[HN Gopher] Terraform Labs Caught Moving $4.8M Through Shell Com...
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       Terraform Labs Caught Moving $4.8M Through Shell Company
        
       Author : marban
       Score  : 144 points
       Date   : 2022-06-01 14:10 UTC (8 hours ago)
        
 (HTM) web link (cryptoslate.com)
 (TXT) w3m dump (cryptoslate.com)
        
       | baremetal wrote:
       | He Kwon'ed some folks.
        
       | rpadovani wrote:
       | I was confused, so I checked: this is not related in any way to
       | the Infrastructure as Code tool.
        
         | orangepurple wrote:
         | The title reads like some sort of experimental tech incubator
         | within Hashicorp's Terraform team is shadily transferring
         | millions. Hashicorp should sue for trademark dilution.
        
           | CWuestefeld wrote:
           | A company doesn't own their trademarks in the same sense as a
           | patent or copyright, it's not like protecting IP. It's about
           | protecting the consumer from being fooled.
        
           | LeifCarrotson wrote:
           | They chose a single English word as their trademark, there
           | are dozens of others already using very similar marks:
           | 
           | https://uspto.report/Search/terraform
           | 
           | They shouldn't be surprised if someone else also uses the
           | same word.
           | 
           | I'm a big fan of Yiotro Games and his naming system for
           | Antiyoy/Bleentoro/Achikaps/Shproty: Come up with a series of
           | letters that are easy to read, pronounce, and remember, and
           | which are not already words when naming a project. This
           | results in no trouble with trademarks or domain names, gives
           | easy SEO, and isn't that hard.
        
             | orangepurple wrote:
             | I got a good laugh out of Hashicorp's trademark
             | registration.
             | 
             | Cutlery??? Musical Instruments??? Fire-extinguishing
             | apparatus??? Was someone drunk when filing?
             | 
             | As part of their trademark documentation they took
             | screenshots of Google search results and API docs (LOL)
             | 
             | https://uspto.report/TM/88470183
             | 
             | Primary US Classes                   021: Electrical
             | Apparatus, Machines and Supplies              023: Cutlery,
             | Machinery, Tools and Parts Thereof              026:
             | Measuring and Scientific Appliances              036:
             | Musical Instruments and Supplies              038: Prints
             | and Publications
             | 
             | Primary International Class                   009 - Primary
             | Class         (Electrical and scientific apparatus)
             | Scientific, nautical, surveying, electric, photographic,
             | cinematographic, optical, weighing, measuring, signaling,
             | checking (supervision), lifesaving and teaching apparatus
             | and instruments; apparatus for recording, transmission or
             | reproduction of sound or images; magnetic data carriers,
             | recording discs; automatic vending machines and mechanisms
             | for coin operated apparatus; cash registers, calculating
             | machines, data processing equipment and computers; fire-
             | extinguishing apparatus.
             | 
             | The same goes for their T logo trademark:
             | https://uspto.report/TM/88470285
             | 
             | All of Hashicorp: https://uspto.report/company/Hashicorp-
             | Inc
        
             | kube-system wrote:
             | Trademarks are industry specific, you specify what
             | products/services you'll be using it for when you register.
             | Because, for example, consumers aren't confused by an
             | airline named "Delta" and a plumbing manufacturer called
             | "Delta".
             | 
             | Hashicorp's registration has a pretty decent lock on
             | various descriptions of computer software.
        
           | rschachte wrote:
           | Why does everyone want to sue everyone these days?
        
             | UncleEntity wrote:
             | You literally have to or you risk losing your trademark.
             | 
             | Patents and copyright you can not enforce if you choose not
             | to but trademarks are a different animal.
        
             | alangibson wrote:
             | Registering a trademark isn't about suing anyone. It's
             | about keeping others from frivolously suing you.
             | 
             | If you are successful but don't register, someone _will_
             | register it in the same industry and sue you for
             | infringement. They'll also some times hijack your Amazon
             | listings if you are a seller.
        
               | pbhjpbhj wrote:
               | Prior use is an absolute defence. You might have problems
               | with expansion (geographic, and type of business).
               | 
               |  _This is not legal advice, just my opinion._
        
             | bgm1975 wrote:
             | Free money (or the perception of it anyway).
        
