Cybersecurity & Tech
What’s happening? On Tuesday it was announced by PolyNetowrk that hackers stole $600 million in various cryptocurrencies from its network. PolyNetwork asked the hackers to return the funds. As of this $4.8 million have been returned.
Why is this important? How do you enforce when the crypto is stored by blockchain, in multiple parts on multiple servers and US financial regulators are pushing to make cryptocurrency easier to trace.
How will this be important? The industry is asking and moving to self regulate and secure their assets.
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