New Terra-Luna Revelations: It's Worse Than We Thought

[@DrSneakers]

You can scam retail investors and get away with it, but once you start messing with institutional investors, the SEC is gonna hunt you down lol

[@samsonsoturian6013]

Shut up and get drafted, greedo

[@brooklynknite]

Agree 💯.

[@Prositon1]

No… but you will be prosecuted with less force, less energy and less interest. Understanding that most regulatory bodies focus on a risk based approach leads to less resources beeing allocated towards retail

[@samsonsoturian6013]

@@brooklynknite shut up

[@samsonsoturian6013]

@@Prositon1 shut up

[@christesterman]

I might not be the smartest person in the world but at least I don't have a Luna tattooed on my arm.

[@gregtaylor9806]

A permanent reminder of his own foolishness

[@jmitterii2]

Wish he and others pumping this type of garbage would have had it tatted on their forehead so we also would know not to listen to these grifters.

[@dousiastailfeather9454]

Remorse?

[@SamuelLanghorn]

there are ways to get rid of it. Either you do some skin treatment or you artistically enhance it. My suggestion is to Luna becomes Bluna, a European softdrink maker.

[@JustMe-xb4ey]

The public arrogance of Do Kwon in his tweets before the meltdown was over the Top. People should try to find those tweets and read them for entertainment. Great video brother!

[@lgunderso2117]

I’d love to see this

[@TonyKingOfTheOzone]

Steady Lads, Deploying Capital an instant classic.

[@davel4030]

Your size is not size! Great reading for sure, get some popcorn. Lol

[@davel4030]

​@@TonyKingOfTheOzoneright, Justin Sun even copied that letter for letter. A great facepalm moment for sure

[@Based_Sir887]

I want this as a tattoo lol @@TonyKingOfTheOzone

[@donnyjay4269]

You can get away with scamming retail, but once you scam rich people. You will 100% go to jail.

[@id10t98]

His mistake was using the Costa Rica passport. Everyone knows you dont use that one as a fugitive.🤣

[@tenglim4406]

Jail, I'm not sure about it?! But at least, the underworld might be looking him though?!

[@resa574]

Because the scams targeting retail are mostly retail's fault for falling for them Instutional scams are generally pretty sophisticated and more than just a marketing gimmick, plus there's more of a monetary reward for doing so too

[@Tie509]

The "smart money" knew 100% it was a scam. They knew that their investment will give it legitimacy. Then they wait for the "dumb money" to follow them and they try to rug pull before they get burned. Sometimes it works, sometimes it does not work.

[@carboy101]

Trust me the smart money isn’t that much smarter than dumb money. Both can easily be fooled sometimes smart figures out it’s scam before they invest

[@LesserAndrew]

This would explain a16z's interest in crypto

[@tomlxyz]

​@@carboy101i think there was at least one big investment bank or something like that which invested without deep research because the amount of money they invested was relatively low for them. They're just putting money in a couple of high risk investments in case one of them blows up

[@jmitterii2]

Bingo! Then there are some of the "smart" money that is truly dumb. And snorted a bit too much of the line of coke.

[@SYLperc]

investing in a scam early is surprisingly profitable if you get out early enough

[@ZorroComputers]

This crypto craze is the biggest ponzi cheme ever.

[@velocirapture89]

Amen

[@Flynbourne]

There is no such thing as a “sophisticated crypto investor”. It is an oxymoron.

[@patrickmccarthy5617]

Same goes for everything else in investing. Stfu

[@jayo3074]

​@@patrickmccarthy5617not real estate. You have to be intelligent for it

[@MarkSmithhhh]

​@jayo3074 lol, yeah, buy house...wait x number of years...sell house Real tough

[@bravosierra2447]

Had a brief chat with Do Kwon when I showed interest in his new terra project. He sent me a prospectus but I decided not to invest in it. This was after terra Luna had collapsed.

[@KattD.]

If you truly met that commie scumbag. It's a shame you didn't make him eat steeltoe combat boots! I'd be more then honored to earn an assault charge against that scumbag. I'd be glorified for it! 🎤 Drop

[@charles3450]

Can you share prospectus?

[@qm142009]

@@charles3450the prospectus was let’s go to jail together.

[@snix7613]

I love how one of a lot of "coins" sales pitches is "we will surpass bitcoin within xxx"

[@drajitshekher]

"it seems unlikely that Do Kwan will ever spend a day outside prison", I take it his parents are not as influential as Sam B Fraud's. Btw do you think that SBF will be convicted and jailed in the near future?

