BITCOIN $100K | RABBIT HOLE RECAP #340
Rabbit Hole Recap
The Bitfinex Hack and Its Aftermath
This chapter explores the 2016 Bitfinex hacking incident where 119,000 Bitcoin were stolen, focusing on the hackers' methods and Bitfinex's inadequate security measures. It also discusses a recent court ruling that requires the U.S. government to return a portion of the stolen Bitcoin to Bitfinex, along with the implications of this decision. Additionally, the speakers engage in a light-hearted debate about the future of cryptocurrency and stablecoins while reflecting on the broader impact of regulation and market dynamics.
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