They put their retirement savings into “insured” accounts with “guaranteed” reasonable returns.
You say they should have known it was scams, but if they were scams why was the news filled with tales of the success of crypto, and tech sites and “influencers” all aggressively pushing crypto.
If these were scams then why wasn’t the news filled with them being shut down?
No these are people who, as far as they understood, were simply storing their savings in a “high” interest rate savings account. They weren’t throwing money around on coin base, or following micro trends. They were doing the right thing, and trying to limit the amount of value their savings were losing to inflation.
Remember the account values of many of these services were reported as still belonging to them. What happened was one morning they woke up to find out that the balance they were seeing was a lie as the companies had sold off their assets, and lost all their money, without their permission, and was refusing to let them withdraw it.
Then some asshole like you comes along and says that it’s their fault.
They put their retirement savings into “insured” accounts with “guaranteed” reasonable returns.
You say they should have known it was scams, but if they were scams why was the news filled with tales of the success of crypto, and tech sites and “influencers” all aggressively pushing crypto.
If these were scams then why wasn’t the news filled with them being shut down?
No these are people who, as far as they understood, were simply storing their savings in a “high” interest rate savings account. They weren’t throwing money around on coin base, or following micro trends. They were doing the right thing, and trying to limit the amount of value their savings were losing to inflation.
Remember the account values of many of these services were reported as still belonging to them. What happened was one morning they woke up to find out that the balance they were seeing was a lie as the companies had sold off their assets, and lost all their money, without their permission, and was refusing to let them withdraw it.
Then some asshole like you comes along and says that it’s their fault.