this post was submitted on 05 Jun 2025
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The largest cryptocurrency money-laundering ring (media.hachyderm.io)
submitted 2 days ago* (last edited 2 days ago) by daniel_callahan@jlai.lu to c/technology@lemmy.world
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[–] LandedGentry@lemmy.zip 15 points 2 days ago* (last edited 2 days ago) (3 children)

Literally my only financial regret is not shorting his bullshit meme coin when it first surged, because I couldn’t figure out how to get everything in place fast enough.

[–] Geometrinen_Gepardi@sopuli.xyz 8 points 2 days ago* (last edited 2 days ago) (3 children)

You can borrow crypto these days?

[–] LandedGentry@lemmy.zip 7 points 2 days ago (1 children)

Like I said, I couldn’t figure it out. I’m sure there are some less than reputable sites where it’s as risky to do a short as it is to put your money in the platform lol

Now that I think about it I probably could have found some sort of gambling site that did the equivalent. “Pays out X if Trump’s griftcoin dips below Y by [date].”

[–] sturlabragason@lemmy.world 3 points 1 day ago* (last edited 1 day ago)

Its easy but risky

Liqudates your assets (on kraken) if the leverage crosses a threshold

Just use the (free) kraken pro site

Long short etc

Read their docs

[–] athairmor@lemmy.world 4 points 2 days ago

Looks like the big crypto exchanges allow you to borrow/short sell.

There are crypto companies that are publicly traded as well as crypto ETFs. You could short sell those.

Personally,I wouldn’t risk it with how crazy crypto is. It’s seems way too easy to manipulate.

[–] InternetCitizen2@lemmy.world 4 points 2 days ago

Exchanges typically do this. Ironically its also harmful to the libertarian side if the movement. Keeps the coins use as speculation rather than currency, centralized since you are using a broker, and bonus is that it defeats anonymity as most brokers need to follow kyc laws.

Tho the real harm is the free market itself. No one cares about moving to it and the rampant scams deter mass adoption (even if people wanted). Neat microcosm of libertarian ideals.

[–] sturlabragason@lemmy.world 1 points 1 day ago (1 children)

Seems you could have done that when you wrote this comment based on this nights news.. bad luck mate