The "What is happening?" and "How is it happening?" sections of the article spend 900 words differentiating legal financial services from cryptocurrency scams.
> Normally these frauds are recognized for what they are quite quickly and the courts and regulatory bodies can clean up the mess and rectify the damages to those who have been misled
That just comes off as total BS to me. How many regular people were awarded damages after the 2008 meltdown, which was due to massive fraud in the mortgage industry?
That seems true. The system relevant banks got their bailout. Regular people OTOHS are not system relevant. So everything's fine. /s
Capitalism for the poor, socialism for those close to the core developers.