Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Vauld suspends all withdrawals, trading and deposits on the platform. Parent comment
No. In most systems, depositors are first. In America, banks don’t go bankrupt, but instead go into court-supervised FDIC receivership.
I have some sympathy for those who lost money in the first few crypto failures. At this point, it’s fools being separated from their money.
There are no comments on this comment yet.
No. In most systems, depositors are first. In America, banks don’t go bankrupt, but instead go into court-supervised FDIC receivership.
I have some sympathy for those who lost money in the first few crypto failures. At this point, it’s fools being separated from their money.