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A comment on SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon. Parent comment

Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by NicoJuicy on Monday June 28, 2021 @07:32PM (#27669707)
Who were the victims with wirecard?

They faked the numbers, but they didn't manage people's money.

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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by rawtxapp on Monday June 28, 2021 @07:39PM (#27669768)
I can't tell if you're sarcastic or not. In case you're serious, you don't see how a company with a market cap of 28B$ going belly up causes damage to investors, the markets, their partners, clients and employees?
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by NicoJuicy on Tuesday June 29, 2021 @02:59AM (#27672735)
The stock going belly up is the consequence of the fraud, but not the actual fraud. Just like the other people you've mentioned.

Eg. Their clients switched payment processor.

When a btc exchange frauds or a coin hacked or a smart contract is bugged, they get away with all your money. Which is the actual fraud.

In some cases they post a postmortem on medium and call it a day.

I don't think wirecard's fraud is comparable with all the crap in crypto town.

[ Parent | on HN ]