News for hackers. Stuff that matters.
Re:Coinbase Announces 18% Layoffs by graeme on Tuesday June 14, 2022 @08:48AM (#31738576)
He described defi yields as a literal ponzi. Sam Bankman Fried’s business is charging commissions to people in the ponzi and trading against them and he does a good job of that.

As an aside, for those who like names as destiny, SBF’s is epic

I.e. Bernie Madoff made off with their money

Nuke Goldstein of Celsius nuked depositors money

You get:

Scam-Bankman Fried

Or also Sam Bank-Man Fried (if they go bust)

This sort of naming thing is more common than you’d think in frauds anyway and if you are placing your money with someone who could chuckle to themselves “hehe I made-off with their money” it is a material risk

Re:Coinbase Announces 18% Layoffs by lordgrenville on Tuesday June 14, 2022 @09:43AM (#31739383)
Re:Coinbase Announces 18% Layoffs by bko on Tuesday June 14, 2022 @08:57AM (#31738705)
I want an exchange to be neutral. I don't want them to pick and choose the products I'm allowed to trade. Outright fraud should be avoided, but if someone wants to buy a shitcoin, they should be allowed to do so.
Re:Coinbase Announces 18% Layoffs by Melting_Harps on Tuesday June 14, 2022 @09:06AM (#31738823)
> I want an exchange to be neutral. I don't want them to pick and choose the products I'm allowed to trade. Outright fraud should be avoided, but if someone wants to buy a shitcoin, they should be allowed to do so.

BTC-e was the closest thing to that, and the FBI shut them down outside of their jurisdiction (RU).

To this day they were the only exchange trying to make people whole after the seizure, everyone else just exit scammed or has had their funds tied up in an asset seizure (MT gox via the Japanese Government).