An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded...
Finance has spent centuries decoupling wealth from physical transport, but constantly erasing friction creates vectors for increasingly high-tech exploits.
Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology...