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This such an annoying pattern. Something unflattering comes to light(for some greater measure of coming to light) and the predictable response always, "Geez...

This such an annoying pattern. Something unflattering comes to light(for some greater measure of coming to light) and the predictable response always, "Geez... Everybody already knows this. It's in the wiki!" Not to mention the richness of implying chinese exchanges are somehow uniquely bad! Exchange shenanigans on the english speaking web are a central part of the bitcoin story to this point.

Animats 9y ago
"You didn't know that was a scam? Don't you subscribe to Offshore Alert?" There are still people putting money into MMM, which is a long-running scam with its own Wikipedia article.[1] The binary option industry, run out of Ramat Gan in Israel, was a whole industry of bucket shops pretending to be brokers. It got so big it was 40% of Israel's financial sector. About 95% of binary option investors lose their entire investment. Turns out it's legal in Israel to scam non-Israelis. Once that came out, it became a political embarrassment.[2] “Binary options is causing anti-Semitism around the world.” - a member of the Knesset. [1] https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company) [2] https://www.timesofisrael.com/unhappy-with-bill-israels-coalition-chief-wont-rush-binary-options-ban-to-knesset/ https://www.timesofisrael.com/unhappy-with-bill-israels-coal...