4 ms·

This is nothing new for Coinbase employees: https://bitfinexed.medium.com/coinbase-insider-trading-litecoin-edition-be64ead3facc https://bitfinexed.medium.com/

by jmoak3 4y ago

This is nothing new for Coinbase employees: https://bitfinexed.medium.com/coinbase-insider-trading-litecoin-edition-be64ead3facc https://bitfinexed.medium.com/coinbase-insider-trading-litec... I recommend caution to crypto engineers - the world loves you when you make people rich, and the world might be willing to excuse shady behavior for a brief time. When things sour shady people will get what they deserve, and the metaphorical mob will come for their associates/companies.

jmoak3 4y ago
Follow up: https://www.cftc.gov/PressRoom/PressReleases/8369-21 https://www.cftc.gov/PressRoom/PressReleases/8369-21
Asparagirl 4y ago
That mob is not so metaphorical... "Do Kwon, the founder of the cryptocurrency Luna and the stablecoin TerraUSD, has reportedly been in contact with police after a possible investor in the coin “trespassed” at his home, according to a new report from South Korea’s largest newspaper, The Chosun Ilbo. Crypto News reports the investor lost roughly $1.56 million in the collapse of Luna, a claim Gizmodo could not independently verify. An unnamed man rang the doorbell to Kwon’s apartment around 6:23 p.m. local time Thursday night, according to Chosun, and Kwon’s wife answered the door. The man reportedly asked something like, “Is your husband home?” and then proceeded to run off... The unnamed man who arrived at Kwon’s home faces a charge of trespassing because he allegedly entered the apartment complex by slipping through a gap in the apartment building’s common door, according to Chosun. CCTV footage from the incident and surrounding area is reportedly being reviewed..." https://gizmodo.com/luna-price-do-kwon-police-south-korea-home-apartment-bi-1848921120 https://gizmodo.com/luna-price-do-kwon-police-south-korea-ho... See also: the Mt. Gox protestors who staked out the company's headquarters in Tokyo, almost a decade ago: https://www.theverge.com/2014/2/19/5425220/protest-at-mt-gox-bitcoin-exchange-in-tokyo https://www.theverge.com/2014/2/19/5425220/protest-at-mt-gox...
jqpabc123 4y ago
I recommend caution to crypto engineers Fraud is everywhere in crypto but it has very little to do with *crypto engineers*. In other words, lots of *engineers* are bedazzled by blockchain but this isn't the source or the cause of most of the fraud. Blockchain is just an accounting system. As this example shows, there are lots of way to commit fraud outside of forging the books.

by jmoak3 4y ago

jmoak3 4y ago

Follow up: https://www.cftc.gov/PressRoom/PressReleases/8369-21 https://www.cftc.gov/PressRoom/PressReleases/8369-21

Asparagirl 4y ago

That mob is not so metaphorical... "Do Kwon, the founder of the cryptocurrency Luna and the stablecoin TerraUSD, has reportedly been in contact with police after a possible investor in the coin “trespassed” at his home, according to a new report from South Korea’s largest newspaper, The Chosun Ilbo. Crypto News reports the investor lost roughly $1.56 million in the collapse of Luna, a claim Gizmodo could not independently verify. An unnamed man rang the doorbell to Kwon’s apartment around 6:23 p.m. local time Thursday night, according to Chosun, and Kwon’s wife answered the door. The man reportedly asked something like, “Is your husband home?” and then proceeded to run off... The unnamed man who arrived at Kwon’s home faces a charge of trespassing because he allegedly entered the apartment complex by slipping through a gap in the apartment building’s common door, according to Chosun. CCTV footage from the incident and surrounding area is reportedly being reviewed..." https://gizmodo.com/luna-price-do-kwon-police-south-korea-home-apartment-bi-1848921120 https://gizmodo.com/luna-price-do-kwon-police-south-korea-ho... See also: the Mt. Gox protestors who staked out the company's headquarters in Tokyo, almost a decade ago: https://www.theverge.com/2014/2/19/5425220/protest-at-mt-gox-bitcoin-exchange-in-tokyo https://www.theverge.com/2014/2/19/5425220/protest-at-mt-gox...

jqpabc123 4y ago

I recommend caution to crypto engineers Fraud is everywhere in crypto but it has very little to do with *crypto engineers*. In other words, lots of *engineers* are bedazzled by blockchain but this isn't the source or the cause of most of the fraud. Blockchain is just an accounting system. As this example shows, there are lots of way to commit fraud outside of forging the books.