Jay - Web3 Builder
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Bank Vs Crypto hacked
If a bank were to be breached for $1.4 billion:
-Withdrawals would be halted
-The government would need to be informed
-An inquiry commission would be formed
-Investigations would take years
-Customers would be left waiting in line
-ranches would be closed
-Competitors would benefit
On the other hand, when the
@Bybit_Official exchange was hacked for $1.4 billion:
-The CEO @benbybit went live to address the situation
-The industry united in response
-Competitors offered their assistance
-Within an hour, operations returned to normal
-The industry actively tracked and froze accounts
-There were zero pending withdrawals
This is what they find unsettling about crypto: UNITY.
If a bank were to be breached for $1.4 billion:
-Withdrawals would be halted
-The government would need to be informed
-An inquiry commission would be formed
-Investigations would take years
-Customers would be left waiting in line
-ranches would be closed
-Competitors would benefit
On the other hand, when the
@Bybit_Official exchange was hacked for $1.4 billion:
-The CEO @benbybit went live to address the situation
-The industry united in response
-Competitors offered their assistance
-Within an hour, operations returned to normal
-The industry actively tracked and froze accounts
-There were zero pending withdrawals
This is what they find unsettling about crypto: UNITY.
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