Blaat1234@lemmy.worldtoTechnology@lemmy.world•Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapseEnglish
0·
3 months agoPlenty of people lost most of their retirement savings - FDIC only goes up to 250k which isn’t enough for super frugal FIRE. And definitely not enough when you get old and medical bills are crazy high in Murica.
That contradicts statements on https://arstechnica.com/tech-policy/2024/08/ex-bank-ceo-gets-24-years-after-falling-for-crypto-scam-causing-bank-collapse/
But it seems like they didn’t let it fail completely and transferred all assets and most liabilities to Dream First Bank? That would be nice for the granny with more than 250K in the account.