Surely this story shows the futility of crypto? Despite being peddled as incredibly secure system and the best currency since ... err ... currency ... there are so many of these very large scams reported that the inherent security of such systems must be in question ... yet isn't questioned by the political masters. The supposedly untraceable nature of transactions makes it all the worse (even if a Nigerian prince moves in to 37 Coleridge Close, Climthorpe, nice semi with one garage and 5 Lambourghinis, who's to say that should be regarded as crypto-suspicious as it may simply be the result of a normal email scam campaign.)
If a banking system had this many large intrusions it would be almost instantly shut down (eg Bearings) yet cryptos keep on starting up and running and failing ... Who has their fingers deep enough in this pie to stop the authorities stamping on this all over the world? China are the only financial power to take action (but that may arguably be for the wrong reasons).
Biting the hand that feeds IT
