2025-03-09
I remeber when the whole point of crypto was a decentralized currency that wouldn't be subject to banks and institutional stupidity. — Losing billions because some third party companies employee's incompetence doesn't sound like it [embedded post]
New York Times
Source: Bybit hackers planted malicious code to manipulate transactions by compromising a developer's computer at crypto wallet provider Safe, used by Bybit
On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.
2025-03-08
I remeber when the whole point of crypto was a decentralized currency that wouldn't be subject to banks and institutional stupidity. — Losing billions because some third party companies employee's incompetence doesn't sound like it [embedded post]
New York Times
Source: Bybit hackers planted malicious code to manipulate transactions by compromising a developer's computer at crypto wallet provider Safe, used by Bybit
On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.