Yes, that is part of the risk. However, if most stay with the old tribe & token, then maybe the tyrant wasn't so bad, after all?
Justin Sun stole over $10M by change balances to user accounts. Yet there are tons of people still on Steem. Even those who don’t believe in Steem any more.
I agree with the trust aspect but there is a big difference. Facebook is accountable to rules and regulations. There is very little he can get away with while crypto is the Wild West. We have had many scams on Hive alone that would flat out get someone in jail but in the they usually get away with it.
Although crypto certainly 'feels' like the Wild West, given the fact that every action is immutably stored on the blockchain, truly illegal behavior should be relatively easy to prosecute. Or am I being overly naive here?
Have any of his actions been brought before a court of law, either civilly or criminally?
Most people here are anonymous, and generally the police want no part in anything online, crypto or not. So unless you are ready to front major legal bills, most people get away with it. There are a few examples of this even on Hive like bellyrub and Magic Dice.
Yes, there is an active lawsuit.