         | mcnichol wrote:
         | Same here, I almost fell out of my chair.
        
         | digianarchist wrote:
         | I believe this is the name of the parent company behind the
         | Luna cryptocurrency.
        
           | paulgb wrote:
           | Yes. Hashicorp is the company behind Terraform, Terraform
           | Labs is the company behind Luna.
           | 
           | The way you can tell them apart is that Hashicorp Terraform
           | stabilizes at the state you configure it to, whereas
           | Terraform Labs stabilizes at zero.
        
             | holiveros wrote:
             | Hahahaha, spilled my coffee over this :P
        
         | [deleted]
        
         | [deleted]
        
         | JustSomePackets wrote:
         | I was also confused, thank you for checking and posting.
        
           | Fargoan wrote:
           | How were you confused? Did you not read the article?
        
             | kube-system wrote:
             | 1. The article does not mention that this is unaffiliated
             | with Hashicorp.
             | 
             | 2. > Please don't comment on whether someone read an
             | article. https://news.ycombinator.com/newsguidelines.html
        
               | Fargoan wrote:
               | 1. It's a crypto news website 2. Why would you comment on
               | an article if you haven't read it?
        
               | stavros wrote:
               | I call it "optimistic branch prediction".
        
             | cercatrova wrote:
             | Why read the article when you can go to the comments to
             | find a correction? I very rarely if ever read the article
             | these days as usually commentors here have much more
             | pertinent and correct information.
        
       | bhouston wrote:
       | Terraform Labs was behind Terra USD stable coin which collapsed
       | recently. It is run by South Korean crypto-entrepreneur Do Kwon.
       | 
       | It would be interesting to see if Do Know emerges from this ultra
       | rich as I suspect he was able to redirect some of his earnings
       | (or should I call them winnings) out of the Terra USD stable coin
       | and into other holdings.
        
         | strikelaserclaw wrote:
         | I mean, this guy is shady yes, but the people who bought into a
         | financial instrument without really understanding it made their
         | bed.
        
           | quickthrowman wrote:
           | Only the greedy and stupid assume a 20% yield is risk free.
        
           | Johnny555 wrote:
           | Sometimes victims deserve blame. That doesn't mean they
           | deserved to lose their money, but if they put money into an
           | unregulated security that they didn't understand themselves,
           | it's hard to not put some of the blame on them.
           | 
           | Get rich quick financial scams have been around for a long
           | time, I remember back in the 80's when my dad got scammed buy
           | an oil "investment" - I don't even know how he found out
           | about it, but they mailed him an official looking prospectus
           | with geology reports showing oil deposits, and even a sample
           | of oil that they'd "drilled" from one of the plots, all they
           | asked from him was $5,000 to buy rights to the land, and soon
           | he'd be making huge profit from oil leases.
           | 
           | But that profit never came and soon the company just closed
           | up shop.
           | 
           | If he'd invested that $5,000 in the stock market, it would
           | have grown to over $60,000 by the time he passed away 10
           | years ago.
        
           | Seriomino wrote:
        
           | criddell wrote:
           | That sounds like victim blaming.
           | 
           | Most people couldn't tell you how a 401k works or even how a
           | mutual fund works. It's why regulations are so important and
           | it's why things like NFTs will probably soon be regulated as
           | securities.
        
             | boringg wrote:
             | Who doesn't know how a 401k works? Honestly, who?
             | 
             | Mutual fund - ok the mechanics are a bit more complicated
             | but pretty straightforward.
        
               | BaseballPhysics wrote:
               | A large number of people don't even know how _tax
               | brackets_ work (hence some people thinking that if they
               | get a raise they 'll lose money). Basic financial
               | literacy is not as common as you seem to think.
        
               | rurp wrote:
               | Similar to this, federal tax withholding is poorly
               | understand by many people. A lot of people _want_ to give
               | the govt an interest free loan every year and don 't
               | understand why anyone wouldn't.
        
