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Posts: 795
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation

BlockFi Prepares for Potential Bankruptcy as Crypto Contagion Spreads

This is what exposure and fragility look like.

 Claims "significant exposure" ro FTX. 

They probably lent cryptocurrency to ftx and now it's gone.

As for people who have assets in those exchanges, I'd suggest they don't pull and proceed normally. Or else there'll be liquidity issues for sure.

Binance is the king of cryptocurrency exchanges. Not only do they not fuck with what isn't theirs, CZ allocates some of his earnings for damage control.

Easily CZ will be the richest person in the world, this lifetime.

Posts: 2377
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation
Hawk said: 
LiYang said: 

Bankrupt crypto exchange FTX is under criminal investigation in The Bahamas


Sounds like an excuse for the Federal Government to start regulating crypto.

 

 Nah. Sam Bankman Fried fucked up big time and lost his users funds.

CZ of Binance could've saved them by buying  the FTX exchange, but he said "Nah, too much baggage"

Cryptocurrency is already regulated.

The SEC recently claimed duristiction on Ethereum, simply because 40% of Ethereum transactions are now done in the states.

Ethereum juuuust changed from proof of work to proof of stake, which means Ethereum is no longer in the hands of miners, but instead those who stake 32 Ethereum.

32 ETH. Not too many people are like me and can do that. This model does make Ethereum centralized and why ?

Because from now on Most Ethereum that is produced will go to big banks or government or wallstreet whales because they are the ones who'll be able to afford setting up thousands of nodes at 32 ETH a pop.

It took 2 days for the SEC to claim Ethereum as territory. Evil manifest.

 

 Apparently FTX was being used as a money laundering scheme with Ukraine. US money to Ukraine then money back to the Democrats via election campaign contributions.

 

 

FEAR! FEAR! FEAR! FEAR! FEAR! FEAR!
Posts: 270
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation

Yeah I saw that Sam is the DNC's 2nd largest donar. 

We'll see if he get's away with mass fraud and theft.

I really never thought it'd be that guy. 😑 Used to think highly of him.

Posts: 2377
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation

Yeah I saw that Sam is the DNC's 2nd largest donar. 

We'll see if he get's away with mass fraud and theft.

I really never thought it'd be that guy. 😑 Used to think highly of him.

 This is why we have a war in Ukraine. Covering up US corruption biolabs and money laundering. Fuck these Democrats and Rhinos

FEAR! FEAR! FEAR! FEAR! FEAR! FEAR!
Posts: 2266
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation

These are some pretty hardcore conclusions to jump too.

 

Posts: 2377
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation

These are some pretty hardcore conclusions to jump too.

 

 You think I just jump to conclusions without basis?

 

 

FEAR! FEAR! FEAR! FEAR! FEAR! FEAR!
Posts: 2266
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation
LiYang said: 

These are some pretty hardcore conclusions to jump too.

 

 You think I just jump to conclusions without basis?

Without basis no, with bias yes. This is unavoidable.

This is very fresh news and a lot of the relevant financial information to make such claims more objective isn't available.

All we can do is use rumor and bias to weave together narratives to fit our world views.

Furthermore, there are many hypothesis for why a war in Ukraine is happening. Several are pretty good explanations with even soft predictive power, but to say any one thing is the absolute cause is difficult given the processes spitting out the data points are themselves ambiguous.

Posts: 2377
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation
LiYang said: 

These are some pretty hardcore conclusions to jump too.

 

 You think I just jump to conclusions without basis?

Without basis no, with bias yes. This is unavoidable.

This is very fresh news and a lot of the relevant financial information to make such claims more objective isn't available.

All we can do is use rumor and bias to weave together narratives to fit our world views.

Furthermore, there are many hypothesis for why a war in Ukraine is happening. Several are pretty good explanations with even soft predictive power, but to say any one thing is the absolute cause is difficult given the processes spitting out the data points are themselves ambiguous.

I fully understand there are many reasons for the war in Ukraine. To clarify, I'm speaking of US involvement. Ukraine is the head of the snake. Where will the US money laundering take place if not Ukraine?

My bias was caused and created from past data, until this data changes, my view is set.

This FTX thing is just one more data point in a long history.

 If you have additional data, please present it, I'm open to change.

FEAR! FEAR! FEAR! FEAR! FEAR! FEAR!
last edit on 11/16/2022 5:42:17 AM
Posts: 427
0 votes RE: Bankrupt crypto exchange FTX is under criminal investigation

Check this.

The SEC man. Just wow, where do you go from here America ? Maybe it'll just go away cause if SBF goes down, so should the head of the SEC.

 

Posts: 2266
1 votes RE: Bankrupt crypto exchange FTX is under criminal investigation

I just want this sex tape to be real.

Sam and Caroline Sex Tape

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