You may have read my use of the term manipulate as cynical. In fact I meant it neutrally - that is, exchanges manipulate (or, "enable actions upon") money in the same way that computer applications manipulate data. Nothing inherently good or bad about it. Totally dependent upon the parameters.
I don't think this story "Crypto bot borrows $200M to make $3" is particularly salacious, simply because even in it's seeming extreme, it's still a fairly mundane matter of shifting figures around.
And matters of risk or custody are their own areas, for which each individual may take their own responsibility.
I don't think this story "Crypto bot borrows $200M to make $3" is particularly salacious, simply because even in it's seeming extreme, it's still a fairly mundane matter of shifting figures around.
And matters of risk or custody are their own areas, for which each individual may take their own responsibility.