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a16z have pumped and dumped dozens of crypto projects, often with retail investors getting screwed over. They the main investors behind the "Internet Computer"
by thesausageking 5y ago
a16z have pumped and dumped dozens of crypto projects, often with retail investors getting screwed over. They the main investors behind the "Internet Computer" (ICP) project which was dumped on retail at $450 and then crashed to $30 weeks later and never recovered. a16z partner Chris Dixon promoted it to retail investors, saying "The Internet Computer is on track to become a critical piece of the future technology stack. This is groundbreaking."
https://www.coingecko.com/en/coins/internet-computer https://www.coingecko.com/en/coins/internet-computer
Any crypto "research" group they're doing is to whitewash all of the shady projects they're profiting from.
- cagr 5y agoIt's Chris Dixon's job to pump and dump bags on retail investors. I've muted his account on Twitter.
- memish 5y agoIs there evidence they dumped their share?
- JohnHaugeland 5y agoyes. tons. go look.
- deleted 5y ago[deleted]
- ryloric 5y agoAren't they afraid of reputational damage? Once this whole thing collapses, everyone will know what they did. There's going to be bad blood type bestsellers on this phenomenon. It's very strange to me that they don't seem to care about it, I thought VC is all about reputation, image and connections. If their LPs think they're a fraud how can they ever raise another fund ever again?