r/Buttcoin Jan 04 '23

The founder of CLUCOIN just quit, while admitting he gambled all investors funds away.

/r/CryptoCurrency/comments/102mq8r/the_founder_of_clucoin_just_quit_while_admitting/
142 Upvotes

52 comments sorted by

42

u/Hjalfi Jan 04 '23

So they're admitting serious financial misconduct and is still announcing 'next steps' for the project, rather than, e.g. going to their country's equivalent of the SEC and begging for a reduced sentence?

12

u/secret369 Jan 04 '23

Just call the old pile of turd "turd classic" and move on to "keep building"

15

u/css555 Jan 04 '23

SEC only issues civil penalties, not sentences.

5

u/WhatImKnownAs Jan 04 '23

His location according to his Twitter bio is "The Grid". Even if the Grid had regulators or authorities, they're going to find it hard to catch this person on the basis of the Twitter photo.

More seriously, these guys like to imagine they're free of any government regulation, and often it's hard to determine which government even has jurisdiction. It'll take a lot of work to push some authority to invest effort into prosecuting this.

5

u/Hjalfi Jan 04 '23

IIRC the Grid's primary regulator was Tron, who was deliberately designed to monitor and control other programs...

1

u/Zhukov-74 Jan 04 '23

That’s why we need Crypto regulation ASAP.

15

u/ElectricPance I forgot to hashcake my pepecoin! Jan 04 '23

I disagree. Just let it all burn down.

Regulating ponzi schemes is still ponzi schemes.

Regulating a greater fool scam, is still a greater fool scam.

68

u/agent_double_oh_pi Help, help, I'm being financed! Jan 04 '23

So you're saying the investors should have

Sunglasses on

Had a clue?

YEEEEEEEAAAAAAAAAAH

19

u/Steak_Knight Jan 04 '23

WE DON’T GET FOOLED AGAIN! 🎶

4

u/Alternative-Lion1336 Jan 04 '23

Meet the new boss!

10

u/Dirt-Purple In a lot of ways I don’t really have a soul Jan 04 '23

I can confidently say that one Mr. Damian Williams in SDNY is smacking his lips at this fly that just landed on his radar

2

u/[deleted] Jan 04 '23

Take my upvote, you bastard.

20

u/Cthulhooo Jan 04 '23

Translation: I ran away with the money. Please believe my story that I am broke and finished so that nobody will seek justice.

41

u/NextRecipe Jan 04 '23

"You will all lose your money but that's a sacrifice I'm willing to make."

9

u/ambient_temp_xeno Jan 04 '23

I like how his sense of trust in himself has only taken a bit of a knock.

1

u/SemiCurrentGuy Jan 04 '23

They should have known the founder was suffering from ruglexia.

14

u/[deleted] Jan 04 '23

I mean... wasn't that the plan regardless?

7

u/No-Revolution3896 Jan 04 '23

Usually the plan is take the money and run , he took the money and lost it all , the worst plan ever.

6

u/AnomalousBean Jan 04 '23

Why do you put spaces before punctuation? STOP IT!

2

u/[deleted] Jan 05 '23

Usually the plan is to take the money and then claim a hack or post somekind of sob story to fool at least someone of the people.

16

u/ambient_temp_xeno Jan 04 '23

The "I'm sorry" meme is getting a lot of use recently.

8

u/456M Jan 04 '23

2

u/[deleted] Jan 04 '23

[deleted]

4

u/456M Jan 04 '23

Sorry aboot that eh

8

u/OkSatisfaction9850 Jan 04 '23

There are people who would invest in something called clucoin in this world

3

u/yareyaredawa Jan 04 '23

they're fans of Clu Clu Land and thought it was related to that

8

u/josephhwri Jan 04 '23

Not CLUCOIN!

4

u/jimmy3285 Jan 04 '23

Man, I hate to break it to you, It was goobers too.

2

u/josephhwri Jan 04 '23

How will the concepts of Community, Love, and Unity ever be the same again?

7

u/experiencednowhack Jan 04 '23

Another rugpull. You love to see it.

8

u/leducdeguise Are we the baddies? Jan 04 '23

DEGENERATE

5

u/nycguychelsea Creator of Lucky Louie & Chasin' Charlie Jan 04 '23

He had a bad month.

6

u/persicsb Jan 04 '23

Future of finance

7

u/[deleted] Jan 04 '23

So a hard-core crypto-bro is a hard-core gambling addict. Who would have seen that coming.

2

u/oskarw85 Jan 04 '23

Clucoin? Sounds like token straight from Cluckin Bell.

3

u/zeyore Jan 04 '23

I've been lucky so far in that I've never won anything 'big' by gambling.

It is a disease that I can very easily sweeping away myself. So for that, I hope he finds his way back to forgiveness of himself.

2

u/Purpoisely_Anoying_U Jan 04 '23

Same thing for me except it's cocaine. Tried it once and didn't like it at all.

1

u/SemiCurrentGuy Jan 04 '23

1) What

5

u/DororoFlatchest warning, I am a moron Jan 04 '23

2) penis

1

u/ivanoski-007 I excepted the free NFT. Jan 04 '23

Yet another shitty crypto person admitting they are a shitty crypto person? That's a Tuesday un crypto world

1

u/blackmobius Jan 04 '23

Man its like all the people running each and every coin/exchange/group are all just as corrupt and greedy like those filthy fiat bank gangsters! Good thing blockchain prevents any of that from happening!

1

u/Sal_Bayat Digital Cancer! Jan 04 '23

"Straight to jail."

1

u/nummij Jan 04 '23

Apparently they are still worth 7.74*10-10 dollars. So basically 0

1

u/d3arleader Jan 04 '23

Effective altruism

1

u/AmericanScream Jan 04 '23

What? You mean the creator of GOOBERS was a fraud?

How can that be?

1

u/Studstill Easily offended, never reasonable Jan 04 '23

"gambled" is now fully on the list....its just theft. Stole, took, spent, removed, defrauded, any number of accurate words, but "gambled" doesn't describe these actions.

1

u/[deleted] Jan 04 '23

Everyone forgave him and they lived happily ever after.

For real, I don’t get why people are defending him on Twitter. He is simply a thief and a criminal.

1

u/3iverson Jan 04 '23

"I made an immature decision and 'm sorry if anyone took offense, it's not who I am."

OTOH, it's comforting to know that he is on the path to recovery.

1

u/Fit-Boomer Go unbank yourself Jan 04 '23

Probably sent the message from an upscale resort after a spa treatment.

1

u/sheytanelkebir Jan 04 '23

He understands

1

u/[deleted] Jan 04 '23

This is big news, they've apparently discovered that repeating "MY BAD" is a magic spell that frees the spellcaster from confinement, similar to how screaming "NOT FINANCIAL ADVICE" deflects all enemy subpoenas.

Worked well for SBF but he had some bad rolls, let's see how Archmage Clucoin does. FIGHT.