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There's plenty of situations where traditional banking system does nothing. A social engineering scam led to a 6-figure USD theft, it was a down payment meant t
by 88913527 5y ago
There's plenty of situations where traditional banking system does nothing. A social engineering scam led to a 6-figure USD theft, it was a down payment meant to be wired as part of a real estate transaction. The money was already out of the country; they got nothing back. There was a local news article about it.
- BoppreH 5y ago> 6-figure USD theft Traditional banking is not perfect by any means, but if 6-figure frauds are making the news, it means they are uncommon. Meanwhile, cryptocurrencies regularly have scams and hacks in the hundred-million dollar range.