HardwareGone in 12 seconds—Two US brothers charged with stealing $25M in crypto heist using skills they acquired at MITWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
HardwareGone in 12 seconds—Two US brothers charged with stealing $25M in crypto heist using skills they acquired at MITWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Pixabay)
The term “heist” brings to mind masked intruders, ticking clocks and a getaway driver that’s never there when you need them, leading to a whole lot of kerfuffle and a tense car chase. Turns out the modern version might be a whole lot faster than Hollywood movies have had us believe, as two US brothers have been charged of stealing $25M worth of ethereum in just 12 seconds.
The news of this heist and the potential blot on the integrity of the ethereum blockchain doesn’t seem to have hurt its value, as the currency appears to be holding steady at around$3,000per coin as of the time of writing, although—crypto being crypto—it could be worth about the same as a bag of chips in the next hour or two. The “future of money”, folks. It sure is a rollercoaster!
That being said, while cryptocurrency seems to remain something of a wild west frontier, popular coins like bitcoin and ethereum have previously relied on the perceived stability and security of their networks as a major selling point.
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The fact that two individuals were able to defeat the supposedly secure system and transfer such a large sum in such a short amount of time may cause some investors to lose a little sleep, although it doesn’t seem to have caused much of a dent in the market as things stand.
Personally, the mere mention of the term ethereum brings back unhappy memories ofGPU shortages, the pandemic and endless crypto-boom headlines. Still, the markets continue to rise and fall, and while huge amounts of money remain tied up in crypto networks, they’ll always remain a target for those looking to beat the system and make a quick buck.
Best gaming PC: The top pre-built machines.Best gaming laptop: Great devices for mobile gaming.
Best gaming PC: The top pre-built machines.Best gaming laptop: Great devices for mobile gaming.
Best gaming PC: The top pre-built machines.Best gaming laptop: Great devices for mobile gaming.
Best gaming PC: The top pre-built machines.Best gaming laptop: Great devices for mobile gaming.
Best gaming PC: The top pre-built machines.Best gaming laptop: Great devices for mobile gaming.
Best gaming PC: The top pre-built machines.Best gaming laptop: Great devices for mobile gaming.
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