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Because this is crypto it gets the eyeballs but really this is just a successful phish. If it was "Wells Fargo users get accounts drained by targeted attack" it wouldn't get 25% of the views.

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Well also Wells Fargo can usually reverse or refund the money. If you lose money in Crypro land I don't think you're getting it back.

Really? I could be wrong, but I feel like it would be all over the news if Wells Fargo lost $1.2mil. Do you have examples of it happening and not getting press?

I wonder if they would even disclose losing 1,2 million or just hide it...

In that case, luckily we have the CFPB to get to the bottom of it.

Maybe just hide it by silently making everyone whole?

If someone from the project wants to do that I don't think anyone will complain?

Surely banks lose the same way tons of money for calling scams everywhere, it was good old phising scam + nft insanity greed. Often the call scams at least where I live make old people to wire their money because they think they talk with a banking clerk. In this case young people thought they were talking with some sort of nft/crypto influencer I guess.

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