Mark Cuban-Backed Crypto Falls 99.9% in 1 Day
I was looking at the crypto markets on Wednesday, and I saw a token that was down 99.9% in one day.
Basically, it’s at zero.
And what’s special about this crypto is billionaire Mark Cuban — owner of the Dallas Mavericks, tech guru and Shark Tank aficionado — was backing this one.
In today’s Market Insights video, Steve Fernandez and I discuss what exactly happened to Cuban and this token in the span of 24 hours.
Editor, Strategic Fortunes
My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives. Eventually, I needed to walk away from the excess of Wall Street. That’s when I joined Banyan Hill in 2017. Now I help readers get ahead of the market and build their retirements.