Reconnaissance Energy (Africa) Ltd V.RECO

Binance. Is Another Fraud on the Market

[Oregonduck]

"The economist known as “Dr. Doom” [who predicted the subprime crisis in 2008] slammed cryptocurrency platform Binance’s CEO Changpeng Zhao as a “walking time bomb” on Wednesday following the implosion of its rival FTX.

Nouriel Roubini, a New York University professor, blasted top figures in the cryptocurrency sector as “con men” just days after leading platform FTX collapsed into bankruptcy.

Roubini, who was participating in a panel for Abu Dhabi Finance Week in the United Arab Emirates, was particularly critical of Zhao — arguing regulators should think twice before allowing him to operate.

“What are the 7 C’s of crypto? Concealed, corrupt, crooks, criminals, con men, carnival barkers and, finally, CZ,” Roubini said — the latter being a reference to Zhao."

(citation omitted)

Kevin "0'Leerly" was the spokesman for FTX.?

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Mr. Duck you and Dr. Doom were too late on this one. Warnings should have been given long ago. Crypto is probably the biggest con ever and the Chinese behind it all. At least when the infamous Tulip Bulb Craze ended in Holland centuries ago the folks had some pretty flowers to look at!

[Angus66]

You know maybe instead mining bitcoin they should drill for oil in Namibia. Chances are better with the latter instead of the cryto crasiness. JMHO

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You got that right Angus! At least with Recaf there could be something big and a chance instead of just vapor ware!