FTX US’s wallets appear to be hacked, $600M leaving the exchange

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by croes on Saturday November 12, 2022 @02:07AM (#33570812)

So bank regulation worked in 2008, is was just a human failure?

Communism works, it's just human failures?

The measure of whether something works is whether it prevents human failure.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by dmichulke on Saturday November 12, 2022 @02:55AM (#33571060)

You forgot:

Regulation works but it was just human failure:

https://en.wikipedia.org/wiki/MF_Global

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by hestefisk on Saturday November 12, 2022 @03:08AM (#33571130)

Socialism to some extent has been successful in some countries. Sweden is a good example.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by vinay427 on Saturday November 12, 2022 @03:59AM (#33571388)

I agree with your statement, perhaps with a very loose sense of “socialism to some extent”.

However, socialism is not communism, which is what the GP comment mentioned.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by BlueTemplar on Saturday November 12, 2022 @05:20PM (#33577737)

No it isn't. Pretty sure that they have a lot of private entities owning the means of production in a free(ish) market, and not mostly the government ?

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by pksebben on Saturday November 12, 2022 @04:08AM (#33571429)

We had gotten rid of bank regulation, which caused 2008.

https://www.federalreservehistory.org/essays/glass-steagall-....

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by croes on Sunday November 13, 2022 @12:36PM (#33585231)

Pretty US centric view.

Banks in other countries were affected too, despite regulations.

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