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How would KYC have helped? They knew the customer. At the time, FTX was considered poster child of regulatory cooperation.
by Terretta 4y ago
How 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.