this post was submitted on 20 Oct 2023
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They (Lbry inc) are being shut down for their crypto-token things. They didn't have kyc and the sec got very mad at them
How dare they not collect personal information!
To be honest it's not the main reason the sec didn't like it. It's because when the token was created, Lbry inc kept large reserves for them to sell later on as a way to monetize the whole thing