How the Luna Scam went down.
Step 1, gather investors
Step 2, make a hype system that is designed to fail
Step 3, promote with millions of dollars
Step 4, Everyone in the investor pool sells on the same day AND shorts with 25x margin
Step 5, short it to 0
Step 6, everyone is distracted with cheap luna when BTC is going to make a macro move upward.
Oh and the exchanges are in on it too.
binance.com/en/support/announcement/1b73e64616ee4e769c29e70c66728d1a
Step 1, gather investors
Step 2, make a hype system that is designed to fail
Step 3, promote with millions of dollars
Step 4, Everyone in the investor pool sells on the same day AND shorts with 25x margin
Step 5, short it to 0
Step 6, everyone is distracted with cheap luna when BTC is going to make a macro move upward.
Oh and the exchanges are in on it too.
binance.com/en/support/announcement/1b73e64616ee4e769c29e70c66728d1a
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