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re: Official CryptoTalk Thread

Posted on 11/11/22 at 10:12 pm to
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 11/11/22 at 10:12 pm to
FTX user accounts might have been drained.

LINK
This post was edited on 11/11/22 at 10:13 pm
Posted by LordSaintly
Member since Dec 2005
42347 posts
Posted on 11/11/22 at 10:25 pm to
quote:

FTX user accounts might have been drained.


What in the absolute frick is happening
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 11/11/22 at 10:25 pm to
Oh it’s gone. The question is how in the frick are the authorities even allowing this to happen - these folks should all be in cuffs already

I swear this is going to give the government the green light to absolutely ruin crypto with regulations (maybe this was the plan all along )
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 11/11/22 at 10:26 pm to
Well… anyone who had anything on FTX is wiped out so that could be a lot of companies holeeeee shite
Posted by LordSaintly
Member since Dec 2005
42347 posts
Posted on 11/11/22 at 10:26 pm to
I don't see how SBF and Caroline Ellison avoid prison.
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 11/11/22 at 10:36 pm to
It's pretty amazing to see it happening real time.

On the plus side, lots of ETH being burned
Posted by AUCE05
Member since Dec 2009
45117 posts
Posted on 11/11/22 at 10:39 pm to
A 30 year old liberal born to privilege who has no real world experience in the financial sector starts an exchange in the Bahamas. Shocker, I tell you. He was huge in politics. I find it ironic he was everything he stood against.
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 11/11/22 at 10:41 pm to
quote:

The question is how in the frick are the authorities even allowing this to happen - these folks should all be in cuffs already


According to FTX legal counsel

quote:

"Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges - unclear facts as other movements not clear. Will share more info as soon as we have it. @FTX_Official"
:

Whatever is going on, it's not authorized.
Posted by AMS
Member since Apr 2016
6534 posts
Posted on 11/11/22 at 11:12 pm to
quote:

Whatever is going on, it's not authorized.



or thats another lie. theres nothing to worry about everything is fine like you hear everytime theres something to worry about and it isnt fine.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 11/11/22 at 11:13 pm to
Now rumors on Twitter FTX has been hacked and even the app itself could be malware

Convenient timing

But either way WTF IS GOING ON

damn
Posted by LordSaintly
Member since Dec 2005
42347 posts
Posted on 11/11/22 at 11:21 pm to
quote:

Now rumors on Twitter FTX has been hacked and even the app itself could be malware


I'm seeing that too. Holy shite.
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 11/11/22 at 11:34 pm to
Crypto is dead
Posted by LordSaintly
Member since Dec 2005
42347 posts
Posted on 11/11/22 at 11:45 pm to
quote:

Crypto is dead


No, but the big centralized entities might be.

Probably not a bad thing since they're against the entire ethos of crypto.
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 11/11/22 at 11:46 pm to
Nobody is investing in this garbage anymore. You crypto humpers will all just be buying and selling to each other within your little community now. Institutions will never invest in this going forward and most of retail has seen enough.
This post was edited on 11/11/22 at 11:47 pm
Posted by LordSaintly
Member since Dec 2005
42347 posts
Posted on 11/12/22 at 12:08 am to
We'll see if this is the final straw. People have declared crypto dead many times and it's still here.

I'll admit that this is worse than anything that's happened prior.
This post was edited on 11/12/22 at 12:09 am
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 11/12/22 at 12:17 am to
It’s not for BTC

Going to require another long education cycle for people to understand the difference

Goddamn these shitcoins and these dirty central exhanges
Posted by Old Money
LSU
Member since Sep 2012
41431 posts
Posted on 11/12/22 at 12:47 am to
quote:

No, but the big centralized entities might be.

Probably not a bad thing since they're against the entire ethos of crypto.


10000%. BTC is still real and legit, ETH seems also like a mainstay. Everything else is garbage regardless of what anyone tells me.
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 11/12/22 at 12:52 am to
(no message)
This post was edited on 11/12/22 at 12:54 am
Posted by LordSaintly
Member since Dec 2005
42347 posts
Posted on 11/12/22 at 12:58 am to
quote:

ETH seems also like a mainstay. Everything else is garbage regardless of what anyone tells me.




The projects that help ETH scalability are also good (Matic etc), but yeah those are basically extensions of ETH.
Posted by TigerDeBaiter
Member since Dec 2010
10676 posts
Posted on 11/12/22 at 3:38 am to
quote:

I swear this is going to give the government the green light to absolutely ruin crypto with regulations (maybe this was the plan all along )


The more shite that come out about SBF the more this looks like some government psyop. It’s like they said, here is your mission: go absolutely nuke crypto and have a good time doing it.
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