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FlaSh's Crypto Scandal - Page 3

Forum Index > BW General
Post a Reply
Prev 1 2 3 4 5 17 18 19 Next All
Dangermousecatdog
Profile Joined December 2010
United Kingdom7084 Posts
June 26 2021 17:43 GMT
#41
Some people will always try to defend scummy behaviour.
evilfatsh1t
Profile Joined October 2010
Australia8687 Posts
June 26 2021 18:25 GMT
#42
On June 27 2021 02:15 KameZerg wrote:
If you promote a dump and dump scheme your a scammer, end of story. Whats the fuss all about?

and you can say definitively that flash knew this was a pump and dump scheme and he deliberately misled his fanbase?
no, you cant.
jinjin5000
Profile Joined May 2010
United States1430 Posts
June 26 2021 21:26 GMT
#43
imo, the glaring part of this case is the advertisement without disclosing that it's advertisement. Its dishonesty and you can draw parallels to korean YouTube advertisement controversy we had a year back.

FlaSh had a very clean image and worked hard to maintain image fairly consistently, so seeing him take part heavily was a very negative thing to say the least. A lot of stuff floating online are inflammatory and pitchforks, but in end of day, FlaSh is supported by fans and work in industry supported by fans, and to mislead/betray that trust when he maintained his good image (including that ex-gf slander incident while back) for so long came as a bigger shock

Doesn't help that other streamers like Sea has been stirring controversy by saying stuff like "It's my money" (probably to gain more viewers for stirring shit up) making it look whole lot worse.
evilfatsh1t
Profile Joined October 2010
Australia8687 Posts
June 27 2021 02:57 GMT
#44
how many streamers have been confirmed to have explicitly mentioned this coin in their stream? as far as i know the point sea is making is that he made the investment without telling people. lets assume he didnt know about the malicious intent behind the coin, then he would have every right to say what he did.
he hasnt profited from the coin and automatically assuming that he was going to exit at the right time, profit and simultaneously rip off any investors from his audience simply because he was involved is ridiculous.
the fact is theres only 1 person that is 100% a dickhead and thats suit. besides him the whole thing is a witchhunt with the public just hoping they get to bury someone else as more news comes to light
TT1
Profile Blog Joined December 2008
Canada10010 Posts
June 27 2021 03:30 GMT
#45
so FlaSh is just a mere mortal after all, disappointing
ab = tl(i) + tl(pc), the grand answer to every tl.net debate
Dante08
Profile Blog Joined February 2008
Singapore4128 Posts
June 27 2021 04:08 GMT
#46
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?
evilfatsh1t
Profile Joined October 2010
Australia8687 Posts
June 27 2021 04:57 GMT
#47
On June 27 2021 13:08 Dante08 wrote:
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?

pretty much this. people so happy nowadays to shift responsibility to anyone but themselves.
Cruiser0929
Profile Joined December 2019
516 Posts
June 27 2021 04:58 GMT
#48
Korean community is very noisy with this issue.
Obviously, this is a criminal act. because it's a scam.
In stocks, these actions are punishable.
We just need to watch the situation. Problems with Flash have the potential to lead to really big problems.
ggsimida
Profile Joined August 2015
1148 Posts
June 27 2021 05:00 GMT
#49
On June 27 2021 13:08 Dante08 wrote:
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?


merely raving about a coin doesn't constitute pump and dump. and elon musk is not exactly a patron saint of ethics either. and i thought elon fanboyism died a while ago.

On June 27 2021 13:57 evilfatsh1t wrote:

pretty much this. people so happy nowadays to shift responsibility to anyone but themselves.


that sounds a lot like what flash is doing in his afreeca post in the OP dont cha think?
TT1
Profile Blog Joined December 2008
Canada10010 Posts
Last Edited: 2021-06-27 05:38:03
June 27 2021 05:09 GMT
#50
On June 27 2021 13:08 Dante08 wrote:
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?


morals (and thus immoral acts) are viewed much differently in the East relative to the West, there's a pretty big cultural difference

i'm sure that not disclosing the fact that he got paid to be affiliated with X coin is something that's taken much more seriously over there (albeit without knowing the exact law, just a guess)
ab = tl(i) + tl(pc), the grand answer to every tl.net debate
evilfatsh1t
Profile Joined October 2010
Australia8687 Posts
Last Edited: 2021-06-27 05:50:58
June 27 2021 05:17 GMT
#51
On June 27 2021 14:00 ggsimida wrote:
Show nested quote +
On June 27 2021 13:08 Dante08 wrote:
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?


merely raving about a coin doesn't constitute pump and dump. and elon musk is not exactly a patron saint of ethics either. and i thought elon fanboyism died a while ago.

Show nested quote +
On June 27 2021 13:57 evilfatsh1t wrote:

pretty much this. people so happy nowadays to shift responsibility to anyone but themselves.


that sounds a lot like what flash is doing in his afreeca post in the OP dont cha think?

who exactly is flash shifting responsibility on to? his mum?
he says he and his mum decided to invest into suit's proposal because they trusted who suit was as a man. he also claims that hes always had disclaimers in his streams whenever he spoke about crypto about how his viewers should do their own due diligence.
its the viewers who think that any losses that a viewer might have been at the end of are automatically the fault of the streamer. apparently its so warped to think that the purchaser should be responsible for their own purchases. what a world we live in

edit: some more allegations being made now. apparently the ceo of a subsidiary of afreeca is also an initial investor, along with another rich guy associated with suit. suit is the frontman of the operation but in reality hes being backed by people who obviously have lots of money, which is how suit was able to fund his donations to streamers despite having nothing.
it also explains afreeca's silence on the matter as well as the questionable stance of many streamers who didnt want to reveal more details about the coin, including britney. britney admitted to also being an investor despite no one calling him out on it (another case of a streamer investing without promoting), but refused to divulge more details. clearly he knew that if he divulged more then he would expose an alleged link between the coin and afreecatv itself, and thats counterproductive to him seeing as he is contracted to afreecatv as a partner.

the above are just further allegations so well need to wait and see what the truth is but it seems like this story is getting spicier.
in my opinion i think we still have to wait and see whether this coin was actually devised with the sole intention of a pump and dump or whether it was a legitimate business venture that wanted to cut some corners to gain traction (misrepresentation of its partnerships). the coin apparently does have actual partners that are willing to accept the coin as currency already, so on the surface the business potential was there as a digital currency that was ready to be widely adopted by businesses.
it could just be that suit's incredibly shit reputation from his association with kote and his deceitful nature has just led viewers to jump the gun and assume this whole operation was a shifty pump and dump plan, when in reality suit was just a shit marketing manager employed by people who genuinely wanted to pursue the idea as a business venture. we'll see
Dante08
Profile Blog Joined February 2008
Singapore4128 Posts
Last Edited: 2021-06-27 06:04:44
June 27 2021 06:03 GMT
#52
On June 27 2021 14:09 TT1 wrote:
Show nested quote +
On June 27 2021 13:08 Dante08 wrote:
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?


morals (and thus immoral acts) are viewed much differently in the East relative to the West, there's a pretty big cultural difference

i'm sure that not disclosing the fact that he got paid to be affiliated with X coin is something that's taken much more seriously over there (albeit without knowing the exact law, just a guess)


There is a difference between provision of financial advise and just general macroeconomic advise. If Flash told people "go and buy this coin, it's a good coin and you'll be able to earn money", that would be a problem. But what he mentioned was something like "this coin is good, but please do your own homework and don't buy anything you can't afford losing" which is not financial advice.

Theft is theft and scams are scams no matter if you're in the east or west, so this doesn't apply. The only thing unfortunate is that this is linked to a dodgy person, and presumably Flash didn't know about this at the start.

And as someone mentioned the coin didn't even launch, so I'm pretty sure this is just Korean netizens making a mountain out of a molehill as usual.
Dante08
Profile Blog Joined February 2008
Singapore4128 Posts
June 27 2021 06:07 GMT
#53
On June 27 2021 14:00 ggsimida wrote:
Show nested quote +
On June 27 2021 13:08 Dante08 wrote:
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?


merely raving about a coin doesn't constitute pump and dump. and elon musk is not exactly a patron saint of ethics either. and i thought elon fanboyism died a while ago.

Show nested quote +
On June 27 2021 13:57 evilfatsh1t wrote:

pretty much this. people so happy nowadays to shift responsibility to anyone but themselves.


that sounds a lot like what flash is doing in his afreeca post in the OP dont cha think?


Yeah so what is the problem even if Flash is raving about this coin? Seems like he didn't ask anyone to buy it.
TT1
Profile Blog Joined December 2008
Canada10010 Posts
Last Edited: 2021-06-27 06:17:31
June 27 2021 06:15 GMT
#54
On June 27 2021 15:03 Dante08 wrote:
Show nested quote +
On June 27 2021 14:09 TT1 wrote:
On June 27 2021 13:08 Dante08 wrote:
I don't get the fuss, if Flash mentioned to do your own due diligence before buying and don't invest money you can't lose I don't see what's wrong. Elon Musk raves about Dogecoin all the time, if you lose money buying it can you blame him? Can you definitely say Elon is pumping and dumping?


morals (and thus immoral acts) are viewed much differently in the East relative to the West, there's a pretty big cultural difference

i'm sure that not disclosing the fact that he got paid to be affiliated with X coin is something that's taken much more seriously over there (albeit without knowing the exact law, just a guess)


There is a difference between provision of financial advise and just general macroeconomic advise. If Flash told people "go and buy this coin, it's a good coin and you'll be able to earn money", that would be a problem. But what he mentioned was something like "this coin is good, but please do your own homework and don't buy anything you can't afford losing" which is not financial advice.

Theft is theft and scams are scams no matter if you're in the east or west, so this doesn't apply. The only thing unfortunate is that this is linked to a dodgy person, and presumably Flash didn't know about this at the start.

And as someone mentioned the coin didn't even launch, so I'm pretty sure this is just Korean netizens making a mountain out of a molehill as usual.


how do you know what was exactly said? it's tough to talk about this without seeing a (translated ;]) vid to get context etc.
ab = tl(i) + tl(pc), the grand answer to every tl.net debate
prosatan
Profile Joined September 2009
Romania8213 Posts
June 27 2021 10:14 GMT
#55
Bisu:

안녕하세요, 김택용입니다.
시청자분들께 드릴 말씀이 있어서 공지문을 작성했습니다.
사실부터 말씀드리자면, 이번 **코인사건에, 2021년 6월 21일 투자를 진행했습니다.
**코인에 제가 투자한 것이 사실이기에,
늦게나마 사실을 밝혀야 한다고 생각했습니다.
기존에 저는 아프리카 개인방송국을 통해,
**코인에 투자하지 않았다고 말씀드린 바 있습니다.
이는 점점 커져가는 상황이 무서워 회피하고 싶었던 마음이었습니다.
상황이 두려워, 상황을 회피하는 행동을 한 제가 부끄럽습니다.
많은 분들 앞에서 사실을 말씀 드리지 못한 점 진심으로 죄송합니다.
**코인을 투자하게 된 경위에 대해서 말씀 드리겠습니다.
투자에 무지하던 저에게 많은 수익률을 낼 수 있다는 투자제안은 매력적이기도 하지만,
생각보다 큰 고수익률의 사업이었기에 투자 판단을 내리기 어려웠습니다.
제 짧은 식견으로 결정하는 것 보다는,
투자를 결정한 사람이 어떤 사람인지 조금 더 지켜보고
투자를 결정하자고 마음먹고 6월 21일 1억원을 투자 했습니다.
이번에 **코인 사건이 공론화 되면서,
주식에서는 이를 편수취라는 방식으로 불법으로 규정하고 있다는 사실을 알게 되었습니다.
아직 제도가 완전하지 않은 코인 시장에서,
편법적인 방법으로 투자를 진행한 부분에 있어서 시청자분들께 사과 드립니다.
이 사건이 지금이라도 시청자분들에게 공론화가 되어,
선량한 피해자가 발생하지 않게 된 점은 다행이라고 생각합니다.
그릇된 방법으로 투자를 진행했던 자신을 반성합니다.
항상 저를 아껴 주셨던 시청자분들께도 그릇된 길을
가게 만들 수 있었다는 점 진심으로 사죄드립니다.
해당 사건이 무서워 아프리카 개인 방송국에서
투자를 안 했다고 부인했다는 점 깊은 사과 말씀드립니다.
어떠한 방법으로도 예전처럼 돌아갈 수 없다는 사실을
지금에서야 깨닫고 반성하고 있습니다.
저로 인해 많은 배신감을 느끼셨을 시청자 분들,
팬 분들께 진심으로 사죄드립니다.
**코인에 투자한 금액에 대해,
서**대표에게 투자 철회를 요청한 상태이며,
투자 해약서도 진행할 예정입니다.
미숙한 말주변으로 시청자분들께 실례를 무릅쓰고,
공지를 통해 말씀드린 점 정말 죄송합니다.
다시 한 번 진심으로 죄송합니다..

Google translate:

Hello, this is Taek-Yong Kim.
I have something to say to the viewers, so I wrote a notice.
To tell the truth, in this **coin case, we made an investment on June 21, 2021.
**Because it is true that I invested in coins,
I thought it was time to reveal the truth.
Previously, I was through an African private broadcasting station,
**I mentioned that I did not invest in coins.
This was a feeling that I wanted to avoid because I was afraid of a growing situation.
I'm afraid of the situation, and I'm ashamed that I acted to avoid the situation.
I sincerely apologize for not telling the truth in front of many people.
**I will tell you about how I got to invest in coins.
The investment proposal that it can yield a lot of returns is attractive to me, who was ignorant of investment
It was difficult to make an investment decision because it was a high-yield business that was larger than expected.
Rather than deciding based on my short insight,
Watch a little more and see who made the investment decision.
I decided to make an investment and invested 100 million won on June 21st.
This time, as the **Coin case became public,
I found out that stocks are illegally stipulating this as a one-sided take.
In the coin market where the system is not yet complete,
We apologize to the viewers for making the investment in an expedient way.
Even now, this case has become a public debate among viewers,
I think it's fortunate that there were no innocent victims.
I reflect on myself for making an investment in the wrong way.
To the viewers who always cared for me, I took the wrong path.
We sincerely apologize that we were able to set up the store.
Afraid of the incident, an African private broadcasting station
We deeply apologize for denying that we did not invest.
The fact that there is no way to go back to the way it was before
It is only now that I realize and reflect.
Viewers who must have felt a lot of betrayal because of me,
We sincerely apologize to the fans.
**About the amount invested in the coin,
Seo** has requested the withdrawal of the investment,
We will also proceed with the cancellation of investment.
In spite of being disrespectful to the viewers by around inexperienced words,
I'm really sorry for what I said through the notice.
Once again I'm really sorry.

