Cryptocurrency
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- neverscared5
Crypto Magnate Do Kwon Found Liable for Multibillion-Dollar Fraud
When Do Kwon’s crypto empire fell to pieces, tens of billions of dollars were wiped out. A civil jury in the US has found he lied to investors.Filed in February 2023 by the Securities and Exchange Commission, a regulatory body responsible for protecting US investors, the civil complaint alleged that Kwon and Terraform had “perpetrated a fraudulent scheme that led to the loss of $40 billion of market value,” whereby they lied to investors about the prospects and stability of the cryptotokens they issued.
Kwon, who went into hiding after the tokens crashed in 2022, is facing criminal charges in the United States and South Korea. He was recently released on bail from a prison in Montenegro, where he was arrested last year and awaits extradition.
- nb0
I forgot how intense it is to trade crypto. Always on, massive price swings.
Want to sleep? Crypto market doesnt. Wake up at 3:30am? Better check crypto price, see if you’re buying a lambo tomorrow or maybe you’re broke. Back to bed or execute a trade? Insanity.
I’m not even actively trading it. I’m just holding it because I think the price will rise significantly in the coming weeks. When the price was low I didn’t even look at it and now I can’t stop!
- omahadesigns-2
I sold my $2,500 Bitcoin in January, cuz I thought it would only go down with all the fraud.
Could've had $1600 more if I just waited :/
- buy high, sell low. that‘s the way.uan
- It's called a "bad news cycle" and all it did was allow us to load in and get bargain prices on all the blue chip crypto... (solana, ethereum, btc, ect...)cherub
- They were scaring ppl into selling, and it worked. All the rich ppl loaded up on ethereum when it was near $1,000 now look at the price.cherub
- I am genuinely sorry, omaha. Warren Buffet's famous quote strikes again...cherub
- What fraud with bitcoin???monospaced
- yea what fraud? crypto ≠ bitcoininteliboy
- PhanLo3
25 years, should have been more really.
-- So this fucktard gets 25 yrs but nothing on Trump, who is nothing but a crime spree machine.Ramanisky2
- They always go down fast if the wrong people lose money. :-)PhanLo
- nb3
All time highs!
To the moon!
HODL
- prepare the launch...cherub
- https://www.investop…cherub
- Buy High!
Sell Low!utopian
- cherub-2
Somebody grab SCAREDBITCH by the scruff of his neck, and DRAG HIS ASS IN HERE, WE NEED TO TALK
SCAREDBITCH 1.5 years ago: "SBF got arrested lol this means crypto is never going to worth... see guys I'm giving good financial advice listen to meeeee!!!!"
(meanwhile all crypto at record lows, including bitcoin. ethereum dips below $1,000)
SCAREDBITCH 1 year ago: "same advice I gave before guys, I know for fact all crypto is scam... STAY AWAY!!! lololol"
(meanwhile all markets begin to recover from the SBF shock)
SCAREDBITCH .5 years ago: "same advice guys, stay away from crypto it can HURTED YOU!!!!"
(meanwhile all crypto begins to stage major comeback since the threat of ban is gone, bull run is imminent)
SCAREDBITCH TODAY: nowhere to be found....
(meanwhile BITCOIN halvening event is imminent, shit is seriously about to MOON)
I bought some ethereum when it dipped near $1,000
Shoulda bought WAAAAYYYY MORE!!!There is a saying with these haters. They talk a good game. But you never see them at the bank...
PAGING SCARED BITCH, GET IN HERE YOU PIECE OF SHIT
- Christ, you're almost as obsessive with him as he is with Elmo.Nairn
- ^didn't buy the dip.cherub
- you can buy now, and sell when it dips again, then you'll be like twins.cherub
- Fuckin spaz much?monospaced
- The fact that an opinion on this is can make you confuse it as advice and then get so damn triggered is pathetic and hilarious. Grow up.monospaced
- only problem with your argument, is that the chart I posted is FACT, not opinion. nice try tho.cherub
- I made no argument, spaz. You’re only arguing with yourself. Fucking weird man. You okay?monospaced
- stewart0
I'd keep an eye on Jasmy this run.
