The Rug Truth

Seeking the truth about crypto rugpulls recently

[unusual_whales @unusual_whales]

JUST IN:

Blockfi to plan for imminent bankruptcy

[The Rug Truth @TheRugTruth]

🤖⚠️The outflow🚀 is fired up for @cryptocom. Per the nansen dashboard they've outflowed ~130m of crypto including 5000 ETH and 6500 BTC https://t.co/TyBE1M3nVB

[Buy Dogecoin @buydogecoin_]

7,000 $DOGE to a random person that RETWEETS and FOLLOWS 🙏

[The Rug Truth @TheRugTruth]

@SBF_FTX Did SBF have a Deadman switch, waiting to release a key for someone to find?

[The Rug Truth @TheRugTruth]

Sources are saying companies that Alameda (@carolinecapital) invested in were stipulated to custody their treasuries on @FTX_Official as part of their investment terms. Quid pro quo = Quid no mo

[DCinvestor @DCinvestor]

i think the three members of the FTX Board of Advisors should ABSOLUTELY comment publicly and directly to the community:

were you aware of Alameda using FTX funds or FTX being insolvent prior to it being made public knowledge? if so, when?

@KyleSamani @matthuang @Alfred_Lin

[Rugdoc.io @RugDocIO]

Huobi announced $18.1 million in crypto cant be withdrawn on FTX- $13.2m are customer assets.

A $14m unsecured loan will cover the client loss, creating a $32m debt for Huobi

Like I said before: there will be unpredictable fall out from FTX in the following weeks. Derisk now.

[The Rug Truth @TheRugTruth]

@cryptocom @kris pls

[The Rug Truth @TheRugTruth]

🚨⚠️🚨BREAKING: https://t.co/hxCvvyRWoq One of @cryptocom hot wallets is out of gas. Random users are sending it funds to restart withdrawals. Still plenty of funds at https://t.co/TyBE1M3nVB so it's not like they broke yet but the operator is asleep 🤣🤣

[The Rug Truth @TheRugTruth]

The only proof of reserves with #bitcoin is self custodied #bitcoin

[The Rug Truth @TheRugTruth]

Top analytics trackers (defi llama) can't even make sense of these wallets

[Cocoahomology @cocoahomology]

@adamscochran it's the same for everything that CDC touches

you should check out the BTC 'cold wallets', they make even less sense

[K A L E O @CryptoKaleo]

All of this still blows my mind man.

Biggest rug in history and I was completely blind to it.

Still hasn’t set in.

[The Rug Truth @TheRugTruth]

@Bitboy_Crypto Tell us about the rug bitboy

[The Rug Truth @TheRugTruth]

Forgot to check yourself before you wrecked yourself

[Kyle @KyleLDavies]

We understand now that FTX/Alameda hunted our positions but at the end of the day we lost our money (we were the largest $ losers) and that of LP’s/creditors. Today we are not in control of the firm, there is a liquidation process which will run due course for all involved.

2/n

[The Rug Truth @TheRugTruth]

State of the market: Survival of the fittest

[The Rug Truth @TheRugTruth]

@CroLionUK How much you buying now that it's down on the day?

[Bitcoin Archive @BitcoinArchive]

Take your #Bitcoin Off Exchanges!

[The Rug Truth @TheRugTruth]

The rug in a nutshell

[Keyboard Monkey -KBM- @KeyboardMonkey3]

What’s the true value when every narrative fails? When the public and regulators now see crypto as even more of a pariah…synonymous with scams, ponzis, frauds. It’s hard to justify and play mental gymnastics and pretend there is something bullish to look forward to anytime soon

[Keyboard Monkey -KBM- @KeyboardMonkey3]

Crypto now enters the slow bleed of death. Confidence completely gone, no buyers left, no positive catalysts. On the flip side, probably no forced sellers… so the market will be low volatility, but also illiquid. It will sit and stair step lower Over long duration.

[The Rug Truth @TheRugTruth]

@adamscochran I mean the dude even validated the timestamp using https://t.co/uNxLoqEssJ

[The Rug Truth @TheRugTruth]

@adamscochran @adamscochran they do such high quality work though https://t.co/QExbj6r90W

[The Rug Truth @TheRugTruth]

@gate_io From the proof of reserves audit doc

Who's to say @kris didn't have a backdoor into this production database like @SBF_FTX?