Not to say no-one warned them. See:
"The cryptocurrency industry has now lost more than $660 billion in value from a January peak, according to data from CoinMarketCap.com. Bitcoin is down more than 70 percent from its December 2017 high, the data show."
Cryptocurrencies: "Everything You Don’t Understand about Money, Combined with Everything You Don’t Understand about Computers"
Those entrepreneurial types who work in start ups and think a wonderful financial strategy is to invest company money in crypto currency, even after understanding the risks and knowing the company cash coffers are already bleeding dry.
And have a DLA which they owe the company almost £400,000
Clearly I've never seen this in practice, or have I?
sole director? still don't care
last desperate throw of the dice. was it an actual loss on an investment or a derivate style transaction? what greed...
Unfortunately in that case, not a sole director! He was the sole shareholder though. But the other directors did not seem to take an interest in what's going on.
Mistaken identity. They thought they were selling Britcoin.
That'll hurt a few criminals who use it to launder their ill gotten gains
Today it's down around 30% in a week.
The cryptos had (amazingly) a combined value of almost USD$ 1 trillion around 10 months ago and it seems 80% of that has now disappeared in a puff of smoke, so that is an awful lot of fast wealth destruction. The analogy with the tulip bubble seems very apt now.