- autoflavour0
I always think about all those people who used Bitcoin to buy weed/drugs from Tor networks back in the day .. and how that quart of dirt weed in 2012 would have now been worth $50k..
I remember seeing in Berlin back in 2012 you could pay bar tabs using Bitcoin.. worlds most expensive beers now..
- guy i know bought a bag of coffee for .5 BTC back then. those first vendors accepting BTC must have made a killing.kingsteven
- Only if they sold it or held it.monospaced
- cherub-1
This is about to be a ROUGH year for alwaysscared and I can't tell you how happy that makes me inside...
- ohh yeah .. ur right boomer... he is gonna have a TERRIBLE year ... all his kids have asthma and the climate change is getting worse because of CO2 emissions...neverscared
- maybe u should get more brain power than one day ur intelligent enuff to tell me how happy you really are inside... not that i give a shit about a crypto bro..neverscared
- wow so much happy inside ... its beautiful...cheerdum... is flying high..neverscared
- PonyBoy2
$2,169.45
- PonyBoy3
$2,049.99
Any bets on when that drops back below my initial $700? I'm still not a believer although I did just take the little bit I had in garbage coins / 'learning rewards' coins and dump it all into Doge... c'mon, doggy. :)
- I haz some of that shit too so,
To the moon!
I haven't logged into my crypto crap in years.YakuZoku
- I haz some of that shit too so,
- Wordsworth4
“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.”
- PonyBoy2
$1,802.23 and fluctuating!
- PonyBoy4
I still don't have a 'take' on whether I 'know / believe' crypto is here to stay ...no fucking clue... all I know is out of boredom about a year ago I put $700 into various crypto that were all somewhat popular / being utilized... my balance is currently @ $1,700.33... nope... $1,703.23... .... wait nope... $1,700.55... anyyyyway... think I'll hold on to it a while longer. <3
(quiet voice: this statement in no way, shape or form is me advocating for dice toss investing... just sharing my personal experience and typing lots of dots).
- eth up to £2.5k thomicrokorg
- ...pango
- Nice.monospaced
- Hey, it’s not a scam if you’re making the $.monospaced
- It's speculative gambling. As long as you recognize it for what it is, it's fine.formed
- Krassy4
- these dudes are still sexier than his ex_niko
- https://nypost.com/2…sarahfailin
- neverscared3
Bahamas Bank Deltec Accused of Giving Bankman-Fried ‘Secret’ Credit to Buy Tether
It was one of the remaining puzzles after Sam Bankman-Fried’s conviction on fraud charges: what was the relationship between the one-time crypto billionaire, a Bahamas bank whose chairman created the cartoon Inspector Gadget, and cryptocurrency Tether?
Text messages, a declaration from Bankman-Fried’s former colleague and ex-girlfriend Caroline Ellison, and other documents published as part of a lawsuit filed against alleged enablers of his scheme suggest a tighter web of connections than previously known.
https://www.bloomberg.com/news/a…
tether will be the next ftx
- neverscared1
“I lost my house,” she says, three years later. “I lost all my money. I couldn’t pay the mortgage. I owed a lot of debts when I did actually sell the house and pay the rest of the mortgage off – by that time I didn’t have much left.”
“Now I haven’t got five cents in the bank or in my pocket. I can’t go to the dentist. I can’t get my car serviced properly.
“It just goes on and on. I can’t even get my [hearing] checked out. I’ve had friends deliver food packages on the doorstep. I have got nothing left.
- lol. i feel bad for these people but suing the bank for letting her transfer all her money to a crypto scam? just move on.kingsteven
- neverscared2
Crypto mines will have to start reporting their energy use in the US
The US Department of Energy (DOE) will begin collecting data on crypto mines’ electricity use, following criticism from environmental advocates over how energy-hungry those operations are.
“We will specifically focus on how the energy demand for cryptocurrency mining is evolving, identify geographic areas of high growth, and quantify the sources of electricity used to meet cryptocurrency mining demand,” Joe DeCarolis, administrator of the Energy Information Administration (EIA), said in a press release today.