A MarketWatch contributor has reached out seeking clarification after allocating $1.1 million to a cryptocurrency platform, asserting that their overall portfolio should currently total $20 million.
The individual noted that the investment was made based on the counsel of an executive vice president at a prominent New York investment bank.
Questions remain regarding whether the entire sum has been forfeited or if recoverable assets exist within the platform.
Twelve point one million gone? That’s a painful lesson in due diligence. Hope he survives the fallout.
Crypto platforms keep collapsing. It’s amazing how often ‘trusted advisors’ lead people straight into these traps.
I hope they’re wrong about losing it all. Ten million is a lot of money to just disappear overnight.
Wait, did the bank executive actually give that advice in writing? That could be a huge legal liability for them.
This is exactly why I never take financial advice from bank execs without independent verification. Sounds reckless.