So now that it looks like that abracadabra may be a front for drug money laundering, given the real backers behind it, behind Daniele and Omar aka Michael (source: https://www.reddit.com/r/CryptoCurrency/comments/se2dcj/danielle_sestagalli_wonderland_is_connected_to/ - supposedly the backers are from Tether/Bitfiniex and a convinced drug money launderer, mafia), do we finally see that if we don’t want Anchor and anyone connected to it to be sued and regulated (outlawed or criminalized potentially even) into oblivion, we need some basic controls and ToS/AUP? Just like for every single thing on the Internet that has ever lasted.
This is what I proposed on this. I still think that’s a sound community proposal on which to build on.
Hopefully TFL and it’s principals are not in bed too deep with the abracadabra bunch of crooks, criminals and felons. There’s a real chance they may be subject to some government criminal investigations now, I suspect, given how much Anchor was used unchecked by abracadabra, the sums involved, and the potential mixing of clean with dirty money there - while brand new UST were minted.
Now that it’s out in the open it’s outright irresponsible, IMO, for Anchor to keep allowing this tainted MIM associated money remain on Anchor. There should be, IMO, emergency action taken to get it off Anchor at once. Clean house, so that at least it’s a better late than never action on banning these criminals and money launderers. Reputationally also, if dirty money remains, clean money will be forced to leave in droves, due to the damaging association with the less than savory single largest Anchor depositor.