The End of Ethereum

In this revealing video, we critically examine Ethereum, a leading cryptocurrency that's now under a cloud of legal uncertainty. Amid recent accusations from the SEC against Coinbase for allegedly operating as an unregistered securities exchange, Ethereum's legal standing has been called into serious question.

We're diving deep into the murky waters of Ethereum’s nature – what it is, who's behind it, and, crucially, whether it rightly falls under the classification of a security. We're shining a spotlight on some concerning issues surrounding this widely adopted, yet contentious, digital asset.

Given Ethereum's status as the second most popular cryptocurrency, any legal challenges and reclassification could have far-reaching implications for the entire cryptocurrency landscape. We will walk you through the potential pitfalls and ripple effects that could drastically affect the blockchain industry and perhaps even alter the face of digital finance.

FTX: the legend of Sam Bankman-Fried

FTX, Sam Bankman-Fried's cryptocurrency exchange, exploded onto the scene in just a few years. Endorsed by celebrities and accepted by the establishment, it attracted big-name investors and was valued at $32bn before it collapsed in a matter of days. Regulators fell for it, venture capitalists fell for it, celebrities fell for it - everyone fell for the legend of Sam

$100 Million Pump & Dump Scheme!

Federal prosecutors and the SEC recently charged seven Influencers with using Twitter, Discord and YouTube to commit securities fraud that netted them more than $100 million. 

An eighth influencer was charged with aiding and abetting the alleged scheme in the SEC’s civil complaint and with conspiracy to commit securities fraud in the Department of Justice’s criminal case. 

Each of the defendants had well over 100,000 Twitter followers as of this month, they ran a podcast called "Pennies: Going In Raw" and a YouTube channel called "Goblin Gang".

Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.

"Pump and dump" schemes have two parts. In the first, promoters try to boost the price of a stock with false or misleading statements about the company. Once the stock price has been pumped up, fraudsters move on to the second part, where they seek to profit by selling their own holdings of the stock, dumping shares into the market.

These schemes often occur on the Internet where it is common to see messages urging readers to buy a stock quickly. Often, the promoters will claim to have "inside" information about a development that will be positive for the stock. After these fraudsters dump their shares and stop hyping the stock, the price typically falls, and investors lose their money.