3 ms·
It was never well capitalized. They used their own made up token as an asset and assigned a fake inflated valuation to it.
by bluedevil2k 4y ago
It was never well capitalized. They used their own made up token as an asset and assigned a fake inflated valuation to it.
- anotheracctfo 4y agoIt's wild to me that they can basically print counterfeit USD and put it on their SEC filings, and the Treasury is just okay with it.
- shawabawa3 4y agoSEC filings? They never made any SEC filings The vast majority of their business was based in the Bahamas and Antigua to avoid US regulators