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A comment on What Happened at Alameda Research. Parent comment

Re:What Happened at Alameda Research by belter on Tuesday November 15, 2022 @06:48AM (#33608025)
If only these calls for regulation from the two persons in this interview, could have been heard on time. Most interestingly, and as it's obvious from the interview, regulators were watching these children playing and only poking gently.

At correct time: https://youtu.be/2ozjiX1E7ZA?t=25

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Re:What Happened at Alameda Research by bboygravity on Tuesday November 15, 2022 @07:22AM (#33608251)
May have something to do with FTX having paid off both US political sides and having close ties to SEC's chair.
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Re:What Happened at Alameda Research by coffeebeqn on Tuesday November 15, 2022 @09:00AM (#33609241)
They were trying to push through a legislation that would make most of their competitors illegal
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Re:What Happened at Alameda Research by pjc50 on Tuesday November 15, 2022 @08:14AM (#33608731)
The secret is that regulators can only have a fairly limited effect, and retrospectively. As well as the inherent jurisdiction difficulties in operating out of the Bahamas. Mind you, that's something crypto investors wanted: freedom from government!

There's a real "accountability overhang" not just in crypto but so many other things. Justice is slow and getting slower.

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Re:What Happened at Alameda Research by oldgradstudent on Tuesday November 15, 2022 @03:36PM (#33614665)
> The secret is that regulators can only have a fairly limited effect

Not in this case.

A momentary glance from a distance at the balance sheet by a semi competent bank supervisor would have noticed the fraud.

The question: do you hold your users' assets in segregated account is easily asked and easily answered with no.

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