Crypto.com Preliminary Audit Shows 20% of Its Assets Are in Shiba Inu Coin

Re:Crypto.com Preliminary Audit Shows 20% of Its Assets Are ... by idiotsecant on Friday November 11, 2022 @05:39PM (#33567817)

Not your keys not your coins. Everyone losing their shirts trusting these organization is, frankly, getting what they deserve. Crypto is the wild west still and there is a minimum barrier to entry which is knowing how to hold your own assets.

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Re:Crypto.com Preliminary Audit Shows 20% of Its Assets Are ... by smt88 on Friday November 11, 2022 @08:52PM (#33569203)

One of my neighbors bankrupted himself by putting all his money into crypto.

It's fun to laugh at the suckers, but the rest of us end up paying their bills when they can't.

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Re:Crypto.com Preliminary Audit Shows 20% of Its Assets Are ... by killingtime74 on Saturday November 12, 2022 @04:42AM (#33571612)

Privatized gains socialized losses. The capitalist way

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Re:Crypto.com Preliminary Audit Shows 20% of Its Assets Are ... by idiotsecant on Sunday November 13, 2022 @04:02PM (#33587314)

I don't think you understood my post. This isn't cheap schadenfreude at someone losing money, it's a technical point. If you own your own keys you don't care which exchange goes bust, because you are your own exchange. If you're looking for someone to point and laugh you're replying to the wrong post.

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Re:Crypto.com Preliminary Audit Shows 20% of Its Assets Are ... by dereg on Friday November 11, 2022 @09:50PM (#33569492)

Do you understand what is going on here? It means that 20% of their deposit base has purchased SHIB coin.

It is not about crypto.com going kaput.

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Re:Crypto.com Preliminary Audit Shows 20% of Its Assets Are ... by themihai on Saturday November 12, 2022 @12:33PM (#33575181)

>> It is not about crypto.com going kaput.

It looks like you don't understand what means to give your money to a 3rd party.

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