So-called “Drainer-as-a-Service” platforms that allow low-skilled attackers to execute sophisticated cryptocurrency fraud schemes present a challenge to banks as crypto goes more mainstream, writes Karthik Narayanan, of Entrata.
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While bank boards in 2026 are rightfully obsessed with the regulatory hurdles of stablecoin integration and AI-driven compliance, as the GENIUS act finds its foothold within the U.S., a more quiet and efficient revolution is occurring in the shadow economy. It is time we stop viewingcrypto theft as a series ofisolated hacks and start recognizing it for what it has truly become: a highly scalable model that mirrors the software-as-a-service platforms we use to run banks. If we do not adapt our…
