Hawk tuah gets sued for crypto rug pull
(twitter.com)
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Agreed. She also needs to be punished for the scam.
Everyone involved did reprehensible things.
I doubt if she had much to do with the scam. It was probably some grifting conmen that came sidling up with, "hey, here's a great idea!" and she's like, "sure, sounds awesome, I'm in!" and then they rob her and everyone else blind.
There is a model where celebrities endorse shitcoins for a set amount of real money (U.S. Dollars). Trump endorsed some shitcoin before the election, was paid for it, but it was only available in Europe. She definitely made money from it, if not from people pumping the value or from an endorsement fee. If it was just an endorsement, they can't pin for anything.
Right and that money still has to be taken from her to make sure she doesn't do it again. Whether the victims are rubes or not. You always confiscate the proceeds of illegal activity and refund the victims when you can. Even when they left their car door open.
Oh I don't doubt that she made some money, but I doubt that she had the knowledge to orchestrate the con.
No fucking way. She doesn't even know how to make her morning coffee. She was approached by people who knew exactly what they were doing and going to do. She isn't named in the complaint because the lawyers know better. At most she'll be deposed for what she does know, but that's it.
Nothing will befall her. The case will be swiftly kicked out of court. For one, pump-and-dump scams are very, very illegal ... with stocks. Which is why crypto coins were invented, so scammers could pull off the same pump-and-dump scams with "not stocks" shitcoins.
THAT is the reason crypto was invented. For pump-and-dump scams. There's no debate about it. That's what they fucking are. A huge scam.
In a way. I'm sure the first guy was like "I'm going to invent a currency and own half of it." Which makes it the same as every other currency. If you use dollars, it's just a long pump and dump scam.
Speculators ruin everything.