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"Gamblers losing money" may give people the impression that this was something other than a custodian stealing their funds.
by anonymoushn 4y ago
"Gamblers losing money" may give people the impression that this was something other than a custodian stealing their funds.
- JumpCrisscross 4y ago> "Gamblers losing money" may give people the impression that this was something other than a custodian stealing their funds Most people aren't bothered by this. It's interesting to those of us in tech and finance. But it's irrelevant to most Americans, who were protected by regulation from doing business with FTX. (Being defrauded and losing assets in hacks are well-established crypto loss modes.)
- shuckles 4y agoAmericans were not protected by regulation from doing business with FTX.us, though, and behind the scenes it seems both the entities were the same for practical purposes.
- JumpCrisscross 4y agoFair enough. I'd still wager that most Americans aren't exposed to FTX US, and those who are came in after years of warnings. I'm sure there are sympathetic victims. But there are more random victims of car robberies in San Francisco every day.