               | BaseballPhysics wrote:
               | Absolutely. I recently explained this to my retiree
               | mother-in-law who was overpaying taxes each year for fear
               | that she'd owe money at the end of the tax year,
               | forgetting that every dollar she overpays is another
               | dollar she's drawing down from her saving that isn't
               | earning (modest) interest.
               | 
               | Not that I can claim I'm being any smarter. I really
               | should instruct my employer to reduce my tax
               | withholdings, as I'm saving into a tax advantaged account
               | to which contributions result in an income deduction.
               | Every dollar I get at the end of the tax year in a refund
               | is a dollar I'm not saving during the year (thus losing
               | out on some long-term gains).
               | 
               | But at least I know better. ;)
        
               | rm_-rf_slash wrote:
               | I would reckon minimum wage workers who have never been
               | offered a company sponsored retirement plan or had enough
               | to save for retirement at the end of the month, would not
               | likely understand the mechanics of a system they can't
               | even participate in.
               | 
               | In other words, a lot of people.
        
               | boringg wrote:
               | No offense but I don't think it's minimum wage workers
               | who are putting tons of money into the crypto market. And
               | my argument about who doesn't understand 401k is to the
               | demographic who invested in this specific asset class
               | which likely isn't minimum wage workers.
        
               | staticassertion wrote:
               | The point is that people who participate in 401ks likely
               | understand (in the majority) how they work to a
               | reasonable degree. It's not reasonable to compare it to
               | crypto where the people who participate understand
               | virtually nothing about it.
        
             | DANK_YACHT wrote:
             | Financial instruments are incredibly complex. It's very
             | dangerous to engage with them unless you fully understand
             | what you're getting yourself into. Other people have a huge
             | incentive to exploit any weakness in the financial asset,
             | even in regulated industries. For instance, BlackRock
             | bought credit default swaps in a Spanish company, and then
             | paid that company to default on its debt, thus making a
             | profit at the expense of the counter party. Regulation
             | isn't going to magically make complicated financial
             | instruments safe. People should be aware that they're
             | dangerous and to stay away.
        
               | nilsbunger wrote:
               | In reality most people aren't very savvy though. Are you
               | advocating they shouldn't invest in basic things like an
               | S&P 500 fund or a "target date" fund or whatever? That
               | kind of investment is almost a necessity in the US.
               | 
               | I'd agree they shouldn't get into CDS and other esoteric
               | instruments, and I also would put crypto investments in
               | the 'esoteric' bucket.
        
               | 55555 wrote:
               | That is incredibly shady.
        
               | itsoktocry wrote:
               | > _For instance, BlackRock bought credit default swaps in
               | a Spanish company, and then paid that company to default
               | on its debt, thus making a profit at the expense of the
               | counter party._
               | 
               | Do you have a source for this? I feel like some details
               | are lacking.
        
               | DANK_YACHT wrote:
               | https://www.bloomberg.com/opinion/articles/2017-11-17/bla
               | cks...
               | 
               | The tldr is that they bought credit default swaps for
               | debt owed by Codere SA, and then offered the company
               | financial assistance to restructure with the requirement
               | that they pay their existing debt late to trigger a
               | default.
        
               | gvhst wrote:
               | That's BlackStone, not BlackRock. They are totally
               | different entities.
        
               | mandevil wrote:
               | Not sure about the specific instance, but Matt Levine's
               | invaluable Money Stuff spent a lot of time discussing so-
               | called "Manufactured Default": https://www.bloomberg.com/
               | opinion/articles/2018-04-10/hovnan... is an instance of
               | how complicated these can get.
               | 
               | He discusses the morality of this particular issue, as
               | part of a discussion on a proposal for the SEC to
               | regulate it, here: https://www.bloomberg.com/opinion/arti
               | cles/2021-12-16/the-se...
               | 
               | Basically, Levine's argument is that as a result of these
               | sorts of shenanigans, one giant investment fund (in this
               | case, I guess, Black Rock, though again I don't know
               | about this specific instance) gave money to an actual
               | company that was employing people and doing something in
               | the real world and that was in some kind of financial
               | trouble. And it did that because it wanted to make even
               | more money from some hedge fund somewhere, sure, but look
               | at who was harmed (a hedge fund that was in the business
               | of buying and selling Credit Default Swaps) and who
               | benefited (a real company with a whole bunch of employees
               | who would otherwise be laid off, and another hedge fund
               | that was in the business of buying and selling Credit
               | Default Swaps) and I'm not sure that the whole thing is
               | that bad?
        
