LUNA loss is much bigger. 81.35% of Madoff's investors losses were recovered. Prosecution was brutal in his case because he lost money for the wrong kinda people. What do you guys think will happen when the Ape army gets ripped off?
Well, I don't think Uncle Sam can go after that ponzi boy even if they wanted to. It's out of their jurisdiction. If he was registered in the US like Madoff, that would be another matter. BTW I think Madoff was really scapegoated to divert the attention away from the subprime debacle that was happening at the time.
Meme forgets that Dip-shit-Kwon also lost people lots of money in his earlier fake-stablecoin... what was it.. Basis-Cash?
If we are being honest, then all of these cryptos and NFTs can be summed up with two words: pyramid scheme.
Luna has the cleanest chart I've ever seen. Though Squid coin had a clean chart too before that ended.
Just amazes me how people expect suckers to go for the Luna 2.0 thing all over again... 3x a charm for Kwon ehh? Actually, I guess I can't blame him. So much silliness. As much as I am bullish on Ethereum, and DeFi is pretty much here to stay, who knows how far ETH may fall. Possibly going into triple-digits at some point. Despite the bear-market & crypto-winter continuation, DeFi has more projects coming into it by the day, which is pretty much as bullish as it gets. That said, a collapsing Nasdaq market is the worst for crypto-markets, as holders of one generally hold securities of the other. Not much a way around it. Those two have a tendency to pull each other down when the good-times fail to roll. Well, the FED isn't doing the good-times any favours lately. Again, today Nasdaq sold of hard, COIN went into up-tick rule enforcement yet again, and of course all crypto tanked along with tech-stocks... That said, I'm going in for another interview tomorrow for a job, so that I can load up on ETH when it reaches double-digit prices.
Point of order here. The NAZ closing down .7% (86 points) is not selling off hard. THIS is the market selling off hard, two weeks ago...