Specifically, it’s not just for losing money, but for lying to investors about the level of risk in those investments. The lawsuit claims the companies knew the investments were risky and led investors to believe they were safe.
I feel the onus is slightly on the customer here because pretty much everyone knows that crypto is extremely unstable, and if you didn’t know that, but just threw money at it because people told you, that’s your fault.
Yeah but we cant just let massive cons like this go. Plus did anyone who really knew how cry & nft work put their money in it.
Last November, Gemini paused withdrawals from its Earn program in the wake of the FTX collapse, preventing customers from accessing their funds. The New York Post reported in September that the Winklevoss twins allegedly withdrew $280 million from Genesis before the firm ultimately collapsed.
Additionally, James is suing Genesis and its DCG parent company for allegedly trying to cover up over $1 billion in losses.
That’s a bit more than “buyer beware.”
Yeah I’ll agree, that is pretty shitty.
New York was gambling with tax dollars and we’re supposed to consider them the victim?
Lol at the morons comparing crypto to the stock market. The more crackdown there is on the scam that is crypto the better.
Until you realise that Crypo is just a scam.
Many people are denying it, many does not believe it, many does not understand it.
But the only thing that matter is the fact that more people have lost money than they put in.
Blockchain dev here. This is false. Blockchain ledgers are in many ways more real than fiat.
Blockchain tends to attract very shitty people, however. Loaning money that doesent exist is a fiat problem. In fact, its the point of fiat.
Your brain is short AF.
You are working for the money scammers so it makes 100% sense to you because they lured you in another scheme of understanding.
