Summary
A teenage boy created and released three memecoins, earning over $50,000 by selling his holdings before the price crashed (“soft rug pull”).
The backlash was swift, with the boy and his family doxed and facing threats from angry traders.
While the legality of such actions is unclear, the incident highlights the risks and ethical dilemmas in the unregulated memecoin market.
Wasn’t there a news piece about an eyedrop from India that killed a few people and made others go blind because of some bacterial infection?
Yea, some medicine exported from India to African countries had quality issues, there was also another news about a cough syrup which caused child death