@CZ Zhao was set up and lost five hundred million dollars? $BNB What exactly happened with the first U.S. stock treasury stock bnc? Let's take a look together
Brothers, Zhao was really tricked this time. Old fans know that I've been paying attention to the bnc company in the U.S. stock market, which has about 50w of $BNB . Zhao invested five hundred million dollars, holding 5% of the shares, which is Zhao's hard work!
However, the company was previously controlled by 10x. It turns out Zhao wanted to drive 10x away and revitalize the company, but 10x recently exposed asset management agreements, which clearly state that this 50w of bnb is managed by 10x, charging a management fee of 1.75% per year, with no return requirements or assessments, essentially giving away about 6 to 7 million dollars to 10x every year! And signing for 20 years, it would mean giving over one hundred million dollars to 10x!
Sigh, Zhao's investment of five hundred million dollars is likely going to go down the drain. Capitalists harvest big shots, project parties harvest retail investors, and no one can escape the fate of being harvested! #BTC行情 $ETH