Etern4l Posted November 29, 2022 Share Posted November 29, 2022 I'm sure everyone has heard about the gigantic fraud operated by one astute MIT alum Samuel Bankman-Fried. This is causing severe damage to cryptocurrency space, and will likely set it back by several years. The scam is likely to eclipse Madoff's scheme. Hopefully no fellow members have been too exposed. Who knew this was coming? A boy wonder making obscene "profits" out of thin air and out of sight in the Bahamas. I guess human greed and stupidity wlll never change. People were essentially handing over their crypto to the scheme. In essence, this has nothing to do with the core crypto ideas and ecosystem per se. Not your keys, not your crypto. He might have just as well taken people's dollars, but then he wouldn't be able to just as easily capitalise on the crypto hype. Of course, the story goes even deeper if we look at the background of "SBF"'s activities , although we must be very aware of the implied forum guidelines when pursuing those fascinating angles. Of course, the people who have been closely involved in crypto are likely to be most affected. Here is a victim impact statement from a major crypto mining YouTube (the guy's dream was to build a solar-powered mining farm): @ryan @Mr. Fox @Papusan 1 "We're rushing towards a cliff, but the closer we get, the more scenic the views are." AI: Major Emerging Existential Threat To Humanity I like you, I just don't like "Likes" Link to comment Share on other sites More sharing options...
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