Page 9 of 14 FirstFirst ... 5678910111213 ... LastLast
Results 161 to 180 of 261

Thread: Major crypto exchange FTX is about to collapse

  1. #161
    Silver
    Reputation
    127
    Join Date
    Dec 2019
    Posts
    600
    Load Metric
    23936140


    Start at 27min for insights from a pretty clever kangaroo

  2. #162

  3. #163
    Owner Dan Druff's Avatar
    Reputation
    8448
    Join Date
    Mar 2012
    Posts
    49,001
    Blog Entries
    2
    Load Metric
    23936140
    The problem with all of these figures he's vomiting out:

    1) No way to verify if any of this is true, partially true, or completely made up

    2) He isn't addressing the most important part of these allegations -- whether or not he stole $10 billion out of FTX, and whether he installed a backdoor in the software so he could do it without detection


    Until he addresses #2, nothing else he says matters.

  4. #164
    Owner Dan Druff's Avatar
    Reputation
    8448
    Join Date
    Mar 2012
    Posts
    49,001
    Blog Entries
    2
    Load Metric
    23936140
    Remember DogIsHead / Haseeb Qureshi?

    Remember all the lies he told, all the multi-accounting he did, and how he was always embroiled in one scandal or another?

    Well, guess who was involved with SBF and Caroline back in December?

    Name:  qureshi-caroline.jpg
Views: 146
Size:  51.3 KB



    Not surprising that past shady poker people -- who got away with what they did at the time -- are connected to this crew.

     
    Comments
      
      BCR: SBF was a prodigy like the Portuguese Poker Prodigy

  5. #165
    Bronze
    Reputation
    24
    Join Date
    Oct 2022
    Posts
    91
    Load Metric
    23936140
    Quote Originally Posted by Dan Druff View Post
    Remember DogIsHead / Haseeb Qureshi?

    Remember all the lies he told, all the multi-accounting he did, and how he was always embroiled in one scandal or another?

    Well, guess who was involved with SBF and Caroline back in December?

    Name:  qureshi-caroline.jpg
Views: 146
Size:  51.3 KB



    Not surprising that past shady poker people -- who got away with what they did at the time -- are connected to this crew.
    Cate Hall works at a firm that was getting $$$ from FTX/SBF. I noticed they removed any mention of FTX/SBF from their website. It was on there a few days ago.

  6. #166
    Gold Salty_Aus's Avatar
    Reputation
    283
    Join Date
    Mar 2012
    Location
    Gold Coast, QLD, Australia
    Posts
    1,684
    Load Metric
    23936140
    Quote Originally Posted by Dan Druff View Post
    The problem with all of these figures he's vomiting out:

    1) No way to verify if any of this is true, partially true, or completely made up

    2) He isn't addressing the most important part of these allegations -- whether or not he stole $10 billion out of FTX, and whether he installed a backdoor in the software so he could do it without detection


    Until he addresses #2, nothing else he says matters.
    He talks about assets like they're real.

    FTT was pulled out of his arse.

    FTX would list crypto assets they put the start-up cash into. List only on FTX with less then 1% in circulation... not hard to manipulate that start-up money into billions with a few million here and there, thinly traded and easy to pump it up. Use this as collateral, along with essentially worthless FTT.

    I think the $10b came from minting more FTT mostly.

  7. #167
    Bronze
    Reputation
    24
    Join Date
    Oct 2022
    Posts
    91
    Load Metric
    23936140
    Does anyone remember when Ultimate Bet was offering high yields for people that kept their deposits on the site? Same exact scam FTX and other sites were doing.

  8. #168
    Bronze
    Reputation
    24
    Join Date
    Oct 2022
    Posts
    91
    Load Metric
    23936140
    Web Archive has the info that Cate Hall's firm deleted.Name:  Screenshot_20221117-015312.png
Views: 152
Size:  225.5 KB
    Name:  Screenshot_20221117-015320.png
Views: 153
Size:  368.9 KB

  9. #169
    Bronze
    Reputation
    24
    Join Date
    Oct 2022
    Posts
    91
    Load Metric
    23936140
    Nov 2008 - Bernie Madoff Ponzi gets exposed. Stock market bottomed March 2009.
    Nov 2022 - SBF Ponzi gets exposed. Wonder if crypto/stocks bottom in March 2023.

  10. #170
    Platinum devidee's Avatar
    Reputation
    916
    Join Date
    Mar 2012
    Posts
    4,008
    Load Metric
    23936140
    Name:  24B36492-1402-404B-9012-B2A2FBBE5656.jpeg
Views: 334
Size:  176.3 KB

  11. #171
    Platinum garrett's Avatar
    Reputation
    -88
    Join Date
    Mar 2013
    Location
    east coast
    Posts
    3,548
    Load Metric
    23936140
    Quote Originally Posted by Small_Banana View Post
    Nov 2008 - Bernie Madoff Ponzi gets exposed. Stock market bottomed March 2009.
    Nov 2022 - SBF Ponzi gets exposed. Wonder if crypto/stocks bottom in March 2023.
    What a crazy year and time for me personally and as far as I know none of this involved anyone I know or am related too so. Only wonder myself now because as some time goes on and peopele revealed there really is a Ft Lauderdale or South Florida and Bahamas tie here which, i know that i get it. Just wouldn't have ever related that before this all now, its a bit odd for me i guess. I wonder about honestly is Anthony Johnson the UFC fighter because also, some UFC fighters in my own view are maybe deep in Crypto too. I wouldn't think they're experts or necessarily the best guided always since, no one knows and this is all still sooo early too in ways. Haseeb Quareshi which also was Girah from Portugal which was Daniel Cates too think or that group but, i really did have head injury in 2020 now so, some of it i dont remember it all specifically now.

