A few thoughts: 1) So they made 350%, but your viewpoint was that it wasn't "super speculative"? I'd hate to know what kind of return you expect for an actually risky investment. 2) Have they actually cashed out that 350%? I've noticed that crypto firms seem to have this propensity to not actually have what they say they have. When someone is offering 30% or higher rates to borrow something, that's often a good sign that you'll never see your principal again, let alone the interest. Sure you can brag about how much you made, until it comes time to return your principal and it doesn't come back. Of course I'm sure they'd be happy to let you roll it into a new "investment". 3) There are a couple great quotes in that article: "Our underlying investment thesis–that the innovation around blockchain technology is a high growth area going forward–has not changed,” I see quotes like this one all this time, someone fails to distinguish between the prospects of a technology and those of a specific instance of a technology. It's like saying "That internet's going to be a big thing so I loaded up on pets.com" The second quote: "you probably wouldn’t invest with a manager who had an auditor that you’d never heard of before.” She added, “We all need to be open-minded.” Yikes.
Oh come on, EVERYONE loved pets.com! Nobody who invested in it noticed that they sold every product they had at a loss to show great SALES instead of EARNINGS, because they had a sock puppet!
In life -- as in trading -- it is not just what happened, but what COULD have happened. Methodology is far more important than a particular outcome. Big lottery winners sometimes proffer advise on how to pick winning numbers. Nobody should pay attention to that advise, nor to any individual nor group, that happens to hit a crypto lottery, even if over 5 years. That approach will ultimately lead to failure. Take advise from SBF? From Madoff? From tens of thousands of other traders (sic) whom get wiped out following the same principles?