Alright, just when you couldn't think this shit could get even more of a bizarre movie/trainwreck....
I can totally believe that it's SBF himself who's hacked the exchange to get his money out and not some mysterious "hackers". Who would know the exchange, where the customer wallets are, what's the password and all the security protocols better than the founder himself? I mean when they want you to trade on those exchanges, they all boast how secure their systems are, how your cryptocurrency holdings are stored offline in cold wallets and etc. and then all of sudden, when shit hits the fan, all of those systems all get hacked? LOL Especially after FTX blocked all the companies that invested into the company from withdrawing their investment holdings citing "liquidity crisis"? LOL All of the customer funds are commingled with its operating funds because they are not audited so all they have to do is just take the money away and scram and then blame on some mysterious "hackers", how convenient. LOL
FTX should sue Binance for fucking it over with the money that he took. It's Binance that needs to pay and actually be looked at by SEC. The reason why SEC has so far hasn't looked at Binance at all is very interesting... And I am curious where did Binance get his money to start an exchange in the first place? Somebody who was just a programmer who worked on some futures trading software shouldn't be able to amass that much money so fast in a such short time to start an exchange.
https://www.kitco.com/news/2022-11-...ustry-recovery-fund-calls-for-regulation.html Yeah creating a recovery fund and regulation to fix shit that he created himself so others won't be able to screw him in the future by doing the same shit as what he did to FTX. LOL This SOB is some piece of work. Well he better be careful because regulations is going to apply to everyone and might come back and bite him in the a$$ too one day.
I dunno. CZ is a cunt for what he did, but he didn't do anything illegal. He just pointed out the f'd up situation of ftx. Only he did it in a way that cost clients a lot of money. Would've happened eventually, sounds like.
No I think of at least 8 charges that he can be brought upon: Unfair Dealing Predatory Pricing Market Manipulation Fraud Willful Sabotage Improper Disposal and Disclosure of Insider Holding Violation of Fiduciary Duties Securities Fraud And I am not even a securities lawyer. LOL So what this Zhao SOB did was far from legal. LOL Like I said, I am just surprised that the authorities are not scrutinizing him, for some very strange reason.
Didn't CZ say at one point that he was going to take months to unwind the FTT position in order to not cause market chaos? It was said after the earlier tweet about selling, so maybe it was in response to some legal advice, but it would be interesting to know how much he sold and how much Binance has left, if any.
So he knew unwinding his holding of FTT position would cause market chaos and he did it anyway?? No there was no legal advice, I believe it was just him being an a$$hole. According to this tweet, he still has this one bag of FTT that he hasn't sold that he is regretting right now. LOL Yeah robbed somebody's entire house clean but left one dollar on the floor and he regrets it. LOL https://www.msn.com/en-us/money/com...x-token/ar-AA145IPM?ocid=finance-verthp-feeds
You insist in making all of this mess binance fault, when the fault is clearly with sbf and girlfirends, until proved otherwise. There will be a case, and if anyone else has to pay, they won't forgive binance. In the Usa binance is already banned. Whilst this group, had high links, family and family friends, with top politicians, at least a sec officer, universities and high net worth individuals. They fucked up. SBF wrote a tweet that says "I fucked up", why should he protect his rival? If anything, this story kind of reinforce Binance and CZ reliability in my view.