Read article from REKT - Abracadabra - https://rekt.news/abracadabra
Abra was launched back in 2015 as a "Bitcoin remittance app" (honey trap) and end up in a shitcoin company rugpulling people's money.
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0 sats \ 0 replies \ @BlokchainB 5h
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0 sats \ 0 replies \ @mo 8h
Like magic, for those that do not want to understand. Otherwise, just another history loop, we know how it will end up.
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0 sats \ 0 replies \ @028559d218 8h
Why not just self-custody and STFU? Why is it always about yield on 'tokens'???
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0 sats \ 0 replies \ @Scoresby 9h
Pretty bad. There are so many people out there who just don't seem to realize that they need to try to do some research before throwing their money at something. Promises of yield...
At least in the US, I can see this dynamic existing because normal brokers and banks are so heavily regulated, most consumers have learned they don't need to do any research into whether their brokerage or bank or whatever financial service is going to be a direct scam.
But for people abroad, I'm surprised there isn't a stronger culture of don't trust.
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0 sats \ 1 reply \ @Undisciplined 9h
That sucks.
Remittances are such a great use case for bitcoin but the people who need it are also quite vulnerable.
Is there a reason for a service to even exist, beyond normal wallets?
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0 sats \ 0 replies \ @mo 8h
No it does not sucks, people using such platforms sucks much more... how could one still use a third party to remit bitcoin? Such losers. Then they go crying for help in forums and courts. Pathetic.
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