Entire contents of the Swarm City ETH multisig wallet drained(press.swarm.city)
press.swarm.city
Entire contents of the Swarm City ETH multisig wallet drained
https://press.swarm.city/parity-multisig-wallet-exploit-hits-swarm-city-funds-statement-by-the-swarm-city-core-team-d1f3929b4e4e
6 comments
Russian and Chinese hackers are making so much money. Ultimately we have to analyze the negative impact of crypto currencies in funding black hats and evil online citizens. The motivation to make large sums of untraceable money is just to great. I'm honestly scared for the future as these people did not build companies, invent products and technologies. They just stole money.
They're not gonna stop there either. Most criminal gangs look for bigger and bigger heists, not just for the money, but for the challenge as well. Eventually it'lll get big and risky enough that people outside the cryptocurrency ethusiast market will get harmed.
"Eventually"? Stolen credit cards are much bigger thing, and for much longer than cryptocurrencies.
How many of those stolen cards actually successfully had charges placed and how many had charge backs? It's a false equivalence. Credit card rings have been busted. How many cryptocurrency thieves have been successfully prosecuted? How often are victims returned their money vs credit card theft?
From quick googling: http://www.statisticbrain.com/credit-card-fraud-statistics/ - and these are just Americans.
You really think these numbers are comparable with cryptocurrencies whatsoever?
You really think these numbers are comparable with cryptocurrencies whatsoever?
$9-million? Yikes.