[int32_64]

Didn't many of the FTX cronies come from Jane Street?

So many of the biggest fraudsters in crypto came from tradfi and their scams were discovered because they picked the one asset class where being unable to process withdrawals implies a 100% chance of fraud. It makes you wonder how much fraud occurs in tradfi but it goes undiscovered because nobody can self-custody their paper metals or paper stocks.

[mcmcmc]

Jane Street was also banned from trading in India because they couldn’t stop manipulating the market

[bb88]

What do you want? Regulated or unregulated securities?

You can't invest in unregulated FTX and then whine when they went and lost all your money -- (not ai emdash) because it was -- wait for it -- UNREGULATED!

[StopDisinfo910]

That's not how this works. Unregulated markets are not a free for all. Law still apply in the absence of a regulator.

Also, unrelated minor pet peeve, but what's the deal with the "not ai emdash"? You can just use dash or comma, you know.

[bb88]

I personally like the emdash -- I've been using for years -- I'm not an AI -- And I will continue to use it in the future with the "(not ai)" annotation. I will fight for the freedom -- for me and for others -- to use the emdash however I please.

I thought "Code is Law". So now crypto bros want to fight this out in TradLaw just like the TradFi institutions do?

[rvz]

> It makes you wonder how much fraud occurs in tradfi but it goes undiscovered because nobody can self-custody their paper metals or paper stocks.

Better not mention the FinCEN files either. [0] Where over $100B to $2TN dollars worth of illicit transations from criminals and fraudsters were knowingly allowed by banks and even ponzi schemes were freely allowed as well [1].

[0] https://www.icij.org/investigations/fincen-files/global-bank...

[1] https://www.bbc.co.uk/news/uk-54225572