Yes. In the same way that "FTX is a ponzi scheme" was a conspiracy theory until a few days ago.

> same way that "FTX is a ponzi scheme" was a conspiracy theory until a few days ago

FTX’s failings weren’t widely acknowledged. But critics weren’t dismissed as unbelievable, even absent strong evidence. Most of us just don’t give a shit.

Beyond Robinhood ramblings, there isn’t even circumstantial evidence of DTCC being corrupted in favour of Citadel, a claim which requires having the latter overpower every global bank plus every competing fund complex, from BlackRock to Bridgewater.

I hadn't seen it. I know a large chunk of HN are very much pro-crypto but I'm still surprised that the top comments are mostly denialist.

Wasn't there some kind of YouTuber screaming his lungs at SBF and his exchange a week before this happened? I even remember people were laughing at him. They made a joke out of his tantrums.

What theory are you talking about? are you referring to GME related discussions?

It's a popular theory within the gamestop and /r/superstonk circles. Make of that what you will.

I don't follow it too closely, but I've seen blog headlines suggesting that the big Wall Street entities got together and colluded to avoid having to eat major losses on their short position on GME stock that the meme people were holding. Basically that investment banks were able to cheat individual investors out of their money by changing the rules at the last minute. I have no idea where this falls on the spectrum of "LIBOR price fixing" down to "2020 election was stolen" as far as plausible conspiracy theories go.

Very much election was stolen energy. "The geometric mean of these prices ends in a 6, which isn't a prime number, thus proving blah blah."