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Ray Trapani

๐Ÿ‘ค Speaker
788 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

So like sooner or later it will become almost like a institutionalized token where like, I think.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

It only makes sense.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

Like, I don't know why anybody would trade like overseas, like why send money through a bank or through a bank wire when you can just send like a hundred million dollars to somebody in one second.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

It makes no sense not to use crypto.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

It makes no sense to not use crypto.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

They were our main competitor back then.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

They were MCO back then.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

And they also lied about having Visa and MasterCard.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

That was like our main fraud was that we said we had Visa and MasterCard before we had Visa and MasterCard.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

But they also did that, but they were based overseas.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

And then when it came to like getting in trouble, they settled with the SEC and paid their fines.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

And then like I had left the company like a few months early.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

Like my co-founder basically like,

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

lied about how much money we raised because obviously he wanted to just like keep as much as possible yeah and um because of that that's what made it become criminal god we could have paid a fine and been owned stapled center like if we just paid the fine and just gave them like the crypto that we raised we could have we had to protect people customers had cards working cards we were the first one like our wallet was beautiful it was in ios and android stores

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

damn so it's like a shame in a way you know like what if moment right yeah it's such a what if moment seeing them on stable center like we were first we developed the tech before them is that why they got time and you didn't because they lied about the numbers yeah and then at the very end like he basically like stole all the eth and then like there's supposed to be like a lawyer holding it and then half of it was supposed to be on like a safe deposit box and then when the fbi came basically like they got those two things and then it wasn't the right address

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

no way he was they had they had locked him up and then the other kid up and the other kids started cooperating and um he got a year another guy eight years yeah and then like so like he basically started cooperating and the other the the main kids sorby he was like the indian kid he was like not telling them where like the code like the password was or the private keys were right

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

And then they just raided his house and they found it literally like under like where you put your silverware.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

He's out in like a year.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

He, you know, like during the, the, the whole criminal report, like while we were getting sentencing, he tried to put a hit on me.

Digital Social Hour
Ray Trapani: How I Lost $800,000,000 in Crypto and Survived Prison | DSH #1585

Like someone like basically like, cause we went to high school together.