I think that the core scandal is massive fraud, not exchange failure. The base rate of the fraud is presumably lower (though idk the base rates—wouldn’t surprise me if in crypto the exchange failure rate was more like 30% and fraud rate was 5% − 5% failure seems crazy low)
I think that the core scandal is massive fraud, not exchange failure. The base rate of the fraud is presumably lower (though idk the base rates—wouldn’t surprise me if in crypto the exchange failure rate was more like 30% and fraud rate was 5% − 5% failure seems crazy low)