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A comment on IRS Files $44B Claims Against Bankrupt FTX. Parent comment

Re:IRS Files $44B Claims Against Bankrupt FTX by dragonwriter on Thursday May 11, 2023 @06:33PM (#35909250)
> It’s a crypto issue. You can figure that out by restating their advertising/business model using ‘cash’ instead of crypto

Yeah, I think it falls down pretty quickly; if nowhere sooner, then at the point where “We issue our own cryptocurrency” turns into “We issue our own cash”.

[ Parent | on HN ]
Re:IRS Files $44B Claims Against Bankrupt FTX by lazide on Thursday May 11, 2023 @09:00PM (#35910525)
It’s called counterfeiting or ‘chuck-e-cheese tokens’ or ‘issue our own stock’.

All point out the same issue, as both have various regulatory precedents and/or obvious real life issues.

[ Parent | on HN ]