In no case do I think the scam was premeditated or that anyone other than FC was involved.
I know there can not be any proof for this claim, but would you disclose any logic behind this? What makes you so confident to state above?
I dont often agree with jimmothy, but I do here. Its a weird kind of scammer that first returns 6x more to its investors than it ever collected in its IPO. if it was premeditated, it certainly wasnt a few years ago. And its an unbelievably incompetent scam when you pull the plug right at the moment where everyone is holding their wallets expecting the launch of a new product, that could greatly increase his loot, just by selling (fake) BE300 bulk preorders or hashrate based on it.
Everything points to there being more to this story than FC pulling off a very weird and/or very incompetent scam. I still think its far more likely the discovery by authorities of 'theft' / misappropriated electricity of their mine is what triggered this collapse. Conjuncture, for sure, but more plausible than the incompetent scam theory.