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Did you already forget about FTX? Don't you think that this holds as a warning for other much bigger exchanges? --- To answer your comments: > No I don’t an
by colesantiago 4y ago
Did you already forget about FTX?
Don't you think that this holds as a warning for other much bigger exchanges?
---
To answer your comments:
> No I don’t and what does todays announcement have to do with FTX?
Both were operating offshore and the DOJ took action on both of them.
https://www.justice.gov/opa/pr/ftx-founder-indicted-fraud-money-laundering-and-campaign-finance-offenses https://www.justice.gov/opa/pr/ftx-founder-indicted-fraud-mo...
> while failing to protect anybody from mismanaged and systemically important exchanges.
Doesn't matter if it is big or small, an exchange is an exchange, especially one that isn't regulated or in the US.
Again, I see this as a warning, don't let the wrath of the DOJ on a small exchange fool you into thinking nothing will happen to other exchanges.
- yieldcrv 4y agoNo I don’t and what does todays announcement have to do with FTX? Aside from showing that the US government is proactive at investigating irrelevant exchanges while failing to protect anybody from mismanaged and systemically important exchanges.
- mrguyorama 4y agoAlways funny how crypto-bros espouse the joys of being free from government regulation while also whining that government regulation didn't protect them from crypto grifters.
- yieldcrv 4y agoIs that what you read? I read that people keep using mismanaged companies that happen to broker crypto assets, and then I read you conflate that with "crypto". The best analogy to me is seeing a hardhat incident at a construction company, and deciding that "buildings" are a flawed concept, along with everyone that uses them, and perhaps lumber as well. When you should just criticize the construction company.