Most crypto companies will 'crash' after years of industry Ponzi schemes: Palantir co-founder

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'DRIVEN BY CHEAP MONEY': Expert sounds the alarm on more crypto companies collapsing.

, but cryptocurrency will remain a crucial tool for exchange funds globally, a venture capitalist told Fox News.

"Overall, I think you're going to have most things crash," said Joe Lonsdale, an investor and a co-founder of software company Palantir. Various crypto lenders, crypto tokens and other parts of the ecosystem were"a Ponzi scheme, and it made no sense whatsoever.

FTX founder Sam Bankman-Fried is facing an onslaught of legal repercussions over his involvement in the collapse of FTX.in early November after reportedly losing at least $1 billion.

 

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Biden- Ukraine- oligarchs- ftx- Demoncrats- Biden

Regulation does not stop fraud…

Arrest him should be the only chant we hear and see

Last crypto standing is probably a buy

, instead of trying to emphasize crypto regulations, you should concentrate on painting this guy as a fraud, thief, and scammer; it suppose to be unregulated and free of any governments, and that’s the point of Crypto; Crypto is not at fall here, the thief is.

Shocking, who could have seen that coming….

SCAM

This dude is something else, he made a mistake my ass, that crap may work with his parents but we demand the maximum punishment allowed by law.

F that. Regulation or not if there is one thing that's assured it's the unethical practices by major financiers of society, predatory to the prosperity of people and humanity. ----- Joes words mean jack shit. It's sophistry.

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 /  🏆 9. in BR

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