Gary Gensler Says Crypto Is a ‘Wild West.’ Others See Pure Capitalism — CoinDesk

 Gary Gensler Says Crypto Is a ‘Wild West.’ Others See Pure Capitalism — CoinDesk



That is happening more and more in crypto. In the Poly Network situation, the hacker may have feared being turned in to financial authorities, which seemed plausible – a point in favor of the regulatory state. But the hacker or hackers may also have been concerned about lasting reputational damage in the industry or realized that their stolen funds were blacklisted, and made unusable, by exchanges. In other words, market forces were at work.



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