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Crypto platform built on lost money and scams, Tony Katz argues

Crypto platform built on lost money and scams, Tony Katz argues
Crypto platform growth tied to scam projects

Tony Katz, crypto commentator at Social Media, criticizes a major crypto platform for hosting a large volume of scam projects since 2017.

Katz claims that nearly a hundred thousand scam projects have appeared on the platform, resulting in significant financial losses for users. He suggests that the capital accumulation on the platform was knowingly built on the misfortune of others, describing the money involved as imaginary values and losses taken by others.

Katz has previously described USDT as a scam, stating that countries such as Iran, Russia, and China are opting for Bitcoin over stablecoins in cross-border transfers according to his earlier analysis. In a separate commentary, he recommended that Iran consider pegging its currency to Bitcoin for trade and settlement purposes with major partners to support GDP calculations. These positions reflect Katz’s ongoing scrutiny of digital asset platforms and products.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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