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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Friday, 23-Dec-2022 20:16:28 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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   https://nu.federati.net/url/289046 [cointelegraph com]
   
   Former #Alameda CEO confirms they illegally borrowed billions from #FTX customer deposits without their permission.
   
   Can we start to understand #Alameda and #FTX as finance-oriented scams and not just #cryptocurrency related businesses? Even regulated financial industries have this sort of behavior (I keep going back to Wells Fargo, but they aren't the only one).
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Friday, 23-Dec-2022 20:20:47 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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     Also: https://nu.federati.net/url/289047 [news bitcoin com]
     
     U.S. Congressman Warren Davidson: Self-custody #cryptocurrency wallets are an antidote to #FTX style scams, because they can't steal money / #cryptocurrencies from wallets they don't control.
     
     He's absolutely right, and that's how the exchanges are supposed to be used, but with few onramps and offramps, people tend to leave their investments in their custodial wallet (e.g., the one where the exchange controls the secret key, not the customer) where bad things can happen.