It's nice when people remember the Scammer Bastards, so that others can learn from (our) mistakes.
Garza and Fraser will forever be linked to crypto scams. A fate they deserve.
This quote is from some sketchy site called BW BusinessWorld but don't go there, it's not secure.
Here's an excerpt from an article called, "Trade In Cryptos: The New Digital Currency"
If the system is so decentralised, who controls how much currency is created? Decentralized cryptocurrency is produced collectively by the system that creates it, at a rate defined at the start. Do we then really need a Central Bank like the RBI or any other in any other country?
In February 2014 Mt. Gox, the world's largest bitcoin exchange, declared bankruptcy. This was later found to be money laundering, obstruction of justice, and extortion under colour of official right. Homero Josh Garza, who founded the cryptocurrency start-ups GAW Miners and ZenMiner in 2014, pleaded guilty to wire fraud in 2015. On 21st November 2017, the Tether cryptocurrency announced they were hacked, losing $31 million in USDT from their primary wallet. In May 2018, Bitcoin Gold and two other cryptocurrencies were hit by a successful 51% hashing attack by an unknown actor, in which exchanges lost estimated $18m. In June 2018, Korean exchange Coinrail, lost US$37 million worth of altcoin to hacking. There are also online black markets to contend with. Darknet markets present big challenges in regard to legality. There is no standardised way describing Bitcoin assets in different parts of the World. In the U.S., bitcoins are called "virtual assets". The ambiguous classification puts pressure on law enforcement agencies around the world.
yada yada yada.
