Page 5 of 14 FirstFirst 123456789 ... LastLast
Results 81 to 100 of 261

Thread: Major crypto exchange FTX is about to collapse

  1. #81
    Bronze
    Reputation
    24
    Join Date
    Oct 2022
    Posts
    91
    Load Metric
    23934565
    Kimdotcom on twitter said "Want to see how reliable
    @Binance is? Withdraw it all."

  2. #82
    Plutonium sonatine's Avatar
    Reputation
    6996
    Join Date
    Mar 2012
    Posts
    31,676
    Load Metric
    23934565
    ftx suicide tweets are starting to fire off.
    "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

  3. #83
    Plutonium sonatine's Avatar
    Reputation
    6996
    Join Date
    Mar 2012
    Posts
    31,676
    Load Metric
    23934565
    "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. #84
    Diamond Tellafriend's Avatar
    Reputation
    1054
    Join Date
    Mar 2015
    Posts
    5,567
    Load Metric
    23934565
    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by TheXFactor View Post
    I wouldn't view it as a "major fraud".

    Would FTX still declared bankruptcy if Binance didn't publicly dump their token?

    Binance will decide what tokens do well in the future and what tokens need to be burned.


    Binance is gonna have a short ass life. This is not over by a long shot.

    Scarramucci is one of the regular cast of CNBC “content” that comes on to pump whatever it is they are up to.

    he's a pos. when the female asked him a tough question about needing sam to bail him out, you could hear is heart drop. just another grifter.


    and then there is more:

    Glory To Heroes.
    Death to enemies.
    JOHN ELLIS
    NOV 12
    PAID


    10. FTX founder Sam Bankman-Fried invested hundreds of millions of dollars into venture capital funds run by firms such as Sequoia Capital which also backed his struggling FTX crypto exchange, according to documents seen by the Financial Times. The 30-year-old entrepreneur, who has been seeking to raise billions of dollars in emergency financing, has a $200 million investment in two funds run by Sequoia, the US venture capital investor, held through his Alameda Research crypto trading group. Alameda also had smaller investments in funds run by FTX venture capital backers Paradigm, Altimeter Capital Management, Sino Global Capital and Multicoin Capital, the documents show. (Source: ft.com)
    Last edited by Tellafriend; 11-12-2022 at 06:12 AM.
    he tries to fly under the radar with his gay big words - Big Bird

  5. #85
    Platinum BetCheckBet's Avatar
    Reputation
    763
    Join Date
    Mar 2012
    Posts
    3,850
    Load Metric
    23934565
    FTC now "hacked" for hundreds of millions and their app is malware.

    Exchanges were the biggest reason for crypto exploding. Feel like this incident in particular gonna really erode confidence. This may be the end of crypto as we know it. Expect a long cold winter.

  6. #86
    Plutonium sonatine's Avatar
    Reputation
    6996
    Join Date
    Mar 2012
    Posts
    31,676
    Load Metric
    23934565
    the chief regulatory officer of ftx was dan friedberg.

    aka the head council for ... wait for it... ultimate bet.



    https://highstakesdb.com/news/high-s...x-crypto-crash
    "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

  7. #87
    Silver
    Reputation
    127
    Join Date
    Dec 2019
    Posts
    600
    Load Metric
    23934565
    Copy/P from some articles comment section. Not going to verify, too lazy. Hilarious if true.

    April 25, 2019: Biden announces his presidential campaign.

    13 days later, Sam Bankman-Fried, son of Barbara Fried ( Stanford Professor and co-founder of political fundraising organization "Mind-the-Gap), launches #FTX crypto exchange.

    The exchange is magically an overnight success. SBF becomes biggest donor to Biden.

    Election day, FTX implodes completely.

    If you think this scandal is done, it goes even deeper.

    -----
    Gabe Bankman-Fried, brother to Sam (also a former Jane Street trader), is founder of “Guarding Against Pandemics”

    He was a Legislative Correspondent for the US House of Representatives and an advisor to large political donors in the Democrat party.

    The family Aunt Linda Fried is a WEF member on the Global Agenda Council on Aging.

    The father, Joseph Bankman is a Stanford professor who has lobbied on behalf of Hedge Fund managers before Congress before (film records exist).


    FTX' Head of Ventures & Commercial at FTX Ventures Amy Wu, started with the Clinton Foundation years ago.

