BREAKING - YOUR REACTION: Bank of America accused of opening fake accounts and charging illegal junk fees. Federal regulators slam the bank for double-dipping on fees, withholding rewards, and opening fraudulent accounts. The Consumer Financial Protection Bureau orders $100M in customer payouts and $90M in penalties, while the Office of the Comptroller of the Currency imposes $60M in fines. Shades of the Wells Fargo scandal resurface. #BankOfAmerica #ScandalUnveiled
BREAKING - YOUR REACTION: Bank of America accused of opening fake accounts and charging illegal junk fees. Federal regulators slam the bank for double-dipping on fees, withholding rewards, and opening fraudulent accounts. The Consumer Financial Protection Bureau orders $100M in customer payouts and $90M in penalties, while the Office of the Comptroller of the Currency imposes $60M in fines. Shades of the Wells Fargo scandal resurface. #BankOfAmerica #ScandalUnveiled
🚨 a16z (@a16z) deposited 6,432 $MKR from wallet 0x05e to #Coinbase at $955.4 ($6.15M) 6 hrs ago.
Notably, a16z received 60K $MKR from @MakerDAO sales in 2018
and cleared out 27.84K $MKR to Genesis Trading OTC and #Coinbase between Mar and Sep 2021 at $2,742 on avg ($76.3M).
The laws are *designed* to detect and block people from accessing the financial system.
And they do exactly that. Really well. So well in fact that like 1/4th of the world's population doesn't have a basic ass bank account.
And the impact of this is horrifying.
The laws are *designed* to detect and block people from accessing the financial system.
And they do exactly that. Really well. So well in fact that like 1/4th of the world's population doesn't have a basic ass bank account.
And the impact of this is horrifying.
When it comes to financial crime, money laundering, etc. everyone goes thru a phase of thinking that the solution is knowing the identity of the account holder.
"if only we knew who moved these assets! then we would be able to catch them and stop crime!"
N O .
@pythianism@0xtuba thought these were the 3 you were referring to - Maker yes closing in and real, Lido def not at $100m to overal. DAO and def not to token (yet), Uniswap tough one to argue with no DAO / token value capture at all still
Yesterday, we received reports of people seeing unknown approval transactions in their transaction history.
It turns out that this is a new scam where scammers use so-called gas tokens to steal money when victims revoke these "fake approvals".