Quotes from the news wire:
The technology is relatively immature in general. This space has only really emerged just the past couple of years, mistakes are being made, mistakes are being learned from, but there's always bugs in software. I think the problem here is that the software is the only thing securing these assets.
Found on CNN 3 months ago
You need to trust the bridge really has the assets that are backing those tokens, they have huge amounts of assets that back those wrapped tokens.
Found on CNN 4 months ago
They're just huge honeypots. They just hold huge amounts of crypto assets, and so they are very obvious targets.
Found on CNN 4 months ago
The impact on the sanctioned exchange will be severe, treasury has effectively cut the exchange off from access to the US dollar. Banks everywhere will be on alert.
Found on CNN 1 year ago
There’s so much public attention on this, and exchanges will be on the lookout for customer deposits linked to this theft, this demonstrates that even if you can steal cryptoassets, laundering them and cashing out is extremely difficult, due to the transparency of the blockchain and the broad use of blockchain analytics by financial institutions.
Found on Reuters 1 year ago
It's about identifying who the perpetrators are, but also ensuring that it's very difficult for these criminals to cash out, it means there's less of an incentive to commit this kind of crime in the first place.
Found on CNN 1 year ago
At the moment, criminals want to cash out in euros or whatever in order to benefit from their criminal activity.
Found on CNN 1 year ago
At one point, while a deputy was giving verbal commands to the suspect, the suspect stepped toward Washoe County sheriff deputies.
Found on CNN 2 years ago
XRP is being touted for use as a tool for financial institutions, criminals probably do not want to be associated with any mechanism related to that use.
Found on Reuters 3 years ago
We have a team in London that scout the dark web for any use of cryptocurrency. They began doing this for XRP as well, the type of activities they found were primarily scams, like Ponzi scams, thefts. A smaller category is the sale of credit card details.
Found on Reuters 3 years ago
It just makes bitcoin a lot more usable as a currency in Europe and also provides a lot of clarity to people who are speculating and trading in it.
Found on Reuters 7 years ago
It provides enough oversight to provide legitimacy without stifling innovation, i think it is a good balance between on the one hand the U.S. and specifically New York, which I think have gone too far, and what a lot of countries are doing which is just completely ignoring it.
Found on Reuters 7 years ago
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