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I just finished reading "Billion Dollar Whale", about Jho Low and 1MDB scam. In a nutshell, enabled by corrupt politicians and bankers, one guy and his entourag
by rich_sasha 4y ago
I just finished reading "Billion Dollar Whale", about Jho Low and 1MDB scam. In a nutshell, enabled by corrupt politicians and bankers, one guy and his entourage embezzled multiple billions (not a typo) from Malaysian budget, effectively stealing from Malaysian people.
They get eventually caught, and substantial assets are recovered - real estate, jewelry, art, luxury yachts. Not all. But in a world of fully anonymous crypto, these guys would either never get caught, or would vanish into thin air with their Ledgers, and that's that.
I used to think, haha, crypto, buy some drugs with it, but this really scared me. I'm not anti crypto, and I quite like the technology, but this kind of "mine and no one else's business" attitude terrifies me.