               | criddell wrote:
               | You're explaining how regulations come to be.
               | 
               | Something happens that harms some party, the event is
               | studied and regulations are sometimes updated.
        
               | DANK_YACHT wrote:
               | For options trading, there is always a winning and losing
               | side. Someone is always harmed.
        
               | ksaxena wrote:
               | No. Options also provide a fundamental service -
               | insurance. So, in the case where the option buyer is
               | paying for insurance, sellers add value by underwriting
               | the risk that is being insured. Hence, both the buyer and
               | the seller win - the buyer gets insurance, the seller
               | gets cash.
        
               | Jenk wrote:
               | ... and the insurance underwriters lose, upping their
               | fees the next time around, so future insurance customers
               | lose out, too.
        
               | lordnacho wrote:
               | Ex options trader here. You can sell me an option and we
               | both make money:
               | 
               | Let's say the option expires worthless. You make money
               | having done nothing but collect my premium.
               | 
               | I take the option, and because it's positive gamma, when
               | it goes up I make money, and I flatten. When it goes
               | down, I'm short, and I make money and buy. I keep doing
               | this buying low and selling high until I've made more
               | than the premium.
               | 
               | ---EDIT
               | 
               | My point is there can be reasons for both sides to do the
               | trade. Nobody needs to be "harmed". The line of reasoning
               | that says one of you must lose misses the point. If you
               | buy insurance, either your house burns down or it
               | doesn't. That doesn't mean either you or the insurance
               | company was harmed.
        
               | cecilpl2 wrote:
               | You are comparing one side of one trade to the other side
               | of many trades.
               | 
               | Each individual options trade is zero-sum (one side wins
               | exactly as much as the other side loses, barring
               | transaction fees), as is the total of all options trades.
        
               | lordnacho wrote:
               | > You are comparing one side of one trade to the other
               | side of many trades.
               | 
               | The whole point of having financial instruments is that
               | you can mix risks. Whether each individual one results in
               | heads or tails is not actually the point, the point is
               | entities can shape the risks they want to be exposed to.
        
               | DANK_YACHT wrote:
               | I'm not saying that if you buy an option that ends up OTM
               | that you'll globally lose money, but in the context of
               | that one specific trade you lost. Perhaps you're willing
               | to take that loss in order to achieve some other goal,
               | but my statement was about a single contract, not a
               | general collection of trades.
        
               | [deleted]
        
             | graeme wrote:
             | You can go into regulated instruments with little research
             | because they're regulated.
             | 
             | I had friends in Luna. We all told them over and over it
             | was a scam. They could not listen. "Dock your stuff at
             | terra station, 20%, how are you not in crypto, look at my
             | account size, here are ten explainer videos showing complex
             | gamified mechanics for why I'm a savvy insider" etc
             | 
             | I agree regulators dropped the ball, but also at some point
             | people really are almost willfully blind to downsides. We
             | even had the example of Iron and Titan which collapsed
             | similar to Luna and UST.
        
               | smt88 wrote:
               | > _also at some point people really are almost willfully
               | blind to downsides_
               | 
               | I agree with you, but in societies with the concept of
               | bankruptcy, compulsory healthcare, etc., we all bear the
               | burden of their willful blindness.
               | 
               | That's why it should be a supply-side solution: people
               | shouldn't be able to sell dangerous/scammy/faulty
               | products at all, because there will always be suckers
               | that the rest of us have to prop up when they launch
               | themselves into poverty,
        
               | TylerE wrote:
               | I'm convinced no one really believes any of this shit is
               | legit.
               | 
               | They just think they're smart enough that THEY aren't on
               | the bottom layer of the pyramid.
        
               | dudus wrote:
               | I can attest that's not the case. A lot of people think
               | they found a really good investment and it would be a bad
               | move to not massively invest in it.
        
