News for hackers. Stuff that matters.

A comment on South African Brothers Vanish, and So Does $3.6B in Bitcoin Exit Scam. Parent comment

Re:South African Brothers Vanish, and So Does $3.6B in Bitco... by hectormalot on Wednesday June 23, 2021 @03:44PM (#27609122)
Wirecard :)

But you’re right. Mostly the normal banks and exchanges are regulated and incidence of fraud is low. A lot of that regulation is “lessons from past failures”, which crypto hasn’t had yet.

[ Parent | on HN ]
Re:South African Brothers Vanish, and So Does $3.6B in Bitco... by NicoJuicy on Wednesday June 23, 2021 @04:30PM (#27609895)
Wirecard wasn't a bank/exchange either. But a payment processor. It was fraudulent though.
[ Parent | on HN ]
Re:South African Brothers Vanish, and So Does $3.6B in Bitco... by NovemberWhiskey on Wednesday June 23, 2021 @07:48PM (#27612084)
Did any customers actually lose money over the Wirecard thing, or was it just the shareholders and lenders that lost out? I couldn't immediately find anything about customer losses.
[ Parent | on HN ]
Re:South African Brothers Vanish, and So Does $3.6B in Bitco... by NicoJuicy on Thursday June 24, 2021 @07:35AM (#27616167)
As far as I know, they weren't any customer losses.
[ Parent | on HN ]