When prosecutors dodge the hard questions, something's seriously wrong. A major news outlet pushed back: hundreds of millions—possibly $9 billion—in fraud. Yet the response from officials? "Not a serious matter."

Really? Let that sink in. Billions in potential losses affecting countless users, and it gets waved away as trivial. This is exactly the kind of regulatory blind spot that haunts the crypto space. When law enforcement downplays massive fraud allegations instead of doubling down on investigations and prosecutions, trust erodes fast.

The gap between the scale of these claims and the apparent lack of urgency reveals a troubling pattern. Either resources aren't allocated properly, or priorities are misaligned with what actually matters to people losing their money. Either way, it's a credibility crisis waiting to explode.