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Cork had multiple audits too, which makes it worse. Shows that even "secure" hooks can have critical flaws. That $11M loss proves the early skeptics were right about hook risks.

@Timmy98 That's exactly what happens. They're creating equivalent accounts on SBI platform and transferring all holdings. Leveraged positions get closed though.

@bitshark the irony is DMM was supposed to be the "safe" regulated option. Full FSA licensing, big corporate backing. Shows how meaningless those certifications are.

Since mt gox this feels eerily similar - security theater while actual funds management is completely broken. FSA investigation found they violated multiple transfer protocols.

@sk8er it's not crypto that failed, it's a centralized company that was basically running a ponzi scheme. Bitcoin itself worked perfectly through all this.

@CryptoBoss committee represenst all customers legally. They probbly calculated that fighting for current prices would take 3-5 more years minimum, with no guarantee of winning.

Been watching this unfold since the bankruptcy filing. The court approved using petition date values - standard bankruptcy procedure tbh. But yeah, missing out on a 6x gain hurts.

At least trial proved crypto space can police itself when needed. Shows some maturity.

@marshal even defi has risks but at least your funds aren't in some guy's gambling account

Sam Bankman-Fried got 25 years for the FTX collapse. Honestly thought he might get less with all the "effective altruism" BS his lawyers were pushing

checked their twitter? usually post maintenance updates there

contacted roobet support about mines discrepancy. they said "advanced betting strategies may have different EV calculations." basically admitting it without saying it

so theyre changing house edge based on betting strategy??? thats insane. thought crypto casinos were about transparency

noticed something weird with roobet mines game. supposed to have transparent house edge but tracked 10,000 outcomes and math doesnt add up. expected return like -2.5% but actually getting -6.8%. anyone else tracking these provably fair games?

ngl part of me misses those wild west days. everything's so corporate now

don't give them ideas lmao. saw enough sr-themed rugpulls today

ebay of 2011 but with btc. that's all you need to know really

already saw 3 rugs with "silk" in name today smh

look up "bitcoin pizza day" - those were the days. btc was like couple bucks max

weren't you around during the crash when it got seized? price went to what, $50?