Between this and the Justin Sun news yesterday is this some kind of crypto crackdown?
Yes. Add to your list the seizure of Signature Bank, and this week’s rumors of Operation Choke Point 2.0 focused on keeping commercial banks out of crypto
Do Kwon arrested in Montenegro: Interior Minister
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Re: Do Kwon arrested in Montenegro: Interior Minister
#42Earlier quoted context omitted.
Have you ever been in a jail cell? Almost every day in the US you see someone who decides to go out with guns blazing rather than go back.
This sounds like Hollywood reality for white collar. Here is actual reality: > "Hey Do, I just want to let you know, jail is not that bad," Shkreli said. "So don't fret – I hope it doesn't happen. If it does happen ... it's not that bad." - Martin Shkreli https://www.coindesk.com/business/2022/11/08/pharma-bro-mart...
The general rule of thumb, is that, if it's nonviolent, and less than ten years, it's Camp Cupcake (minimum security -no walls).
If it's over a decade, or violent/escape risk, then it's Leavenworth.
I've known folks that have done both.
Re: Do Kwon arrested in Montenegro: Interior Minister
#43He is probably better off getting caught and get his sentence over with than to live watching his back betting a country won’t turn him in for decades
Have you ever been in a jail cell? Almost every day in the US you see someone who decides to go out with guns blazing rather than go back.
> Have you ever been in a jail cell? Almost every day in the US you see someone who decides to go out with guns blazing rather than go back.
... what? Who are these people going out in a blaze of glory rather than returning to prison?
Considering there are millions of ex-cons, many who will be repeat offenders, we should be seeing many more of these people going out "guns blazing" rather than returning to prison, yeah? Or did you pull this fun fact from a viewing of The Town?
Re: Do Kwon arrested in Montenegro: Interior Minister
#44Between this and the Justin Sun news yesterday is this some kind of crypto crackdown?
Justin Sun and Do Kwon are [edit for clarity: among] the worst of the space, so IMO, this represents a crackdown on scammers not on the ecosystem. Everyone should like this, even me :)
As someone working in the space since 2014, there is a much longer list. DYOR.
Re: Do Kwon arrested in Montenegro: Interior Minister
#45[dead]
Re: Do Kwon arrested in Montenegro: Interior Minister
#46Earlier quoted context omitted.
Justin Sun and Do Kwon are [edit for clarity: among] the worst of the space, so IMO, this represents a crackdown on scammers not on the ecosystem. Everyone should like this, even me :)
As someone working in the space since 2014, there is a much longer list. DYOR.
lol, trust me, I've been following very closely too since about 2017. I think these folks are S tier. Not that there's not a ton more. It's hard to point to someone who did more damage to the space than Kwon in terms of sheer notional value and confidence destruction. I mostly follow this space for the drama and crime so I'm pretty up to date on the, er, personalities involved.
Re: Do Kwon arrested in Montenegro: Interior Minister
#47Earlier quoted context omitted.
Have you ever been in a jail cell? Almost every day in the US you see someone who decides to go out with guns blazing rather than go back.
> Have you ever been in a jail cell? Almost every day in the US you see someone who decides to go out with guns blazing rather than go back. ... what? Who are these people going out in a blaze of glory rather than returning to prison? Considering there are millions of ex-cons, many who will be repeat offenders, we should be seeing many more of these people going out "guns blazing" rather than returning to prison, yea…
google 'felon warrant fires police'
I'm honestly shocked I'm forced to even cite that this happens. Although I suppose if someone has lived in America and made it to adulthood without acknowledging the stories they aren't going to be convinced.
Re: Do Kwon arrested in Montenegro: Interior Minister
#48Between this and the Justin Sun news yesterday is this some kind of crypto crackdown?
Justin Sun and Do Kwon are [edit for clarity: among] the worst of the space, so IMO, this represents a crackdown on scammers not on the ecosystem. Everyone should like this, even me :)
> Justin Sun and Do Kwon are the worst of the space...
Among the worst, I would say; the other three top spots go to Sam Bankman Fried of FTX, Changpeng Zhao of Binance, and whatever specter is running Tether.
Re: Do Kwon arrested in Montenegro: Interior Minister
#49Between this and the Justin Sun news yesterday is this some kind of crypto crackdown?
Yes. Add to your list the seizure of Signature Bank, and this week’s rumors of Operation Choke Point 2.0 focused on keeping commercial banks out of crypto
Boggles the mind that people are actually taking people like Nic Carter and Barney Frank at face value (that latter one is particularly egregious considering he's literally a former director of the bank) when they say that the FDIC seized a bank with $110 billion in holdings solely to target $4 billion in crypto. Believe it or not, the Fed doesn't care enough about crypto to start a regional banking crisis and blow up hundreds of billions of dollars.
Re: Do Kwon arrested in Montenegro: Interior Minister
#50Between this and the Justin Sun news yesterday is this some kind of crypto crackdown?
He was arrested using a fake passport (or some other falsified document) in an airport. Sounds like the timing was just coincidental.