BREAKING: Caroline Ellison plead guilty to seven charges and faces a maximum sentence of 110 years.
Gary Wang plead guilty to four charges and faces up to 50 years.
https://t.co/7NoBgf9pal
@FullyCroisened If you earn 40% yield when your principal is down -94%, the Hexican thinks he’s down only -54%. But that’s because the Hexican is retarded. The Hexican is still down -92%.
21 year olds are making $125,000/month using only no-code.
They are literally printing money out of thin air.
Here are 125 free no-code tools to build your next cash printing machine:
BOTTOM SIGNAL ROLL CALL:
Pre 3AC-blowup, I asked a bunch of cryptocurrency OGs about how to detect market bottoms.
They came up with 14 bottom signals—and at that point, we had only seen 4.
Where are we today?
This is capitulation. It’s the ultimate test of your true conviction in this space. I saw it in 2018 and seeing it again today. Those that stay will be hugely rewarded. Pick a side!
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of https://t.co/FQ3MIG381f.
I once said that Sam Bankman-Fried is like the Jerome Powell of crypto: able to bail companies out like BlockFi. The only difference is he doesn’t have a money printer & may run out of money at some point.
That day has come. FTX int. is out of money. Binance is the last Powell.
Imagine McDonald's makes its own money, let's call them clown-bucks, keeps most of it, and sells some to the market.
McDonald's then uses their remaining clown-bucks as collateral for actual loans.
And then people remember clown-bucks aren't real.
- CZ starves FTX of revenue with 0% trading fees on Binance attracting volume from FTX
- CZ shoots headshot by publicly announcing FTT concerns causing a bank run on FTX and decline in FTT price
- FTX unable to cover holes in balance sheet
- CZ acquires FTX
Thanks for playing.
Don't mean to be the bearer of bad news here, but if it isn't clear already, if you still have funds on FTX, they're gone. You're an unsecured creditor.
The probable outcome is Chapter 11 & a class action lawsuit that draws out for years, where you get $0.10-$0.30 on the dollar.
9/ It's imperative that we decidedly move on from the speculative value phase of crypto to the utility value phase, and that's got to be anchored in radically more open and transparent practices.