Wow - the SEC has reportedly been interviewing TFL employees remotely, and they have received documents confirming that in the months leading up to the collapse, over $80m per month was cashed out from company funds into dozens of crypto wallets. https://n.news.naver.com/mnews/article/088/0000761820?sid=101 …
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The SEC knows about the unsold BTC (billions worth) have to make sure Any dodgy country Do Kwon goes to their dodgy government is aware of his holdings. Thank god he did this on the most traceable ledger known to man.
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Wow. Profit taking is criminal. I hope wall st doesn't hear about it or they might shorting the equity markets.
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You think ust holders will be made whole? Bc of misleading & labeling ust as a stablecoin.
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Only some, and only if people who profited off the crash and the coins are made to pay up.
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Curious - with you having basically lead the in-depth research&audits of this story + protocol: what's an ideal outcome from this? In terms of reconciliation for users/retail, regulatory impacts, industry-wide reporting/whistle-blowing, etc. Thanks & (we) appreciate you!
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In a nutshell... - We need a *lot* more transparency from crypto leadership - The community should be more proactive when calling out wrongdoings so we can self-regulate - The government should make swift arrests when high-level fraud takes place - but otherwise, step away
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