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Re:Washington Needs a Crypto Rethink by notwokeno on Friday December 23, 2022 @03:00AM (#34103362)
FTX was really obvious. I saw it before and lumped it in with the half dozen other scams I see every time I mess with crypto. The people scammed fall into two categories:

1) People who shouldn't have been using crypto at all because they can't handle it.

2) People deliberately misusing other people's money who did actually know better.

I think a large amount of the stolen funds fall into the second category.

Re:Washington Needs a Crypto Rethink by lordnacho on Friday December 23, 2022 @03:57AM (#34103697)
Why was it so obvious? Loads of institutions had their money there, what did they not notice that you saw?
Re:Washington Needs a Crypto Rethink by notwokeno on Friday December 23, 2022 @04:13AM (#34103800)
See my other comment. Their token was a scam and failed the standard test that tells you if a token is a scam.