Former Lebanese central bank governor Riad Salameh faces charges over an alleged $44.8 million embezzlement case. This high-profile financial scandal highlights governance risks within traditional banking institutions—a recurring theme that underscores why many turn to decentralized alternatives. The case reflects broader trust issues in centralized monetary systems.
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GasFeeCrier
· 4h ago
Another centralized failure, $44 million just gone, it's really outrageous.
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RetiredMiner
· 4h ago
Here we go again, the old tricks of traditional finance... No wonder everyone is rushing to the chain.
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ProposalManiac
· 4h ago
$44 million, governance vulnerability reappears. Centralized power is indeed the biggest backdoor.
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RektHunter
· 4h ago
$44 million, how many bitcoins can this amount buy? I'm truly amazed.
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StakoorNeverSleeps
· 4h ago
It's the same story again... Centralization is a joke.
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SchrodingersFOMO
· 4h ago
Bro, I couldn't help but laugh when this news came out. It's the same old story... The folks at the central bank have played this game to death; they can move 44 million just like that.
This is the real reason Web3 exists. Isn't it great that the ledger is open and transparent?
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PaperHandSister
· 4h ago
Here we go again, the central bank's show is still going on... Did 44 million just disappear like that? No wonder everyone wants to go on-chain.
Former Lebanese central bank governor Riad Salameh faces charges over an alleged $44.8 million embezzlement case. This high-profile financial scandal highlights governance risks within traditional banking institutions—a recurring theme that underscores why many turn to decentralized alternatives. The case reflects broader trust issues in centralized monetary systems.