So, financial ignorance. They're being "soft-defrauded" by the marketing of "loo... | Hacker News

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		IAmBroom 9 months ago \| parent \| context \| favorite \| on: Wise refuses to let us access our $60k AUD So, financial ignorance. They're being "soft-defrauded" by the marketing of "looking like a bank". I'm not saying victims are dumb; they're ignorant, and the solution is self-education. Hopefully before you start leaving 5+ digits in their care...

Arnt 9 months ago [–]

I beg to differ.

Banks have particular protection in the modern financial system. When states grant that, they should IMO protect banks against impersonation.

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