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This is simply not true. US has very long arms when it comes to fraud or violations. If it's consumers are harmed, they might seek criminal charges even.

jpgvm 4y ago
Precisely. If the US doesn't have juristiction they will just seek extradition and generally get it unless they fuck up the case horribly (like the Kim Dotcom situation).
- mytailorisrich 4y ago
  Depends on the country. Some countries do not extradite their citizens and some others only if what they are accused of is also illegal in their own jurisdiction...
  - LightG 4y ago
    This case comes to mind ... https://www.politico.eu/article/wife-of-us-diplomat-anne-sacoolas-to-face-uk-court-over-death-of-british-teenager-harry-dunn/ https://www.politico.eu/article/wife-of-us-diplomat-anne-sac... At core, as with most things, it's unfortunately a question of power, not legality ...
- forum_ghost 4y ago
  What did they screw up with Kim?
  - jpgvm 4y ago
    Everything. They couldn't for the life of them work out how to follow procedure so they got crucified by the NZ courts. If they had just done shit by the book they would have had him on US soil with no problems at all. FWIW I don't agree that he -should- be able to be extradited. Just stating the fact that if the US had just not screwed the pooch they would have been successful in doing so.
arcticbull 4y ago
They'll just mumble interstate commerce and presto changeo, it's off to Club Fed.
boeingUH60 4y ago
BitMEX, a crypto derivatives exchange, was incorporated in Seychelles. Yet, the US government successfully indicted and got the four founders to surrender [1] (two of whom were non-US citizens). They can definitely claim jurisdiction if American users were affected in the scheme. 1 - https://www.coindesk.com/markets/2021/03/15/bitmex-founder-ben-delo-surrenders-to-us-authorities/ https://www.coindesk.com/markets/2021/03/15/bitmex-founder-b...
chrisco255 4y ago
Fraud is criminal activity, I'm not talking about that. Corporate shield does not protect you from criminal law. Do Kwon probably should do jail time. The comment I was referring to had to do with a civil lawsuit.
- ForHackernews 4y ago
  > Do Kwon probably should do jail time. Why? These ~~marks~~ investors wanted free unregulated finance on the blockchain, and they got it. Where's the crime?
  - tehlike 4y ago
    Investors also wanted to invest in a ponzi with madoff - does that make it ok?
    - ForHackernews 4y ago
      I don't think they knew they were putting money in a Ponzi scheme. They thought the gains were coming from real investments. People who spent money on Terra/Luna knew it was a cryptocurrency that used magic computer maths to make numbers get bigger (until number got small), same as all the other cryptocurrencies.
      - tehlike 4y ago
        That's a ponzi too, and no, your ordinary American only looked at the large yield and said oh, i should get in on that, even though, it was some sort of ponzi with funny dynamics. So no, it's still a ponzi, and no, most people had no idea.
- literallycancer 4y ago
  Luna/Terra worked as intended. It's not his fault people didn't read the white paper.
  - 4y ago

jpgvm 4y ago

Precisely. If the US doesn't have juristiction they will just seek extradition and generally get it unless they fuck up the case horribly (like the Kim Dotcom situation).

mytailorisrich 4y ago
Depends on the country. Some countries do not extradite their citizens and some others only if what they are accused of is also illegal in their own jurisdiction...
- LightG 4y ago
  This case comes to mind ... https://www.politico.eu/article/wife-of-us-diplomat-anne-sacoolas-to-face-uk-court-over-death-of-british-teenager-harry-dunn/ https://www.politico.eu/article/wife-of-us-diplomat-anne-sac... At core, as with most things, it's unfortunately a question of power, not legality ...
forum_ghost 4y ago
What did they screw up with Kim?
- jpgvm 4y ago
  Everything. They couldn't for the life of them work out how to follow procedure so they got crucified by the NZ courts. If they had just done shit by the book they would have had him on US soil with no problems at all. FWIW I don't agree that he -should- be able to be extradited. Just stating the fact that if the US had just not screwed the pooch they would have been successful in doing so.

arcticbull 4y ago

They'll just mumble interstate commerce and presto changeo, it's off to Club Fed.

boeingUH60 4y ago

BitMEX, a crypto derivatives exchange, was incorporated in Seychelles. Yet, the US government successfully indicted and got the four founders to surrender [1] (two of whom were non-US citizens). They can definitely claim jurisdiction if American users were affected in the scheme. 1 - https://www.coindesk.com/markets/2021/03/15/bitmex-founder-ben-delo-surrenders-to-us-authorities/ https://www.coindesk.com/markets/2021/03/15/bitmex-founder-b...

chrisco255 4y ago

Fraud is criminal activity, I'm not talking about that. Corporate shield does not protect you from criminal law. Do Kwon probably should do jail time. The comment I was referring to had to do with a civil lawsuit.

ForHackernews 4y ago
> Do Kwon probably should do jail time. Why? These ~~marks~~ investors wanted free unregulated finance on the blockchain, and they got it. Where's the crime?
- tehlike 4y ago
  Investors also wanted to invest in a ponzi with madoff - does that make it ok?
  - ForHackernews 4y ago
    I don't think they knew they were putting money in a Ponzi scheme. They thought the gains were coming from real investments. People who spent money on Terra/Luna knew it was a cryptocurrency that used magic computer maths to make numbers get bigger (until number got small), same as all the other cryptocurrencies.
    - tehlike 4y ago
      That's a ponzi too, and no, your ordinary American only looked at the large yield and said oh, i should get in on that, even though, it was some sort of ponzi with funny dynamics. So no, it's still a ponzi, and no, most people had no idea.
literallycancer 4y ago
Luna/Terra worked as intended. It's not his fault people didn't read the white paper.
- 4y ago