Mmastodon BusinessCrypto first seen 7 d ago, last 6 d ago, peak #1
Binance hack renews debate over crypto's shaky foundations
Original: Dodgy money, no assets, bad security, ripe for exploitation. But what is money anyway? https://www. theguardian.com/busi
Binance, the world's largest crypto exchange, has been hit by a hack reported by the Guardian, prompting criticism that cryptocurrency amounts to dodgy money with no underlying assets and weak security, making exchanges ripe for exploitation. Commenters are using the breach to question what money actually is, contrasting crypto with state-backed currencies and reviving long-running scepticism about the industry's stability.
Why now: A major security breach at the largest crypto exchange has reignited public scepticism about cryptocurrency's value and security.
Evidence
- Dodgy money, no assets, bad security, ripe for exploitation. But what is money anyway? https://www. theguardian.com/business/2026/ oct/29/binance-crypto-exchange-hack # Crypto # AI # Banking · Wen@mastodon.scot · 4
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