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I didn't see where the banks are at fault in the above article. It appeared that the woman received a fraudulent email on where to wire the money. This fraudu
by dwighteb 6y ago
I didn't see where the banks are at fault in the above article. It appeared that the woman received a fraudulent email on where to wire the money. This fraudulent email did not come from the banks. So, how could they be liable if she provided them bad information? GIGO. I'm not saying banks care, just this article doesn't highlight that very well.
- staplers 6y agoThe comment i replied to implied the current fiat system has checks and balances that can help prevent fraud and scammers. I'm more highlighting that both crypto and traditional banking are similar in the transfer mechanism than saying banks should be held liable.