It's good that our growing community has fully turned its back on Bernie Madoff I mean SBF. But we can't allow the many, many hands which helped him and actively participated in this scheme which ultimately had geopolitical and lasting implications to go away unpunished or unnoticed.
Take, for example, the coder who built in the Alameda exception for carte blanche credit (https://archive.ph/2022.12.13-212904/https://www.reuters.com/technology/how-secret-software-change-allowed-ftx-use-client-money-2022-12-13/), Nishad Singh. His part in all this is crucial. He could have blown the whistle, but instead, as the Reuters article details, he doubled down and improved Alameda's access to your money after the firm was deemed PMM.
Just one example, but the point is that someone among us knows this Singh asshole and is capable of keeping tabs on him as well as helping keep him from working in our industry again now and forever.
As a grassroots force for real economic justice this community should take it up on ourselves to keep these memories alive, constantly reminding each other what these people did to us. There are still villains yet to fall, look at Tether with it's 1:0.75 backing.
I'm scared that our rapid growth enables the same behaviors to repeat on loop on an increasing scale. Did anyone catch that Binance is offering Hashlets I mean "cloud mining" now? (https://archive.vn/2022.12.15-144514/https://twitter.com/binance/status/1602500604240089088?t=2Go2evVOUFdcKL3-1_T7hA&s=19)
CZ must be confident we have forgotten about Josh Garza, Paycoin, and GAW or the dozens of copycats. Grifters have a lot of stamina, let's just say that, and these scam "custodial" exchanges have yet more tricks up their sleeves.
Do the right thing and constantly spread the word. If it feels scammy it probably is.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments