“The OC” and “Gotham” actor Ben McKenzie has taken on a new role as a cryptocurrency cynic, calling the “supposedly multi-trillion dollar industry” “nothing more than a massive speculative bubble bound to pop.”
“In my opinion, the cryptocurrency industry represents the largest Ponzi scheme in history,” McKenzie said while testifying before the Senate Banking Committee Wednesday in its investigation into the collapse of FTX. “In fact, by the time the dust settles, crypto may well represent a fraud at least 10 times bigger than Madoff.”
McKenzie has been outspoken about his concerns regarding the industry since last year, and he is currently working on co-authoring a book called “Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud,” which was acquired by Abrams Press earlier this year.