|
so i've been out of the crypto news for a while, but did this exchange collapse because the CEO of another exchange sold out of a bunch of their coin to crash it? That's what an article about something else tangentially related said
|
#
?
Nov 11, 2022 22:13
|
|
|
|
| # ? Jun 4, 2024 18:09 |
|
|
ilmucche posted:so i've been out of the crypto news for a while, but did this exchange collapse because the CEO of another exchange sold out of a bunch of their coin to crash it? That's what an article about something else tangentially related said it collapsed because that triggered a bank run, which revealed the customer deposits were half "iou one dollar, love, sbf"
|
|
#
?
Nov 11, 2022 22:14
|
|
|
Sequoia, the company that zeroed out its investment in FTX... took down a paid-for profile of Bankman-Fried... but the Web Archive is still there... https://web.archive.org/web/20221109235109/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/
|
|
#
?
Nov 11, 2022 22:17
|
|
|
What did they do with user money?
|
|
#
?
Nov 11, 2022 22:17
|
|
|
Tom Tucker posted:What did they do with user money? Gambled it
|
|
#
?
Nov 11, 2022 22:19
|
|
|
evilweasel posted:it collapsed because that triggered a bank run, which revealed the customer deposits were half "iou one dollar, love, sbf" So he sold, loads of people tried to pull their money out and when the coffers were opened the customers got geraldo-ed?
|
|
#
?
Nov 11, 2022 22:28
|
|
|
Yes.
|
|
#
?
Nov 11, 2022 22:30
|
|
|
But gambling with other peoples money is the foundation of financial markets. Did they just do it without the Fed backing it?
|
|
#
?
Nov 11, 2022 22:34
|
|
|
Paladinus posted:@AutismCapital we always assumed
|
|
#
?
Nov 11, 2022 22:50
|
|
|
Tom Tucker posted:But gambling with other peoples money is the foundation of financial markets. Did they just do it without the Fed backing it? Here's an explanation as Matt Levine understands it: https://newsletterhunt.com/emails/22937
|
|
#
?
Nov 11, 2022 23:08
|
|
|
Anyway FTX leadership were all having sex with each other https://twitter.com/edzitron/status/1590828567268823040 https://twitter.com/arc315/status/1590976972695691266
|
|
#
?
Nov 11, 2022 23:15
|
|
|
Is it even possible to get a bitcoin CEO in trouble for moral turpitude?
|
|
#
?
Nov 11, 2022 23:16
|
|
|
Tom Tucker posted:But gambling with other peoples money is the foundation of financial markets. Did they just do it without the Fed backing it? People used real money to buy idiot funbux and deposit them at the idiot funbux emporium where idiots lost the funbux, and since the funbux are not actual money and the emporium is not a bank none of this is eligible for FDIC insurance. They're just boned
|
|
#
?
Nov 11, 2022 23:19
|
|
|
CNN headline is: Crypto giant files for bankruptcy as CEO resigns in a stunning downfall My dudes, there is nothing stunning about this.
|
|
#
?
Nov 11, 2022 23:21
|
|
|
Tom Tucker posted:What did they do with user money? Looks like its in the executives' bank accounts while they polyamory'd. Oh yeah and money laundering. And facilitating activities, exchanges, and things that are very FPMITAP.
|
|
#
?
Nov 11, 2022 23:24
|
|
|
Nobody wants to consider cryptobros’ poly relationships, dammit
|
|
#
?
Nov 11, 2022 23:25
|
|
|
Marklar posted:CNN headline is: Crypto giant files for bankruptcy as CEO resigns in a stunning downfall for people unfamiliar with the bits of coin 80-90%+ drops or losses may seem amazing and novel
|
|
#
?
Nov 11, 2022 23:26
|
|
|
Non-monogamy: ethical investing: unethical
|
|
#
?
Nov 11, 2022 23:27
|
|
|
i'm not advocating for it or anything, but i'm saying the inevitable thing that will happen is one of these CEOs is going to get shot. do kwon is in a country that until recently has been difficult for US citizens to enter, much less enter with a gun. (edit: forgot also he fled that country) SBF lives in the united states.
|
|
#
?
