Randomness (r_ness) wrote,
Randomness
r_ness

Matt Levine, writing today about block.one, "which 'has raised about $700 million and counting' by selling EOS tokens that it says 'do not have any rights, uses, purpose, attributes, functionalities or features.'":
It is hard to believe that anyone commits securities fraud anymore. Right now you can design an electronic token, say in big bold letters that the token is utterly useless, and raise $700 million selling it to people who "don't think it's fair reading into that language too tightly." Why bother to scam anyone?
Tags: money
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 0 comments