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Regardless of people’s opinions on crypto, they should be concerned that the SEC stood by and watched while billionaires and unsophisticated investors got toget
by numair 4y ago
Regardless of people’s opinions on crypto, they should be concerned that the SEC stood by and watched while billionaires and unsophisticated investors got together and pumped and dumped LUNA. And after the whole thing blew up, the SEC went after zero people and forced the billionaire promoters to disgorge approximately zero dollars in profit.
The SEC is a complete disaster. Time for a change in management.
- POPOSYS 4y agoThe SEC is in a complicity disaster.
- capableweb 4y agoCorrect me if i'm wrong, but the whole LUNA/Terra situation happened very recently and looking at past SEC enforcements, they're not exactly fast. Some things seems to take years before people get punished, cryptocurrencies or not. I'm sure if there are US-based individuals involved in the affair, they will eventually get what's coming for them, it'll just take some time.
- xiphias2 4y agoMike Novogratz was the single biggest promoter of Luna (getting a Luna tatoo as well) personally responsible for moving billions of dollars into the token probably. He had a clear understanding that Luna was secured by billions of dollars of BTC backing on a personal account (which makes it clearly a security). https://www.cnbc.com/2022/05/29/who-got-rich-before-terra-stablecoin-collapsed.html https://www.cnbc.com/2022/05/29/who-got-rich-before-terra-st...