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20 sats \ 3 replies \ @BlokchainB 16 Jul \ on: Stacker Saloon
Hey @Coinsreporter did you post anything about the state street options scandal and how the Indian government is demanding they deposit $500M into an escrow account?
It wasn't State Street, It was Jane Street.
And they are doing fraudulent trades for which they had been caught in 2024 , were left with warnings and little fines. But again now they are caught with fraudulent trades of around 4.3 billion for which they have already deposited $564 M in an escrow account to resume services.
It's no surprise that western media has come out defending Jane Street which is an American Company.
However this from Forbes is still a balanced article which rationalised both sides of the coin.
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Thanks for the correction. Crazy how they just took advantage of Indian retail traders. I didn’t know options trading was so big in India but I get it people are trying anything to win in this fiat hellscape we find ourselves in only for a major whale to come and take your money.
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Thanks. Indian derivative market is the world's largest fyi.
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