Seriously though, a lot of influencers promoting this stuff have been getting paid in cold hard US dollars to promote these scams.
How do I know? I spoke to influencers to talk about my portfolio companies and many of them told me the crazy amount of cash they were getting paid from these scammers. Think 25,000 for a channel with hardly 100k followers.
That's why I feel like Sequoia partners should be investigated thoroughly. If a terrorist organization gets investments, don't we investigate those investors as well?
If you drop morals, like a16z did, by supporting another scammer and gritting on crypto, it's a very lucrative business.