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People have been keeping valuables in safe deposit boxes since long before crypto was invented. As for ability to reverse transactions, wire fraud is actually
by DennisP 5y ago
People have been keeping valuables in safe deposit boxes since long before crypto was invented.
As for ability to reverse transactions, wire fraud is actually a huge problem. People buying houses get an email with wire instructions, don't verify it, send the money, and it's gone. Fraudsters call up businesses, convince them to send a wire, and the money's gone. It happens a lot, and unless you discover the fraud immediately, there's usually no way to get your money back, it gets forwarded to fake accounts around the world and withdrawn.
https://money.com/real-estate-wire-fraud-scam-covid-tips/ https://money.com/real-estate-wire-fraud-scam-covid-tips/
https://www.bankofthepacific.com/customer-support/quick-tips/everything-business-needs-to-know/ https://www.bankofthepacific.com/customer-support/quick-tips...
https://www.atg.wa.gov/wire-transfer-scams https://www.atg.wa.gov/wire-transfer-scams