China’s Kuaishou in Chaos: $20M Bitcoin Heist Exposes Gaping Holes in Digital Security—Is Your Portfolio Next?

Another day, another crypto scandal—except this one cuts deep. China's social media giant Kuaishou just got schooled in blockchain's dark arts, with thieves bypassing every safeguard to swipe $20 million in Bitcoin. Here's how they did it.

The Anatomy of a Digital Heist

Forget Hollywood hackers—this crew exploited Kuaishou's own infrastructure, turning livestream tools into a money-siphoning weapon. No brute force needed when human error leaves backdoors wide open.

Regulators Playing Whack-a-Mole

Beijing's 'blockchain first, ask questions later' approach just met its match. While officials scramble to trace the coins (good luck with that), exchanges are quietly tightening KYC rules—three years too late.

Crypto's Ugly Truth: Your Keys, Their Problem

Another nine-figure theft proves institutional crypto custody remains a pipe dream. But hey, at least the thieves didn't rug-pull retail investors... this time.