‘All Funds Are Safe’: Binance Denies Crypto Hack Rumors UPDATE (7, March 20:10 UTC): Binance CEO Changpeng Zhao tweeted that the irregular trades have been identified, and will be reversed. He also warned users to learn how to secure their accounts against future phishing attacks. Binance has reassured customers that their money is still in their accounts following hours…
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The possibility of converting electrical current, wherever found, appears to have added yet another fungible item to the list of socialist "people's properties" liable to get spontaneously "redistributed" by their "servant leader" caretakers — via the quite familiar, to inhabitants of the ex-soviet world, .
Concretely: the European Union's "Continental European Power System", "a large synchronized area stretching from Spain to Turkey and from Poland to Netherlands; encompassing 25 countries", () on March 6, 2018, a sudden energy deficit summing to 113 GWh (i.e. 3.6 terajoules):
The power deviations are originating from the control area called Serbia, Macedonia, Montenegro (SMM block) and specifically Kosovo and Serbia. The power deviations have led to a slight decrease in the electric frequency average. This average frequency deviation, that has never happened in any similar way in the CE Power system, must cease. The missing energy amounts currently to 113 GWh. The question of who will compensate for this loss has to be answered.
