Once Again, Thieves Enter Swift Financial Network and Steal

nytimes.com

6 pointsjrochkind13 comments

I guess this will accelerate the adoption of block chain technologies as a replacement for existing systems like swift

Blockchain would be great with the robosigning scandal, or anything else where the chain of actions has to be maintained.

Also, somebody got all the info and then wired Bangledesh's money to a private account. It's an inside job, hard to stop those.

Blockchain isn't a silver bullet and probably won't be able to fix all of SWIFT's shortcomings.