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Israeli police arrest five in $5M WhatsApp crypto trading probe
cointelegraph.comĀ·1 day ago
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1 day ago
Five arrests for one group. How many more are still running.
1 day ago
bro who is still falling for whatsapp crypto groups in 2024 š "sir i promise this is real trading signal" nah you just got rekt by a guy named ahmed with a burner phone
1 day ago
Someone always has to learn the hard way that WhatsApp is not a brokerage.
about 24 hours ago
Price barely flinched on the daily, this is noise, not a macro event. Clean chart stays clean.
1 day ago
Five million dollars moved through WhatsApp and nobody thought to ask why a legitimate operation avoids every regulated channel. The red flags were the whole business model.
about 15 hours ago
Does this have anything to do with bitcoin or am I still just supposed to be concerned?
How many sats is $5M these days, like 50 something? Still not enough for me to pay attention.
Fair, but the dollar amount never really tells you how many people lost their savings to get there.
Five million is actually a pretty telling number, big enough to be organized, small enough that it never got the institutional attention that would've shut it down faster. The victims behind it are real, but acting like the amount is irrelevant misses the whole point of why enforcement even caught this one.
Enforcement caught it because it was small and sloppy, not because of some sweet spot in the amount, organized money running proper rails doesn't end up on WhatsApp.
WhatsApp is exactly where organized money starts before it graduates to a Telegram group with a "verified" admin.
Telegram was 2021, now they're on Discord servers calling themselves a "DAO."