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Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor

 
FeedYourHead

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11/11/2022 10:23 AM

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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor



Probably means everyone's money is going to be seized so they can reorganize.

Straight from their own website:

FTX is currently unable to process withdrawals. We strongly advise against depositing.

[link to ftx.com (secure)]
 Quoting: Fair Acres


Crypto MELTDOWN in full on mode across the market;

[link to finance.yahoo.com (secure)]

Last Edited by FeedYourHead on 11/11/2022 10:24 AM
Ask Alice when she's 10ft tall

This is a battle for the future of civilization. If free speech is lost even in America, tyranny is all that lies ahead. Elon Musk
Slipknotz

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11/11/2022 10:23 AM

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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
Hahaha a real life wolf of wall street affair...lol
Anonymous Coward
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11/11/2022 10:24 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
someone was trying to sell their FTX account

with Balance 1.5 million

for 50k

LOLOLOLOLOLOLOL

its zero now
 Quoting: Anonymous Coward 82667312


HAHAHA LMAO Source?
Anonymous Coward
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11/11/2022 10:24 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
Anonymous Coward
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11/11/2022 10:27 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
Sam Bankman-Fried


Man with a name like that I figured this was a slam dunk.

I haven't felt this upset since I hired Dewey Chetum and Howe as divorce lawyers.
 Quoting: Anonymous Coward 78951050


I used to use DC&H, but recently moved over to Sue, Grabbitt and Runne.

drevil
The Årtist

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11/11/2022 10:28 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it.

Crypto-tards really should take a pause and look at it critically, it's failed on many levels.

I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will.

But even that is a priviledge reserved for the US, other governments that try it destroy their economies.

Be grateful for what we have my fellow GLPer's, most alternatives are much worse.
 Quoting: Dr. Daniel Jackson, SG1 81523772


Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat.

This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc.

To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out.

But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more.
RAGE
Anonymous Coward
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11/11/2022 10:30 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it.

Crypto-tards really should take a pause and look at it critically, it's failed on many levels.

I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will.

But even that is a priviledge reserved for the US, other governments that try it destroy their economies.

Be grateful for what we have my fellow GLPer's, most alternatives are much worse.
 Quoting: Dr. Daniel Jackson, SG1 81523772


Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat.

This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc.

To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out.

But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more.
 Quoting: The Årtist


Well said, Sir!

Eventually, EVERYONE will own some BTC, at the price they deserve.
Anonymous Coward
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11/11/2022 10:32 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
Erik Voorhees effect
moneystealingscheme
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11/11/2022 10:33 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
All that 'coin' wasted on demoplatform

You paid for it
Anonymous Coward
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11/11/2022 10:33 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it.

Crypto-tards really should take a pause and look at it critically, it's failed on many levels.

I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will.

But even that is a priviledge reserved for the US, other governments that try it destroy their economies.

Be grateful for what we have my fellow GLPer's, most alternatives are much worse.
 Quoting: Dr. Daniel Jackson, SG1 81523772


Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat.

This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc.

To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out.

But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more.
 Quoting: The Årtist



Well it seems to me, the door is wide open! In the next few weeks it will be even more open, as BTC drops below 10k
Anonymous Coward
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11/11/2022 10:34 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor



Probably means everyone's money is going to be seized so they can reorganize.

Straight from their own website:

FTX is currently unable to process withdrawals. We strongly advise against depositing.

[link to ftx.com (secure)]


and for more conspiracy....

[imgur] [link to imgur.com (secure)]
 Quoting: Fair Acres


MONEY LAUNDERING, BY THE CABAL RUNNING DC THAT JUST BOUGHT GLP.
Anonymous Coward
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11/11/2022 10:36 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
TheDarkMan

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11/11/2022 10:37 AM

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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
How is he not in jail!?
 Quoting: Truth Seeker!


Corporate veil.
Our founding fathers warned us.
Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off.
What am I thinking?
How do I feel?
What am I doing?
Anonymous Coward
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11/11/2022 10:38 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
How is he not in jail!?
 Quoting: Truth Seeker!


Corporate veil.
Our founding fathers warned us.
Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off.
 Quoting: TheDarkMan


Well the CEO was a huge DNC donor, so there's that.
Anonymous Coward
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11/11/2022 10:44 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
The mysterious Mr. Bankman-Fried, Biden megadonor and purported billionaire, looks like yet another Deep State frontman and operative, in the mold of Elon "Boy Genius" Musk.

Jus' sayin'
themessengernevermatt​ers

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11/11/2022 10:56 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it.

