Cryptocurrency
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- 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!
- 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.