The largest theft of Crypto in history, as its announced $1.5 Billion (yes that’s a B) has been stolen from Dubai-Based company Bybit’s Ethereum

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The largest theft of Crypto in history, as its announced $1.5 Billion (yes that’s a B) has been stolen from Dubai-Based company Bybit’s Ethereum Wallet. It’s a further evidence (if one were ever needed) of the challenges the crypto industry has faced with cybersecurity, over the past years. The theft caused Ethereum to fall 4% on Friday.One always raises the question, if this were a bank, what would the fall out be? You can’t just go print more money, or add a few digits back to the General Ledger. But with Crypto, there always seems to be an ability to mine more crypto.With early investors reported to include Donald Trump and former PayPal chief Peter Thiel. Will there be a focus on regulating the security of crypto along side the broader issue of cybersecurity of financial markets? Faisal Khan @Thaddeus Dziekanowski Brian D. McCarthyVeritas GRC#cybersecurity #cyberriskmanagement #cyberregulation #crypto

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