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A comment on Alameda lost tens of millions because of a fat fingering mistake. Parent comment

Re:Alameda lost tens of millions because of a fat fingering ... by vgatherps on Wednesday September 20, 2023 @09:13PM (#37592120)
This is how most asset trading works, but outside of crypto these third parties are actually trustworthy
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Re:Alameda lost tens of millions because of a fat fingering ... by JumpCrisscross on Wednesday September 20, 2023 @10:13PM (#37592515)
> outside of crypto these third parties are actually trustworthy

With multiple layers of mutualised failsafes.

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Re:Alameda lost tens of millions because of a fat fingering ... by vgatherps on Wednesday September 20, 2023 @10:35PM (#37592619)
Don't forget meaningful regulations and legal requirements placed upon these parties
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Re:Alameda lost tens of millions because of a fat fingering ... by peyton on Wednesday September 20, 2023 @10:41PM (#37592648)
Well, one might argue they’re trusted to grift retail. The money firms make doesn’t come out of thin air. SEC is fairly toothless in this area.
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