They promised many stuffs is coming from this fake worthless money, buy now cheap and make lots of money later when it raises value.
They then swindled 40 million out of gullible people, who bought an obvious scam as investment not realizing it was an obvious scam.
then they do a rug pull when the 40 million they cashed are instantly vaporized. One hour before killing the project, some important people have insider info and sell all their assets, leaving users with an empty bag.
if it was with stocks, this would lead to years of prison, i wonder if it’s done with magic internet money doesn’t bear any consequence.
This is not “anyway it was useless points for giving useless cosmetic rewards to other users”, this was marketed as an investment, with this fake money listed on official crypto markets
Thankfully the SEC has been cracking down on this sort of thing lately, correctly identifying how tons of crypto projects are being used as unregulated securities and pursuing charges.
I’m wondering the legality of this.
They promised many stuffs is coming from this fake worthless money, buy now cheap and make lots of money later when it raises value.
They then swindled 40 million out of gullible people, who bought an obvious scam as investment not realizing it was an obvious scam.
then they do a rug pull when the 40 million they cashed are instantly vaporized. One hour before killing the project, some important people have insider info and sell all their assets, leaving users with an empty bag.
if it was with stocks, this would lead to years of prison, i wonder if it’s done with magic internet money doesn’t bear any consequence.
This is not “anyway it was useless points for giving useless cosmetic rewards to other users”, this was marketed as an investment, with this fake money listed on official crypto markets
Thankfully the SEC has been cracking down on this sort of thing lately, correctly identifying how tons of crypto projects are being used as unregulated securities and pursuing charges.