Judge says Terraform Labs crypto founder Do Kwon violated law

The actual ruling is worth a read. I still can't figure out how people actually fall for nonsense like this:

In a Tweet on April 7, 2021, Kwon wrote: “A bet on the moon [LUNA] is very simple: it goes up in value (inc. scarcity) the more Terra money is used; it goes down in value (inc. dilution) the less Terra money is used. The moon’s fate in the long run is tied to how widely the money gets used and transacted.” ECF No. 75, Ex. 105. In another post that day, Kwon wrote: “But in the long run, $Luna value is actionable –- it grows as the [Terraform] ecosystem grows. As a holder of the [moon], you then have three choices: Sit back and watch me kick ass; Take profits and buy unvaluable assets; Or you can roll up your sleeves and build cool shit.” Id., Ex. 108.

https://storage.courtlistener.com/recap/gov.uscourts.nysd.59...