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New York sues crypto firms for losing over $1 billion(www.theverge.com)

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Dr. Dabbles@lemmy.world
8 points

That’s it what the lawsuit is about here. It was the fraudulent misrepresentation of the investments that was illegal.

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blazera@kbin.social
0 points

I dont believe for a second anyone thought these werent risky investments.

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Dr. Dabbles@lemmy.world
2 points

That’s because you and I aren’t complete fools. But when you pay a bunch of celebrities to talk about their apes, coins, and other moronic shit on national and international TV, less aware people tend to be duped. It’s a confidence scam, after all.

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Franzia@lemmy.blahaj.zone
5 points

You didnt read the whole article. All of these firms also did fraud, not just misrepresenting the risks.

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