Nick Szabo  🔑

Banks put your money on insecure computers: at least $100m stolen recently via malware sending SWIFT messages: http://money.cnn.com/2016/08/31/technology/swift-bank-hacks/index.html …

@CNNMoney maybe they should write some code to reverse transactions rather than involve law enforcement #ethereum

and 90% of the fraudulent transactions were stopped by the NY Fed.

so similar to how the crypto exchanges were able to freeze the RHG funds until they were cleared.

attempted heist of nearly $1bn was reduced to $81m, mostly by NYFed stopping transactions.

Why did the Bangladesh bank have nearly $1B in its current account? like.. who does that??

. the hackers sent withdrawal requests to the central bank's account with the New York fed.