[@wallstreetmillennial]

he's out on bail now, trial is scheduled for October, we'll see what happens

[@khaliddubey8652]

​@@wallstreetmillennialI'm excited for the trail 😂😂

[@jantschierschky3461]

He said jail, but think he means prison

[@zenastronomy]

no chance. SBF did the fraud with the help of the rich in wall street. his family and friends.

[@hoangle2483]

Scamming average retail investors is one thing, these guys scammed big institutional Investors. Lets just hope they will be in prison for a long time.

[@id10t98]

Hopefully, one of these days someone will come up with some sort of currency that is equal to $1 USD. 😶

[@ShannaNL]

Yeah it's called the US Dollar

[@AlexxGamboa]

@@ShannaNL😂😂😂😂

[@floxy20]

Because that would be of such use!

[@Star.Chaser]

@@ShannaNLno one wants the usd, it’s a currency built on deception.

[@geraldmaxwell3277]

If I am not wring, USDT is backed by treasuries worth its value.

[@Limitedonathios]

Jason Calacanis recently said that the richer you are, the less truth and sensible advice you get. People either defer to you or lie to you, especially in investing. Maybe that’s how the billionaire got caught up. That or he knew something was crooked but just wanted to take advantage. Sad situation for all involved anyhow

[@WealthScientist]

@amyd9880 do you remember where he said this?

[@MakerInMotion]

Hey if you're not rich like Mike Novogratz, look on the bright side. At least you don't have a giant cypto tattoo.

[@deathweaselx86]

I wish I could like this video multiple times. I love these financial deep dives

[@FogelsChannel]

Excellent research and delivery. Your analysis of how Do & SamBF use vague incoherent explanations enlightened me. "Do's explanations are all over the place, and it's almost It's impossible to decipher a coherent argument. Sam BF used a similar strategy. He tried to muddy the waters...".

[@ktktktktktktkt]

I think it's about as bad as I thought lol

[@vanesslifeygo]

I thought mirror was just for bad traders. it is indeed worse lol

[@TheForever206]

Honestly forgot all about this as i wasnt interested in stable coins as they didnt make a whole lot of sense to me.

[@chuckcrizer]

Congrats on landing such a big sponsor!

[@samsonsoturian6013]

Seeking Alpha isn't as big as you think

[@chuckcrizer]

@@samsonsoturian6013 Better than tyne cheesy VPN sponsors.

[@samsonsoturian6013]

@@chuckcrizer I think everyone who wants those has those already

[@newwavex8665]

Risk free...18% yield....yeah definitely a scam

[@selvoselvo1]

It is great how he speaks confidently and sounds LIKE he addresses the questions, although he skillfully evades it by talking about irrelevant stuff. It looks to me same as the parts of two different interviews are pieced together.

[@bequietdude]

Not really. It's pretty obvious that he is avoiding the questions

[@charlesk22]

$60 billion gone, oh my...

[@cgasucks]

I follow a channel of a woman who's now homeless because of Terra Luna.

[@Puma-ph5ep]

​@@cgasuckswhat is the channel?

[@cgasucks]

@@Puma-ph5ep UGPVlogsLA

[@MK-we9sw]

Laura Shin asking all the right questions 😂

[@colincampbell7027]

So there are fees? I've already paid a tax on the money I've earned. Then I have fees after the fact to use as purchase? Not like a credit card which I pay every month and pay NOTHING. This is the dumbest thing since buying a house or condo and forced to join a homeowners association where you have no control of your own home. WTF?

[@jackt4839]

Hey man a quick thing on why synthetics like Mirror is useful: - Many people outside the US can’t get exposure to individual US stocks. I cant. - US security exposure without needing to deal with US tax regime (dubious legality but is a practical truth) - Shorting is super annoying with a regular broker and can’t be done reasonably in small lot sizes - Mirror specifically offered protocol rewards you could farm delta neutral. That’s part of the Ponzi but conceptually makes sense

[@boukm3n]

Thanks for contributing to the disgusting system of synthetics which robs retail of liquidity and skews the price action of the underlying asset. Thanks for cucking us all m8, no better than robinhood. We need to eliminate this loophole that allows market makers to effectively print billions of synthetics that aren’t tied to the real float. You’re enabling criminal market makers to continue destroying the strength of the US stock market.

[@graydonrobson7471]

It’s risk to reward was advertised similar to Madoff’s with convolution similar to Madoff’s and it generated the returns it paid out like Madoff’s company. There is no such thing as “risk free” rewards, and i can guarantee you that you do not technically understand the words you typed in the last point because if you did you would know that u said a nothing burger of jargon

[@floxy20]

I'm sure any brokerage anywhere could buy U.S. stocks for your account. Remember to listen to people who say you can avoid paying taxes. Smart cookies.

