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https://onchainsummer.xyz
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Nick Rishwain
@nickjrishwain
Not sure if anyone has covered the CB hack in this group. But it is more of the reason we need @base. Regulations are responsible for the breadth of damage done by the hack. KYC makes us all vulnerable.
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Nick Rishwain
@nickjrishwain
Nearly every financial scandal has been the result of an unintended consequence of some regulation. Whether it be KYC/AML, SEC, CFTC, or otherwise. There's always a weakness in the regs that sets up the next giant fraud, hack, or financial risk.
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Ariful
@arif34
Based
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