Re:FTX collapse, Tether operations have linked to online-pok...
by xorcist on Monday November 14, 2022 @09:41AM
(#33594576)
VCs buys anything they think they can unload on PE, funds, or even retail later down the line.
It's not specific to crypto. Theranos was a similar fraud, and so was WeWork.
They can make a public spiel about how they were deceived as long as they want, but to anyone following them at the time it was obvious they were going in with their eyes open. Whether the product works or not is simply not their top priority when making an investment.
It's not specific to crypto. Theranos was a similar fraud, and so was WeWork.
They can make a public spiel about how they were deceived as long as they want, but to anyone following them at the time it was obvious they were going in with their eyes open. Whether the product works or not is simply not their top priority when making an investment.