Page 2 of 15 FirstFirst 12345612 ... LastLast
Results 21 to 40 of 295

Thread: Major crypto exchange FTX is about to collapse

  1. #21
    Plutonium sonatine's Avatar
    Reputation
    7001
    Join Date
    Mar 2012
    Posts
    31,697
    Load Metric
    24418957
    Quote Originally Posted by TheXFactor View Post
    SBF once had a net worth of $22 Billion.

    Will it soon be zero?

    He should've cashed-out when he had the chance.

    Never trust someone with crazy hair.




    i forget where this was briefly touched on but the whole 'sbf is worth less than a billion' narrative overlooks the possibility that hes got many, many, _many_ personal obligations and debt and loans and such.

    like he could be deep underwater already by a huge margin.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  2. #22
    Plutonium Sanlmar's Avatar
    Reputation
    3616
    Join Date
    Mar 2013
    Posts
    18,294
    Load Metric
    24418957
    Quote Originally Posted by NaturalBornHustler View Post
    I haven't paid attention to BTC is some time but heard something was going on today and......16k???? Holy fucking shit. Down 16% today alone. Hide yo wife and hide yo kids they rapin' errybody out here in these crypto streets. Let's just take this thing all the way back down to a few thou so I can get back in. Coincidence that the country just voted (allegedly) to destroy itself little by little for 2 more years? I think not.
    Whenever institutions suddenly lose that kind money they usually need to raise cash. So if your 401k took a hit today or will tomorrow you can still lose money despite not holding crypto.

    You’re a player

    You gonna play the bounce off $13.5? Of course, all eyes are on the same thing. It’ll shake and bake

  3. #23
    Plutonium sonatine's Avatar
    Reputation
    7001
    Join Date
    Mar 2012
    Posts
    31,697
    Load Metric
    24418957
    if even a tiny portion of what sbf is accused of is true, he is absolutely 100% going to prison.


    price targets:

    sol $3
    eth $500
    btc $10k
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  4. #24
    Plutonium sonatine's Avatar
    Reputation
    7001
    Join Date
    Mar 2012
    Posts
    31,697
    Load Metric
    24418957
    literal billions of retail money has vanished. no bailout, no acquisition, nothing.

    i dont know how many of you are on crypto twitter but ive never seen anything like this. a huge swathe of the most active members of the community are quite literally broke / destitute. 72 hours ago these were people routinely having 1m+ USD months and financing projects, sponsoring art, yada yada. they are now worth zero.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  5. #25
    Plutonium sonatine's Avatar
    Reputation
    7001
    Join Date
    Mar 2012
    Posts
    31,697
    Load Metric
    24418957
    like yeah a lot of people have cold wallets etc etc but an awful lot of active traders did brisk business on ftx and they are instantly busto.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  6. #26
    Bronze
    Reputation
    28
    Join Date
    Oct 2022
    Posts
    99
    Load Metric
    24418957
    Quote Originally Posted by sonatine View Post
    literal billions of retail money has vanished. no bailout, no acquisition, nothing.

    i dont know how many of you are on crypto twitter but ive never seen anything like this. a huge swathe of the most active members of the community are quite literally broke / destitute. 72 hours ago these were people routinely having 1m+ USD months and financing projects, sponsoring art, yada yada. they are now worth zero.
    Is there a thread on another site discussing the horror stories?

  7. #27
    Plutonium sonatine's Avatar
    Reputation
    7001
    Join Date
    Mar 2012
    Posts
    31,697
    Load Metric
    24418957
    Quote Originally Posted by Small_Banana View Post
    Quote Originally Posted by sonatine View Post
    literal billions of retail money has vanished. no bailout, no acquisition, nothing.

    i dont know how many of you are on crypto twitter but ive never seen anything like this. a huge swathe of the most active members of the community are quite literally broke / destitute. 72 hours ago these were people routinely having 1m+ USD months and financing projects, sponsoring art, yada yada. they are now worth zero.
    Is there a thread on another site discussing the horror stories?

    honestly i feel weird amplifying / archiving the particulars but like, just as an example, this guys TL is legit hard to read;

    https://twitter.com/CL207
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  8. #28
    Bronze
    Reputation
    28
    Join Date
    Oct 2022
    Posts
    99
    Load Metric
    24418957
    Quote Originally Posted by sonatine View Post
    like yeah a lot of people have cold wallets etc etc but an awful lot of active traders did brisk business on ftx and they are instantly busto.
    I think some of the crypto casino sites are gonna implode next. They were already struggling because Twitch banned streamers from playing on crypto casinos. Lack of new players signing up coupled with an implosion of their crypto holdings might result in the smaller sites like Roobet and Gamdom doing a rug pull. I can see them shutting down and keeping all deposits.

