I don’t fully understand what happened, but people have said he took money out of a ‘marketing budget’ - if people crowdfunding money to market their new currency and he instead took it for himself, that would morally be theft, though whether it would be illegal or not would depend on the small print (is there a “CEO…

Honestly you can drop the “Buys a Tesla” part because it’s sorta implied by the rest already 

There’s gonna be a story where the most valuable person in the world is hunted down for having no money in their dna.

Plus, calling it a “scam” implies it was illegal or there was a difference between what he did here and other crypto coins, but it sounds to me like it was exactly how these things normally work. So yeah, it was a scam in the sense that all those crypto coins are scams, and anyone investing in any of them is foolish.

I played Runescape for maybe a month over a decade ago. There was a player offering to show me a duplication hack.

He said the trick was drop all your items and immediately press Alt+F4...

I told him that I knew what Alt+F4 did and was going to report him, at which point he said he was going to report ME for hacking...

Co…

Yeah, I’m reading the description of what he did, but it seems exactly like what happens with 90-odd-percent of all crypto coins. The only thing that’s more shady than usual is he floated what I believe they call a “hype coin” but pretended it was something he wanted to have longevity. Which I suppose is exactly how…

Yeah, for any *legal adults* who were scammed by him it’s hard to give a shit.  Kids, though, I do feel bad for and hope they learn a valuable lesson.

Fun Fact: Iago’s Image Song is called ... I’m Looking Out For Me.

Once again we must ask you to automatically append this video to any article about crypto:

It was allegedly a hoax he orchestrated with his viewers to have the police called on an American Airlines flight to Phoenix for a bomb threat

what else do you expect from a runescape player? selfishness and “sucks to be you” is their whole personality

Yes.

I wish there was some third option here in which the scammer didn’t RECEIVE any money, but his idiot fans somehow still LOSE that money. Everybody sucks here.

I imagine (or at least hope to imagine) that a lot of his “fans” are kids or really young adults who don’t get the whole parasocial relationship thing. They’re really susceptible to hype and fomo, and a need to belong in some group.

It makes them perfect targets for predators like dumbass over here(since I refuse to…

This is how the zombie apocalypse starts. Turning people into crypto.

Isn’t “Crypto Scheme” redundant?

I just love the fact that this article attracted two completely separate comments featuring Gilbert Gottfried GIFs, which is entirely appropriate.

Stop giving these pieces of trash money.