Tommy Vitor

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SimpliSafe is named best home security system by US News and World Report five years in a row. Dollar a day. Keep yourself safe. Come on. That's nothing. Visit simplisafe.com slash crookedworld to claim 50% off a new system with a professional monitoring plan and your first month free. That's simplisafe.com slash crookedworld. There's no safe like SimpliSafe. Our guest today is Zeke Fox.

He's an investigative reporter for Bloomberg Businessweek and the author of Number Go Up, Inside Crypto's Wild Rise and Staggering Fall. Zeke, great to meet you.

He's an investigative reporter for Bloomberg Businessweek and the author of Number Go Up, Inside Crypto's Wild Rise and Staggering Fall. Zeke, great to meet you.

He's an investigative reporter for Bloomberg Businessweek and the author of Number Go Up, Inside Crypto's Wild Rise and Staggering Fall. Zeke, great to meet you.

A big fan of your work and I wish I better understood your entire area of coverage. So excited to talk with you today. I wanted to start with Argentinian President Javier Millet. We talked last week about how he promoted this meme coin called Libra.

A big fan of your work and I wish I better understood your entire area of coverage. So excited to talk with you today. I wanted to start with Argentinian President Javier Millet. We talked last week about how he promoted this meme coin called Libra.

A big fan of your work and I wish I better understood your entire area of coverage. So excited to talk with you today. I wanted to start with Argentinian President Javier Millet. We talked last week about how he promoted this meme coin called Libra.

It skyrocketed to billions of dollars in value after he tweeted about it and then crashed because a bunch of insiders dumped their shares in what is in the crypto world called a rug pull. In the old school penny stock world, would we just call that a pump and dump?

It skyrocketed to billions of dollars in value after he tweeted about it and then crashed because a bunch of insiders dumped their shares in what is in the crypto world called a rug pull. In the old school penny stock world, would we just call that a pump and dump?

It skyrocketed to billions of dollars in value after he tweeted about it and then crashed because a bunch of insiders dumped their shares in what is in the crypto world called a rug pull. In the old school penny stock world, would we just call that a pump and dump?

Right, right, right, right. Okay, good. This is very helpful because you're actually anticipating one of the questions I have for you later. So back to this Libra coin, 86% of traders who bought Libra lost money. Total losses were something like $251 million. Just for our listeners who aren't familiar with crypto, when we're talking about a meme coin, what does that mean?

Right, right, right, right. Okay, good. This is very helpful because you're actually anticipating one of the questions I have for you later. So back to this Libra coin, 86% of traders who bought Libra lost money. Total losses were something like $251 million. Just for our listeners who aren't familiar with crypto, when we're talking about a meme coin, what does that mean?

Right, right, right, right. Okay, good. This is very helpful because you're actually anticipating one of the questions I have for you later. So back to this Libra coin, 86% of traders who bought Libra lost money. Total losses were something like $251 million. Just for our listeners who aren't familiar with crypto, when we're talking about a meme coin, what does that mean?

Yeah, well, we all keep going to the casino, too, right? I mean, I get it on some level. So thank you for that very helpful explanation. So after this happens, the rug gets pulled. Javier Malay pumps this cryptocurrency. All these people lose money and they get hurt. A bunch of his political opponents were calling for impeachment. There was a judge who threatened to investigate him for fraud.

Yeah, well, we all keep going to the casino, too, right? I mean, I get it on some level. So thank you for that very helpful explanation. So after this happens, the rug gets pulled. Javier Malay pumps this cryptocurrency. All these people lose money and they get hurt. A bunch of his political opponents were calling for impeachment. There was a judge who threatened to investigate him for fraud.

Yeah, well, we all keep going to the casino, too, right? I mean, I get it on some level. So thank you for that very helpful explanation. So after this happens, the rug gets pulled. Javier Malay pumps this cryptocurrency. All these people lose money and they get hurt. A bunch of his political opponents were calling for impeachment. There was a judge who threatened to investigate him for fraud.