My theory is that Binance execs were having these chats in an encrypted medium (e.g. WA or Signal) but didn't secure themselves against a defector.
I think someone on the inside took screenshots and went to the feds (or started cooperating under legal pressure). There's even a leading candidate [0].
What's funny about this is it's a fine metaphor for what ails crypto as a whole. The technology is cryptographically secure, but not at all robust to much simpler betrayals, hacks, etc. If you trust overmuch in the tech and don't focus on less technically interesting but more fundamental threats, you're apt to get rekt.
I think someone on the inside took screenshots and went to the feds (or started cooperating under legal pressure). There's even a leading candidate [0].
What's funny about this is it's a fine metaphor for what ails crypto as a whole. The technology is cryptographically secure, but not at all robust to much simpler betrayals, hacks, etc. If you trust overmuch in the tech and don't focus on less technically interesting but more fundamental threats, you're apt to get rekt.
[0]https://decrypt.co/124999/ex-binance-us-ceo-catherine-coley-...