I love how this stinky bomb backfired, they wanted to destroy Binance from the inside but greed blew up their plan
How funny, US intelligence definitely is out of business
FTX to file for U.S. bankruptcy, CEO resigns
101–110 of 1001 posts
Re: FTX to file for U.S. bankruptcy, CEO resigns
#102Earlier quoted context omitted.
Yeah, just yesterday SBF tweeted: > This was about FTX International. FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow. https://twitter.com/SBF_FTX/status/1590709195892195329
This guy is such a serial liar...I wonder why he doesn't have a lawyer advising him to avoid making statements on a public platform at this point.
Because no one can tell who are real accounts and parody accounts on Twitter right now.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#103I think this tweet reply to the bankruptcy announcement is pretty brilliant, https://mobile.twitter.com/Abrahamweb3eth/status/15910726841... . I made the argument a couple days ago that CZ thought he was playing "4D chess" as the kids like to say these days by publicly and loudly dumping FTT, and he ended up burning the whole thing down.
intentional or unintentional, he didn’t really have a choice: if he had dumped FTT quietly, people would have noticed and it would have had the same outcome. If he didn’t dump it, he’d have been left with a worthless token. As soon as the Alameda balance sheet was leaked, the fate of SBFs empire was sealed, because it was the SBF mythology that supported FTX — hence the “credible” industry players using and recommending FTX. For cz to have been responsible for this, you have to argue that Alameda could have remained credible within the industry after it was revealed to be leveraged to the gills — doesn’t really seem plausible, it was only a matter of time before it was discovered that he was stealing customer deposits. The only variable in the collapse of FTX was the amount of time it took people to realise that SBF had been stealing deposits, whether it happened because of a bank run or something else, it would have happened.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#104Earlier quoted context omitted.
Yeah, just yesterday SBF tweeted: > This was about FTX International. FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow. https://twitter.com/SBF_FTX/status/1590709195892195329
This guy is such a serial liar...I wonder why he doesn't have a lawyer advising him to avoid making statements on a public platform at this point.
It absolutely blows my mind; if this[1] failure of an attempt at a "get out of jail free" disclaimer is something you feel the need to write out so poorly, and in all caps, after your diatribe, maybe - MAYBE - you shouldn't have said a goddamn word.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#105Quoted post unavailable.
Quoted post unavailable.
Do we really need to promote conspiracy theories?
We know what happened. Smart rich kid uses his connections to get loaned $50M and gets wildly rich from arbitrage. I'm not sure why more and more people decided he was worth trusting with even more insane amounts of money, especially when it's just a gang of kids running the company.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#106you cannot make up this shit https://www.reddit.com/r/wallstreetbets/comments/ys4lmo/she_... gold
It's funny. Banks are widely perceived as corrupt; and lo and behold, the alternative systems to replace banking have been dragged by their heels through Banking 101. Edit: Also funny, was the unrelated Matt Damon TV ads about how "Fortune Favors the Brave." Obviously it comes from Caesar, but it was also used in Charles Dickens's Little Dorrit by a character encouraging what later turned out a Ponzi scheme...
Too often banks are perceived as corrupt due to risk management practices, like not giving mortgages to poor people who go on about how their rent is more than their mortgage.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#107Is this the same FTX US that is the #3 donor to political parties? 2/3 (D) 1/3 (R) https://www.opensecrets.org/elections-overview/top-organizat...
Yes. There are whole articles online (by both sides) about how he became a critical Democratic party supporter almost overnight.
According to MarketWatch, he was the second largest donor to the Democrat Party.
Good for him I guess that Dems did well in the election. Though, I would love an independent probe to ensure there's no quid pro quo.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#108Too bad Jonah Hill will be too old once the movie comes out about this whole saga. He would have aced it as SBF.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#109Earlier quoted context omitted.
Yes, it explicitly mentions that FTX US is included: > FTX Trading Ltd. (d.b.a. FTX.com), announced today that it, West Realm Shires Services Inc. (d.b.a. FTX US), Alameda Research Ltd. and approximately 130 additional affiliated companies (together, the "FTX Group"'), have commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware in order to begin an orderly pr…
130 companies? What did they for a living? Collect companies each time a new month began?
Laundering money takes some logistic.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#110This is good for bitcoin
Why?