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by whyoh 1297 days ago
>The GP does have a point though.

No. What happened at the company FTX has nothing to do with blockchain and smart contracts. It could have been an online exchange for euros or dollars or Pokemon cards. Violating the ToS and stealing users' funds is a crime.

1 comments

There's plenty of people in here who think that the investors "deserved it" because they traded cryptocurrency. They have such a hatred for it that they would be glad to let these criminals get off scot-free, just to spite those who invested in crypto and lost it in a scam. There's no discussion to be had there. It should be obvious that FTX operated as a traditional centralized financial institution that happened to trade primarily crypto and therefore should have been subject to regulations, but no. Crypto bad, therefore props to the scammers.

Insanity.