EPTFlaSh's apology video - Page 2
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Zografa
210 Posts
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Miragee
8552 Posts
On October 21 2024 00:54 Fighter wrote: I haven't been following this story, but basically... Flash got scammed, and people blamed him because...? Because he miscommunicated the nature of what happened to him? Because it seemed like he was in on the scam. To me it's still unclear, even after that article. | ||
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Piste
6179 Posts
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RJBTVYOUTUBE
Netherlands953 Posts
On October 21 2024 00:54 Fighter wrote: I haven't been following this story, but basically... Flash got scammed, and people blamed him because...? Because he miscommunicated the nature of what happened to him? yeah he failed to communicate what happened because at the time suit still had all the money he "invested". He didn't want to lose that 200k and fell victim to the "sunk cost fallacy" where someone who has lost money but wants it back, keeps putting more money into something that's obviously failing/a scam, in the hopes to get their money back. He fucked up big but is still the main victim of Suit's scams. Flash is good with games, had some luck with crypto once or twice, but ultimately is too naïve for his own good. | ||
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HOLYBATS
Turkey741 Posts
On October 21 2024 03:04 Piste wrote: So flash will finally be back to dominate SSL? Awesome If SK 3 peat this year it would be more than awesome! | ||
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prion_
75 Posts
On October 21 2024 00:54 Fighter wrote: I haven't been following this story, but basically... Flash got scammed, and people blamed him because...? Because he miscommunicated the nature of what happened to him? He (and the other involved streamers, e.g., Sea, Bisu, etc.) had money invested in a coin with an additional zero-risk guarantee, where he would be paid back if the value of the coin fell below his investment amount. This was not disclosed to his stream viewers, even though he talked about and to a degree promoted the coin on stream. People quite reasonably saw this as an attempt by streamers to scam their viewers through a pump-and-dump crypto scheme: he would promote the coin to his viewers, they would drive the price up, and then he would sell the coin. This kind of stuff happens all the time with crypto because it has essentially no intrinsic value, so the only real way to profit from a crypto investment is to buy low and sell high, leaving someone else holding the bag. The coin basically fell apart before the scam could get off the ground, because all these details became public. Therefore, the streamers who had invested money were left holding the bag and in a sense got scammed. But they got scammed in the process of trying to scam their viewers. | ||
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CicadaSC
United States1772 Posts
https://imgur.com/a/wA6C4ei https://vod.sooplive.co.kr/player/139791199 | ||
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cheesehuehue
Vatican City State90 Posts
On October 21 2024 03:43 CicadaSC wrote: Korean Community reaction seems somewhat mixed, but mostly negative https://vod.sooplive.co.kr/player/139791199 That could easily be selection bias: Most angry/outraged people are more vocal (like that guy who keeps pushing his own narrative on this forum like if it was an objective truth everyone must accept.) His second live stream today (after the apology stream) consistently had around 6k viewers and few of them seemed to mention the coin scandal (at least when I checked, although maybe he banned keywords related to that topic.) | ||
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CicadaSC
United States1772 Posts
On October 21 2024 03:59 cheesehuehue wrote: That could easily be selection bias: Most angry/resented people are more vocal (like that guy who keeps pushing his own narrative on this forum like if it was an objective truth everyone must accept.) His second live stream today (after the apology stream) consistently had around 6k viewers and few of them seemed to mention the coin scandal (at least when I checked, although maybe he banned keywords related to that topic.) I mean it could be they are more vocal, but that top comment is also the most "liked." so that is somewhat of a counterbalance to that bias. I also didnt cherry pick these at all its just whats at the top. | ||
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Antithesis
Germany1201 Posts
On October 21 2024 03:35 prion_ wrote: [...] he would promote the coin to his viewers, they would drive the price up, and then he would sell the coin. This kind of stuff happens all the time with crypto because it has essentially no intrinsic value, so the only real way to profit from a crypto investment is to buy low and sell high, leaving someone else holding the bag. The coin basically fell apart before the scam could get off the ground, because all these details became public. Therefore, the streamers who had invested money were left holding the bag and in a sense got scammed. But they got scammed in the process of trying to scam their viewers. Thanks for this summary. This is how I understood the situation as well, but I do not know all the details. Yet out of all the facts I'm aware of, the last bolded part is the gist of the situation, and he does not seem to fully own up to it in his apology video. Him losing money himself does not change anything of it. Is this overlooking anything? | ||
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TMNT
2836 Posts
Although it once again shows he's a coward. Never really faced the fans questions or addressed the core issue. Just played a video and acted as if everything's all good now. But it's a moot point anyway. Bisu Sea and co received a lot of hate when they came back but it's not like when the hate talks reached 70% or something they had to stop streaming lol. As long as there are viewers and donations, and their colleagues accept them back, which of course they do, the show just goes on. | ||
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oxKnu
1189 Posts
Has he played any games against Snow, Soulkey, Mini, Best? How's he looking? | ||
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Gorsameth
Netherlands21797 Posts
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RJBTVYOUTUBE
Netherlands953 Posts
On October 21 2024 03:35 prion_ wrote: He (and the other involved streamers, e.g., Sea, Bisu, etc.) had money invested in a coin with an additional zero-risk guarantee, where he would be paid back if the value of the coin fell below his investment amount. This was not disclosed to his stream viewers, even though he talked about and to a degree promoted the coin on stream. People quite reasonably saw this as an attempt by streamers to scam their viewers through a pump-and-dump crypto scheme: he would promote the coin to his viewers, they would drive the price up, and then he would sell the coin. This kind of stuff happens all the time with crypto because it has essentially no intrinsic value, so the only real way to profit from a crypto investment is to buy low and sell high, leaving someone else holding the bag. The coin basically fell apart before the scam could get off the ground, because all these details became public. Therefore, the streamers who had invested money were left holding the bag and in a sense got scammed. But they got scammed in the process of trying to scam their viewers. Actually that's not accurate. From the article talking about Suit(the mastermind behind the scandal) being sentenced to prison, it says there was never any intent from Suit to ever even Launch a coin at all. And that's according to the prosecution and the judge. Suit was scamming the streamers, not the viewers and the fans. https://m.mt.co.kr/renew/view.html?no=2024083012062814873 Flash definitely made mistakes, but there was never going to be a pump and dump. Suit intended to milk the streamers for their money promising them investments and profits from a coin that was never going to happen. Maybe I am wrong but that's what I've read, and I've been told the article is legit by a Korean friend. | ||
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prion_
75 Posts
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spets1
95 Posts
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Li_Xin
51 Posts
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Fighter
Korea (South)1531 Posts
On October 21 2024 03:15 RJBTVYOUTUBE wrote: yeah he failed to communicate what happened because at the time suit still had all the money he "invested". He didn't want to lose that 200k and fell victim to the "sunk cost fallacy" where someone who has lost money but wants it back, keeps putting more money into something that's obviously failing/a scam, in the hopes to get their money back. He fucked up big but is still the main victim of Suit's scams. Flash is good with games, had some luck with crypto once or twice, but ultimately is too naïve for his own good. Ok, that was pretty much my read on the situation, but just wanted to make sure... Major bummer for Flash. It's not like being a Brood War pro is ever going to get more lucrative. Hope he's doing ok financially after all that. Is there any chance of him recouping the losses? I think someone mentioned a lawsuit? | ||
IntoTheWow
is awesome32275 Posts
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Emnjay808
United States10658 Posts
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