i don’t even think it’s particularly opaque. just exceptionally strong appeals to dumb guys who want to be smart guys, and a regulatory/media regime that’s historically too meek to enforce laws on tech but also outright taking bribes

RT @[email protected]

Wow the opaque finances of crypto allows for misconduct https://twitter.com/kadhim/status/1620350989307121664

🐦🔗: https://twitter.com/poppy_haze/status/1620424401090125824

kadhim (^ー^)ノ on Twitter

“Wow. Celsius used investor/customer funds to prop up the price of its own CEL token, helping employees including CEO Alex Mashinsky sell, according to the Examiner. Mashinsky cashed out $68.7mn. Employees said what they were doing was “very ponzi like”. https://t.co/kJLwovOkRt”

Twitter
i forget who but there’s a pundit on here who keeps making the point that the problem here isn’t regulations, what the crypto guys are doing isn’t complicated and is also extremely illegal under existing laws. the government just has to care enough to do something