    Nishad Singh FTX Director of Engineering has spent over 8 million for Dem candidates.

    And finally Obama's Commodity Futures Trading Commissioner, Mark Wetjen was literally the head of FTX Policy & Regulation.


    Reports were the organization wanted to spend over a billion dollars on the Democratic party for 2024.

  8. #88
    Silver
    Reputation
    127
    Join Date
    Dec 2019
    Posts
    600
    Load Metric
    23934565
    Gary Gensler’s old boss at MIT was Glenn Ellison. His daughter Caroline Ellison is the CEO of FTX sister-company Alameda Research.

    The GC of FTX used to be lead counsel to Gensler when he was CFTC Chair.

    Sam Bankman-Fried’s mother was Hilary Clinton’s lawyer


  9. #89
    Owner Dan Druff's Avatar
    Reputation
    8448
    Join Date
    Mar 2012
    Posts
    49,001
    Blog Entries
    2
    Load Metric
    23934565
    Quote Originally Posted by sonatine View Post
    the chief regulatory officer of ftx was dan friedberg.

    aka the head council for ... wait for it... ultimate bet.



    https://highstakesdb.com/news/high-s...x-crypto-crash
    You must have missed this when I posted it 2 days ago:


  10. #90
    Plutonium sonatine's Avatar
    Reputation
    6996
    Join Date
    Mar 2012
    Posts
    31,676
    Load Metric
    23934565
    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by sonatine View Post
    the chief regulatory officer of ftx was dan friedberg.

    aka the head council for ... wait for it... ultimate bet.



    https://highstakesdb.com/news/high-s...x-crypto-crash
    You must have missed this when I posted it 2 days ago:


    half the posts in this thread are things i mentioned 2 days before, so..

     
    Comments
      
      ok25: I don't read your bullshit scared of covid pussy
    "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

  11. #91
    Diamond TheXFactor's Avatar
    Reputation
    1161
    Join Date
    Jun 2012
    Posts
    6,594
    Load Metric
    23934565
    What PokerStars was to online poker.

    Binance is to Cryptocurrency.

    The biggest and the best.

    I'm sure Binance and Coinbase will be in business forever.

    Unless the U.S. government wants that money.


    Last edited by TheXFactor; 11-12-2022 at 08:34 PM.

  12. #92

  13. #93
    Plutonium Sanlmar's Avatar
    Reputation
    3612
    Join Date
    Mar 2013
    Posts
    18,259
    Load Metric
    23934565
    These idiot ads will mark crypto the way the old Pets.com ads marked the dot.com era.


  14. #94
    Plutonium Sanlmar's Avatar
    Reputation
    3612
    Join Date
    Mar 2013
    Posts
    18,259
    Load Metric
    23934565
    Quote Originally Posted by TheXFactor View Post
    What PokerStars was to online poker.

    Binance is to Cryptocurrency.

    The biggest and the best.

    I'm sure Binance and Coinbase will be in business forever.

    Unless the U.S. government wants that money.

    I thought we covered this before. Maybe it was someone else. This isn’t ending with FTX. This is Chernobyl.

    Citadel, Credit Suisse, Sequoia, UBS, Bitrex you can add to the list. Maybe Robinhood - I might be wrong. Everyone was swapping spit. Bad paper & freshly printed stable coins.

    I don’t want to get too dramatic but think credit default swaps and CDO’s getting minted and sold between intuitions back during housing. Many businesses got punched in the balls. It wasn’t just one bank.

    Davidee’s Democratic donations were protection money for SBF cause shit was going south many many months ago. Meantime, the children were using customer funds to Martingale their way back to solvency.

    Think Goldman Sach’s donations in 2008. SBF knew it was very likely he might need friends in high places.

    SBF, Gary Wang and the toddlers are gonna sing. This soap opera is just go on and on. Epic cleansing. Few will be punished. Regulations will be created and everyone will feel better about the experience.

    There is the thought that redemptions Monday from every institution that was wading into crypto are gonna be colossal. I’m not trading that but futures will inform us tomorrow.
    Last edited by Sanlmar; 11-13-2022 at 12:38 AM.

  15. #95
    Platinum
    Reputation
    985
    Join Date
    Jul 2012
    Posts
    4,127
    Load Metric
    23934565
    SBF, Gary Wang, and director of engineering Nishad Singh have been detained by Bahamian authorities while supposedly trying to flee to Dubai.

