Do Kwon pleads not guilty to US fraud charges in $40B crypto collapse

Re:Do Kwon pleads not guilty to US fraud charges in $40B cry... by ty6853 on Saturday January 04, 2025 @10:42PM (#42599581)

I didn't say Koreas punishment would be effectual at securing our markets either. My answer implied it is not equal to shrugging of shoulders. Your false dichotomy here is totally illogical.

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Re:Do Kwon pleads not guilty to US fraud charges in $40B cry... by gruez on Saturday January 04, 2025 @10:51PM (#42599618)

So US putting scammer in jail... "ineffectual", but South Korea doing the same is effectual? Are US prisons that much cushier that South Korean prisons?

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Re:Do Kwon pleads not guilty to US fraud charges in $40B cry... by ty6853 on Saturday January 04, 2025 @11:13PM (#42599717)

To be clear I think jailing foreign crypto scammers is ineffectual at securing US markets but more cathartic to victims than shrugging shoulders.

At the very least there seems to be little to no evidence it moves the needle.

If you asked me I'd say most effectual would be a combination of public announcements on avoiding crypto scams and a revival of banking secrecy with no kyc or AML, as that would steal massive capital from crypto markets and scammers.

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Re:Do Kwon pleads not guilty to US fraud charges in $40B cry... by x3n0ph3n3 on Saturday January 04, 2025 @10:57PM (#42599642)

No arguing OPs point, but their prisons are vastly different.

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