Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far
The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.
Binance said it would cover all customer losses as it froze $3bn of the affected assets.
Analysts said the exchange had been subjected to an unprecedented attack with “never-seen-before” laundering patterns as the hackers made off with assets worth billions of dollars.
Yeah don’t get me wrong. I like the technology and the principle, but I’d rather have a tokenised assets based off something tangible and positive like soil health and carbon…
RWAs (real world assets) are a growing ‘sector’ of defi. There’s currently $30 billion AUM with RWAs.
To be honest, crypto is hypercapitalized as fuck, but there’s niche sub groups like Regen Finance and Bread Chain, offering real world solutions for the working class and environmental concerns. This is where my interest in crypto lies.
Thanks, will take a look. I remember reading about crypto DAOs ages ago and thought they sounded very interesting.
DOAs were/are a cool idea, but they all basically just turned into a way for rich people to get outsized influence on orgs/apps. It totally got gamed.
I do think there’s value in DAOs somehow, but they way they’re setup now, it just kind of failed. I had some DAO tokens and it always felt so pointless voting. My vote was basically worthless. And, most orgs are too scared to turn on the fee switches for DAO token holders in fear of regulatory action.
Yeah, I lost interest when they starting buying art for lols