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How could there possibly be $1.4t in damages when the market cap of BTC maxed out at around $400b? Also, while I don't deny that there was probably fraud here,
by travisoneill1 7y ago
How could there possibly be $1.4t in damages when the market cap of BTC maxed out at around $400b? Also, while I don't deny that there was probably fraud here, just because a security is lightly traded and illiquid that doesn't make its price "fake".
- thedudeabides5 7y agoAuthor specifically says the damages would be treble the underlying loss, as per RICO and antitrust law. I've no idea if this is true. But interesting nonetheless. Hard time seeing a court awarding the loss to the entire peak to trough market to market, especially if the fraud was part of the money that inflated the bubble, but who knows.