After years of repeated CEX hacks, I still don’t understand how outgoing transfers of this size can happen without independent human review and signing.
Where are the circuit breakers? Why aren’t unusually large withdrawals automatically delayed, queued for review and subject to additional approval, especially when funds are moving to a new address?
Withdrawing $5,000 from a bank can involve questions and a manager’s approval. Yet somehow, $100 million++++ can flow out of an exchange to an unfamiliar address in seconds.
Make it make sense. Please.