    If true, did they just assume the U.A.E. doesn't have an extradition treaty with the US or something? Because they would be wrong anyway...one was just signed earlier this year lol.


    https://cointelegraph.com/news/sam-b...-flee-to-dubai

  16. #96
    Platinum garrett's Avatar
    Reputation
    -88
    Join Date
    Mar 2013
    Location
    east coast
    Posts
    3,548
    Load Metric
    23934565
    Quote Originally Posted by Gordman View Post
    SBF, Gary Wang, and director of engineering Nishad Singh have been detained by Bahamian authorities while supposedly trying to flee to Dubai.

    If true, did they just assume the U.A.E. doesn't have an extradition treaty with the US or something? Because they would be wrong anyway...one was just signed earlier this year lol.


    https://cointelegraph.com/news/sam-b...-flee-to-dubai
    Dubai worlds richest and not many can Princes and Sheiks but scammers WTF lol no

    Scammers usually wouldn't think this direction either, a really wealthy or Oil type might and American not usually imo this whole thing seems to be going a certain direction i think now, and where it ends up now, its going to be interesting. Dubai is also a solid level if it was say a Govt total Op job because they know totally, only very few in this entire world actually go to Dubai, its a huge marker, and indicator id think. Whole story seems a bit out of a movie or i been hit in head too hard too many times now, maybe its an Op Job by the Gubmint lol

  17. #97
    Owner Dan Druff's Avatar
    Reputation
    8448
    Join Date
    Mar 2012
    Posts
    49,001
    Blog Entries
    2
    Load Metric
    23934565
    This Caroline chick from Alameda Research is very fascinating.

    But before I get into her stuff, look at this:

    https://twitter.com/#!/x/status/1592001631079497728




    Sorry, I got nothing on this one.

  18. #98
    Owner Dan Druff's Avatar
    Reputation
    8448
    Join Date
    Mar 2012
    Posts
    49,001
    Blog Entries
    2
    Load Metric
    23934565
    So regarding Caroline Ellison. She met SBF while working at the same firm. He convinced her to leave and join him in his ventures. Apparently they had romantic/sexual relations, as well, though both were also into polyamory, soooo....

    The internet has been fascinated with her because she's got all of the looks and mannerisms of the stereotypical female nerd:

    Homely facial features - CHECK (unlike "female nerds" in movies who are just hot chicks with glasses on)
    Big glasses - CHECK
    Nasally voice and awkward mannerisms - CHECK
    Greasy hair and disheveled appearance - CHECK

    Like SBF, both parents hail from the world of academia. She majored in math, which she proudly bragged about "never using" in her crypto trading (lol):

    https://twitter.com/#!/x/status/1591091791071440901



    Apparently the FTX complex in the Bahamas consisted of ten young people, five male and five female, all of whom were intertwined in romantic/sexual relationships. It's not clear if they were all poly, but I know SBF and Caroline were.

    You might think that a polyamorous chick without traditionally feminine mannerisms would be bi, but you'd be wrong. One of her tumblr posts identifies herself as a "straight female", and while she seems to have a fetish for being "physically overpowered" by men, it looks like men were her only sexual interest.

    She was also into "effective altruism", also known as "EA". Here's a fairly accurate definition of EA, from Wikipedia:

    Effective altruism (EA) is a philosophical and social movement that advocates "using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis". People who pursue the goals of effective altruism are labeled effective altruists.

    Common practices of effective altruists include choosing careers based on the amount of good that the career achieves, donating to charities based on maximizing impact, and earning to give. Popular cause priorities within EA include global health and development, animal welfare, and risks to the survival of humanity over the long-term future.

    Some effective altruists also pledge the majority of their income to charity, keeping only what they need to survive.

    The problem, as you might guess, is that EA also attracts scammers. Many fraudsters hide behind claims of effective altruism in order to lure their victims into a sense of trust. That's why effective altruism itself is a noble venture, but at the same time, it's hard to trust anyone who claims to be an effective altruist, unless you know them really well.

    Not surprisingly, fraudsters SBF and Caroline Ellison were also effective altruists.


    Now about that Tumblr.... I'll get to it in my next post.

  19. #99

  20. #100

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