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Wirecard was one of Germany’s largest tech companies with a market cap of $25B until recently. Short sellers first identified suspicious activity at the compan
by pavlov 6y ago
Wirecard was one of Germany’s largest tech companies with a market cap of $25B until recently.
Short sellers first identified suspicious activity at the company around 2006. But it took 13 years for the house of cards to collapse. For over a decade, Wirecard stock just went up.
The company is bankrupt and worth practically nothing today.
If/when shit finally hits the fan at Tether, the crypto bagholders will look back with the same bewilderment as Wirecard investors did: “Wasn’t all this talk about fraud proven false long ago?”