A bank heist in Germany just made headlines. Thieves drilled through a massive hole in the vault wall at 4 AM and successfully looted approximately $105 million. The sheer scale and audacity of this operation—targeting a physical vault with such precision—raises serious questions about traditional financial infrastructure security. In an era where digital assets and decentralized finance are gaining traction, incidents like this underscore why many in the crypto community emphasize the importance of self-custody and control over your own assets. It's a stark reminder that regardless of the financial system, security vulnerabilities exist at every level. For those holding significant amounts of wealth, whether in traditional banks or crypto, this serves as a cautionary tale about due diligence in asset protection.
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AirdropChaser
· 5h ago
Over 100 million USD just gone like that, banks aren't safe either haha
Traditional finance is so fragile, self-custody is really the only option
Wait, how did these guys time it? Feels like an insider was involved
Cold wallets are more secure, banks and exchanges are nightmares
That's why I firmly believe in self-custody, I've said it so many times
German banks are feeling embarrassed this time, they gave our crypto community the best advertisement
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GateUser-40edb63b
· 22h ago
Over 100 million USD disappeared in one night. Do you still dare to say banks are safe? Managing your own keys is the right way.
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GasFeeCrier
· 22h ago
Haha, okay, a traditional bank vault gets looted just by drilling a hole. How much do you trust them?
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MetaverseLandlord
· 22h ago
Haha, traditional banks are not safe either. Now, how will those who say crypto is unreliable respond?
A bank heist in Germany just made headlines. Thieves drilled through a massive hole in the vault wall at 4 AM and successfully looted approximately $105 million. The sheer scale and audacity of this operation—targeting a physical vault with such precision—raises serious questions about traditional financial infrastructure security. In an era where digital assets and decentralized finance are gaining traction, incidents like this underscore why many in the crypto community emphasize the importance of self-custody and control over your own assets. It's a stark reminder that regardless of the financial system, security vulnerabilities exist at every level. For those holding significant amounts of wealth, whether in traditional banks or crypto, this serves as a cautionary tale about due diligence in asset protection.