Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion

[troubled soul]

Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion

https://hindenburgresearch.com/block/
Jack dorsey philanthropy is drama.....It reminds me ageless wisdom.....Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men

 

[reallyawesome1111]

They are totally right about them facilitating an enormous amount of fraud... interestingly they didn't even mention the Bitcoin feature which is a big part of it. I think lack of ACH name matching is going to get a lot of people in trouble. But the interchange thing is bulls**t. Every fintech does that including as they mention Paypal - the Durbin Amendment was supposed to be a handout to small banks. So far no one has successfully challenged these interchange arrangements.