This is precisely why the outrage is so apoplectic. A threat to the establishment monopoly on a class of scams 😆
If it were a unique/weird crypto scam they’d laugh it off. The threat is that it rhymes uncomfortably precisely with establishment criminality they’re complicit in.
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2/ the #FTX set up of exchange+ hedge fund mirrored the exact problems of prop trading that played such a large role in the global financial crisis, in other words, not at all specific to #crypto
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