"Lefteris why don't you trust AI with accounting calculations?" AI may take our jobs one day, but not sure if we want that to be today.
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Investors seeking updates could only receive vague excuses like travel delays, exchange issues, and KYC problems. On June 19th, the venture capital group Aza Ventures publicly announced that they too were victims of the scam. Aza Ventures accused their primary trader "Source 1" of running a Ponzi scheme. According to Aza, early trades were genuine, but later trades completely relied on new investors' funds to fulfill previous promises - a typical Ponzi scheme pattern.
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Capriole Investments founder Charles Edwards ascribes this to either of two things happening. First, it may reflect saturation among traditional finance (TradFi) capital-raising firms. Alternatively, the slowdown may simply be a temporary dip in demand.
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