These fraud loan apps that were operating in India. How were they able to get govt docs, get their app listed, open bank account, use phone lines to extort money and simply nobody noticed ?
Importance of a strategy:
Microsoft offered to Yahoo $44.6 billion for their entire company in 2008, but Yahoo thought it wasn't enough money.
Yahoo ended up selling to Verizon for $4.83 billion in 2016.
17/In spite of being a professionally managed hedge fund, 3AC,
- Overleveraged themselves ⚠️
- Did not book profits 👎
- Were overexposed to 1 asset (Luna) ❎
- Had unrealistic market expectations👎
- Tried to time the market 🚫
We all should learn from their mistakes!
US Imposes Sanctions On Digital Currency Mixer Tornado Cash
1/ Here is a quick thread 🧵 on all you need to know about the tornado cash saga 👇
#Tornado Cash 🌪 is a virtual currency mixer that operates on the #Ethereum blockchain and facilitates anonymous transactions.
The @federalreserve has raised interest rates by another 0.75 percentage point following a similar move in June. @HeleneBraunn reports
https://t.co/LbwakBGXj8