Maybe this should be in the God News thread:
Cryto Giant gets hacked
From NewsThump:
by
Andy Matthews7 hours ago
A cryptocurrency investor who has spent years explaining that governments, banks and financial regulators are completely obsolete has demanded to know why none of them prevented his money from being stolen.
Following the multibillion-dollar security breach at Binance, Simon Williams, 43, has developed an unexpected enthusiasm for international police cooperation.
Although the exchange has promised to cover losses, Simon wants immediate action from institutions he previously described as “irrelevant dinosaurs terrified of global financial freedom”.
“When I said the government should keep its hands off my money, I obviously didn’t mean it should let
other people put theirs on it,” he explained.
“What exactly are we paying these people for?”
Simon, who regularly celebrates cryptocurrency’s ability to transcend national borders, said investigators’ concerns about jurisdiction sounded suspiciously like “excuses”.
“Apparently they need to establish which country the suspects are in. Well, get on with it then!
“Money moves around the world instantly now. Why can’t a policeman?”
He also demanded that authorities identify the recipients of suspicious transactions, having previously insisted financial privacy was an absolute right.
“That’s completely different. I wanted privacy to
protect myself from government surveillance. They’re using it to
avoid government surveillance. I shouldn’t have to explain this very simple concept.”
Simon has contacted his MP to ask why regulators failed to impose stronger safeguards on an industry he has repeatedly urged them to leave alone.
“There should have been checks. Standards. Someone making sure people couldn’t just wander off with billions of other people’s money.
“I’m astonished nobody thought of that.”
Friends confirmed Simon remains committed to dismantling the traditional financial system, once it has finished helping him.
“I just want an accountable organisation to safeguard my money, monitor suspicious transactions and provide someone I can contact when things go wrong,” he said.
Asked whether he meant a ‘bank’, Simon said there was no need to get political.