subversive_dev

My speculations:

• “insecure from the start” - as in , the wallet was never that “cold”

• with that amount of money, it’s easy to imagine an “insider threat”

• the hackers could have gotten lucky and struck right when the company was doing legitimate operations on the wallet

• but probably it’s a towering mountain of incompetence, composed of the elements above and more

What’s the cure?

I’m sure the feckless controlled opposition party will jump right on this, just you wait

Hard to say right now. The article suggests that the banks are just trying to free up cash on their balance sheets. However, this could instead be an indication that they are looking for a “bigger fool” to take the losses. I personally think the bottom won’t fall out of Xitter until the tesla share price crashes. Elon bought some time with credulous fools with the ridiculous cybercab demo, but that can’t last forever. At that point I think the only question is whether SpaceX gets pulled down with all the rest of the musk ventures

Yes.

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