zlacker

>>mkeete+(OP)
> While we have informed users that there are no absolute guarantees against risks

I'm... uh.... fairly certain this was not the crux of their marketing which severly downplayed the underlying risk. There is also a huge spectrum between "we cannot guarantee that there is 0 risk" (which seems to be what the above sentence is saying), and "there exists a risk that all of your funds disappears in 24 hours".

It seems like there is some serious rewriting of history going on here.

Question though, do the founders here have any potential criminal liability from this whole situation (including apparently lying about what they were doing with their customers funds)?

>>nrmitc+ib
This was their old marketing:

https://news.ycombinator.com/item?id=31431915

-"15% interest. No surprises."

>>perihe+Sb
Was it 15% monthly or 15% annual?

>>gus_ma+8f
Well 15% monthly woud be ~535% annual and at that point you're well past "highly unlikely" and into "I'm printing money in my 20k sqft basement" territory.

>>nrmitc+Zg
We had a big Ponzi that exploded last month in Argentina (and extended to a few nearby countries). They promised a monthly interest from 7.5% to 20% (and IIRC they has even better offers for special "investors"). For example see https://www.ambito.com/informacion-general/generacion-zoe/le... autotranslation https://www-ambito-com.translate.goog/informacion-general/ge...