The whole premise of crypto is that it's unregulated, so yes it should 100% be assumed that you're probably going to get swindled.
There was a story about how Sequoia (or a different VC) gave FTX millions while SBF was playing games during the call with them. I mean, if nothing else, if you can't expect the tiniest ounce of professionalism from a company you're investing in, I find it hard to feel bad for you when you're scammed out of that investment.
I think most people have roughly zero sympathy for institutional investors that give good money to garbage companies, but what's outrageous here is that be stole customer funds.
I'm certain each party felt they could swindle the other. Hence the lack of professionalism from one party, and the apathy towards the behavior from the other.
When one has a king-high full house, they should call every raise. But that but no one knows if that's the winning hand until everyone shows their cards.
>I'm certain each party felt they could swindle the other.
There's a reason trader turrets handsets and boxes have high resistance non latching push to talk switches. Because both sides of every deal think the other sides just that in the most regulated markets and otc / "self reg" alike.
There was a story about how Sequoia (or a different VC) gave FTX millions while SBF was playing games during the call with them. I mean, if nothing else, if you can't expect the tiniest ounce of professionalism from a company you're investing in, I find it hard to feel bad for you when you're scammed out of that investment.