[@sblijheid]

@floxy20 Not if he's in a blacklisted country.

[@EdwinSteiner]

The crypto bros all despise and ridicule "fiat" ... until it's time for them to run. Then they all know that only "fiat" is real money.

[@Throwaway-kg7ft]

Fiat is not real money. 😂 By definition, money is supposed to be a store of value. The dollar literally loses value with every passing year.

[@CornellSandifer]

"Greed is the evil the devil reveals, his soul bought by fraud his fate would be sealed, oh desperate minds with a weakened spine while watching the market fold, oh faint of heart such bullshit in the dark was sold, taking the last of the nickels and dimes from his dastardly crime he would go on the lamb, every fool has been told about the perils of fool's gold but here we are once again, left to scream and holler those would loss that almighty dollar from the second oldest running sin, who's to say who else will pay besides my greedy little friend.

[@lafawarz4990]

congrats on the seeking alpha partnership dude!! well deserved

[@floxy20]

The explanation for Mirror reminded me of an old Abbott and Costello routine.

[@richardlove5549]

Terra-Luna congrats on screwing Mike Novogratz! Well done!

[@Kindafu]

!!!

[@barcharlie]

First clue was how clean and un cluttered his desk was. I don't trust people without clutter.

[@gabecodina]

Hi, thanks for your efforts. Sometimes when you show footage of struff like the Do Kwon interviews here you ought to superimpose a citation giving the source and a date.

[@bankfinanzas6348]

Greetings from PERU

[@CaffeineGeek]

Wow! Velma is now in Yamakoshi, Japan trying to crack the mystery of disappearing NFT value.

[@sblijheid]

His real crime was fooling morons. My issue with crypto from the get go, was that it had no underlying. If the company behind th coin goes belly up, so does your money. The fact that these exchanges were not regulated in the US, was a red flag. Greed drove them to give their money to scammers. They should've given it to Nigerian princes. At least they would have maxed their losses at five digits.

[@margaesperanza]

I saw a documentary that followed a group of south koreans who lost money in the Luna crash and it was so depressing. Most are STILL investing in crypto even when they lost their savings. One man had his mother sell her home to pay his debts while he makes fun of people who work 9-5 jobs. Luna was a huge proponent for the crypto boom in South Korea, and it financially crippled a lot of them.

[@DaniF-0621]

That's devastating

[@DanyCesc83]

Wait, our politicians trade with insider trading information? lol we need to go after them, they have more infomation than anyone else.

[@averageamericangirl6819]

This is terrible. People lost their savings

[@jordhuga271]

Yes they did. Stupid and greedy people.😅

[@newsystem3667]

Dumb people *

[@samsonsoturian6013]

A large portion of the losers were also frauds who thought they could get in, hype up the asset, then dump it.

[@markomak1]

That guy got a permanent tattoo that won't be lost though

[@jordhuga271]

@@markomak1 Always a smart move. Don't want to not get a tattoo and risk forgetting that magic time in life.

[@antman7673]

“When the emperor wears no clothes.”

[@gregheffley2]

a worthless cryptocurrency backed by another worthless cryptocurrency lol that's the red flag right there.

[@Tech_Traveler]

Using an app to transfer more worthless cryptocurrency back and forth to each other. 😅

[@mikenoelck7685]

The large investors aren't the ones that took the losses. BTC was given to most of them as collateral for supposed loans as the price tanked . Those addresses should have been tracked and the BTC clawed back. Coincidently Mike Novogratz sold out of his position prior to the collapse. The smart money all got bailed out.

[@drek273]

Impressed by this Chanel especially since it’s ran by a pretty young guy.

[@JeffGilligan-q7t]

Stanford logo on his pull-over.....Bank-Frieds, Elikzabeth Holmes, etc. Maybe Stanford needs an ethics department.

[@donjohnson5661]

Anybody who was dumb enough to put money into this not only deserved to lose every penny, they never deserved the money in the first place

[@MakerInMotion]

Yeah if Do Kwon didn't get their money, SBF or Logan Paul would have. When you mix greed and gullibility, its just a matter of who gets to them first.

[@samsonsoturian6013]

Not necessarily. But yes this was mostly cons conning cons.

[@itissrinivasan]

Fully agree

[@cheesecake7159]

18% yield sound legit right 😂 Why people can't see where the source for 18% yield from

[@NickanM]

Tell the elderly grandparents/ relatives that lost everything thanks to younger relatives convincing them.

[@stuartegrin7543]

Institutional investors 🤡🤡🤡

[@frenchyroastify]

I would not short Apple.

