I cannot handle this day

On the logical flimsiness of Chris Dixon's viral "Web2 to Web3: Your Take Rate Is My Opportunity" thread:

Code + Regulation -> Fraud Prevention #crypto

After calling bullsh*t on Luna, Celsius, and FTX well before any of them collapsed, I have a bit of credibility with the mainstream media. I want to use that credibility to call attention to the worst and largest of all the scam perpetrators in the "crypto" space, a16z 🧵👇

How does a16z crypto make money? 1- acquire unregistered security token at 90% discount 2- promote token (by lying) via their media business 3- get token listed on Coinbase 🛡️ 4- dump token on retail as soon as it's listed 5- rinse and repeat

BREAKING: “#Italian court grants first injunction against #NFTs infringing #trademark rights.” The first known judgement by a #European #court holding that NFTs reproducing a third party’s trademarks without authorization are infringing & hence granting a related injunction ⬇️

👀

Didn't you tell during this *enjoyable* interview? And don't say that you were "fooled".. youtu.be/pHrhOg4l4Gw

This chart ALMOST looks like it did "back in the good ol' days" 🤧

WE are shocked that you are *shocked* with such an amazing *research* team!

🚨1/ Funds stolen from FTX are on the move and exchanges should be on high alert to freeze them if the hacker attempts to cash out

Daniel Shin’s -Terra’s cofounder- $104 M *frozen* by the Seoul Southern District Court, for: -> making *unfair profits* in the process of launching the #cryptocurrency '#Terra' and '#Luna'; & -> leaking customer transaction information of #ChaiCorporation to #Terraform Labs. 🚩

"How could no one have seen this coming? One problem is that in the months leading up to Bankman-Fried’s transition from financial genius to possible financial criminal, he received little scrutiny in the media. On the contrary, he was celebrated." fair.org/home/while-cry…

"Today, we have seen what is probably the largest – and certainly the most spectacular – failure to date in the crypto ecosystem," the collapse of the #crypto #trading platform #FTX and most of its #associated #businesses." "So I…lnkd.in/dmEF736U lnkd.in/dfw8Eh7i

Social lubricant. #Twitter

"How many Hi._ _ ers does an office need?"

"The whole point of you working here was we wouldn't have to erase people s memories any more.."

Oops

U.S. Securities and Exchange Commission Charges Samuel Bankman-Fried with Defrauding Investors in #CryptoAsset Trading Platform #FTX. Defendant concealed his diversion of FTX customers’ funds to #crypto trading firm #AlamedaResearch while raising more than $1.8 billion from investors." sec.gov/news/press-rel…