It has every reason to investigate UST, lawyers say...
https://www.theblockcrypto.com/post...ust-lawyers-say?utm_source=rss&utm_medium=rss
https://www.theblockcrypto.com/post...ust-lawyers-say?utm_source=rss&utm_medium=rss
The SEC has already sued Terraform Labs.
- Thread starter The_Krakenite
- Start date
After they lock up the felons
Let's investigate the SEC for letting these unholy scams go of for over a decade
Thanks
Let's investigate the SEC for letting these unholy scams go of for over a decade
Thanks
Bro, you know how it goes with the SEC. Even when they were handed the details of Madoff, they ignored it for years (noting to see here).
If you want to see them clamp down on scams sooner than a decade, you are asking for miracles. It takes a financial crisis for them to see who was swimming naked. Only THEN do they act.
And while you're at it, ask them what they know of Pelosi's crystal ball.
Can't argue the facts.
But Madoff was a hidden scam. Nearly all the Crypto bullshit was done out in the open , in plain sight
WTF good are police if they only wait until there are dead bodies before making arrests. ???
But Madoff was a hidden scam. Nearly all the Crypto bullshit was done out in the open , in plain sight
WTF good are police if they only wait until there are dead bodies before making arrests. ???
Nope. There were articles published regarding Madoff's scam many years before he was exposed, but it stirred up no interest.
Jim Simons tried to duplicate Madoffs methods for his own hedge fund, then came to the conclusion that it was a ponzi and a fraud. He told his employees so and was str8 forward about it.
Before Simons, Ed. Thorp also ran a hedge fund and was asked to analyse Madoff's trading results. Thorp had no choice but to also state it had to be ponzi. There was no other realistic mathematical way for this to happen. And bear in mind this was wayyyyy back in the day before anyone even heard of hedge funds.
Ok, you're splitting hairs. Yes , there was a whistle blower. I know all about it
But in this case no blower and no whistle was needed
The scum were right out there, standing on their soapboxes , yelling "I AM A CON MAN"
So no , it's a big diff than Madoff
ps , People knew what hedge funds were long before Madoff
But in this case no blower and no whistle was needed
The scum were right out there, standing on their soapboxes , yelling "I AM A CON MAN"
So no , it's a big diff than Madoff
ps , People knew what hedge funds were long before Madoff
This may be hard to argue in court. Someone who failed at making a stable-coin in the past, finally thought he found just the right touch of a working solution. His side of the story is that he was hit by a well timed multi-pronged attack, while shorts were laid on Luna.
I suppose the creator could have done it themselves...
Nevertheless, these 'automated' stable-coins so far have always ended in big problems. Should have been more whistles here for sure, but people see stuff like 20% APR and they all ape in.
