If Do Kwon and Sam Bankman-Fried (SBF) launched new crypto projects would you invest in them?
If Do Kwon and Sam Bankman-Fried (SBF) launched new crypto projects would you invest in them?
At this point in time and with what has happened last year anyone that agrees to invest in another crypto project built by Do Kwon the CEO of Terra Labs the owners of LUNA and UST, and the former CEO of FTX Sam Bankman Fried the supposed rival to the biggest centralized crypto exchange in the world by daily trading volume Binance is either new to the crypto space or the person does not like his or her money very well and just wishes to gamble with it away because as for me and so many people in this crypto space you would literally have to brainwash us before we would even invest $10 into any coin or crypto project developed by Do Kwon and Sam Bankman Fried (SBF).
In my opinion, both Do Kwon and Sam Bankman Fried (SBF) should both be locked up and sitting in a jail cell right now because they are both criminals and have pulled the biggest crypto heists or rug pulls the crypto world has seen and come out of it clean while their investor and customers that did not diversify, and painfully did not invest their major bag or money into other crypto projects because they believed in Do Kwon and Sam Bankman Fried (SBF) so much got burned and are struggling and starting their lives all over again because many of them lost their life savings and all the had to LUNA and FTX.
Last year, was brutal for crypto traders and investors due to the crash and collapse of Terra Labs projects LUNA and its stablecoin UST, also because of the crash of FTT which is FTX native token, and the collapse of FTX itself which dragged Bitcoin price down to $15k level and the entire crypto market followed suit with a huge dump, although Bitcoin has recovered fully from the crash caused by FTX and we are still hoping to fully recover from LUNA and UST crash which would be when Bitcoin hit $40k and above.
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If they display or create new crypto, of course we have to think more deeply whether we dare to invest.
I would not even dare to invest.
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