There's only one difference between Do Kwon and Giancarlo Devasini/van Der velde.
Do Kwon was dumb enough to be in the spotlight.
Same cult following, same dollar token scam, same ponzi scheme design.
Do Kwon was dumb enough to be in the spotlight.
Same cult following, same dollar token scam, same ponzi scheme design.
Tether achieved their backing by putting crypto shitcoins into their reserves and pumping the crypto shitcoins, and then lying about it. UST/Luna did the same thing, but it was more obvious, which resulted in the collapse.
If Do Kwon mentioned he had a 60 billion dollar reserve of dollars somewhere to back the tokens, his cult followers would have believed him.
Just like Tether is believed today.
Just like Tether is believed today.
The two main Tether executives have never come out to do an interview to answer questions, that's for a reason.
Everyone tends to forget that Bitfinex itself, was founded, and ran as a ponzi scheme. Those aren't my words.
They're the words of founders and shareholders of Bitfinex.
They're the words of founders and shareholders of Bitfinex.
Loading suggestions...