     
    Comments
      
      sonatine:

  9. #29
    Plutonium sonatine's Avatar
    Reputation
    7001
    Join Date
    Mar 2012
    Posts
    31,697
    Load Metric
    24418957
    Quote Originally Posted by Small_Banana View Post
    Quote Originally Posted by sonatine View Post
    like yeah a lot of people have cold wallets etc etc but an awful lot of active traders did brisk business on ftx and they are instantly busto.
    I think some of the crypto casino sites are gonna implode next. They were already struggling because Twitch banned streamers from playing on crypto casinos. Lack of new players signing up coupled with an implosion of their crypto holdings might result in the smaller sites like Roobet and Gamdom doing a rug pull. I can see them shutting down and keeping all deposits.

    the doj is already spinning up an investigation of ftx, theres zero chance they dont start dropping those black friday style hammers.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  10. #30
    Bronze
    Reputation
    28
    Join Date
    Oct 2022
    Posts
    99
    Load Metric
    24418957
    Elon Musk tweets while sitting on the toilet. And I post on Poker Fraud Alert while sitting on the toilet.

    I just thought of something. During the 2008 financial crash, anytime a bank got bailed out the stock market would go crazy the next session. If FTX gets a bailout, I wonder if BTC will moon 10-20%? Or is a bailout impossible?

  11. #31
    Owner Dan Druff's Avatar
    Reputation
    8476
    Join Date
    Mar 2012
    Posts
    49,104
    Blog Entries
    2
    Load Metric
    24418957
    Laughably they spent customer funds to name the Miami Heat arena.

    https://www.ftxarena.com/

    New name coming soon obv

  12. #32

  13. #33
    Platinum garrett's Avatar
    Reputation
    -89
    Join Date
    Mar 2013
    Location
    east coast
    Posts
    3,581
    Load Metric
    24418957

    "Typically" that word, that if NOT the word youre looking to see/read when wanting Confidence

    Typically so typically means, they should have but they didn't. That is not the word you want to see when trying find confidence in anything. That means they typically have to makes excuses for the times, they actually didnt act typically, accordingly. If you catch my drift there

    Typically

  14. #34
    Diamond TheXFactor's Avatar
    Reputation
    1161
    Join Date
    Jun 2012
    Posts
    6,599
    Load Metric
    24418957
    Quote Originally Posted by sonatine View Post
    i forget where this was briefly touched on but the whole 'sbf is worth less than a billion' narrative overlooks the possibility that hes got many, many, _many_ personal obligations and debt and loans and such.

    like he could be deep underwater already by a huge margin.
    Binance is walking away from its deal to rescue Sam Bankman-Fried's collapsed FTX crypto exchange, citing issues 'beyond our ability or control to help'

    https://markets.businessinsider.com/...da-ftt-2022-11

    He's FUCKED!!!

    It appears that everybody is OUT!!!

    The future of crypto is not FTX.


  15. #35
    Owner Dan Druff's Avatar
    Reputation
    8476
    Join Date
    Mar 2012
    Posts
    49,104
    Blog Entries
    2
    Load Metric
    24418957
    Well well well...

    Remember Daniel Friedberg, UB executive and lawyer who was caught on tape helping Russ Hamilton and Greg Pierson cover up their cheating?

    Guess who was the "regulatory officer" at FTX?


    https://coingeek.com/tether-links-to...e-for-concern/

    It always goes back to poker, doesn't it?

    Everything old is new again.

  16. #36
    Platinum garrett's Avatar
    Reputation
    -89
    Join Date
    Mar 2013
    Location
    east coast
    Posts
    3,581
    Load Metric
    24418957
    Quote Originally Posted by Dan Druff View Post
    Well well well...

    Remember Daniel Friedberg, UB executive and lawyer who was caught on tape helping Russ Hamilton and Greg Pierson cover up their cheating?

    Guess who was the "regulatory officer" at FTX?


    https://coingeek.com/tether-links-to...e-for-concern/

    It always goes back to poker, doesn't it?

    Everything old is new again.

  17. #37
    Owner Dan Druff's Avatar
    Reputation
    8476
    Join Date
    Mar 2012
    Posts
    49,104
    Blog Entries
    2
    Load Metric
    24418957

     
    Comments
      
      country978:

  18. #38
    Plutonium sonatine's Avatar
    Reputation
    7001
    Join Date
    Mar 2012
    Posts
    31,697
    Load Metric
    24418957
    apparently el salvador's btc was on ftx.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  19. #39

  20. #40
    Bronze
    Reputation
    28
    Join Date
    Oct 2022
    Posts
    99
    Load Metric
    24418957
    Quote Originally Posted by Dan Druff View Post
    Daniel Friedberg? Another win for Kanye West.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Ultimate Bet Scandal Lawyer Daniel Friedberg at Centre of FTX Crypto Crash
    By Matt The Rat in forum Scams, Scandals, and Shadiness
    Replies: 4
    Last Post: 11-15-2022, 06:14 AM
  2. Declaring My Economics Major - (BA or BS?)
    By Neverheeb in forum Flying Stupidity
    Replies: 14
    Last Post: 10-20-2019, 10:24 PM
  3. Will Tiger win another major ?
    By Tyde in forum Flying Stupidity
    Replies: 64
    Last Post: 04-16-2019, 07:53 AM
  4. Major glitch in Madden 17
    By ftpjesus in forum Flying Stupidity
    Replies: 5
    Last Post: 08-27-2016, 10:14 PM
  5. Replies: 17
    Last Post: 11-30-2014, 02:33 PM