(krebsonsecurity.com)

110 points mikhael | 1 comments | 30 Aug 25 22:24 UTC | HN request time: 0.209s | source

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Nextgrid ◴[31 Aug 25 00:19 UTC] No.45079198[source]▶

Mandatory reminder that YC itself has funded and is promoting (https://www.ycombinator.com/companies/yotta) a company that not only lost people's "savings" (despite misleading promises of FDIC insurance - which didn't actually cover their predictable failure mode: https://www.cnbc.com/2024/06/21/synapse-collapse-nearly-109m...) but is now operating an outright gambling scheme that is typically seen in unregulated Eastern-European casinos: https://members.withyotta.com/moonshot/.

kmnc ◴[31 Aug 25 00:56 UTC] No.45079386[source]▶

YC is a scam mill, always has been. Every now and then one of those scams turns into a real business. It’s an effective model.

replies(1): >>45079742 #

1. back2dafucha ◴[31 Aug 25 02:14 UTC] No.45079742[source]▶

This mentality is why I refuse to work in Silicon Valley. You can fool some of the people all of the time.

But with Fake AI - tech has finally found its "waterloo". I wont feel a damn bit sorry for any of these people when it blows.

Affiliates flock to scam gambling machine