Can't Trust Big Banks, Let's Try 'Bros' Instead?

posted by Roy Schestowitz on Oct 31, 2026

Blaming some nation is face-saving spin

At one point the company lost 96.1% of its value (compared to its highest valuation)

The "bros" who are typically more bluster than actual track record of accomplishments and/or qualifications (to warrant trust) tell us that the "evil banks" are going to take away all our money, hence we should convert real currencies into some fictional stuff like NFTs, slop tokens (for plagiarism), and "wallets" on somebody's laptop.

The result, the end result, is inevitable. See what happened to FTX, the pyramid scheme led by the wife of Jim Zemlin (securities fraud), and now Binance. The Linux Foundation is connected to these scammers.

It turns out that "Bros with Laptops" aren't much more reliable than the average bank [1-7].

But let's blame "North Korea" [8]. █

Related/contextual items from the news:

1. North Korean hackers linked to crypto thefts among world’s best, experts say

   The group allegedly also hit crypto exchanges Bybit and Bitget in 2025.

2. Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era

   The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.

3. $6 Billion Binance Hack Bears Hallmarks of North Korea’s TraderTraitor

   Blockchain analysts link the record crypto theft to North Korean hackers, as Binance probes a possibly compromised engineer laptop.

4. Biggest hack in history: Cryptocurrency giant Binance loses $6.3 billion

   Cryptocurrency exchange giant Binance has been targeted by a record-breaking $6.3 billion cyber heist, with blockchain intelligence firms linking the attack to North Korea. By Thursday night in the US, a coordinated effort by major crypto platforms successfully froze roughly $3 billion of the stolen assets during a high-stakes race to track and secure the digital funds.

5. Hackers steal $6.3B from Binance in biggest-ever crypto heist

   Hackers have stolen about $6.3 billion worth of digital assets from Binance, a major cryptocurrency exchange operator. The heist is more than four times bigger than the previous largest crypto theft.

6. Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion

   The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”

7. Suspected North Korean hackers steal $5.6 billion in crypto in record-breaking cryptocurrency heist, Binance withdrawals frozen

   Binance withdrawals frozen after thieves run off with $5.6 billion in crypto — firm says it will cover losses as stablecoin networks move to freeze $2.4b in stolen assets

8. It Took Hackers Just 20 Minutes to Steal $6.3 Billion in Crypto from a Single Platform

   Researchers say "North Korea's elite hacking unit" is to blame.