Re:Sam Bankman-Fried sentenced to 25 years in prison
by javier2 on Saturday March 30, 2024 @08:09PM
(#39879950)
Not that I would lose sleep in anger over my missing ETH (I was not hit by this, I did not have anything touching FTX), but I think your take is a little unreasonable when FTX clearly acted in a way that is directly illegal to do as a financial institution. I don't keep my life savings in crypto either, too risky, but still.
Re:Sam Bankman-Fried sentenced to 25 years in prison
by aurareturn on Sunday March 31, 2024 @04:10AM
(#39882404)
Crypto has been largely unregulated. People who gamble with crypto should know that.
In fact, the same crypto bros argue that they should NOT be regulated.
I don't want to rub on your wound but you need to take some responsibility as well. You knew crypto was risky. You knew many exchanges have scammed and went under, taking their customer's funds with them. It's arguable that every crypto exchange is shady and it's inevitable that every single one them will fall.
You should also blame the laws because exchanges and most crypto are clearly securities. But our law makers have been slow to respond and have probably been paid off by crypto money.