[@underblockchain]

same will happen to Solana, I am surprised it is lasting so much

[@jonr6680]

0:44 ... Montenegro with a fake passport... Casino Royale villain made real! Livin' the dream!

[@turbyoulance]

A fool and their money are soon parted.

[@kuukeli]

thank you for the video

[@firstnlast]

Good job WSM. Shitcoins had a good run for the last 3-5 years but the chickens are coming home to roost. Glad I never went heavy into them.

[@jonasghafur4940]

You are, of course, 100% right about the mirror protocol being used for less than aboveboard purposes. Nevertheless, such synthetic financial products that just mirror another asset can be found in traditional finance as well. One example are synthetic CDOs, financial products that mirror e.g. mortgage backed securities, a type of natural CDOs, by taking on the opposing side of a credit default swap for a real mortgage backed security.

[@terriplays1726]

Afaik there a lot synthetic ETFs being offered by reputable investment companies. Of course these ETFs are traded on regulated markets and are not suitable to hide insider trading.

[@jonasghafur4940]

@@terriplays1726 I still wouldn’t touch those with a ten foot pole. Even if they aren’t offshore but in a legit jurisdiction, i just cannot figure out a single benefit they give you as an investor. What if the issuer goes bankrupt? are there any recoverable assets? What is even left of the market value at this point? The only reason i can think of for any party is sneakily offloading things off your balance sheet that way, but what do i care for it?

[@philippebyrnes1213]

I think synthetic CDOs are broader than just being long on CDSs. Here's what Investopedia says: "A synthetic CDO is a financial product that invests in non-cash assets such as swaps, options, and insurance contracts to obtain exposure to a portfolio of fixed-income assets." As others have said, I wouldn't touch them and was shocked in 2008 to learn they even existed. The SEC was fatally corrupted in the 1980s and it's never been any damn good since.

[@terriplays1726]

​@@jonasghafur4940 I own one synthetic ETF, the reason is that the competing physical ETF has 2,5x more TER and both track their index perfectly. The position is only 3% of my portfolio. I would not be comfortable with larger synthetic positions.

[@Frank-os6gq]

Stop using acronyms. What is a cdo?

[@juliametcalf2660]

Very good review...clear...thanks

[@on-site4094]

U can tell he’s lying in the interview he keeps looking away 18% interest it’s a scam

[@PresidentBob1989]

Waiting for CZ to do the same

[@dawnfmEnthusiast]

2:23 congrats on the sponsorship man

[@tomlxyz]

If mirror is used for Insider trading and other fraud, how would you find q willing counterparty?

[@ohyeahwhat5387]

Kwon and Bankrupt Fraud got their participation trophies. As far as actually being able to do anything useful or win a trophy at anything, NADA.

[@pj_ytmt-123]

Well, he did pull in 2M users in S.Korea for his payment app, way better than your average google playstore app. 😄

[@kcgunesq]

If someone tells you that they can guarantee you 8% and they aren't a AAA rated financial company, you should be very skeptical. If they tell you can do the same at 18%, you know they are liars.

[@pj_ytmt-123]

"ukraine is winning" Feb 2022 - Oct 2023 R.I.P.

[@joseph2707]

Such a great video.

[@SL-nb5fr]

Meanwhile, Buffett purchased Japanese stock.

[@zagneb2673]

I have 0 sympathy for the suckers that got taken to the cleaners by this scammer …

[@18564864]

No its not... its just as most people thought.

[@jonasbaine3538]

Do a video on Threads.

[@lug.5329]

No one was doing due diligence, not small retail investors and not VCs. They all just wanna come in early and make lotsa money. If they did due diligence, the VCs would not have invested at all. Just look at the Madoff scam, no decent investment firm in Wall Stret had tradings with him.

[@dracorex426]

Life without chance for parole.

[@PapaDalbec]

What ever happened to that feller with the yuge schnozz, bankman-fried?

[@herogebrial]

He's joowish, no jail time

[@BrindyLuger]

Great video as always! 👍 I have a quick question: 🤷‍♂️ I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I don't know what they are. What should I do with them? 🤷‍♀️

[@dshin198]

Ah great. Daniel Shin

[@TheMarc477]

It’s actually genius how they took terra down

[@stage6fan475]

But was it done by Alex Mashinsky?

[@tomlxyz]

I find it wild that this weakness was downplayed in the first place.

[@nunyabizznizz7326]

nothing happens till the powerful institutional investors lose money, then regulators pounce......when it is regular citizens, not so much

[@Kevin-mz3gp]

Luna 2.0 will take off

[@pdempsey]

G0d I love this channel. Never stop.

[@ai7783]

Is BNB next ?

