My understanding is that he violated the terms of the contracts that customers signed. That's why it was considered fraud.
Yeah, so I think ETH is a scam but I don't think its creator is guilty of fraud. You do not have to sign a contract to buy that token. The info / knowledge about how it works is freely available. That's the difference to me.
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Agreed. It could hypothetically be fraudulent, if the organization that manages ETH makes explicit assurances about how they're going to manage it and then do something different.
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