LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

SBF: LUNA is different from the female Jobs Theranos scam

May 15, 2022
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

FTX founder SBF said on social media that LUNA is a case of popular enthusiasm and excitement. Marketing and Meme drive people to believe something false, but this is not the same as Theranos, the blood testing company founded by the female version of Jobs Elizabeth Holmes. Defrauding investors is not the same.

SBF said that LUNA/UST is bad, but its mechanism is very transparent and has not been misinterpreted. Do Kwon does not claim that UST is backed 1:1 by the US dollar, and clearly states that UST is backed by a bunch of volatile assets.

In addition, the SBF also emphasizes that most bad investments are not Ponzi schemes, some are fraud, some are bad luck, and some are in between. Investments that have lost more than 50% since the beginning of the year: Netflix, LUNA, AMC, and the ARK Innovation ETF (ARKK).

Previous ArticleRaceNetwork will use the Mint coinage mechanism to complete the complete architecture construction of the first version of the product
Next Article Blockchain service company OwlTing partners with Nium to support cross-border payment services

Related News

April 1, 2023

Bank of England allows CBDC and cryptocurrencies to coexist

April 1, 2023

Bitcoin surpasses Nasdaq 100 and S&P 500 to become the best-performing asset class in the first quarter of 2023

April 1, 2023

Forbes: “Metaverse’s first stock” Roblox may face money laundering charges

April 1, 2023

Bitcoin white paper to be showcased at F1 race

April 1, 2023

Data: TUSD daily trading volume exceeds 1 billion US dollars

April 1, 2023

NFT sales on the Polygon chain exceeded $36 million in March, a new high since May 2022

April 1, 2023

Musk Seeks to End $258 Billion Dogecoin Lawsuit

April 1, 2023

Data: The total market size of Aave V3 on Ethereum exceeded 1 billion US dollars

The Latest
Business News April 1, 2023
Bank of England allows CBDC and cryptocurrencies to coexist
Bitcoin News April 1, 2023
Bitcoin surpasses Nasdaq 100 and S&P 500 to become the best-performing asset class in the first quarter of 2023
Metaverse News April 1, 2023
Forbes: “Metaverse’s first stock” Roblox may face money laundering charges
Bitcoin News April 1, 2023
Bitcoin white paper to be showcased at F1 race
Altcoin News April 1, 2023
Data: TUSD daily trading volume exceeds 1 billion US dollars

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.