yeah but nowadays everyone is constantly calling everyone out, everything is a shitcoin if it's not your favorite thing, etc, so too much noise in that
Harry Markopolos was calling out Madoff for nearly a decade, with accounting-based evidence on why it was impossible and an incredibly simple way to verify if Madoff was lying for the SEC or the DTCC. The SEC never bothered to check if he was lying about his trades (or simply decided to keep it quiet), the kind of thing that would likely take them minutes to find out.
It's really more like Hindenburg Research and Adani. Hindenburg Research is just better at making a splash. But the evidence was always damning.
Or... a completely brand new market with billions of dollars sloshing around, varying between completely unregulated and effectively unregulated, is actually rife with actual fraud.
It's really more like Hindenburg Research and Adani. Hindenburg Research is just better at making a splash. But the evidence was always damning.