[@christianbrouwer8242]

This video does not explain what Do Kwon hoped to achieve by setting up this ponzi scheme. Did he think he could be the world's first crypto fugitive for the rest of his life? The fact that they created this 1 Billion war chest (and only after trying to rescue Luna through this war chest, when this billion was almost up he realized it's game over) , so he took the remaining 100 million and escaped. A hardcore criminal would not try to rescue his firm, a hardcore criminal would have taken the whole billion and not spend 900 million to try to save his company. I think that Do Kwon is a brilliant young man who lost his bearings through handling so much money. He had control of 50 billion dollars while still in his twenties. And when it all came crashing down he panicked and ran. The real guilty party is the SEC , like in Bankman Frieds case. Where were they to protect consumers? There were enough signs to see the dangers of Luna for more experienced entities like the SEC , but they didn't care. They should go to jail also for incompetence.

[@gstraveler1]

I also thought that he named his daughter 'Luna' quite interesting. If you were preparing a con I doubt you would name your daughter after it. I agree with you that he lost his way, that amount of money and power is often corrupting. I also think there were bigger forces at play who needed some players to crash the market so they could control it by 'saving' it.

[@vicdansanch]

After i read your comment i understand who the scammers target

[@bjornodin]

​@@vicdansanchAgreed. There's no evidence that can convince such deeply entrenched believers. It's typical cult-like "us against the evil system mentality". I have no sympathy for them, they weren't tricked into a cult! This is about money and investing. Therefore, the analytical part of your brain should be the part most engaged.

[@justicedemocrat9357]

Airport Security: You're costa rican? Do Kwon: Uhh...yeah for sure. Airport Security: Point to costa rica on this map. Do Kwon: Uhh...

[@NickanM]

Costa Rica is a place in Korea! Just a few miles from Seoul! 😂

[@stuartegrin7543]

Risk-free 18% yield was not a red flag. LMFAO

[@dave.of.the.forrest]

Further justification for me never buying into any crypto.

[@Argumemnon]

Gah, the guy jinxed it by getting a tattoo!!

[@Kaviltheblack]

Do kin say btc going to zero

[@jefframos]

21:55 "Alleged crimes"??? are you kidding me. 21:53 make him FED'S Chairman pls

[@garethmartin6522]

No, it is not sad that people lost their savings. Because all those people were get rich quick schemers; they were freeloaders.

[@laupeter4594]

US firms won’t be charged because they are US. Other collage is aiming to dethrone the USD will be run to zero

[@sidimoulaycharif3717]

Stealing rich people's money is an unforgivable crime 😅

[@Jake-ve3ro]

As a korean i am so proud to see fellow koreans making a mark in this world. Gogo do kwon and bill hwang!!

[@lug.5329]

So now that the NFTs are almost worthless, what happened to he mortgages?

[@kakaak0]

lock do forever, teach him a lesson hahahaha

[@wallstreetmillennial]

Become a smarter investor with Seeking Alpha. To start your 14 day free trial use link: seekingalpha.me/wallstreetmillennial

[@doctor3264]

He be picking up soap in the shower in the US in no time

[@KattD.]

Just like how they gave a tap on the wrist to FTX Kentucky Friedbankman 🤮 No prison time going to happen. 🤮

[@black-uh1df]

This aged poorly

[@deletedwaffles]

Not so cocky now Do Kwon...

[@SevenDeMagnus]

So sad listen to Warren Buffett.

[@qwaszxerdfcvtyghvb]

the investors deserve it... 15% interest on their capital and they believed it .why should we sympathise with them??

[@screenwriterjohn]

These are words?

[@Exigentable]

I have a sickness. I am so into laughing at how people are smart enough to get paid lots of money and stupid enough to speculate with their life savings. Trash takes itself out sometimes.

[@dexxxxxxxxxxxxxxxxxxxxxxxx6537]

Anyone still holding their LUNC

[@StefanReich]

Yeah. Got 6000 😄

[@kapilsharmaWorld_uncensored]

You know how you can pay for things Intead of Terra? Use the God damnnn bank note in your pocket.

[@aaronngui7938]

It’s always a great idea to use fiat to purchase virtual tokens 🎉 Remember folks, if you ain’t buying the dip, you’re being a drip 😂

[@22days_ago]

Where is the sounds of buy lunc's army😂

[@adcaptandumvulgus4252]

Well if you can get full by Hobbit I guess you can get pulled by anyone huh?

[@OGDeepStroke]

Anything involving Zimbabwe is clown material.

[@florenbaron7111]

It's all an intentional sc:am and it was all pla:nned from the beginning. Cro:oks.