Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here
@Kdenkss MtGox "looked" sketchy and never tried too hard to whitewash itself. Luna too. FTX was the opposite and did full-on compliance virtue signaling (not the same thing as compliance)
The second kind of fraud cuts deeper than the first.
It only gets more crazy when you dig in to each and every one of the companies…
A financial control feedback loop that ultimately ends with the all the money going to Sam Bankman-Fried controlled companies, companies with no owner or financial data, splash-page websites etc.
@SBF_FTX Ugly thread. fooo abhors ugliness
here's wyd
1. Make customers whole
2. instead of saying sorry 7x while making snide remarks about CZ, u explain y what u did was wrong so we know u get it
3. spend next 10 years atoning. none of this effective altruism bs. a real good cause.
Hearing that FTX withdrawals are open.
I have to assume they still can't cover all customer deposits, so it'll be first come first served (or Sam got $8b overnight, who knows).
Anyway, if you have money on FTX I'd move quickly.
Hearing that there’s a new Trojan going around in telegram that can automatically download to your phone through an easy-to-miss automatically on setting.
Don’t get hacked, do the stuff in the below image ASAP for both Cellular and Wifi imo.