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Thread: Major crypto exchange FTX is about to collapse

  1. #41
    Plutonium sonatine's Avatar
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    Quote Originally Posted by sonatine View Post
    apparently el salvador's btc was on ftx.

    this has apparently been proven false. which is nice.
    "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. #42
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    Quote Originally Posted by Sanlmar View Post
    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
    Played golf with a wealth management guy today. You should have heard him crying the blues.

  3. #43

  4. #44
    Owner Dan Druff's Avatar
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    So he's claiming, among other things, that FTX US wasn't impacted and will be okay, but I'm skeptical.

    Supposedly withdrawals are still open. Not sure if they're actually processing them, though. This might be buying time.

    https://www.cnbc.com/2022/11/10/ftxs...few-days-.html

  5. #45
    Owner Dan Druff's Avatar
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    The FTX International website (non-US) has up this message:

    FTX is currently unable to process withdrawals. We strongly advise against depositing. Deposits of TRX, BTT, JST, SUN, and HT are disabled.
    https://ftx.com/intl



    The FTX US site (ftx.us) does not have any such message. So maybe you'll be okay if you are an American with assets in FTX US.

  6. #46
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    Quote Originally Posted by Dan Druff View Post
    The FTX International website (non-US) has up this message:

    FTX is currently unable to process withdrawals. We strongly advise against depositing. Deposits of TRX, BTT, JST, SUN, and HT are disabled.
    https://ftx.com/intl



    The FTX US site (ftx.us) does not have any such message. So maybe you'll be okay if you are an American with assets in FTX US.
    Yesterday morning I withdrew BTC, ETH, SOL, and USD off of FTX.US. It all went thru instantly, well except the USD took a couple hours but it was a wire so that’s normal. I consider myself lucky.

     
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      Dan Druff: good to hear

  7. #47
    Plutonium sonatine's Avatar
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    quick reminder that ftx didnt lose 10bn. they are in the red 10bn. the offloaded 10bn in sundry shitcoins in the process.


    meaning they actually lost 20bn.



    not 10.






    20.
    "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. #48
    Owner Dan Druff's Avatar
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    Hey... my video about Daniel Friedberg made it into the Pokernews article.

    https://www.pokernews.com/news/2022/...oker-42479.htm

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  10. #50
    Plutonium Sanlmar's Avatar
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    Wrong Wang


    The Wang that nobody mentions is the founder and CTO - Gary Wang.

    The man is a ghost.

  11. #51
    Plutonium Sanlmar's Avatar
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    This is a funny interview. This kid was fired from Twitter a month ago.

    Maybe you guys have covered it but it bears repeating. Absolutely non of the employees had any clue what was going on except the inner circle.




    Gonna be lotta hungry devs come winter

  12. #52
    Owner Dan Druff's Avatar
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    Not sure if you're joking, San, so I'll clarify.

    This "Rahul Ligma" is a prankster who first tricked the media walking around with a cardboard box outside Twitter HQ, and now he's doing an encore performance in the "Bahamas" (likely not the real Bahamas).

     
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      Sanlmar: I was had. Lol

  13. #53
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Not sure if you're joking, San, so I'll clarify.

    This "Rahul Ligma" is a prankster who first tricked the media walking around with a cardboard box outside Twitter HQ, and now he's doing an encore performance in the "Bahamas" (likely not the real Bahamas).
    This kid could be a very busy guy next couple months. Good schtick. Will follow.

  14. #54
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    -BlockFi pausing withdrawals
    -WeBull sent out an email saying "everything is fine" in regards to their crypto division

    If anyone has big money on Stake, Roobet, and/or Gamdom I would advise withdrawing. Just a matter of time before one of these No KYC crypto online gambling sites does a rug pull and turns off their servers. Most likely it will be Roobet out of the 3.

    The scams always get revealed during bear markets. Bernie Madoff would still be in business if the 2008 never happened.

  15. #55
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Small_Banana View Post
    -BlockFi pausing withdrawals
    -WeBull sent out an email saying "everything is fine" in regards to their crypto division

    If anyone has big money on Stake, Roobet, and/or Gamdom I would advise withdrawing. Just a matter of time before one of these No KYC crypto online gambling sites does a rug pull and turns off their servers. Most likely it will be Roobet out of the 3.

    The scams always get revealed during bear markets. Bernie Madoff would still be in business if the 2008 never happened.
    and periods of easy money allow scams like crypto to flourish. Bernie was the product of easy money. This has always been so.

    you notice how US law enforcement has been pretty chill about all these collapses - and there have been many recently.

    this isn’t some libertarian free market deal - where foolish investors and fraudulent businessmen both are allowed to fail. Sadly there is another agenda that explains why ecverything is being allowed to blow up

  16. #56
    Diamond TheXFactor's Avatar
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    SBF's net worth went from $22 Billion last year to -$200 million now.

    FTX and Almeda was run by about 10 people who lived in SBF's luxury penthouse in the Bahamas and had sex with each other.



  17. #57
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by TheXFactor View Post
    SBF's net worth went from $22 Billion last year to -$200 million now.
    I am not alone in believing SBF actually has a NEGATIVE net worth.

  18. #58
    Master of Props Daly's Avatar
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    Never has it been more true “not your keys not your cheese”.

    Like buying gold to eliminate counterparty risk…… and then leaving it in custody at a bank.

  19. #59
    Plutonium sonatine's Avatar
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    its important to remember that the contagion is only starting to do its work. innumerable treasuries / exchanges / funds are basically gunshot victims, staring at their wounds and waiting for help that doesnt exist while the adrenaline keeps them standing.

    the smart ones will have parachutes and legal insulation. the dumb ones, bankruptcy and jail.

    and the irs is coming for them all.

    including the retail investors.



    especially the retail investors.



    "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

  20. #60
    Plutonium sonatine's Avatar
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    "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

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