FTX Collapsed…Here’s Why

RedDuke · Nov 10, 2022

johnarb said:
FTX and Alameda

It does not make sense that one of the most successful crypto exchanges that basically collects fees on the biggest crypto bull market cycle is bankrupt along with its investment arm that has early investor access to many projects that did 10's of thousands of percent returns, i.e. Solana, Avax, Near, Serum etc

So, the story is that they were dumping crypto assets deposited on their exchanges that belong to their customers in a runaway bull market. Why do such a moronic ET move and in the process make a billionaire founder bankrupt in the process?

Why investors such as Blackrock and Sequoia unable to discern a balance sheet with billions of $ in the hole which took Binance team less than 24 hours to discover? At first $3 Billion, then $8 Billion then now $10 Billion?

What makes sense is that the US government has been suppressing the Bitcoin and crypto assets from taking off by dumping cryptos on the market, but they do not have any cryptos so they have Sam and FTX, maybe? and the likes of Blackrock and JP Morgan are investors, why not?

I believe that CZ was able to expose them and crash their operations. A billionaire hero, like Batman, to save cryptos ecosystem

Not all heroes wear a cape

Everyone is saying FTX is done, no one is going to save them, and yet, rumors are circling now that Sam is busy pitching to investors to raise funds

I think FTX will be somehow able to do an impossible feat of finding enough investors

US government will not want to shut down an operations that is their access and control and visibility to offshore cryptos market

Just my 2 satoshis

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Is this serious ???? Alchemy looks more legit …

guest_trader_1 · Nov 10, 2022

johnarb said:
FTX and Alameda

It does not make sense that one of the most successful crypto exchanges that basically collects fees on the biggest crypto bull market cycle is bankrupt along with its investment arm that has early investor access to many projects that did 10's of thousands of percent returns, i.e. Solana, Avax, Near, Serum etc

So, the story is that they were dumping crypto assets deposited on their exchanges that belong to their customers in a runaway bull market. Why do such a moronic ET move and in the process make a billionaire founder bankrupt in the process?

Why investors such as Blackrock and Sequoia unable to discern a balance sheet with billions of $ in the hole which took Binance team less than 24 hours to discover? At first $3 Billion, then $8 Billion then now $10 Billion?

What makes sense is that the US government has been suppressing the Bitcoin and crypto assets from taking off by dumping cryptos on the market, but they do not have any cryptos so they have Sam and FTX, maybe? and the likes of Blackrock and JP Morgan are investors, why not?

I believe that CZ was able to expose them and crash their operations. A billionaire hero, like Batman, to save cryptos ecosystem

Not all heroes wear a cape

Everyone is saying FTX is done, no one is going to save them, and yet, rumors are circling now that Sam is busy pitching to investors to raise funds

I think FTX will be somehow able to do an impossible feat of finding enough investors

US government will not want to shut down an operations that is their access and control and visibility to offshore cryptos market

Just my 2 satoshis

More...

The evil government is behind everything!
Of course.

MKTrader · Nov 10, 2022

angrytrader said:
The evil government is behind everything!
Of course.
More...

If you had a functioning brain and knew any real history, you'd realize that 3rd grade attempt at sarcasm was ironically correct. Go to bed. Angrymom is calling.

MKTrader · Nov 10, 2022

johnarb said:
FTX and Alameda

It does not make sense that one of the most successful crypto exchanges that basically collects fees on the biggest crypto bull market cycle is bankrupt along with its investment arm that has early investor access to many projects that did 10's of thousands of percent returns, i.e. Solana, Avax, Near, Serum etc

So, the story is that they were dumping crypto assets deposited on their exchanges that belong to their customers in a runaway bull market. Why do such a moronic ET move and in the process make a billionaire founder bankrupt in the process?

Why investors such as Blackrock and Sequoia unable to discern a balance sheet with billions of $ in the hole which took Binance team less than 24 hours to discover? At first $3 Billion, then $8 Billion then now $10 Billion?

What makes sense is that the US government has been suppressing the Bitcoin and crypto assets from taking off by dumping cryptos on the market, but they do not have any cryptos so they have Sam and FTX, maybe? and the likes of Blackrock and JP Morgan are investors, why not?

I believe that CZ was able to expose them and crash their operations. A billionaire hero, like Batman, to save cryptos ecosystem

Not all heroes wear a cape

Everyone is saying FTX is done, no one is going to save them, and yet, rumors are circling now that Sam is busy pitching to investors to raise funds

I think FTX will be somehow able to do an impossible feat of finding enough investors

US government will not want to shut down an operations that is their access and control and visibility to offshore cryptos market

Just my 2 satoshis

More...

It's possible. And dang, what a soyboy Sam is!

guest_trader_1 · Nov 11, 2022

MKTrader said:
If you had a functioning brain and knew any real history, you'd realize that 3rd grade attempt at sarcasm was ironically correct. Go to bed. Angrymom is calling.
More...

If you knew a little bit about geography you would realize that I am waking up to start the day.

johnarb · Nov 11, 2022

MKTrader said:
It's possible. And dang, what a soyboy Sam is!
More...

Bitcoin and cryptos are the biggest threat to banksters' control of the financial system

The biggest demand for bitcoin from the hnw and uhnw clients that forced the likes of JP Morgan, Goldman Sachs, Morgan Stanley and Blackrock to give in to their wishes and open up bitcoin as investment choice

Somehow, during this bull market, btc seemed like it was being suppressed whenever it rallied, unlike in 2017 before the bitcoin futures were out and before FTX was in operations

I saw somewhere that JP Morgan pays $1 Billion in fines for suppressing/spoofing the markets for precious metals, without admitting guilt of course, must have blessing from the US G

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FTX Collapsed…Here’s Why

RedDuke

guest_trader_1

MKTrader

MKTrader

guest_trader_1

johnarb