Crypto-tards really should take a pause and look at it critically, it's failed on many levels.

I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will.

But even that is a priviledge reserved for the US, other governments that try it destroy their economies.

Be grateful for what we have my fellow GLPer's, most alternatives are much worse.
 Quoting: Dr. Daniel Jackson, SG1 81523772


Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat.

This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc.

To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out.

But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more.
 Quoting: The Årtist


The problem with crypto is it is not stable and it's not really backed by anything. The price fluctuates to much and there is no government backing the fictional currency.

You are right that it isn't going away and it will be the future. It will be the future of your enslavement and tracking and tracing every private transaction down to the fraction of a cent. The deepstate has been openly salivating over that thought since the 2000s.

This is all beta testing for the digital dollar and that will be stable and backed by the government. At that point it will be the only crypto the banks and corporations will trust and accept.

You dingbat nerds are programming the bars of your digital prison, while you think you are rebels fighting the system. It is the ultimate trap. Like the false righteous that boldy walk into hell, because they think they are there to save the sinners.

Last Edited by themessengernevermatters on 11/11/2022 11:03 AM
“The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.”

Elena Gorokhova, A Mountain of Crumbs
Anonymous Coward
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11/11/2022 11:02 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
He totally used his crypto scam to to help the crooked scamming Dems.

How appropriate.

By the way, it's not any actually intelligent conservatives pushing the crypto trading casino exchanges online where nobody has any clue what would make this technology work as basically nobody grasps the most basic concept of how scaling on chain is the foundation for any of this to ever work.

You all look very stupid.

Especially those with big name supporters.
Anonymous Coward
User ID: 81357942
Malta
11/11/2022 11:15 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it.

Crypto-tards really should take a pause and look at it critically, it's failed on many levels.

I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will.

But even that is a priviledge reserved for the US, other governments that try it destroy their economies.

Be grateful for what we have my fellow GLPer's, most alternatives are much worse.
 Quoting: Dr. Daniel Jackson, SG1 81523772


Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat.

This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc.

To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out.

But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more.
 Quoting: The Årtist


The problem with crypto is it is not stable and it's not really backed by anything. The price fluctuates to much and there is no government backing the fictional currency.

You are right that it isn't going away and it will be the future. It will be the future of your enslavement and tracking and tracing every private transaction down to the fraction of a cent. The deepstate has been openly salivating over that thought since the 2000s.

This is all beta testing for the digital dollar and that will be stable and backed by the government. At that point it will be the only crypto the banks and corporations will trust and accept.

You dingbat nerds are programming the bars of your digital prison, while you think you are rebels fighting the system. It is the ultimate trap. Like the false righteous that boldy walk into hell, because they think they are there to save the sinners.
 Quoting: themessengernevermatters


Nope. This just shows the ignorance about cryptocurrency. Crypto is the only safeguard of freedom. But I mean truly decentralised crypto.

What you are scared of is CBCDs (Central Bank Digital Currencies). They are a digital evolution of fiat (which, incidentally, hasn't been backed by anything for decades).

The shit storm we are now seeing is because asshats like SBF (who has now also been accused of conspiring with Gary Gensler of the SEC to create a regulated monopoly), are in the pockets of politicians and central banks, and are trying to kill crypto by centralising it by stealth.

Educate yourself. Crypto is the antithesis of CBDCs and people who understand crypto would never leave their balances on centralised exchanges. Use exchanges for buying and selling only, then keep your assets in non-custodial wallets (preferably several, including a hardware wallet or two for your long-term holdings).
Anonymous Coward
User ID: 28424660
Canada
11/11/2022 11:20 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor



Probably means everyone's money is going to be seized so they can reorganize.

Straight from their own website:

FTX is currently unable to process withdrawals. We strongly advise against depositing.

[link to ftx.com (secure)]


and for more conspiracy....

[imgur] [link to imgur.com (secure)]
 Quoting: Fair Acres


most of tech people don't know how to change a tire on a car. what does that tell you? these people are going to be fucked going forward.
themessengernevermatt​ers

User ID: 80117407
United States
11/11/2022 11:21 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
For something (crypto) that's supposed to be sooo wonderful, sure seems like a lot of bad shit happens to it.

Crypto-tards really should take a pause and look at it critically, it's failed on many levels.

I'm not a gold-tard or anything else. The system we have is actually pretty good, except for the fact the government can print at will.

But even that is a priviledge reserved for the US, other governments that try it destroy their economies.

