Recently, some concerning operational patterns have emerged in the crypto space.
Several institutions and individuals have come to light: FDT, Legacy Trust (controlled by Vincent Chok), Yai Sukonthabhund of Finaport, Matthew Brittain of Aria Group, as well as Alex de Lorraine behind archblock and Truecoin.
These people seem to have fallen into the same cognitive trap—they believe stablecoin holders are all retail newbies, and no one will seriously pursue large losses. This kind of thinking is dangerous in itself.
It’s true that retail investors are limited when acting alone, but don’t forget that there’s never a shortage of determined people in the crypto world. On-chain data is transparent, and the community has an amazing memory. If something blows up, institutional investors, regulators, and even cross-border law enforcement could get involved. Treating "user decentralization" as "no one cares" just doesn’t hold up to scrutiny.
The stablecoin sector is deep and complex—be extra cautious when picking projects.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Recently, some concerning operational patterns have emerged in the crypto space.
Several institutions and individuals have come to light: FDT, Legacy Trust (controlled by Vincent Chok), Yai Sukonthabhund of Finaport, Matthew Brittain of Aria Group, as well as Alex de Lorraine behind archblock and Truecoin.
These people seem to have fallen into the same cognitive trap—they believe stablecoin holders are all retail newbies, and no one will seriously pursue large losses. This kind of thinking is dangerous in itself.
It’s true that retail investors are limited when acting alone, but don’t forget that there’s never a shortage of determined people in the crypto world. On-chain data is transparent, and the community has an amazing memory. If something blows up, institutional investors, regulators, and even cross-border law enforcement could get involved. Treating "user decentralization" as "no one cares" just doesn’t hold up to scrutiny.
The stablecoin sector is deep and complex—be extra cautious when picking projects.