NomNom@feddit.ukBanned to TechnologyEnglish · 1 month agoFrom millions of dollars to under a grand: The dramatic fall of the NFTenglish.elpais.comexternal-linkmessage-square228linkfedilinkarrow-up1605arrow-down119cross-posted to: [email protected]
arrow-up1586arrow-down1external-linkFrom millions of dollars to under a grand: The dramatic fall of the NFTenglish.elpais.comNomNom@feddit.ukBanned to TechnologyEnglish · 1 month agomessage-square228linkfedilinkcross-posted to: [email protected]
minus-squareNoiseColor linkfedilinkEnglisharrow-up2arrow-down1·1 month agoI think it’s an exaggeration of its crime utility. Normal money is king for crime.
minus-squareunderisk@lemmy.mllinkfedilinkEnglisharrow-up2arrow-down1·1 month agoNormal money can get you a visit from the SEC when you do securities fraud with it. Has that ever happened with a crypto pump and dump?
minus-squareunderisk@lemmy.mllinkfedilinkEnglisharrow-up1·1 month agoSBF wasn’t doing securities fraud with only crypto, if that’s what you’re thinking of. Also it was a pyramid scheme and not a pump and dump.
I think it’s an exaggeration of its crime utility. Normal money is king for crime.
Normal money can get you a visit from the SEC when you do securities fraud with it. Has that ever happened with a crypto pump and dump?
Yes.
SBF wasn’t doing securities fraud with only crypto, if that’s what you’re thinking of. Also it was a pyramid scheme and not a pump and dump.