2026-01-13 18:40:36

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.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

GasFeeCrier

· 14h ago

Another centralized failure, $44 million just gone, it's really outrageous.

View OriginalReply0

RetiredMiner

· 14h ago

Here we go again, the old tricks of traditional finance... No wonder everyone is rushing to the chain.

View OriginalReply0

ProposalManiac

· 14h ago

$44 million, governance vulnerability reappears. Centralized power is indeed the biggest backdoor.

View OriginalReply0

RektHunter

· 14h ago

$44 million, how many bitcoins can this amount buy? I'm truly amazed.

View OriginalReply0

StakoorNeverSleeps

· 14h ago

It's the same story again... Centralization is a joke.

View OriginalReply0

SchrodingersFOMO

· 14h 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?

View OriginalReply0

PaperHandSister

· 14h 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.

View OriginalReply0