Theft is a crime regardless of what is being stolen, so is fraud. No need for re... | Hacker News

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		djbebs on Dec 1, 2022 \| parent \| context \| favorite \| on: FTX’s collapse was a crime, not an accident Theft is a crime regardless of what is being stolen, so is fraud. No need for regulation to deal with this.

scoofy on Dec 1, 2022 [–]

Umm, what? We have regulations all over the place to make fraud more difficult. Literally independent auditing is the biggest example. “Trust me” is generally considered insufficient when the cost of the theft is billions of dollars.

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