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Thread: Major crypto exchange FTX is about to collapse

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    Start at 27min for insights from a pretty clever kangaroo

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    Owner Dan Druff's Avatar
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    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.

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

     
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      BCR: SBF was a prodigy like the Portuguese Poker Prodigy

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    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: 301
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.

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    Gold Salty_Aus's Avatar
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    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.

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    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.

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    Web Archive has the info that Cate Hall's firm deleted.Name:  Screenshot_20221117-015312.png
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    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.

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    Platinum garrett's Avatar
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    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

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    Platinum devidee's Avatar
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    Quote Originally Posted by devidee View Post
    Name:  24B36492-1402-404B-9012-B2A2FBBE5656.jpeg
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    What could these four possibly have in common?


    What…could…it…be….

     
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      splitthis: Rofl

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    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.

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    Quote Originally Posted by devidee View Post
    Quote Originally Posted by devidee View Post
    Name:  24B36492-1402-404B-9012-B2A2FBBE5656.jpeg
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    What could these four possibly have in common?


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

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

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    Gold 1dollarboxcar's Avatar
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    sounds like a class action lawsuit is brewing ( obviously ) but sounds like Tom Brady, Steph Curry and Marc Cuban will be co-defendants......

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    Owner Dan Druff's Avatar
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    New :anditsgone





    Now this old one is :anditsgone2


  18. #178
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    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
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    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.

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      Sanlmar: Thank goodness FTX was an isolated CEX incident

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