this post was submitted on 22 Aug 2024
490 points (97.5% liked)

Technology

59569 readers
4421 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L4s@lemmy.world
L3s@fry.gs
L4s@fry.gs
enu@lemmy.world
490
Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse (arstechnica.com)
submitted 3 months ago by Xatolos@reddthat.com to c/technology@lemmy.world
77 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] Shawdow194@fedia.io 36 points 3 months ago (1 children)

"Many victims will never fully recoup losses to their life savings and retirement funds, but at least we at the Department of Justice can see that Hanes is held criminally responsible for his actions."

[โ€“] teft@lemmy.world 26 points 3 months ago

I would hope most people would be made whole through FDIC insurance. That's 250k per depositor, per insured bank, for each account ownership category.