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  • Kiplinger

    Cryptocurrency: Stay In? Get Out? How to Decide?

    by Stephen P. Harbeck, retired president and CEO of SIPC, Thomas P. Vartanian, financial services lawyer Sep 24, 2022 2 minutes

    Warren Buffett is famous for saying “Only when the tide goes out do you discover who's been swimming naked.” If you invested in cybercoins, the news has not been good lately. Are you wearing your bathing suit?  What to do?  Is time to take your profits … or cut your losses?

    The international investment community was shocked and saddened to learn of the utterly unexpected news that millions of investors worldwide were victims of a pyramid scheme involving cryptocurrency accounts controlled by “founders” in Tbilisi, in the case in August.

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