Binance hot wallet drained of about $2.5B in tokens on Ethereum

vldszn

https://news.ycombinator.com/item?id=50295883

jjcm

I had posted this two days ago: I've been in crypto since 2010. As of a few days ago I hold zero crypto assets for the first time in 16 years. IMO it's less about it not finding PMF outside of it being a store of value, it's more about the mass amount of exploits that are hitting the internet right now. I'd place a bet that before the end of the year someone will get >10k btc stolen due to 0 days, not via breaking the cryptography itself, but rather by breaking into the computer holding the wallet. Those coins will not be returned and faith in an asset that by its very nature isn't insured will be shaken. I'm not saying BTC won't rise again / hit new highs, but the risk of it crashing is so high right now that to me it is no longer worth it. https://x.com/pwnies/status/2115010159953248483 I'm not surprised how quickly this happened with the exponential increase in CVEs. Crypto is just too risky of an asset to hold now.