Be grateful for what we have my fellow GLPer's, most alternatives are much worse.
 Quoting: Dr. Daniel Jackson, SG1 81523772


Crypto is fine. It's not the tokens, it's the exchanges. FTX was using a self created token as collateral to secure loans to invest on margin. Their token had to stay a certain price to keep everything afloat.

This really isn't any different than sub prime lending, Enron, Lehman Brothers, Bernie Madoff etc.

To be honest it's just growing pains. Yeah it might suck for many people, but crypto isn't going anywhere and it will be the foundation of whatever the next iteration of the economy is. Like we left the gold standard and went on the oil standard, now we'll be going to crypto. It'll take several more years for everything to settle out.

But I will say this, right now in crypto it's probably the best place to make generational wealth... but that door is closing. You recommend playing it safe, but playing it safe has made zero wealthy people. And by wealthy I mean millions or more.
 Quoting: The Årtist


The problem with crypto is it is not stable and it's not really backed by anything. The price fluctuates to much and there is no government backing the fictional currency.

You are right that it isn't going away and it will be the future. It will be the future of your enslavement and tracking and tracing every private transaction down to the fraction of a cent. The deepstate has been openly salivating over that thought since the 2000s.

This is all beta testing for the digital dollar and that will be stable and backed by the government. At that point it will be the only crypto the banks and corporations will trust and accept.

You dingbat nerds are programming the bars of your digital prison, while you think you are rebels fighting the system. It is the ultimate trap. Like the false righteous that boldy walk into hell, because they think they are there to save the sinners.
 Quoting: themessengernevermatters


Nope. This just shows the ignorance about cryptocurrency. Crypto is the only safeguard of freedom. But I mean truly decentralised crypto.

What you are scared of is CBCDs (Central Bank Digital Currencies). They are a digital evolution of fiat (which, incidentally, hasn't been backed by anything for decades).

The shit storm we are now seeing is because asshats like SBF (who has now also been accused of conspiring with Gary Gensler of the SEC to create a regulated monopoly), are in the pockets of politicians and central banks, and are trying to kill crypto by centralising it by stealth.

Educate yourself. Crypto is the antithesis of CBDCs and people who understand crypto would never leave their balances on centralised exchanges. Use exchanges for buying and selling only, then keep your assets in non-custodial wallets (preferably several, including a hardware wallet or two for your long-term holdings).
 Quoting: Anonymous Coward 81357942


No that shows your ignorance and naivety about how the world runs and who controls it all. But, go ahead trade bits of unique identifiable code in a blockchain that contains all the data needed to track the flow of the individual bits and think you are somehow free of tracking and tracing.

They talked about tracking and tracing every transaction back in 2000. Even every private transaction. People then thought it would never happen because they don't have the tech. They are now developing the tech. The only thing they really hate is hard currencies; cash and metal, because those can be transferred privately without their knowledge.

But, go ahead, walk boldly into hell, you will figure it out when the gates shut behind you.

Last Edited by themessengernevermatters on 11/11/2022 11:23 AM
“The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.”

Elena Gorokhova, A Mountain of Crumbs
Anonymous Coward
User ID: 28424660
Canada
11/11/2022 11:21 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor



Probably means everyone's money is going to be seized so they can reorganize.

Straight from their own website:

FTX is currently unable to process withdrawals. We strongly advise against depositing.

[link to ftx.com (secure)]


and for more conspiracy....

[imgur] [link to imgur.com (secure)]
 Quoting: Fair Acres


most of tech people don't know how to change a tire on a car. what does that tell you? these people are going to be fucked going forward.
 Quoting: Anonymous Coward 28424660


they just blab about some compliance and other shit, in reality they have no fucking clue how world works
Abe Froman

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Romania
11/11/2022 11:22 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
What it breaks down to is all these scammers in crypto are either Asians or autistic villains.

If you see a billionaire always wearing a oversized dirty looking t shirt, don't trust him.
Crap
Anonymous Coward
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11/11/2022 11:22 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
Crypto is dead. It’s a Ponzi scheme filled with shameless grifters and thieves.
Why anyone would trust random strangers with no accountability to be custodians of their life savings is beyond comprehension.
Our financial institutions have evolved over tens of thousands of years of civilization and developed necessary protocols to withstand the problems that seemingly blindside the crypto community again and again.
Anonymous Coward
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Uruguay
11/11/2022 11:26 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
someone was trying to sell their FTX account

with Balance 1.5 million

for 50k

LOLOLOLOLOLOLOL

its zero now
 Quoting: Anonymous Coward 82667312


You think thats funny? People getting robbed of their money? Youre a dumb monkey.
Anonymous Coward
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Italy
11/11/2022 11:27 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
This is why we keep our crypto on a private ledger.
 Quoting: Lady Jane Smith


I use a Ledger, too.

