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You're speaking as if gambling with other people's money was something new https://www.independent.org/publications/tir/article.asp?id=1430 https://www.independ
by WinstonSmith84 4y ago
You're speaking as if gambling with other people's money was something new
https://www.independent.org/publications/tir/article.asp?id=1430 https://www.independent.org/publications/tir/article.asp?id=...
- tsimionescu 4y agoThat's quite different, and virtually no one lost their money in that it was simply stolen by the owners of an accredited brokerage/exchange/bank, like what happened to FTX. And FTX wasn't simply gambling with other's money, they were defrauding their customers (to whom they claimed they are holding all of their money in custody) and also directly embezzling this money for their own gain (houses, publicity, illegal political investments).