how logan paul looted $20,000,000 from his community
logan paul case:
2022:
1) bought psa 10 graded pikachu illustrator Pokemon Card
2) ultra rare card only 39 ever made
3) bought for $5,275,000
4) made a guinness world record
liquid marketplace:
1) paul cofounded liquid marketplace
2) enable fractional ownership of collectibles
3) sold 51% of ownership of the card as tokens
4) made $2,500,000 from selling
5) tokens doesn't mean true ownership
6) platform collapsed
7) people don't have any ownership
warnings:
1) ontario regulators called it multi level fraud
2) false claim on authentication and insurance
3) misrepresenting tokens as real ownership
rumours:
1) card's psa 10 grade is being questioned
2) itβs allegedly a psa 9 graded card
3) if psa 9 graded, then card will lose 30-50% value
rinse and repeat:
1) same card coming in auction again
2) $6.6m bids on this card
3) same card, different auction
4) if anyone ask about ownership, then block
he made so much money from his nft collection, game, pikachu card, now again pikachu
we are not hating this people enough, i don't understand who's sending money even after his nft rugs