Got my BTC and ETH out of Coinbase years ago.

You never know when an exchange will simply cease trading, and disappear.
 Quoting: Anonymous Coward 83624040


First rule of crypto.

Even I know that, and I've only done a few transactions.
Anonymous Coward
User ID: 28424660
Canada
11/11/2022 11:27 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
Crypto is dead. It’s a Ponzi scheme filled with shameless grifters and thieves.
Why anyone would trust random strangers with no accountability to be custodians of their life savings is beyond comprehension.
Our financial institutions have evolved over tens of thousands of years of civilization and developed necessary protocols to withstand the problems that seemingly blindside the crypto community again and again.
 Quoting: Anonymous Coward 82666878


got an email from my local exchange, some stupid shit again how they raised money, who the fuck gives these idiots money in seed rounds. there is no product here just idiots scumbags
Anonymous Coward
User ID: 80298157
United States
11/11/2022 11:40 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
This is why we keep our crypto on a private ledger.
 Quoting: Lady Jane Smith


But how do you get out of a position quickly or want to liquidate your crypto holdings in an emergency?
In a worst-case scenario each second counts, but if you hold your crypto on a private ledger you need to first send your crypto to an exchange in order to process your order.
Isn't that a huge disadvantage not being able to sell your crypto as fast as possible in certain situations?
 Quoting: Tekunda


Are you talking about trying to sell in a crypto crash/pump? Generally I think people that use private ledgers are holding the crypto for long term increases, not trying to catch pumps.

That being said, if you are looking to catch crashes/pumps then keep your trading crypto on the exchange with limit orders placed, but only do that for what you're actively trading, then put what you're not trying to trade into the private ledger for safe keeping till the next spike in price.

Keep in mind though, the exchanges seem to magically not work when prices are pumping/dumping until the pump/dump is over and you are either back to normal or way down.

Though in worst cases, you can have most crypto moved from the private ledger to the exchange within and hour... some like XRP/XLM will appear in a minute or two.
Anonymous Coward
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11/11/2022 11:42 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
I do think this connection between FTX, the Democrats, and the SEC is quite interesting. Hopefully we actually see the outcomes of all these connections.
Anonymous Coward
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11/11/2022 11:44 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
How is he not in jail!?
 Quoting: Truth Seeker!


Corporate veil.
Our founding fathers warned us.
Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off.
 Quoting: TheDarkMan


Well the CEO was a huge DNC donor, so there's that.
 Quoting: Anonymous Coward 84119115


And maybe all that $$$ that was donated will be clawed back! I wonder if the DNC is worried since FTX was the 2nd biggest, behind Soros, donor to the democratic party. Under bankruptcy laws, the court is allow to re-appropriate monies paid within 90 days, an longer if frivolous, of filing for bankruptcy. I'd laugh my a$$ off if the DNC was forced to return all the money they were given. It would be divine justice.

[link to www.thebankruptcysite.org (secure)]
Anonymous Coward
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11/11/2022 11:46 AM
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Re: Breaking: FTX files for Bankruptcy, founder started FTX 13 days after Biden said he was running and became megadonor
How is he not in jail!?
 Quoting: Truth Seeker!


Corporate veil.
Our founding fathers warned us.
Good luck getting stupid fuck republicans on board with revoking charters - they think these charters have the same rights (they try to ban when democrats shoot up schools) we do. The worst thing that would happen is a fine. If you or me committed fraud at this level, those same republicans would lock us up and throw away the key. This proves that Corporations have more rights than humans. The only conclusion a logical person could reach is that the monarchist traitors with BAR licenses want corporations to rip us off.
 Quoting: TheDarkMan


Well the CEO was a huge DNC donor, so there's that.
 Quoting: Anonymous Coward 84119115


And maybe all that $$$ that was donated will be clawed back! I wonder if the DNC is worried since FTX was the 2nd biggest, behind Soros, donor to the democratic party. Under bankruptcy laws, the court is allow to re-appropriate monies paid within 90 days, an longer if frivolous, of filing for bankruptcy. I'd laugh my a$$ off if the DNC was forced to return all the money they were given. It would be divine justice.

[link to www.thebankruptcysite.org (secure)]
 Quoting: Anonymous Coward 80363680


bump





GLP