    Just them names and that about it all. Haseeb Quareshi (Dogishead) in poker used to be known as really sorta just, turns my stomach. And because already know then this isnt going to a good end place probably, so who has been known to help Poker professionals and crazy so here we are now. Tom/Brady+Gisselle who also are divorced now and moved on apparently just makes some of it all pretty wow seeming, big names Power Couples so

  12. #172

  13. #173
    Platinum devidee's Avatar
    Reputation
    916
    Join Date
    Mar 2012
    Posts
    4,008
    Load Metric
    23936140
    Quote Originally Posted by devidee View Post
    Name:  24B36492-1402-404B-9012-B2A2FBBE5656.jpeg
Views: 334
Size:  176.3 KB

    What could these four possibly have in common?


    What…could…it…be….

     
    Comments
      
      splitthis: Rofl

  14. #174
    Gold Forum Wars's Avatar
    Reputation
    871
    Join Date
    Dec 2012
    Posts
    1,380
    Load Metric
    23936140
    Quote Originally Posted by Salty_Aus View Post
    Quote Originally Posted by Dan Druff View Post
    The problem with all of these figures he's vomiting out:

    1) No way to verify if any of this is true, partially true, or completely made up

    2) He isn't addressing the most important part of these allegations -- whether or not he stole $10 billion out of FTX, and whether he installed a backdoor in the software so he could do it without detection


    Until he addresses #2, nothing else he says matters.
    He talks about assets like they're real.

    FTT was pulled out of his arse.

    FTX would list crypto assets they put the start-up cash into. List only on FTX with less then 1% in circulation... not hard to manipulate that start-up money into billions with a few million here and there, thinly traded and easy to pump it up. Use this as collateral, along with essentially worthless FTT.

    I think the $10b came from minting more FTT mostly.


    Like Druff said, the biggest question is whether of not SBF stole. But JFC, at least half of the "value" of SBF/Alomeda/FTX was in a token they magically created out of thin air? That is the real downfall here - the big issue that cratered the company(s). This would not have been something a Buffett-type would even TRY to do. So, yeah, Crypto, LOL.

  15. #175
    Bronze
    Reputation
    24
    Join Date
    Oct 2022
    Posts
    91
    Load Metric
    23936140
    Quote Originally Posted by devidee View Post
    Quote Originally Posted by devidee View Post
    Name:  24B36492-1402-404B-9012-B2A2FBBE5656.jpeg
Views: 334
Size:  176.3 KB

    What could these four possibly have in common?


    What…could…it…be….
    I think Kanye West knows the answer.

     
    Comments
      
      devidee: He MUST be crazy!!!
      
      splitthis: Ye must be crazy

  16. #176
    Bronze 1dollarboxcar's Avatar
    Reputation
    262
    Join Date
    May 2022
    Posts
    282
    Load Metric
    23936140
    sounds like a class action lawsuit is brewing ( obviously ) but sounds like Tom Brady, Steph Curry and Marc Cuban will be co-defendants......

  17. #177
    Owner Dan Druff's Avatar
    Reputation
    8448
    Join Date
    Mar 2012
    Posts
    49,001
    Blog Entries
    2
    Load Metric
    23936140
    New :anditsgone





    Now this old one is :anditsgone2


  18. #178
    Platinum
    Reputation
    345
    Join Date
    Mar 2012
    Posts
    3,966
    Load Metric
    23936140
    Quote Originally Posted by Salty_Aus View Post
    Quote Originally Posted by Dan Druff View Post
    The problem with all of these figures he's vomiting out:

    1) No way to verify if any of this is true, partially true, or completely made up

    2) He isn't addressing the most important part of these allegations -- whether or not he stole $10 billion out of FTX, and whether he installed a backdoor in the software so he could do it without detection


    Until he addresses #2, nothing else he says matters.
    He talks about assets like they're real.

    FTT was pulled out of his arse.

    FTX would list crypto assets they put the start-up cash into. List only on FTX with less then 1% in circulation... not hard to manipulate that start-up money into billions with a few million here and there, thinly traded and easy to pump it up. Use this as collateral, along with essentially worthless FTT.

    I think the $10b came from minting more FTT mostly.
    It all came from FTT.

  19. #179
    Platinum
    Reputation
    345
    Join Date
    Mar 2012
    Posts
    3,966
    Load Metric
    23936140
    Quote Originally Posted by 1dollarboxcar View Post
    sounds like a class action lawsuit is brewing ( obviously ) but sounds like Tom Brady, Steph Curry and Marc Cuban will be co-defendants......
    They got a whole lot more to worry about outside of lawsuits pal. This dude is going to jail for a very long time.

  20. #180
    Platinum
    Reputation
    345
    Join Date
    Mar 2012
    Posts
    3,966
    Load Metric
    23936140

     
    Comments
      
      Sanlmar: Thank goodness FTX was an isolated CEX incident

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