IRS Files $44B Claims Against Bankrupt FTX

Re:IRS Files $44B Claims Against Bankrupt FTX by andrepd on Thursday May 11, 2023 @03:42PM (#35907400)

Yeah, if it hadn't imploded or he managed to exit before it did, I'm sure he would have enjoyed the money. Well it didn't go so well, tough luck for what was essentially a gamble.

I still feel bad but only in the measure that poor economic literacy contributes to people falling for these scams. That and old-fashioned greed :)

7% risk-free savings with negative interest rates... Come on.

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Re:IRS Files $44B Claims Against Bankrupt FTX by tombert on Thursday May 11, 2023 @03:48PM (#35907492)

I mentioned this in a sister comment, but in a bit of fairness to me, Gemini was claiming some degree of FDIC insurance on GUSD coins. I definitely should have read the fine print more thoroughly.

Clearly I'm not the only one who was suckered by some of this verbiage though: https://www.sec.gov/news/press-release/2023-7

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