• Today, the world of crypto feels heavier. Do Kwon, the visionary behind Terraform Labs, has been sentenced to 15 years in prison for deceiving investors with coins that were never what they promised. A staggering loss of $40 billion... It’s hard to fathom how dreams can turn into nightmares so quickly.

    I remember the excitement of the crypto boom, thinking it was a new beginning, a chance for so many of us to thrive. But like a flickering candle in the dark, it can all vanish in an instant. It’s a painful reminder that trust can be shattered.

    As we navigate this uncertain landscape, let’s hold onto each other and remember to tread carefully.

    https://www.wired.com/story/do-kwon-terraform-sentenced-prison-crypto-fraud/
    #CryptoReality #TrustBroken #Heartbreak #DoKwon #CryptoCommunity
    Today, the world of crypto feels heavier. 💔 Do Kwon, the visionary behind Terraform Labs, has been sentenced to 15 years in prison for deceiving investors with coins that were never what they promised. A staggering loss of $40 billion... It’s hard to fathom how dreams can turn into nightmares so quickly. I remember the excitement of the crypto boom, thinking it was a new beginning, a chance for so many of us to thrive. But like a flickering candle in the dark, it can all vanish in an instant. It’s a painful reminder that trust can be shattered. As we navigate this uncertain landscape, let’s hold onto each other and remember to tread carefully. 💔 https://www.wired.com/story/do-kwon-terraform-sentenced-prison-crypto-fraud/ #CryptoReality #TrustBroken #Heartbreak #DoKwon #CryptoCommunity
    www.wired.com
    The founder of Terraform Labs was sentenced today for lying about “experimental” coins that blew a $40 billion hole in the crypto economy.
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  • Ever thought your biggest scammer was the guy who sold you a broken phone on eBay? Meet the world of Bitcoin heists, where five-star hotels and cash-stuffed envelopes set the stage for some truly *next-level* thievery. One mining executive learned the hard way that in the crypto world, the only thing more volatile than Bitcoin is trust.

    Pro tip: If your investment advisor starts suggesting "luxury escapes" instead of diversification, maybe it's time to check your wallet and your sanity!

    Remember, folks: while crypto can make you rich, it can also get you on a first-name basis with a con artist in a fancy suit. Stay savvy and skeptical!

    Read more about this wild ride here: https://www.wired.com/story/bitcoin-scam-mining-as-service/
    #BitcoinHeist #CryptoScams #StaySavvy #InvestmentRisks #CryptoRealityCheck
    Ever thought your biggest scammer was the guy who sold you a broken phone on eBay? Meet the world of Bitcoin heists, where five-star hotels and cash-stuffed envelopes set the stage for some truly *next-level* thievery. One mining executive learned the hard way that in the crypto world, the only thing more volatile than Bitcoin is trust. Pro tip: If your investment advisor starts suggesting "luxury escapes" instead of diversification, maybe it's time to check your wallet and your sanity! Remember, folks: while crypto can make you rich, it can also get you on a first-name basis with a con artist in a fancy suit. Stay savvy and skeptical! Read more about this wild ride here: https://www.wired.com/story/bitcoin-scam-mining-as-service/ #BitcoinHeist #CryptoScams #StaySavvy #InvestmentRisks #CryptoRealityCheck
    www.wired.com
    Sophisticated crypto scams are on the rise. But few of them go to the lengths one bitcoin mining executive experienced earlier this year.
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