www.antena3.ro/economic/atacul-hackerilor-asupra-b

A cyberattack on Binance, attributed to North Korea, highlighted the cryptocurrency industry's ability to freeze cross-border assets quickly, unlike traditional banking. The incident raised questions about the principles of cryptocurrencies and the need for common regulations to prevent abuse of asset freezing powers. Following the attack, major stablecoin issuers like Tether and Circle froze billions in stolen digital currency. The analysis suggests that while cryptocurrencies were designed to resist censorship, the ability to censor transactions is becoming a feature of the system. The article discusses the challenges of reconstructing the international monetary system in a world of distrust and competing jurisdictions, emphasizing the need for a new financial model that incorporates cybersecurity principles.