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And I thought MtGox was bad. I don't want to victim blame, and I certainly feel terrible for these people, as I have been a victim of scams myself. But jeebus,
by vinhboy 12y ago
And I thought MtGox was bad.
I don't want to victim blame, and I certainly feel terrible for these people, as I have been a victim of scams myself. But jeebus, I do more research into buying an iPhone case than these people did for wiring money to a foreign country.
- pmorici 12y ago"I thought MtGox was bad." For context this is roughly 2 - 3x bigger than the Mt Gox loss of 850k Bitcoins. At the same time it isn't as bad as the MF Global fraud that cost investors 1.6 billion.
- Cthulhu_ 12y agoTBH MtGox, I believe, started out with good intentions but eventually failed due to poor software and automated buy orders to drive up the price to attract new investors. This sounds like it was an intentional scam from day 1.