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exchange hacks

Marty's Ƀent

Issue #479: Hacks, insurance funds, and reorgs

To pull this off, Binance would have needed to coordinate with miners to rewrite the chain to change the transaction executed by the hacker. Now, that doesn't seem very decentralized or trustless, does it? Nor does it seem very practical.

by Marty Bent
Marty's Ƀent

Issue #471: Bitfinex gets sued by New York

The risk of legal action against Bitfinex has been well-known by anyone who has been observing the Bitfinex saga for long enough. It's no surprise to me that they have finally attracted the attention of some government entity.

by Marty Bent


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