this post was submitted on 11 Mar 2026
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From millions of dollars to under a grand: The dramatic fall of the NFT (english.elpais.com)
submitted 1 day ago by NomNom@feddit.uk to c/technology@lemmy.world
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[–] PixelatedSaturn@lemmy.world 1 points 1 day ago (1 children)

I think it's an exaggeration of its crime utility. Normal money is king for crime.

[–] underisk@lemmy.ml 1 points 1 day ago (1 children)

Normal money can get you a visit from the SEC when you do securities fraud with it. Has that ever happened with a crypto pump and dump?

[–] PixelatedSaturn@lemmy.world 1 points 1 day ago (1 children)

Yes.

[–] underisk@lemmy.ml 1 points 1 day ago* (last edited 1 day ago)

SBF wasn't doing securities fraud with only crypto, if that's what you're thinking of. Also it was a pyramid scheme and not a pump and dump.