Financial Self-Defense: Techniques for Outsmarting Scammers
The Stacking Benjamins Show
00:00
The Unregulated Nature of Cryptocurrencies
FTX was performing a lot of functions, you know, at once in finance that are often separated between other companies because crypto is unregulated. They basically said if you gave us your money, we will hold onto it and we won't put it elsewhere. And then literally they did put it in other places. It's not just things were locked up by liquid. There were losses. Many elements to the unregulated nature of cryptocurrency companies that I think lend themselves very easily to frauds like ridiculous over claims of the returns you're going to receive.
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