Binance was robbed of about $3.3 billion by North Korean hackers, and Musk took the opportunity to mock crypto, saying hackers were the least of its risks.
Earlier, a huge amount of BTC belonging to a certain Mr. Chen was seized by the U.S. government, and the price dropped in response.
“Your private keys mean you’re safe.” “Decentralization is inviolable.” Those claims suddenly became a joke.
So what exactly makes crypto assets safe?
First, an unintuitive fact:
The hackers got the money, but they don’t dare touch it.
Tens of thousands of BTC, watched by everyone on the blockchain—and not a single coin spent.
It’s not a technical problem. They simply can’t spend it.
Bitcoin has no freeze function: if you steal it, it’s yours;
but every transaction is visible to the whole world, leaving a permanent trail.
The money has already been flagged as dirty, carrying a red mark wherever it goes.
The moment they convert it to cash, they’ll be exposed, so all they can do is sit on it.
Visible, untouchable, unspendable.
So transparent that even the thieves are trapped.
Being able to steal it doesn’t mean you can launder it.
Now look at the attitude of decentralization believers:
Before anything went wrong: “Why should Tether be allowed to freeze USDT at will?”
After it went wrong: “Thank goodness Tether can freeze it 😊”
What’s truly terrifying isn’t getting hacked, but the possibility that one day the entire chain could be processed in an instant and converted into an unregulated currency.
That’s why the long-term risks have never been limited to hackers; they also include variables like quantum computing and Satoshi Nakamoto’s wallet.
$3.3 billion has become a hot potato. How ironic.
#币安第一阶段15个网络已恢复提现 #币安更新储备证明地址 #币安将恢复第一阶段提现 $BTC $ETH
Earlier, a huge amount of BTC belonging to a certain Mr. Chen was seized by the U.S. government, and the price dropped in response.
“Your private keys mean you’re safe.” “Decentralization is inviolable.” Those claims suddenly became a joke.
So what exactly makes crypto assets safe?
First, an unintuitive fact:
The hackers got the money, but they don’t dare touch it.
Tens of thousands of BTC, watched by everyone on the blockchain—and not a single coin spent.
It’s not a technical problem. They simply can’t spend it.
Bitcoin has no freeze function: if you steal it, it’s yours;
but every transaction is visible to the whole world, leaving a permanent trail.
The money has already been flagged as dirty, carrying a red mark wherever it goes.
The moment they convert it to cash, they’ll be exposed, so all they can do is sit on it.
Visible, untouchable, unspendable.
So transparent that even the thieves are trapped.
Being able to steal it doesn’t mean you can launder it.
Now look at the attitude of decentralization believers:
Before anything went wrong: “Why should Tether be allowed to freeze USDT at will?”
After it went wrong: “Thank goodness Tether can freeze it 😊”
What’s truly terrifying isn’t getting hacked, but the possibility that one day the entire chain could be processed in an instant and converted into an unregulated currency.
That’s why the long-term risks have never been limited to hackers; they also include variables like quantum computing and Satoshi Nakamoto’s wallet.
$3.3 billion has become a hot potato. How ironic.
#币安第一阶段15个网络已恢复提现 #币安更新储备证明地址 #币安将恢复第一阶段提现 $BTC $ETH