John Oliver took a closer look at the crypto collapse on Sunday night, spotlighting three of the once-exploding industrys biggest failures: Terra, Celsius and FTX.
In theory, they were supposed to be our next dollar, our next Bank of America, and our next stock exchange, he said. But in reality, they are fiascos.
Oliver said every crypto product is something someone simply made at up at some point.
That is true for all of them like Dogecoin, Catcoin, Pandacoin, Furrycoin, Cumrocket, Elon Sperm and Monkey Jizz, he said. Those are all real, by the way. We were going to come up with a fake one as a joke, but then we saw Monkey Jizz and it felt like a hat on a hat.
Oliver spotted a Celsius memo that called the companys operations very Ponzi-like while another called it possibly illegal and definitely not compliant.
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What an office that mustve been to work in, Oliver said, then envisioned it: Find yourself wandering out to Cheryls desk like, Hey girl, great top. Quick question: Are we, like, doing crimes? Cuz Im getting, like, major crime vibes in here.
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And thats not even close to the worst of it.
See more from his Sunday-night show:
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