               | ksaxena wrote:
               | The example of Olympus DAO as well
        
               | puranjay wrote:
               | Same. I knew acquaintances who worked in very well paid
               | positions in some of the world's top companies, including
               | investment banks, and they all were so smitten by this
               | new shiny thing that they forgot to do their basic
               | dilligence.
               | 
               | I tried to warn them to treat it as a "gotta check on it
               | thrice a day" investment and not a "set it and forget it"
               | investment but they were all lured in by the LUNA
               | "community" and basic greed.
        
             | seabird wrote:
             | There comes a point where you have to ascribe some level of
             | responsibility to the investor. Cryptocurrency is massively
             | ridiculed for scams like this, to the extent that it's hard
             | to feign ignorance of it. I'm not saying that the scams
             | should be allowed, but telling people to take even the
             | smallest of steps to protect themselves is not victim
             | blaming. People not understanding a 401k or mutual funds
             | isn't a reason for them to not do due diligence.
        
               | TameAntelope wrote:
               | USDT was _far_ more stable and secure than any typical
               | scam, so we 're well past the "smallest steps to protect
               | [yourself]" line here. "The currency might collapse in on
               | itself"? Yes, that's a valid concern. But, "Do Kwon might
               | steal your money." is not a reasonable thing to expect
               | people to be concerned about.
        
               | criddell wrote:
               | Some cryptocurrency company is advertised on the shirts
               | of baseball umpires. Matt Damon does a commercial for
               | some crypto company. It's everywhere!
               | 
               | If you watch cable news you will see a commercial for a
               | crypto company followed by a Vanguard commercial followed
               | by a Fidelity commercial. In the wider world it is not
               | massively ridiculed and is presented in the same way that
               | more traditional investment companies are.
        
               | [deleted]
        
               | munificent wrote:
               | _> Cryptocurrency is massively ridiculed for scams like
               | this_
               | 
               | This is true in the social bubbles you and I likely
               | occupy but very much not (yet) true elsewhere.
               | 
               | I have had many conversations with friends and family
               | that are outside of tech asking my what crypto is and if
               | it's something they should invest in because all they see
               | right now is the hype, excitement, and ads from crypto
               | companies.
        
               | yebyen wrote:
               | > all they see right now is the hype, excitement, and ads
               | 
               | I think this should really answer the question, and I
               | don't quite understand how anyone can be self-aware
               | enough to recognize these things without also connecting
               | the dots that "companies which do those things to promote
               | their products are not generally trustworthy at-large"
               | 
               | I know this phenomenon all too well though. It's the
               | classic formula. "Generally Well-Understood Thing" is
               | familiar to lots of people without need for any special
               | qualification or training to understand the thing across
               | a fairly wide range of functional parameters. "Generally
               | Well-Understood Thing, but On The Internet" on the other
               | hand is a completely new animal with all old assumptions
               | required to be re-examined for a new understanding from
               | first principles, assume we know nothing.
               | 
               | The understanding is tried, too many foreign concepts
               | enter the discussion, often the desire to understand "how
               | this is different" results in an under-founded belief or
               | assumption that adding the internet DOES in fact somehow
               | make this thing different than it was before, end with a
               | newly emergent confusion overarching the whole and 9/10
               | times no further understanding is gained and no
               | connection between the two ideas of "thing" and "thing on
               | the internet" is retained.
        
               | Seriomino wrote:
               | There was an interview on the radio with a woman who can
               | see in the future.
               | 
               | As long as media is somehow seen as normal and people
               | don't question e everything, you need consumer protection
               | laws.
               | 
               | It's that easy.
        
               | timcavel wrote:
        
             | nilsbunger wrote:
             | I'm ok with there being a "poorly regulated" corner of
             | finance in crypto, if individuals receive sufficient
             | warnings that they don't have the same protections as with
             | normal financial products, and may not even have recourse
             | for fraud if the promoters are international or anon.
        
