FTX collapse was not a liquidity crisis

Discussion in 'Crypto Assets' started by BMK, Nov 19, 2022.


  1. Hahaha. I think you should go through that list and find out how many of those "conspiracy theories" turned out to be true.

    Or are you the kind of person who pretends Hunter's laptop was "Russian disinformation" and Ghislaine Maxwell some how committed sex trafficking offenses without having any clients?
     
    #61     Nov 21, 2022
  2. destriero

    destriero

    Here's the problem with SBF or that gerbil Caroline going to jail... US holders are made whole as FTX.US was regulated. Hypothecating the .com clients into Alameda would be fraud in the US but they have no jurisdiction on the Bahamas corp.

    The good news? There is a group of Kazakh hitters looking for those two.
     
    #62     Nov 21, 2022
    beginner66 and Real Money like this.
  3. newwurldmn

    newwurldmn

    Patrick Boyle (a youtuber with a proper Irish wit) speculates that the hack was really SBF pulling funds for the bahamian authorities.

    He also said that FTX.US was actually about as regulated similar to TurboTax and so there might be little protection for US holders. They weren't regulated like a bank (FDIC) or broker (SPIC) or as an exchange (whatever SRO would support that).
     
    #63     Nov 21, 2022
  4. destriero

    destriero

    Thursday’s announcement by the Securities Commission of the Bahamas (SCB) that on November 12, the SCB “took the action of directing the transfer of all digital assets of FTX Digital Markets Ltd. (FTX DM) to a digital wallet controlled by the Commission, for safekeeping.” FTX’s former CEO/founder Sam Bankman-Fried reportedly organized the transfers at the Bahamian government’s direction.
     
    #64     Nov 21, 2022
  5. M.W.

    M.W.

    Lol, 'gerbil'. Dude you are a walking dictionary. Where do you pick up those words?

     
    #65     Nov 21, 2022
  6. M.W.

    M.W.

    But several US based equity firms invested directly in the HK and Bahamian units if I read correctly.

     
    #66     Nov 21, 2022
  7. easymon1

    easymon1

    deleteme.png
    deleteme2.jpg
     
    Last edited: Nov 22, 2022
    #67     Nov 22, 2022
    engineering likes this.
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    #68     Nov 23, 2022
  9. Nobert

    Nobert

     
    #69     Nov 23, 2022
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    #70     Nov 24, 2022