This is what they were dong: They were using investor funds to support losses for another company. They gambled on crypto with investor money and put up their own pump-and-dump proprietary shitcoin as collateral on the loans.

t wasn't actually a ponzi scheme, just plain old fraud.

This is what they were dong. They were using investor funds to support losses for another company. They gambled on crypto with investor money and put up their own pump-and-dump proprietary shitcoin as collateral on the loans.

t wasn't actually a ponzi scheme, just plain old fraud.