Coinbase Got Hacked a Little
Also billionaire league tables, money laundering bid/ask spreads, Pete Rose and an Elon Musk compensation trade.
Banks face various cybersecurity risks, of which the main ones might be:
There are a few cases of hackers getting into the bank and stealing the money, but not many, and not that much of the money. I used to joke that it is weird that hackers keep breaking into banks to steal email addresses, when the banks also have money, but of course it isn’t. It’s not that the hackers don’t want to steal the money; it’s that they can’t. The banks guard the money much much much much much more carefully than they guard the email addresses. They guard the email addresses very carefully! But the money is a whole different level.