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A comment on FTX US’s wallets appear to be hacked, $600M leaving the exchange. Parent comment

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by YossarianFrPrez on Saturday November 12, 2022 @02:09AM (#33570825)
I'd be curious to read anyone's thoughts on what would have to happen for crypto to improve its image at this point. Would being regulated exactly like traditional banking / finance be enough? More regulation? Would it be regulation + lower rates of fraud, hacks, collapse, and abuse? Or something else I'm not thinking of?
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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by can16358p on Saturday November 12, 2022 @02:15AM (#33570853)
Transparency. Crypto has almost everything needed to be fully transparent with a public ledger but exchanges (CEXes) still operate behind closed doors.
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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by petesergeant on Saturday November 12, 2022 @02:33AM (#33570941)
It would need a legal, non-speculation use-case that isn’t much better solved by extant centralised systems
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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by winternett on Saturday November 12, 2022 @02:23AM (#33570897)
Depositor Insurance probably... But still, every single promise has been burnt in the crypto world.
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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by YossarianFrPrez on Saturday November 12, 2022 @02:27AM (#33570921)
Ooh, that's a good one. Who on earth would underwrite such a thing?
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