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Did AH take money from retail investors? I suppose you can claim they pumped these products. I'm not convinced it's any different than what happens with an IPO
by dibt 4y ago
Did AH take money from retail investors? I suppose you can claim they pumped these products. I'm not convinced it's any different than what happens with an IPO that started with VC money. I'm not saying it's good, just that it's as bad as anything that's regulated.
- shuckles 4y agoWould you consider cashing out pre-ICO tokens for bogus projects to “accredited investors” (ie retails) as “taking money”?
- dibt 4y agoI have no doubt that anybody that had access to pre-release allocations were well aware of the risks. Net worth was likely checked. They don't need to be treated like a child. Probably a civil matter anyway - no expectation of jail, which was what the parent commenter referenced.
- shuckles 4y agoI was referring to insiders selling at ICO to retails. I’m sure insiders were savvy and made plenty of money.
- wolski 4y agohttps://www.youtube.com/watch?v=kSXQgCP3WQw&t=1620s https://www.youtube.com/watch?v=kSXQgCP3WQw&t=1620s A good explanation on how these schemes usually work out.