SkyPanda on Nostr: Even if MUFG Bank claims they will "sincerely compensate" victims, they probably ...

Even if MUFG Bank claims they will "sincerely compensate" victims, they probably won’t cover losses for items without clear records or evidence proving ownership. I can imagine a bank employee saying, "That’s just your imagination, isn’t it?"

quoting nevent1q…4zeh

A worker at MUFG, Japan's largest bank, was caught stealing valuables worth over ¥140 million ($950,000) from clients' safety deposit boxes

—a stark reminder of the risks in centralized financial institutions. In Japan, there have been numerous reports of similar thefts by bank employees. Victims have even claimed that police dismissed their cases, saying, "Items can't possibly be stolen from a bank's safety deposit box."

When you entrust your wealth to a bank, you rely entirely on its employees and systems to protect it.

#Bitcoin offers an alternative—trustless, decentralized, and transparent.

https://www.japantimes.co.jp/news/2024/11/22/japan/crime-legal/mufg-fire-worker-theft/#:~:text=Mitsubishi%20UFJ%20Financial%20Group%20said,boxes%20of%20approximately%2060%20clients.