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Remember the Wirecard collapse, where there was a fake bank account in the Phillipines that allegedly had $2.1 billion USD in it? This is the crypto equivalent
by wumpus 4y ago
Remember the Wirecard collapse, where there was a fake bank account in the Phillipines that allegedly had $2.1 billion USD in it?
This is the crypto equivalent.
- KirillPanov 4y agoGarnished with a dash of Bernie Madoff.
- wyclif 4y agoYes, it was actually two accounts: BDO Unibank and Bank of the Philippine Islands.
- odiroot 4y agoI wonder if (some of) SEC will play the same role in this story as BaFin played in Wirecard's.
- _fat_santa 4y agoThe hole in Wirecard's balance sheet almost doesn't seem that bad when you see what kind of hole FTX has.
- everybodyknows 4y agoHas there been any attempt at reform of BaFin in the aftermath -- or has bureaucratic inertia absorbed all such impulses?