NomNom@feddit.ukBanned to Technology@lemmy.worldEnglish · 3 months agoFrom millions of dollars to under a grand: The dramatic fall of the NFTenglish.elpais.comexternal-linkmessage-square226linkfedilinkarrow-up1606arrow-down119
arrow-up1587arrow-down1external-linkFrom millions of dollars to under a grand: The dramatic fall of the NFTenglish.elpais.comNomNom@feddit.ukBanned to Technology@lemmy.worldEnglish · 3 months agomessage-square226linkfedilink
minus-squareNoiseColor @lemmy.worldcakelinkfedilinkEnglisharrow-up2arrow-down1·3 months agoI think it’s an exaggeration of its crime utility. Normal money is king for crime.
minus-squareunderisk@lemmy.mllinkfedilinkEnglisharrow-up2arrow-down1·3 months 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-up1·3 months 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.