Replying to Avatar SkyPanda

A worker at MUFG, Japan's largest bank, was caught stealing valuables worth over ¥140 million ($950,000) from clients' safety deposit boxes

—a stark reminder of the risks in centralized financial institutions. In Japan, there have been numerous reports of similar thefts by bank employees. Victims have even claimed that police dismissed their cases, saying, "Items can't possibly be stolen from a bank's safety deposit box."

When you entrust your wealth to a bank, you rely entirely on its employees and systems to protect it.

#Bitcoin offers an alternative—trustless, decentralized, and transparent.

https://www.japantimes.co.jp/news/2024/11/22/japan/crime-legal/mufg-fire-worker-theft/#:~:text=Mitsubishi%20UFJ%20Financial%20Group%20said,boxes%20of%20approximately%2060%20clients.

Avatar
SkyPanda 1y ago

Even if MUFG Bank claims they will "sincerely compensate" victims, they probably won’t cover losses for items without clear records or evidence proving ownership. I can imagine a bank employee saying, "That’s just your imagination, isn’t it?"

nostr:nevent1qqsr7vvjpqmyeld7c9shmmea433zg6xshuxkk3ajexn8q6q48r9u9ssppemhxue69uhkummn9ekx7mp0qgs8lzp3cx0z765mazc6d6lud50ew0kntrlgjwrkc9jk9pf5wm7u8lgrqsqqqqqp074zeh

Reply to this note

Please Login to reply.

Discussion

Avatar
SkyPanda 1y ago

Surely, savings can't be stolen, right? Think again—they have been.

https://www.snopes.com/fact-check/the-salami-technique/?utm_source=chatgpt.com

There was even a case where someone manipulated a program to divert fractions of a cent into their own account. Unless we rely on a decentralized ledger like #Bitcoin, these kinds of incidents will always be possible.

nostr:nevent1qqs2dcg70fnt26nuu9u47g3ezgeyywzdy8jztt96dygzfgzz0cau95cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrl3qcur830d2d73vdxa07x68uh8mf43l5f8pmvzetzs568dlwrl5psgqqqqqqsfrrnu7