Scaramucci Unleashes Wilde Wit on NAYG’s ‘Comedy of Errors’

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It seems the New York State Attorney General’s office, in a fit of theatrical fervor, has decided to stage a drama with Galaxy Digital as its unwitting protagonist. Anthony Scaramucci, the impresario of SkyBridge Capital, has taken to the stage of social media to decry this spectacle as nothing short of “lawfare,” a term that rolls off the tongue with all the subtlety of a Wildean quip. 🎭

“It’s LAWFARE, pure and simple,” he proclaimed, invoking an obscure New York statute known as the Martin Act, which he likened to a villain from a melodrama, lurking in the shadows, ready to ensnare the innocent without the need for such trivialities as proving intent. “The law, much like a poorly written play, lacks the necessary plot twist of intent, thus lowering the bar for prosecutorial theatrics to a level that would make even the most seasoned dramatist blush,” he added with a flourish. 🎩

The Martin Act: A Farce in One Act

“This law, dear reader, is akin to a stage devoid of a fourth wall, allowing the audience—nay, the prosecutors—to manipulate the narrative with reckless abandon. It’s a comedic tragedy that such a law exists,” Scaramucci opined, his words dripping with the satire of an Oscar Wilde protagonist.

Galaxy Digital, in this grand production, stands accused of promoting the now-infamous Terra (LUNA) cryptocurrency, a token that rose meteorically before crashing to Earth with the grace of Icarus. The settlement, a cool $200 million, seems almost like the price of admission to this legal theatre. 🎟️

Scaramucci, ever the defender of the falsely accused, insists that Galaxy’s CEO, Michael Novogratz, was but a player in this farce, believing every word he uttered about Luna to be true, deceived as he was by the puppet masters at Terraform Labs.

Meanwhile, MoonPay’s Keith Grossman, upon encountering the Martin Act, was forced to consult with an AI oracle, ChatGPT, to decipher its cryptic language. “It is so broad, it might as well be a blanket in a magician’s act, designed to make evidence disappear,” Grossman mused, adding a touch of sympathy for Novogratz, caught in this legal crossfire. 🎩✨

The saga continues, with LUNA’s market value soaring from a mere trifle to astronomical heights, only to plummet like a fallen star. Asset manager Anthony Pompliano, though not well-versed in the lawsuit’s details, still found it in his heart to vouch for Novogratz, painting him as a philanthropic soul caught in a tragicomedy not of his own making.

And thus, the Terra collapse remains etched in the annals of crypto lore, a cautionary tale of hubris and folly, where fortunes were made and lost in the blink of an eye. As one SEC attorney so eloquently put it, Terra was but a “house of cards,” a phrase that Wilde himself might have used to describe a society built on pretense and illusion. 🃏

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2025-03-29 12:10