BAGS is a crypto platform where relative strangers can make meme coins and nominate a recipient to receive some or all of the funds.
In both Steve Yegge and Geoffrey Huntley's cases, tokens were made for them but apparently not with their knowledge or input.
It would be the equivalent of a random stranger starting a Patreon or GoFundMe in your name, with the proceeds going to you.
Of course, whether you accept that money is a different story but I'm sure the best of us might have a hard time turning down $300,000 from people who wittingly participate in these sorts of investment platforms.
I don't immediately see how those left holding the bag could have ended up in that position unknowingly.
My parents would likely have a hard enough time figuring out how to buy crypto, let alone finding themselves rugpulled by a meme token is my point so while my immediate read is that pump and dump is bad, bad relative to who the participants are is something I'm curious to know if anyone has an answer for