- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: This FTX Thing is Huge (UPDATE)
Posted on 11/12/22 at 9:49 am to ColoradoTiger1987
Posted on 11/12/22 at 9:49 am to ColoradoTiger1987
quote:
However, to call the regular stock exchange as “regulated” is a joke in itself as well. For example, you have the Pelosi’s who obviously have inside information able to trade on things that have not been released public yet for instance. Then, you have things like the CEO of Pziser able to sell his stock when the FDA authorizes the EUA for the Covid Vaccine.
That’s just the obvious part. The real fraud is the dark pools and naked shorting.
This post was edited on 11/12/22 at 9:50 am
0
Posted on 11/12/22 at 9:52 am to BoarEd
quote:It's Ponzi but that's not what is happening. It's just straight up money laundering/fraud.
ponsi scheme
Posted on 11/12/22 at 9:56 am to boosiebadazz
Imagine giving up your BTC or ETH for the houses shitcoin because muh lower trading fees . What a bunch Fettermans 
This post was edited on 11/12/22 at 9:57 am
Posted on 11/12/22 at 10:02 am to Crimson1st
quote:
they were just saying on F&F t
Are you unironically watching Fresh & Fit?
Posted on 11/12/22 at 10:13 am to BoarEd
Can someone explain the FTX thing to me like I’m 5?
This post was edited on 11/12/22 at 10:13 am
Posted on 11/12/22 at 10:17 am to TankBoys32
quote:
Can someone explain the FTX thing to me like I’m 5?
Guy runs a crypto exchange (think of it like an unregulated bank) in the Bahamas.
He also runs a hedge fund.
Neither have good governance or a real board.
Hedge fund is about to go belly up, so he takes client deposits from the exchange and funds the hedge fund. Leaves IOUs instead. These IOUs were in the form of a token of the exchange (which existed in their own market before this fraud).
Somebody figured it out and that something was wrong, threatened to sell all of his exchange tokens, which just unraveled the fraud and the founder may a have just stolen the rest of the client deposits.
He donated a lot of this money to Democrats and acted like he was going to be the biggest philanthropist on earth. His net value went from 16B to 0 overnight (before he may have stolen client funds, that is).
Posted on 11/12/22 at 10:20 am to bstew3006
Theranos.
But for crypto.
But for crypto.
Posted on 11/12/22 at 10:23 am to SlowFlowPro
quote:
Somebody figured it out and that something was wrong, threatened to sell all of his exchange tokens, which just unraveled the fraud and the founder may a have just stolen the rest of the client deposits.
SBF was shite talking the head of Binance, who had been bought out of FTX using the Chuck E Cheese tokens.
The head of Binance dumped his Chuck E Cheese tokens making the tokens worth slightly less than a Chuck E Cheese token. Then the value of Alameda collapsed because their assets were Chuck E Cheese tokens.
Posted on 11/12/22 at 10:23 am to TankBoys32
quote:
Can someone explain the FTX thing to me like I’m 5?
Democrats always involved in the frickery
Posted on 11/12/22 at 10:23 am to SlowFlowPro
quote:
His net value went from 16B to 0 overnight
He said he was going to give all his money away.
Posted on 11/12/22 at 10:24 am to BoarEd
Who is going to hold them accountable?
How many times do they have to let their corruption sit out in plain site only for the authorities to look the other way?
We are not a nation of laws. Even if it's impossible to refute, nothing will happen.
How many times do they have to let their corruption sit out in plain site only for the authorities to look the other way?
We are not a nation of laws. Even if it's impossible to refute, nothing will happen.
Posted on 11/12/22 at 10:25 am to the808bass
quote:
He said he was going to give all his money away.
Until he (allegedly) stole 10 figures from clients
Posted on 11/12/22 at 10:30 am to bstew3006
quote:
Breaking news; FTX reporting $1B unauthorized transaction missing…
“Reuters, citing two people familiar with the matter, reported that at least $1 billion of customer funds had disappeared and that people told the news outlet that Bankman-Fried had secretly transferred $10 billion of customer funds from FTX to his trading company Alameda Research.”
“ Two sources told Reuters that Bankman-Fried – in a meeting he confirmed took place – shared records with other senior executives that revealed the financial hole.
Spreadsheets reportedly showed that between $1 and $2 billion dollars of the funds were not accounted for among Alameda's assets and that the spreadsheets did not indicate where the money was moved.”
Posted on 11/12/22 at 10:32 am to AUCom96
quote:
Who is going to hold them accountable?
No one. They’re connected. SBF’s girlfriend is the daughter of Glenn Ellison, the department head of Economics at MIT. The previous department head was Gary Gensler, who is now head of the Securities Exchange Commission.
SBF’s mom runs a Democratic PAC.
Posted on 11/12/22 at 10:41 am to bstew3006
quote:
Reuters, citing two people familiar with the matter, reported that at least $1 billion of customer funds had disappeared and that people told the news outlet that Bankman-Fried had secretly transferred $10 billion of customer funds from FTX to his trading company Alameda Research.”
“ Two sources told Reuters that Bankman-Fried – in a meeting he confirmed took place – shared records with other senior executives that revealed the financial hole.
Spreadsheets reportedly showed that between $1 and $2 billion dollars of the funds were not accounted for among Alameda's assets and that the spreadsheets did not indicate where the money was moved.”
You see, this isn't going away. Reuters reporting on it. People are asking who is going to hold them accountable? This isn't something they're going to be able to sweep under the rug.
Posted on 11/12/22 at 10:44 am to TankBoys32
quote:
Can someone explain the FTX thing to me like I’m 5?
If you were wondering how Dems & RINOs were funneling our money back to themselves…. It was thru the FTX crypto exchange. They were sending “military aid” to Ukraine. Ukraine was “buying crypto” thru FTX and sending it back to the DNC and the deep state. I always wondered how they were funneling it. Billions just vanished into thin air and the people who had their crypto with FTX are shite out of luck!
Posted on 11/12/22 at 10:45 am to Dawg7730
quote:Maxine Waters has called for investigation into FTX....
Whose going to investigate? The people who co-opped and got the money are in power. Ain’t shite going to happen.
BWWWWAAAAAAA HAAA HA HAAAAAAA!
Of course that shite for brains communist is being called to heel like a good slave right away
Posted on 11/12/22 at 10:46 am to the808bass
quote:
No one. They’re connected. SBF’s girlfriend is the daughter of Glenn Ellison, the department head of Economics at MIT. The previous department head was Gary Gensler, who is now head of the Securities Exchange Commission.
Powerful connections didn’t save Liz Holmes. She’s currently staring down the barrel of 15 yrs.
SBF also vaporized the funds of some very powerful, well heeled people.
This post was edited on 11/12/22 at 10:46 am
Posted on 11/12/22 at 10:47 am to cwill
If it was just stupidity and fraud, he will get the hammer.
If there’s a larger conspiracy at work, he’ll mostly skate.
If there’s a larger conspiracy at work, he’ll mostly skate.
Posted on 11/12/22 at 10:48 am to JJJimmyJimJames
quote:She can't even spell FTX.
Maxine Waters has called for investigation into FTX....
Page 3 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News