Bright red sunset on the beach with fishing boat in Cambodia, Sihanoukville.

20 thoughts on “Bright red sunset on the beach with fishing boat in Cambodia, Sihanoukville.”

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    In March 2022, a different hacker found vulnerabilities in the decentralized finance platform Ronin Network and made off with more than $600 million — the largest hack to date. The private keys, which serve as passwords to protect cryptocurrency funds in wallets, were compromised. The Department of Justice (DOJ) recently acknowledged that the technology “raises breathtaking possibilities for human flourishing.” Yet it further noted that “despite its relatively brief existence, cryptocurrency technology plays a role in many of the most significant criminal and national security threats that the United States faces.” This is no different than criminal enterprises taking full advantage of the Internet. The availability of alternative techniques to circumvent end-to-end encryption offers a potential solution to the problem, albeit an imperfect one. An example of the challenges associated with circumvention comes from the San Bernardino terrorism case, where law enforcement recovered a smart phone that used encryption, but the company that developed it was unwilling to help provide access. Tech companies often worry that appearing to cooperative with U.S. law enforcement may raise concerns among foreign customers, and some are reluctant to take on the legal costs associated with providing assistance.

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