If he's found guilty of the charges, I hope he serves lots of time in prison. Looking back at his Forbes cover page last year is hard to stomach. On an equally serious note, Binance has temporarily paused withdrawals of the USDC stablecoin. I would be furious if I could not withdraw what is rightfully mine. 2023 will be another crazy year.
Next on this list if Cathy Woods. She is a fraud that’s flying in plain sight.
She is a snake oil salesman but people investing in her knew the risks. This isn’t the first time a hedgefund manager blows up in popularity and plummets into obscurity. SBF on the other hand flat out lied in the terms and services. The two aren’t comparable.
True but somewhere there is a possibility that funds that hold parent stocks in her funds might have colluded with her to sell those snake oil..
Turns out more and more companies and people are swimming naked in crypto
IMO a large part of the problem with this guy, and crypto in general, is mostly that everyone was cool with what was pretty obviously some fraud…up until it all fell apart. Kinda like the Madoff business. There is no way that a person of reasonable intelligence could look at what was going on there and not see at least some likelihood of fraud. I was not at all surprised to see the whole of binance come crashing down. Anymore than I was surprised to see cases of stolen crypto when people are fool enough to store it in places where they do not own the keys. Insane.
well lot of "sharks" who are professional investors fell for it - cuban and o'leary included not to mention silicon valley VCs. These are clearly people of above average ingelligence who do this for a living. So I would not blame the lay person for getting greedy what with mainstream media inducing major FOMO with their cover stories. Instead the govt is to be blamed for not regulating this in time.
Fell for it might not be the right words. Depending on when and what they took out…it could have been very lucrative. I don’t know the details of their investments. You don’t have to be first…just don’t be last.
Imagine still believing in the legitimacy of crypto after what happened with dogecoin.
He won't go to prison because he's basically been laundering money to the democrats through aid for Ukraine Dont worry the media outlets controlled by the government will tell you otherwise. He will either walk free or will join epstein
You should either link proofs, or take that tinfoil hat off
What’s rightfully yours should be in your wallet. If you keep crypto on the exchange you open yourself to all sorts of risks.
Can’t wait till Binance goes under. Saving my 🍿
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It's Jewish last name, combination of both his parents last names.
Got it ... then it's an unfortunate name combo given the mess he's in.
I deleted that part of my post since you answered my question.