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

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 87%

Business News News

Business Business Latest News,Business Business Headlines

'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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in BUSİNESS

Business Business Latest News, Business Business Headlines