How Gotham and OC star Ben McKenzie became the biggest celebrity cryptocurrency critic


Actor ben mckenziewho starred Gotham city and the chiefhas become a vocal critic of cryptocurrencygoing so far as to call it the “biggest Ponzi scheme in history”.

McKenzie, who plans to release a book next year on the cryptocurrency industry, spoke on the subject last year. writing for Board on how celebrities promoting cryptocurrency were a “moral disaster.”

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“I would suggest that celebrities do our due diligence on what we support, especially when it comes to dubious ‘investments,'” McKenzie wrote with Jacob Silverman for Board in October 2021. “Right now, cryptocurrencies are a wildly lawless and unregulated form of Wild West finance capitalism that feeds on rampant speculation, sketchy stablecoins, and shady dealings by a few big whales and people with information.” insider whose influence over these markets may be greater than most traders realize.

More than a year later, cryptocurrency company FTXwhich aired ads featuring celebrities like Tom Brady and Larry David, has collapsed and skepticism about cryptocurrencies is near an all-time high.

On Wednesday, McKenzie testified before the Senate Banking Committee by proclaiming that FTX and its Alameda Research subsidiary are a Ponzi scheme on the same level as the old Bernie Madoff scheme that defrauded investors of nearly $65 billion.

“Investment contracts that are effectively worthless are often described as Ponzi schemes, which are regulated under US law by the Securities and Exchange Commission. In my opinion, the cryptocurrency industry represents the largest Ponzi scheme in the history,” McKenzie said. “In fact, by the time the dust settles, cryptocurrency may well represent a fraud at least 10 times bigger than Madoff.”

McKenzie also estimated that people defrauded by FTX and others who have invested in various cryptocurrencies are being lied to about what they have invested their money in.

“I think they and the other 40 million Americans who have invested in cryptocurrency have been sold a list of assets,” McKenzie said. “They have been lied to, in ways both big and small, by a seemingly powerful crypto industry whose entire existence, in fact, depends on misinformation, hype and, yes, fraud.”

Talking with CNN this morning On Thursday, McKenzie spoke about how he understood something was wrong with cryptocurrency because he understood the language of his acting experience.

“I know how to lie because I make a living. As an actor, you are aware of what people do and how they use language,” McKenzie said.

McKenzie dismissed attempts to sell cryptocurrency as a lie by calling blockchain “innovative” or talking about how it will create new wealth.

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“As I know as a storyteller, just because it’s a story doesn’t mean it’s a true story,” McKenzie said.

The Senate hearing at which McKenzie spoke also included testimony from other experts, including shark tank Kevin O’Leary.

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