It has been extremely enjoyable watching this environmentally disastrous, incredibly obvious, ponzi unravel in real time. I do rather enjoy the thinly veiled FCA response of “we told you so” lol.
Hopefully the various figures behind these schemes end up in prison for a couple of decades. Might be a little justice for the idiots they conned.
crypto is the Wild West and the buyers & sellers want it that way, until it all goes wrong and then they demand the government steps in to save them.
Just stick to bitcoin folks. Anything else is a scam.
‘Failed’? The thing was a massive fraud. A straight-up Ponzi scheme. Bankman-Fried belongs in prison.
Not all crypto is a scam but FTX absolutely was.
No they’re not. They made a poor investment because they were gullible rubes and got fleeced. They should consider it a learning experience. I tire of living in a world in which the investor class will effortlessly tell a poor person to go and work down the bismuth mines for a basic level of subsistence, but then bitch, and scream, and cry for Daddy State to bail them out whenever they gamble too frivolously.
Nothing to see here. Just a grossly unregulated industry fraught with fraud and scams.
Deserve it for being so stupid, it was always an obvious scam
I’m surprised the BBC are covering this given the names/groups involved with this guy… until I read through it and can’t find any of the ones that would be extremely interesting to see how the world would react.
Im afraid if you got scammed by this rubbish, then you deserve it.
Tough luck. A mate of mine years ago used to do fantasy stockmarket, was really good at it, I asked him my he didn’t do IRL “I can’t afford to lose the money” was his reply.
Don’t invest money anywhere other than a savings account if you can’t afford to lose it.
When will people learn to not keep their crypto stored in exchanges? How many more times does this have to happen before it sinks in?
12 comments
It has been extremely enjoyable watching this environmentally disastrous, incredibly obvious, ponzi unravel in real time. I do rather enjoy the thinly veiled FCA response of “we told you so” lol.
Hopefully the various figures behind these schemes end up in prison for a couple of decades. Might be a little justice for the idiots they conned.
Never forget Forbes loves celebrating [the best,](https://imageio.forbes.com/specials-images/imageserve/617185019567a0b91d7b3e5c/0x0.jpg?format=jpg&width=1200) [of the best](https://aphotoeditor.com/wp-content/uploads/2019/03/01_EthanPines_Forbes_elizabeth-holmes-650×853.jpg), [of the best of scam artists.](https://cdn.vox-cdn.com/thumbor/QIFaiJx-pSV0BNuT4vZKtw1JT54=/0x0:960×1221/1400×1050/filters:focal(386×348:538×500):no_upscale()/cdn.vox-cdn.com/uploads/chorus_image/image/60362721/960×0.0.jpg)
crypto is the Wild West and the buyers & sellers want it that way, until it all goes wrong and then they demand the government steps in to save them.
Just stick to bitcoin folks. Anything else is a scam.
‘Failed’? The thing was a massive fraud. A straight-up Ponzi scheme. Bankman-Fried belongs in prison.
Not all crypto is a scam but FTX absolutely was.
No they’re not. They made a poor investment because they were gullible rubes and got fleeced. They should consider it a learning experience. I tire of living in a world in which the investor class will effortlessly tell a poor person to go and work down the bismuth mines for a basic level of subsistence, but then bitch, and scream, and cry for Daddy State to bail them out whenever they gamble too frivolously.
Nothing to see here. Just a grossly unregulated industry fraught with fraud and scams.
Deserve it for being so stupid, it was always an obvious scam
I’m surprised the BBC are covering this given the names/groups involved with this guy… until I read through it and can’t find any of the ones that would be extremely interesting to see how the world would react.
Im afraid if you got scammed by this rubbish, then you deserve it.
Tough luck. A mate of mine years ago used to do fantasy stockmarket, was really good at it, I asked him my he didn’t do IRL “I can’t afford to lose the money” was his reply.
Don’t invest money anywhere other than a savings account if you can’t afford to lose it.
When will people learn to not keep their crypto stored in exchanges? How many more times does this have to happen before it sinks in?