Source: https://www.youtube.com/post/Ugzy8ikZtgRoIjwmKAl4AaABCQ

I removed the blanc lines because it was too much empty space.
Lee JaeDong Fighting! The only church that illuminates is the one that burns.
Timebon3s
Profile Joined May 2018
Norway701 Posts
Last Edited: 2021-06-27 12:02:26
June 27 2021 12:02 GMT
#56
Seems like they're comming down on him hard in the youtube comments, comparing this to the match fixing scandal and saying they're responsible for ruining starcraft when it's finally on the upswing again.

Not surprised to see Bisu a part of this, he really loves his money...then again who doesn't.
jinjin5000
Profile Joined May 2010
United States1430 Posts
Last Edited: 2021-06-27 13:38:09
June 27 2021 12:51 GMT
#57
Bisu released announcement after an announcement that more people on the investment list will be released in the media

Announcement from Bisu

I have something to say to the viewer, so I have written this announcement
To be honest, with current coin incident, on June 21st, 2021, I have invested in it

**in truth, I have invested in this coin,
So I think I have to admit this however late it is
Originally, through Afreeca stream i have previously said
that I have not invested in this **coin at all.

I wanted to hide from this incident that seemed to be growing out of control
I am embarrassed of me trying to hide from this, as I was scared of this situation.
I am truly sorry for not speaking the truth infront of many people

**I will tell you the decision behind me investing in this coin
To someone inexperienced to investing, while the idea of potential high return on investment was very attractive,
As this was high yield business, it was hard to make decision immediately

Rather than deciding based on my inexperience
, I waited until I’ve seen others who had invested in this as well
And after, I have decided to invest, and have invested $100k on June 21st.

After this coin incident became an issue
I’ve found out that in finance, this is considered “insider trading” and is illegal
In the incompletely regulated coin market,
I am truly sorry for investing in unlawful manner
At the very least, I am thankful that the the news broke out to viewers
Before any victims were made from this incident.

I am sorry for investing in dishonest method
I am truly sorry for potentially leading
my viewers, who had always looked after me, to unrightful path

I am deeply sorry for saying that I didn’t invest
in fear of the repercussions from this incident in my Afreeca stream.

I only have realized that I cannot return to how it was in past no matter what
I have realized only now, and apologize

To viewers who may have felt betrayal from me and my fans
, I truly am sorry for this

**about my investment to coin
To representative Suh, I have requested termination of this investment
And am forming a termination of investment notice

I truly apologize for taking advantage of my viewers with my immature sayings
And am sorry for announcing this through text announcement

Once again, I am truly sorry
TMNT
Profile Joined January 2021
2778 Posts
June 27 2021 13:06 GMT
#58
Hmm, not sure why his fans are coming down hard on him. From this announcement Bisu looks more like the victim than the culprit. So he only made an investment last week, after seeing other streamers also investing on this coin and thinking to himself "ahhh easy money there". The most important thing is he didn't promote it whatsoever.

The wrongful part in Bisu's act is denying the investment at first, and now he has to backtrack on it. Should have played victim from the beginning imo. Unless there are details we haven't known yet.
Ziggy
Profile Blog Joined June 2013
South Korea2105 Posts
June 27 2021 13:06 GMT
#59
this is why we cant have nice things

on a side note how do i get into kartrider
WriterDefeating a sandwich only makes it tastier. @imjustziggy
theaGOny
Profile Joined August 2019
10 Posts
June 27 2021 13:14 GMT
#60
This is what u get with this generation... There are so many people out the trying to advice you to invest in different crypto now. And people often take their word for it, instead of just spend 2 minutes on google search about the different cryptos that they have been adviced to buy. And when they do buy these shitcoíns that they have been lured into buying, dont infact MOON as they want it to. They blame the people who adviced them about it, instead of blaming themself. Do your research before ANY investment, there are no certain investment, ever! So if ur not man/woman enough to take the hit from UR investment, dont do it! Very simple, but instead they come crying on the internet because they didnt get rich from some shitcoin who was meant to MOON.
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