When facing depositions from major creditors, a bankrupt startup in the Web3 space chose to invoke the Fifth Amendment rather than cooperate. The move came amid an ongoing federal criminal investigation into the company's operations. It's a stark reminder of the legal minefields that can await even well-funded ventures—especially in industries where regulatory scrutiny runs high. The silence strategy raises questions: What's serious enough to warrant such defensive tactics? Is it operational misconduct, financial mismanagement, or something deeper? For investors tracking this space, it underscores why due diligence on management credibility matters just as much as the technology itself.
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CounterIndicator
· 8h ago
Silence is the best answer; this matter is basically confirmed.
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OptionWhisperer
· 8h ago
Silence is a confession; this trick is really nothing new in Web3.
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SingleForYears
· 8h ago
Silence is the answer, this move directly exposed it
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MissedTheBoat
· 8h ago
Silence is a confession; I've seen this tactic too many times in the blockchain community.
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ChainDetective
· 8h ago
Silent and speechless... with this move, it's basically a dead giveaway.
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JustHodlIt
· 9h ago
Silence itself is the biggest acknowledgment; this move is truly outstanding.
When facing depositions from major creditors, a bankrupt startup in the Web3 space chose to invoke the Fifth Amendment rather than cooperate. The move came amid an ongoing federal criminal investigation into the company's operations. It's a stark reminder of the legal minefields that can await even well-funded ventures—especially in industries where regulatory scrutiny runs high. The silence strategy raises questions: What's serious enough to warrant such defensive tactics? Is it operational misconduct, financial mismanagement, or something deeper? For investors tracking this space, it underscores why due diligence on management credibility matters just as much as the technology itself.