3 ms·
Clawback is going to be hell for all the entities he donated stolen money to. This is why KYC is so important anytime money is involved.
by nemo44x 4y ago
Clawback is going to be hell for all the entities he donated stolen money to. This is why KYC is so important anytime money is involved.
- Terretta 4y agoHow would KYC have helped? They knew the customer. At the time, FTX was considered poster child of regulatory cooperation.
- nemo44x 4y agoIt doesn’t sound like too many layers had to be peeled away to see that it was all a scam. When you’re dealing with donations that large, you need to get to the root of it. They wound have noticed they didn’t have any real accounting or auditing and knew they’d have to reject the money.
- cinema77 4y agoLol. No
- BeFlatXIII 4y agoHopefully the employees at the organizations loot the office rather than the the fancy office furniture be auctioned off to pay back the depositors.