melkipersr t1_j23o1cn wrote
Reply to comment by thatfreshjive in FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention by cloud_coder
One of the selling points of crypto has been its unregulated nature. FTX was based in the Bahamas for a reason. All of FTX’s investors knew that they were investing in an unregulated space — that was a good thing, as far as they were concerned … until it wasn’t.
I don’t see it as a failure of regulation so much as a plea for it.
thatfreshjive t1_j261ik3 wrote
That sounds like a distinction without a difference - is there another way a regulatory agency pleas for help? Failure + capture are the plea.
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