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A comment on Hindenburg Research Outs Block Inc as Fraud. Parent comment

Re:Hindenburg Research Outs Block Inc as Fraud by hoofhearted on Thursday March 23, 2023 @09:54AM (#35274842)
You’re minimizing major fraud being committed by juveniles, and it’s easy money for them lol.
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Re:Hindenburg Research Outs Block Inc as Fraud by lotsofpulp on Thursday March 23, 2023 @11:05AM (#35275942)
It is not fraud, it is theft.

It has nothing to do with Cash app. It could just as well be Zelle, or PayPal, or Venmo, or physical cash.

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Re:Hindenburg Research Outs Block Inc as Fraud by starkparker on Thursday March 23, 2023 @11:25AM (#35276294)
Zelle, PayPal, and Venmo have more in place to trace or recover illegal transactions, or at least to make creating and deleting accounts to move illegally acquired money more difficult.

The link's whole thesis is that Cash App doesn't really care, which is why criminals prefer it. Being so radically frictionless for the underbanked also facilitates scams, including those that distinguish between theft and fraud.

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