Comment by nomilk
2 hours ago
Interestingly, this 18,270 BTC Binance theft is only "the largest crypto theft on record" when measured in USD. In terms of pure BTC, it's not even close to the 2011-14 Mt. Gox loss of ~850,000 BTC!
2 hours ago
Interestingly, this 18,270 BTC Binance theft is only "the largest crypto theft on record" when measured in USD. In terms of pure BTC, it's not even close to the 2011-14 Mt. Gox loss of ~850,000 BTC!
Yes but that’s irrelevant as Mt Gox would not have had 850k BTC in their wallet at current valuations.
Measuring the size of the heist in USD is convenient but arbitrary, as what was stolen was predominantly Stablecoins, BTC and ETH. So it makes more sense to measure the heist in Stablecoins, BTC and ETH. But that doesn't create as exciting a headline, as the BTC component was almost 50x smaller than the Mt. Gox heist!