A novelty rapper and her husband are facing trial for an $8 billion hack of Bitfinex as some of the proceeds have yet to be recovered. Zeke Faux has the details on how the pair pulled off the heist in today's "Big Take" on Bloomberg Television.
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Francisco Gimeno - BC Analyst Crypto platforms and exchanges are showing now so many weakness that what once surprised us (like this particular case) now we see it as something normal and urgent to fix to improve the crypto territory. Watching this we feel the sense of ridicule Bitfinex got when they were hacked by this couple. Sometimes we think the whole crypto is just full of lazy people who just want to profit and don't care about backdoors, lack of IT security and safety protocols, etc. Hacking is happening even now here and there. Lot of things to improve isn't it? There is nothing magical in this. It's a question of safety procedures, seriousness and proper regulations.