Nov 11, 2022 23:30
|
|
|
SBF is american but lives in the bahamas, sexing on the islands polyamourous rationalist community
|
|
#
?
Nov 11, 2022 23:37
|
|
|
drk posted:SBF is american but lives in the bahamas, sexing on the islands polyamourous rationalist community i guess he's safe.
|
|
#
?
Nov 11, 2022 23:51
|
|
|
Strong Sauce posted:Sequoia, the company that zeroed out its investment in FTX... took down a paid-for profile of Bankman-Fried... It's impressive that bullshit could be piled that high without collapsing under its own weight. Oh wait..
|
|
#
?
Nov 11, 2022 23:56
|
|
|
It is very fitting that the people regarded as gneisses were just gross nerd scammers living in a polycule
|
|
#
?
Nov 12, 2022 00:19
|
|
|
Everyone making fun of Sam Bankman-Fried is going to feel real dumb when it turns out this was a Brewster's Millions scenario, and he now inherits his great uncle's $90 billion NFT fortune.
|
|
#
?
Nov 12, 2022 00:24
|
|
|
https://www.youtube.com/watch?v=GtXm1U96nOA
|
|
#
?
Nov 12, 2022 00:38
|
|
|
Squiggle posted:lol
|
|
#
?
Nov 12, 2022 01:00
|
|
|
My inner auditor is making a strange hissing noise please advise
|
|
#
?
Nov 12, 2022 01:07
|
|
|
"our business is very simple: we take your money and throw it directly into a furnace"
|
|
#
?
Nov 12, 2022 01:11
|
|
|
slidebite posted:Its uncanny I went back to work but left GIMP open and every time I close a remote desktop window or Teams meeting I see it and laugh
|
|
#
?
Nov 12, 2022 01:13
|
|
|
https://twitter.com/WatcherGuru/status/1591136661169401856?t=pQqIv8KUFDb9HQ1vnZtw4w&s=19 Magical numbers
|
|
#
?
Nov 12, 2022 01:33
|
|
|
Ahoy, thar she blows!
|
|
#
?
Nov 12, 2022 01:49
|
|
|
https://twitter.com/PixelatedWah/status/1591231194863370242 lol, lmao
|
|
#
?
Nov 12, 2022 01:52
|
|
|
https://twitter.com/carolinecapital/status/1379036346300305408
|
|
#
?
Nov 12, 2022 01:54
|
|
|
Ahhhh yes, the good ol' tweaker irregular love polygon trying to run anything.
|
|
#
?
Nov 12, 2022 01:57
|
|
|
All my doges eaten
|
|
#
?
Nov 12, 2022 01:58
|
|
|
Inside of you are two doges. Which one is more powerful depends on which... Wait. Oh. Oh, dear. I'm sorry to inform you that both doges are now dead.
|
|
#
?
Nov 12, 2022 02:01
|
|
|
CaptainSarcastic posted:Inside of you are two doges. Which one is more powerful depends on which... Wait. Oh. Oh, dear. I'm sorry to inform you that both doges are now dead. mine aren't! ones running upstairs and the other is running out the door!
|
|
#
?
Nov 12, 2022 02:07
|
|
|
When it rains, it pours. https://www.bloomberg.com/news/articles/2022-10-11/bored-ape-creator-yuga-labs-faces-sec-probe-over-unregistered-offerings (old) + https://www.coindesk.com/business/2022/11/08/yuga-labs-circle-skybridge-among-investments-ftx-venture-made-prior-to-liquidity-issues/ + https://decrypt.co/114158/bored-ape-yacht-club-nft-prices-fall-after-ftx-sinks-crypto-market So where are the apes at now? https://twitter.com/Pauly0x/status/1591087122823680001?t=XSM3CRsx_1OfB3PenDoqFg&s=19 The apes are screwed.
|
|
#
?
Nov 12, 2022 02:52
|
|
|
lol which of them are gonna flee even harder lmao interpol
|
|
#
?
Nov 12, 2022 03:05
|
|
|
|
| # ? Jun 4, 2024 18:09 |
|
|
|
|
#
?
Nov 12, 2022 03:05
|
|