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re: Official CryptoTalk Thread

Posted on 11/11/22 at 8:24 pm to
Posted by brdrone
wanderer
Member since Jul 2016
208 posts
Posted on 11/11/22 at 8:24 pm to
Big miners insolvent too.
Killer bear market cycle in general.
Cant wait till the gov takes a whack at the crypto pinata next. Assume they gonna try kill the on / off ramps?
Posted by BottomlandBrew
Member since Aug 2010
27167 posts
Posted on 11/11/22 at 9:44 pm to
CT Link

quote:

Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here

After swapping USDT for DAI (more censorship-resistant?), they just swapped $44 million of stETH for ETH, eating huge slippage. This is super sketchy, no liquidator would be taking actions like this


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