In general I have a lot of sympathy for scam victims. But not for anybody in cryptocurrencies, not lately. The slightest of due diligence would have turned up the enormous set of concerns. They had every opportunity to know that there were risks; they just chose to ignore them. I would feel worse for somebody who bought magic beans than a person who "invested" in cryptocurrency in the last few years.
Crypto is difficult to use, so if you used it to lose all that money, it's not that you didn't have the ability to know better, it's that you didn't want to know better (because of your greed.)
if you go investing in new unregulated chaotic markets without doing due diligence to at least research what your investing in you are at least somewhat culpable for your own losses. Don't invest in thing you don't understand.
This is a weak argument. I believe most knew of the potential downside, they just chose to ignore it. And if they have that little understanding of finance, that's what a savings account is for.
They were going to lose their money either way. The funny bit isn't people who were taken advantage of, but that the one taking the advantage actually sees some negative consequences of it.
I can agree with that, the unfortunate bit is that a couple of others (even the one I was replying to before you replied) have responded to my post actually laughing at the victims.
Which victims, the account holders or investors? I think we can all agree that idiot investors like SoftBank and Sequoia Capital deserve a little laughter.