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Posted on 11/11/22 at 9:36 pm to Proximo
Have never even heard of this FTX company.
Can’t wait for this episode of American Greed. The whole company is likely just a front for cash flow for Biden
Can’t wait for this episode of American Greed. The whole company is likely just a front for cash flow for Biden
Posted on 11/11/22 at 9:38 pm to UltimaParadox
quote:
I mean everyone wanted unregulated markets. This is what happens, did he break any laws. People willing gave him money with zero laws in place to protect them
Just because securities laws may not cover these transactions doesn't mean no criminal law will.
Posted on 11/11/22 at 9:48 pm to UltimaParadox
quote:
I mean everyone wanted unregulated markets. This is what happens, did he break any laws. People willing gave him money with zero laws in place to protect them
That’s fine. People will very quickly learn their lesson and the market will correct itself.
Posted on 11/11/22 at 10:03 pm to WaWaWeeWa
quote:
Bankmanless
@BanklessHQ
BREAKING:
Onchain data shows that $380m of funds from FTX are on the move.
Are the insiders rugging?
Posted on 11/11/22 at 10:09 pm to Hulkklogan
quote:
DeFi takes the middleman out.. Code is law, the smart contracts are open source and immutable, and all reserves are verifiable by anyone anywhere.
You go to Uniswap and exchange ETH for USDC? That is done through a 'liquidity pool'. People put up pairs of tokens (in this case, USDC/ETH). The pool has a swap fee and that fee is dispersed proportionally among all liquidity providers, earning them a legit, non-ponzi yield.
Am I just stupid or does this not make any sense to anyone else?
I'm not disputing it, I just cannot make sense of how 'anyone anwhere' can validate reserves, pair up pairs of tokens with others, and swap through a 'liquidity pool.' Maybe I'm the dumb one, but this sounds like jargon that really doesn't mean a lot to 99% of the world.
Posted on 11/11/22 at 10:11 pm to Proximo
Using real money to buy fake money. Dumb dumb dumb.
About as dumb as using real energy to create hydrogen to create less energy. More dumb shite from the greenflation mafia.
About as dumb as using real energy to create hydrogen to create less energy. More dumb shite from the greenflation mafia.
Posted on 11/11/22 at 10:20 pm to Bobby OG Johnson
quote:
foobar
@0xfoobar
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
quote:
Recipient wallet here: https://etherscan.io/address/0x59abf3837fa962d6853b4cc0a19513aa031fd32b#tokentxns
They seem to be moving everything
quote:
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
https://mobile.twitter.com/0xfoobar/status/1591261359152705538
Posted on 11/11/22 at 10:36 pm to Bobby OG Johnson
quote:
foobar
@0xfoobar
General counsel @_Ryne_Miller says he doesn't know why the funds are moving. If part of a liquidation order, he would definitely be clued in. Must be malicious, the question is then whether it's an inside or outside job. Not great
Posted on 11/11/22 at 10:47 pm to Bobby OG Johnson
quote:
unusual_whales
@unusual_whales
JUST IN: At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, per Reuters.
Posted on 11/11/22 at 11:02 pm to BigWillyMetry
quote:
Using real money to buy fake money. Dumb dumb dumb.
About as dumb as using real energy to create hydrogen to create less energy. More dumb shite from the greenflation mafia.
almost as dumb as believing fiat money is real.
Posted on 11/11/22 at 11:03 pm to AMS
I understand the benefit of crypto, but we are in the wild west phase of it.
Posted on 11/11/22 at 11:44 pm to Bobby OG Johnson
I’m sorry but if you invested in crypto you are a fricking idiot and deserve this. Easy money is dangerous money. Learn your lesson and invest in the real market.
Posted on 11/11/22 at 11:46 pm to Fox McCloud
quote:
I’m sorry but if you invested in crypto you are a fricking idiot
Didn't a lot of people buy bitcoin at like a nickel years ago, the risk of investing is doing your home work, but investing .05 vs 15K is a huge difference.
Posted on 11/11/22 at 11:48 pm to DoUrden
A lot of people? Lol and how many held to make big money, barely any. Stupid take
Posted on 11/11/22 at 11:49 pm to Proximo
And now the dims have cover to take over crypto and regulate it “for our own good”.
Posted on 11/11/22 at 11:50 pm to Fox McCloud
quote:
A lot of people? Lol and how many held to make big money, barely any. Stupid take
If you bought crypto outside of the past 2 years you're probably up bigger than 99% of stocks. So if you bought in during like 85% of the rest of time Bitcoin existed you are up.
Posted on 11/12/22 at 12:35 am to Proximo
Word on the street is Sam Bankman-Fried is fleeing the Bahamas on this flight.
Posted on 11/12/22 at 12:38 am to TchoupitoulasTiger
Time for Seal Team Six.
Posted on 11/12/22 at 5:20 am to Fox McCloud
quote:
I’m sorry but if you invested in crypto you are a fricking idiot and deserve this.
You are very low IQ
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