Mass of Transactions Leaving Crypto.com Wallets

Re:Mass of Transactions Leaving Crypto.com Wallets by Hamuko on Monday November 14, 2022 @01:45AM (#33590888)

I don't really see a reason to be any more trusting in Coinbase than in FTX, since as far as most people were concerned, FTX was a completely reputable company just a month ago. Well, as reputable as crypto companies go anyways.

And now we have reports that FTX had a backdoor to "alter the company's financial records without alerting other people, including external auditors".

https://www.reuters.com/markets/currencies/exclusive-least-1...

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by julianeon on Monday November 14, 2022 @02:23AM (#33591092)

Well, for one thing, Coinbase has a board, and FTX did not. They also had no CFO. They were not “completely reputable” by any reasonable standard; it’s just that no one cared at the time.

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by CaptainZapp on Monday November 14, 2022 @04:23AM (#33591777)

> Well, for one thing, Coinbase has a board, and FTX did not.

So did Enron.

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by nibbleshifter on Monday November 14, 2022 @04:27AM (#33591800)

Just listening to the bossman of FTX in interviews and reading about him was enough to make me swerve anything he touched. Seemed like a shop of cowboys.

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by bagels on Monday November 14, 2022 @04:35AM (#33591845)

Fried?

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by nibbleshifter on Monday November 14, 2022 @04:42AM (#33591876)

Yeah, everything about him screamed "don't trust this man with your funds", and the stuff that has come out since has just reinforced that.

In many ways he reminded me of the MtGox dude.

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by nytesky on Monday November 14, 2022 @07:19AM (#33592976)

This Mt Gox dude?

https://qz.com/a-crypto-billionaire-is-joining-the-race-for-...

If he is shady, are you implying Gox was an inside job like FTX?

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by lupire on Monday November 14, 2022 @08:02AM (#33593326)

He has gotten a lot shadier since his MtGox days in thebesly days of crypto, when arguably he could have been merely ignorant.

[ Parent | on HN ]

Re:Mass of Transactions Leaving Crypto.com Wallets by api on Monday November 14, 2022 @08:13AM (#33593454)

I’ve been seeing him called “Fried Bank Man”.

[ Parent | on HN ]