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Explaining The Largest Crypto Heist Ever
Posted
August 13, 2021
Views
27
August 13, 2021
27
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0:59Now PlayingThe Next “Ocean’s” movie shouldn’t be about casinos or the Met Gala but about crypto. Crypto heists are the new robbing a bank Check out the video to find out more!
Welcome back to Bold TV with David Grasso. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
The latest crypto heist was the worst in history. Hackers managed to steal $600 million from the crypto platform Poly Network. Affected coins included Shiba Inu, Ether, Bitcoin and USDC.
Are hackers really trying to steal people’s money? Maybe not. This same hacker bragged that he was a “legend” and already returned most of the money back. The hack may have been just for clout.
Anytime crypto looks unstable, the conversation of cryptocurrency regulation will come up. SEC Chair Gary Gensler used this attack as an example of why more regulation is needed. He went as far as saying that the crypto space was “ripe with fraud, scams and abuses.”
Do you agree with Gensler? Let us know in the comments below!
Make sure to subscribe to Bold TV, and follow us as we keep you up to date on all the latest news.
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