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It's crypto. It's not like the assets are sitting in traditional accounts that can be force liquidated by court order. SEC? Lol. If these guys have run off (re
by fny 4y ago
It's crypto. It's not like the assets are sitting in traditional accounts that can be force liquidated by court order.
SEC? Lol. If these guys have run off (reading the article it doesn't seem like it), the lenders are screwed. A fraction of $10 billion can buy you a lot of protection especially in crypto safe havens like El Salvador--most of which happen to be hotspots for organized crime.
- woofyman 4y ago//It's not like the assets are sitting in traditional accounts that can be force liquidated by court order. Yes they can unless they want to go to jail.
- fny 4y agoOr if they've run off (not saying they have). With a traditional account, a court could force the bank to transfer assets. Unless there is a third-party custodian of the accounts, there is no recourse. Not your keys, not your coins after all.
- Animats 4y agoAre there "Wanted, Dead or Alive" smart contracts yet?