The United States SEC faces a violent reaction, as a penetration premium is not supervised

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John Reed Stark indicated that one of the increasing causes of encryption security is to reduce the US enforcement activities. This includes the latest attack on the BYBIT platform, which was at risk and stolen 1.5 billion dollars belonging to customers.

The attack, which analysts described as the largest theft of encryption in history, has raised concerns about the lack of regulatory guarantees that protect investors.

The United States SEC is criticizing that the BYBIT penetration highlights the security gaps

According to the hadith After xStark criticized the US decision to decline implementation against encrypted currency platforms. He pointed out that the security breach is a direct result of weak organizational supervision, which makes investors protected against advanced electronic attacks.

The attack on bybit has been linked Lazaros Group in North KoreaThe state -sponsored piracy group is known to target the exchange of cryptocurrencies. Analysts at Blockchain Forensics Illiptic reported that the group had stolen billions of dollars in encryption over the years, using complex washing methods for financing missile programs in North Korea. Without the strict cybersecurity requirements imposed by the US Securities and Stock Exchange, exchanges remain vulnerable to such threats.

SEC JOHN Reed Stark added,

“With regard to encryption, there is no regulatory supervision; no consumer protection. No net capital requirements; no license for individuals; the United States does not review inspections or tests; not to separate customer boxes; no insurance, no requirements for cybersecurity; no transparency no LaC/FDIC/OCC/etc.

BYBIT penetration 1.5 billion dollars offered the risks

Bybit penetration raised concerns about the broader security risks in the encryption industry. Curical exchanges lack supervision, unlike traditional financial institutions. They have no mandatory audit, capital reserves, or customer asset protection.

Bybit responded by securing bridge loans to cover losses and work to recover stolen assets. However, experts remain skeptical of the possibility of successful recovery. This incident confirms how the absence of the SEC application leaves the encryption investors exposed to losses on a large scale without organizational guarantees.

With the withdrawal of the United States from investigations and enforcement related to encryption, investors are left without main protection. The lack of insurance, consumer guarantees, and control mechanisms mean that customers are affected by violations like Beit penetration You have limited options to recover their money.

The United States also changes its organizational position, critics raise concerns. They argue that the exchange of encryption abroad may still work in weak security. This organizational gap increases the risk of more breaches on a large scale, exposing investors at a constant financial risk.

The US decision to stop implementing implementation has sparked discussions on encryption organization. Continuous issues against major exchanges are now suspended. Some industry participants see a decrease in censorship as a way to enhance innovation. Others warn that it increases the risk of fraud, security violation and financial instability.

After penetrating the last encryption, Launched A $ 140 million recovery bonus to track and restore stolen money. The Stock Exchange provides rewards for individuals or organizations that provide information that leads to the identification of infiltrators.