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Binance is navigating the aftermath of one of the largest crypto thefts on record. Following a six-point-three billion dollar breach and a forty-five-hour withdrawal freeze, customers pulled roughly six billion dollars from the platform once access was restored — less than four percent of total holdings, but a significant vote of no confidence as rival exchanges quietly absorbed the inflow.
That breach has reignited a deeper question: why is stealing from a crypto exchange so much harder to stop than a traditional bank robbery, but so much easier to pull off in the first place? Unlike banks, which can freeze accounts and reverse transactions, blockchain settlements are final. Once funds move, they move — and that architecture, by design, leaves very little room for intervention.
Meanwhile, in a story that connects the physical world to the digital one, a Guardian investigation has found that workers building and maintaining Europe's data centres are facing dangerous conditions — electrocutions, disease, and in some cases no pay at all. It's a stark reminder that the infrastructure powering the cloud has very human costs attached to it.
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