Comment by salynchnew
3 days ago
Given the number of ultrarich and powerful people that already hate the Hindenberg folks... my guess would be that there is some calculus here about the incoming U.S. presidential administration's enmity towards whistleblowers and their prior statements about changing libel laws in the U.S.
Um, yes.
Starting next week, it's open season on suckers. It's going to be like the glory days of the Tel Aviv binary options scammers, who at one time were 40% of the Israeli finance sector and had good political connections.[1] Crypto deregulation is coming. No more CFPB enforcement! No more SEC enforcement!
There are still people who haven't lost money in crypto yet who can be targeted. They're all little people. No one will help them. Just pay off some influencers and start up your scam.[2]
[1] https://www.timesofisrael.com/topic/binary-options-fraud/
[2] https://www.reddit.com/r/memecoins/
>It's going to be like the glory days of the Tel Aviv binary options scammers, who at one time were 40% of the Israeli finance sector and had good political connections.
When I started at Goldman Sachs 25 years ago, I was told early on of an "Israeli discount" and "Canadian discount"; that is, investors were more skeptical of companies based in those countries.
I was not told of any more details than that at the time, but I now wonder if what you said is the cause?
Right, that's about when Netanyahu first took over. The Netanyahu era hasn't been good for Israel, but it's been great for Netanyahu's cronies.
In the US, south Florida seems to be the scam capital.
Musk famously hates short sellers, the Trump Social CEO has done the "blame the short sellers" bit, Eric Trump is hyping crypto coins, Trump himself is eager to take credit whenever the market goes up... I think it's almost guaranteed that they'll target short sellers specifically at some point. They're a easy target to blame, and divert attention from the the fact that they are actually fleecing investors right at this moment.
Soon the only crime will be exposing fraud.