simple@lemm.ee to Technology@lemmy.worldEnglish · 11 months agoNew York sues crypto firms for losing over $1 billionwww.theverge.comexternal-linkmessage-square24fedilinkarrow-up1183arrow-down15 cross-posted to: technews@radiation.party
arrow-up1178arrow-down1external-linkNew York sues crypto firms for losing over $1 billionwww.theverge.comsimple@lemm.ee to Technology@lemmy.worldEnglish · 11 months agomessage-square24fedilink cross-posted to: technews@radiation.party
minus-squareblazera@kbin.sociallinkfedilinkarrow-up24·11 months agoIts always stories like this that come to mind anytime someone excuses wealth with, “they deserve it because they took the risk”. Whenever that risk doesnt go their way, the government bails them out.
minus-squareEczpurt@lemmy.worldlinkfedilinkEnglisharrow-up8·11 months agoIt really is astounding how quickly it goes from a “fuck you I got mine” to “how about we share some wealth around here?”
minus-squareDr. Dabbles@lemmy.worldlinkfedilinkEnglisharrow-up7·11 months agoThat’s it what the lawsuit is about here. It was the fraudulent misrepresentation of the investments that was illegal.
minus-squareblazera@kbin.sociallinkfedilinkarrow-up2arrow-down2·11 months agoI dont believe for a second anyone thought these werent risky investments.
minus-squareFranzia@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up4·11 months agoYou didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.
Its always stories like this that come to mind anytime someone excuses wealth with, “they deserve it because they took the risk”. Whenever that risk doesnt go their way, the government bails them out.
It really is astounding how quickly it goes from a “fuck you I got mine” to “how about we share some wealth around here?”
That’s it what the lawsuit is about here. It was the fraudulent misrepresentation of the investments that was illegal.
I dont believe for a second anyone thought these werent risky investments.
You didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.