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Not just scammers! Even "non scam" stable cryptocurrency companies can drain your life savings: https://www.marketplace.org/2022/06/09/when-a-cryptocurrency-y
by helsinkiandrew 4y ago
Not just scammers! Even "non scam" stable cryptocurrency companies can drain your life savings:
https://www.marketplace.org/2022/06/09/when-a-cryptocurrency-you-never-heard-of-drains-your-life-savings/ https://www.marketplace.org/2022/06/09/when-a-cryptocurrency...
And
https://www.theguardian.com/technology/2022/may/22/ukrainian-man-loses-life-savings-in-stablecoin-crypto-slump https://www.theguardian.com/technology/2022/may/22/ukrainian...
Matt Levine put in succinctly: https://www.bloomberg.com/opinion/articles/2022-06-13/merger-buyer-s-remorse-sometimes-works#Celsius https://www.bloomberg.com/opinion/articles/2022-06-13/merger...
> If you don’t like the financial system making leveraged speculative bets with your deposits, you might find yourself putting your money in some entirely unregulated crypto bank whose entire purpose is to make leveraged speculative bets with your money
I hope there's a lot of court cases that ensures the morons that started these companies and peddled BS to the public don't have anything more to do with other peoples money.