The 2020 numbered accounts are cryptowallets with StablecoinsOnce again the benefits of numbered bank accounts are proven in their absence.
The 2020 numbered accounts are cryptowallets with Stablecoins
Numbered account? That still exists ?Or just a Bank Frick numbered account will do. Stablecoin fraud is very real .
Wowabsolutely they do
My next question is because I have amassed an ungodly amount of stablecoins in several non-custodial wallets in the last few years, especially the last +18 months.Stablecoin fraud is very real
Search in PACER or similar “Deltec”My next question is because I have amassed an ungodly amount of stablecoins in several non-custodial wallets in the last few years, especially the last +18 months.
What do you mean by "stablecoin fraud is very real"? What or where am I exposed to fraud?
Thanks
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Just finished reading PACER. Damnnnn.... This was a honeypot of Deltec at Mitsubishi UFJ Trust and Banking Corporation.Search in PACER or similar “Deltec”
The case goes beyond what you read and it involves FTX etc. But I can’t say moreJust finished reading PACER. Damnnnn.... This was a honeypot of Deltec at Mitsubishi UFJ Trust and Banking Corporation.
OK! Got it! Lesson learned. No trusted third parties ever.
Nobody will steal your USDT, but you might wake up one day and find that they are worth zero. Nil. Nada. You are essentially trusting an obscure galaxy of offshore companies and a Banana bank operating from a bungalow (plus their recently acquired other offices). Better to convert everything into btc and use stablecoins only when needed.Now, in my case, when I say me personally, I mean creating a USDt address on a non-custodial wallet e.g. Exodus, and having my client pay at that address. Only my client knows that address and he doesn't really know if that address belongs to me. I could just as easily given him the address of a supplier that a supplier in China gave me which I have done in the past. Assuming that the address given to me is my supplier's address and not of his supplier etc.
How am I here, with my newly created USDt address subject or exposed to fraud?
PS. I'm asking this to learn before I have to learn this tragedy by pissing on the proverbial electric fence myself
Yes! Thank you! I'll swap excess stablecoins for BTC. I'm already playing with "casino money", so if the leftover stablecoins go to zero...oh well... at least I have the BTCs.Better to convert everything into btc and use stablecoins only when needed.