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%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia 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.

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 MY
 

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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines