And Crypto is so safe.
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From CP newsletter Crypto hedge fund CEO may not exist; probe finds no record of identity | Ars Technica[^] Apparently the CEO of the crypto company doesn't exist. Even though some people endorsed him. And of course crypto fraud is doing really well as a money making venture. The last column is Q1 only. Reports show scammers cashing in on crypto craze | Federal Trade Commission[^] So if one is looking for a new venture - AI and crypto together is probably the way to go. As long as you get out (like out of the country) before it falls down.
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From CP newsletter Crypto hedge fund CEO may not exist; probe finds no record of identity | Ars Technica[^] Apparently the CEO of the crypto company doesn't exist. Even though some people endorsed him. And of course crypto fraud is doing really well as a money making venture. The last column is Q1 only. Reports show scammers cashing in on crypto craze | Federal Trade Commission[^] So if one is looking for a new venture - AI and crypto together is probably the way to go. As long as you get out (like out of the country) before it falls down.
I'd argue that this is not about 'crypto'. this is really no different from other fraudulent companies, hedge funds or startups. There is more fraudulent 'low hanging fruit' because there are more uneducated people putting their money in. But honestly the amount of money being scammed in crypto is dwarfed by the amount of fraud committed by legit companies. If you watch the big short, you get an explanation of how the 2008 banking crisis was caused by those respectable banks and investment companies. A couple of Billion in crypto scams doesn't even register on that radar.