             | yieldcrv wrote:
             | The victims are the developers and users of Defi products
             | caught in the contagion. Such as when a developer hardcoded
             | TerraUSD deposits as equalling 1 and the whole project gets
             | arbitraged out of existence due to the mispricing.
             | 
             | Gullible buyers of TerraUSD (pre-crash) directly don't
             | share this courtesy.
        
             | itsoktocry wrote:
             | > _Most people couldn 't tell you how a 401k works or even
             | how a mutual fund works._
             | 
             | If you don't understand how a mutual fund works, you have
             | _no business_ investing in some obscure  "stablecoin".
             | 
             | But let's be real: 99.9% of the "victims" were trying to
             | get-rich-quick themselves. Many are gambling again on Luna
             | 2.0 right now. Caveat emptor.
        
               | chasebank wrote:
               | Interesting you're getting downvoted. You're completely
               | right. It's not 99% of "victims", it's most definitely
               | 100% were trying to get-rick-quick.
        
             | zarathustreal wrote:
             | Being a victim and being responsible for one's own actions
             | are not mutually exclusive. Like all things, this is not
             | black and white but nuanced.
        
             | infecto wrote:
             | I wanted to counter point some of the responders to this
             | post but figured I would add support here instead.
             | 
             | Yes, people are to blame but I think history has shown us
             | that the masses are easy to fall for these kinds of games
             | over and over. It is the reason we have regulation and
             | while yes, these people are to blame, I think the bigger
             | fault is on the government for allowing it to happen. These
             | instruments are scams in the guise of valid financial
             | instruments.
        
           | zarathustreal wrote:
           | I think it's important to note that this framing is not
           | moralistic. In general, objective facts will share the same
           | property of amorality.
        
       | naikrovek wrote:
       | all these high-quality individuals keep emerging out of the realm
       | of cryptocurrency.
       | 
       | I mean this is proof that these things are 100% above board! no
       | bad actors here!
        
       | WinstonSmith84 wrote:
       | So, these guys were controlling tens of billions worth of dollars
       | and as all failed they end up laundering 4.8M? It's either beyond
       | desperation or maybe it's not what the author thinks it is.
        
         | upupandup wrote:
         | The actual order books are magnitude less than the stated
         | market cap. For instance, somebody who is a billionaire on
         | paper with mostly crypto holdings, cannot cash out most of its
         | wealth.
         | 
         | When prices drop, the order books run into liquidity issues. It
         | tells me on thing though, that most people have shunned crypto
         | and that most of the noise we see is people holding crypto
         | spamming to get somebody to take the otherside of their trade
         | so they can liquidate their holdings...ironically to fiat which
         | was the pinnacle of their narrative.
        
           | abacadaba wrote:
           | they were able to sell 3 billion in btc and it got soaked up
           | without the price dropping too much
           | 
           | other than btc or maybe eth ya might be an issue though
        
             | sushid wrote:
             | It's because they didn't sell it directly on the market.
             | They were sold to funds that would lock up the Lunas for 2
             | years and so on. The Lunas were also sold at a discount
             | (relative to the market price back then).
        
           | IshKebab wrote:
           | Didn't Musk buy and sell that much bitcoin fairly easily?
        
         | altairprime wrote:
         | It could be not the only transaction, just the first one to get
         | caught.
         | 
         | It could be the first of many transactions, and was caught.
         | 
         | The disparity in size between a virtual cryptocoin's "value in
         | USD" market assessment, and the actual dollar amount of a
         | single financial transaction performed by that coin's operator,
         | provides no significant information here for estimating the
         | _total_ scope in USD of illicit behaviors by Terraform Labs.
        
         | m00dy wrote:
         | The market cap of Terra is about billions. It doesn't necessary
         | mean the actual value they are controlling.
        
       | anm89 wrote:
       | I really hope Do Kwon ends up in prison for life.
        
         | smt88 wrote:
         | It seems to be the opposite. Major investors and exchanges are
         | trying to legitimize him by supporting the Terra relaunch.
         | 
         | It is absolutely amazing how crypto companies and enthusiasts
         | can get scammed by someone and then go right back to trusting
         | them, literally less than a month later.
         | 
         | https://decrypt.co/101405/crypto-exchanges-including-binance...
        
