this post was submitted on 22 Aug 2024
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Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse (arstechnica.com)
submitted 3 months ago by Xatolos@reddthat.com to c/technology@lemmy.world
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[–] PeachMan@lemmy.world 277 points 3 months ago (8 children)

Kinda misleading or poorly written title. He was not convicted of falling for a crypto scam. He was convicted of embezzling funds from the bank, which he did while pumping them into a dumb crypto scam. It would have been illegal even if the crypto thing was NOT a scam (which is rare, I know).

[–] xavier666@lemm.ee 38 points 3 months ago (5 children)

even if the crypto thing was NOT a scam (which is rare, I know).

that comment had to hurt the crypto community hard

[–] msage@programming.dev 14 points 3 months ago

If they could read

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