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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 threeseed on Saturday November 12, 2022 @02:24AM (#33570903)
Banks interact with the legal system at every level.

So yes there maybe terrible human behaviour at times but very quickly it results in either (a) people being fined or going to jail or (b) laws improving to prevent it e.g. KYC/AML.

Also as someone who works at a bank there is a lot of code which governs what people can and can't do.

[ Parent | on HN ]
Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by jl2718 on Saturday November 12, 2022 @04:25PM (#33577257)
Are you suggesting that KYC/AML protects consumers from the bank?
[ Parent | on HN ]