           | georgeecollins wrote:
           | When people's beliefs are refuted they often double down on
           | them. It's a phenomena that people have studied.
           | 
           | https://en.wikipedia.org/wiki/When_Prophecy_Fails
        
           | pvarangot wrote:
           | It's not trusting them as much as setting legal precedent so
           | that they also don't end up in jail if there's a bank run on
           | their tokens/chains.
        
           | staticassertion wrote:
           | If you're massively invested in crypto you need to pour a lot
           | of money into legitimizing it and putting out fires wherever
           | possible. Imagine you're running a scam on the street - let's
           | imagine a dozen people playing "guess the card" (and
           | cheating). Someone comes up and goes "woah, I saw that guy
           | cheating, hey everyone this whole thing is a scam" - now you
           | have two options, disavow that one guy and say "well the
           | other card games are legit", or prop that scammer up and say
           | "no no, that's just how the cards are played, it's a very
           | complex system".
           | 
           | The latter is appealing since it admits no fault in the
           | system. If people generally see these card games as having a
           | high potential for being a scam, you want to avoid that
           | scrutiny even at a very high cost.
        
       | TheGigaChad wrote:
        
       | bdcravens wrote:
       | I wonder if Hashicorp has gotten any blowback from confused Luna
       | holders. Our company gets calls all the time from people thinking
       | we are UPS or Fedex and wondering where their package is (we
       | audit UPS/Fedex invoices)
        
         | dudus wrote:
         | I think my heart skipped a beat when I read the headline as I
         | had just made an investment in $HCP. I was relieved after
         | reading it's just another nail on Terra and not at all related
         | to Hashicorp.
        
           | chatmasta wrote:
           | My heart has already skipped a few beats since I made an
           | investment in $HCP in December! Still holding though. It's
           | part of my "invest in what you use" portfolio, which is
           | currently a basket of red tickers, being carried by a green
           | $NET...
        
         | caboteria wrote:
         | My daughter occasionally works for a small gift shop in Dedham,
         | MA called "Nest". She's gotten calls from people wanting tech
         | support for Nest thermostats.
        
           | ericbarrett wrote:
           | I used to work for a storage startup named ONStor. Our front
           | desk would get 3-4 calls a week from people trying to reach
           | OnStar (https://www.onstar.com/).
        
         | mikeryan wrote:
         | My digital product design agency is called "A Different Engine"
         | the number of cold emails and calls we get from car part
         | distributors is amusing.
         | 
         | The name source:
         | 
         | https://en.m.wikipedia.org/wiki/Difference_engine
         | 
         | https://en.m.wikipedia.org/wiki/The_Difference_Engine
        
           | malisper wrote:
           | > the number of cold emails and calls we get from car part
           | distributors is amusing
           | 
           | Heck, my company is called Freshpaint. The number of people
           | that visit our site, freshpaint.io, see all the copy about
           | data infrastructure, and still contact us looking for a quote
           | to paint their house is hilarious.
        
         | CSDude wrote:
         | Is this why Cloudflare CEO bashing Hashicorp? /s
         | 
         | Seriously though, what happened to that debate?
        
         | kube-system wrote:
         | Like most of the commenters here, it also confused me, so I'd
         | imagine it confuses a lot of people.
         | 
         | I also once worked at a company that had a name similar to a
         | video game. Two seconds of looking at our website would have
         | make it obvious that we were not related, but we got a lot of
         | calls about it anyway. We got a laugh out of it when it
         | happened.
        
           | whizzter wrote:
           | It might be fun for those kind of scenarios but as soon as
           | money is involved you get more and more crazy people involved
           | that can't distinguish things (esp in a scam rich environment
           | as "crypto"-currencies).
        
             | bdcravens wrote:
             | We had one person actually come to our office wanting to
             | find their package. We're a small company (in terms of
             | headcount), and don't have a glamorous office. Not sure how
             | anyone would mistake our location for Fedex, but
             | nevertheless this person did. I was the only one here, and
             | there was a serious language barrier. Took several times
             | for me to explain to him he needed to call Fedex, and that
             | his package wasn't hiding in our office somewhere.
        
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