In 2021, during the time of DeFi, a saying was circulating
If you don’t know the source of the profits, you are the source of the profits.
The collapse of FTX in 2022, which could almost challenge Binance, was a misappropriation of assets.
In 2026, Ju Coin went from everyone making money to prohibiting withdrawals and running away, exploiting many people's desire for cheap deals.
From day one, MSX was deceptive, claiming to have a trading license compliant with the US SEC, stating that all stocks are held by Fidelity, and that all IPOs come from Republic, but in the end, not a single piece of evidence could be presented.
Besides people being shady, what else can be done? If you have the ability, provide proof; if you can't provide it, then you can only divert the topic by being aggressive. I have made it very clear from the beginning, three questions: if you can answer, then reply; if you can't, do your best not to appear childish.
1. Where is the so-called SEC-compliant trading license for the exchange?
2. Where is the custody proof from Fidelity?
3. Where is the partnership statement from Republic?
If there’s nothing, consider it fraud. Previously, I was still being generous and said it was overhyped, but is this overhyping? This is outright fraud; I cannot understand why a group of people would fight against injustice for a fraudulent platform.
Then you better pray that MSX doesn’t run into any trouble, or else not a single name will be missing from the lawsuit list.
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