Yeah, if it hadn't imploded or he managed to exit before it did, I'm sure he would have enjoyed the money. Well it didn't go so well, tough luck for what was essentially a gamble.
I still feel bad but only in the measure that poor economic literacy contributes to people falling for these scams. That and old-fashioned greed :)
7% risk-free savings with negative interest rates... Come on.
I mentioned this in a sister comment, but in a bit of fairness to me, Gemini was claiming some degree of FDIC insurance on GUSD coins. I definitely should have read the fine print more thoroughly.
I still feel bad but only in the measure that poor economic literacy contributes to people falling for these scams. That and old-fashioned greed :)
7% risk-free savings with negative interest rates... Come on.
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