simple@lemm.ee to Technology@lemmy.worldEnglish · 1 year agoNew York sues crypto firms for losing over $1 billionwww.theverge.comexternal-linkmessage-square25fedilinkarrow-up1194arrow-down15
arrow-up1189arrow-down1external-linkNew York sues crypto firms for losing over $1 billionwww.theverge.comsimple@lemm.ee to Technology@lemmy.worldEnglish · 1 year agomessage-square25fedilink
minus-squareblazera@kbin.sociallinkfedilinkarrow-up25·1 year 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-up9·1 year 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-up7·1 year 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-down2·1 year agoI dont believe for a second anyone thought these werent risky investments.
minus-squareFranzia@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up4·1 year 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.