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/biz/ - Business & Finance


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50069390 No.50069390 [Reply] [Original]

FTX walks away from potential deal after seeing how fucked their financial position is.

They were also "hard to deal with".

Reddit bagholder salt production jumping 1360% on the news

>> No.50069422

>>50069390
based jews

>> No.50069452

>>50069390
wow

>> No.50069495

>>50069390
article: https://www.theblock.co/post/155069/ftx-walked-away-from-celsius-deal

>> No.50069536

So swap all USDC for DAI ?

>> No.50069548

>>50069390
Holy fuck its over

>> No.50069594
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50069594

>>50069390
Celsius pack hittin good right now

>> No.50069611

>>50069390
When will we see Mashinsky hanged?

>> No.50069712
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50069712

Hard to deal with because they are 52 million LINK in debt and Sam is actively looking to liquidate them.

>> No.50069765
File: 152 KB, 828x1338, CEO of Celsius.jpg [View same] [iqdb] [saucenao] [google]
50069765

>>50069611
#UnbankYourself!

>> No.50069769
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50069769

Well at least I'm only slated to lose 11645 dollars at this point. Would be no biggie except my portfolio is crashing like a fucking meteor

>> No.50069791

>>50069536
Celsius not circle retard

>> No.50069840
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50069840

>>50069791
Thanks anon. My limbic system went into panic mode wasn't able to process

>> No.50071066

>>50069390
What i read:
>we want lower prices and liquidate every trader because we have to pump our solana scam.
>we try to make an agreement to seek liquidity for our shorts
>the next day we declare the deal can't be done and close our shorts.

Now watch the jewlana pump tomorrow

>> No.50071084

>>50069712
then why he won't do it? he ordered robinhood to list link, now all he has to do is to pump link to $10 and watch liquidation cascade and normie fomo

>> No.50071301

>>50071066
This is genius actually

>> No.50071440

>>50071066
frens i have been telling you this for weeks:

FTX and Goldman kike overloads will order Celsius to close all LINK shorts as part of thier equity deal which will trigger a relief rally + a normie FOMO rally.

LINK price $16-20 ealry August just wen steak lit.

anons should plan accordingly.

>> No.50071510

>>50069390
celsius is desperate, mashinsky tried to flee the US. theres no way they were "hard to work with". the truth is that there was no intention to enter a deal, SBF just wanted more intel on liquidating their DeFi position

>> No.50071525

>>50069390
This is the kike version of good cop bad cop...
FTX says Celsius too j=hard to deal with blah blah deal a no go, Goldman group swings in just in time and buys 51% equity forces Celsius to close all shorts; liftoff.

>> No.50071602

I'm a 2017 Link marine (still all in) who's been living the crypto neet lifestyle the last three years. I'm currently low-mid 7 figures USD value (down from $40m at all time high. Never sold like a true delusional Linkie), and had 33% of all my Link on Celsius. After a year of having those funds on Celsius, I gave in to the 4chan and Twitter fud and withdrew everything and then roughly two weeks later withdrawals were halted and this whole shitstorm began. I am so fuckin lucky I got my Link off of there in time, and I will NEVER use any kind of CeFi lending platform ever again.

>> No.50071615

>>50069840
not him but I feel you.

>> No.50071655
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50071655

>>50069390

>> No.50071708

>>50069390
Everyone knows Khater is a cutthroat businesswoman. I guess SBF can't 'deal with' a strong woman.

>> No.50071715

>>50069594
We smokin on dat inCel zaza yaDigg.
Im finna be smokin on a nexo pack next

>> No.50071716
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50071716

>>50071525
the problem is that there might not be enough liquidity in the market for them to cover their shorts. what happens then?

>> No.50071745
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50071745

>>50071440

>> No.50071860

>>50069390
It’s time to put an end to that line of credit — or at least increase the APY above 100%.

>> No.50071899

>>50069390
Whatever happened to the phrase "not your keys, not your coins"? Also, who the fuck thinks 7% APR in USD is actually feasible?

Retards who put their money in that platform, or any platform for that matter, with the pretext of being promised riches instead of leaving it in their wallets as it should be (THE WHOLE REASON OF CRYPTO) deserves to be laughed at and frowned upon. Retarded normalfaggots.

>> No.50071920

>>50069390
Welp, I lost 1000 links.
Fucking bullshit kike motherfucking nigger
At least the price is low so I can buy in again this week.

>> No.50071946

>>50071716
Where does the number of 50mm shorted LINK come from?

>> No.50071945
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50071945

>>50071655
it's true

>> No.50071991

>>50071946
not exactly sure but i think an anon did the math in another thread discussing this

>> No.50072011
File: 512 KB, 680x503, tfw celcius top exec.png [View same] [iqdb] [saucenao] [google]
50072011

>>50069390
the writings were on the walls

>> No.50072029

>>50071946
That graph is showing Link owners moving their Link off exchanges and onto wallets. Hence, the question of how can they buy Link lying around on exchanges without putting the price up on themselves.

>> No.50072028

>>50071602
Holy shit, you're lucky like me. I had only 12000 LINK on Celsius though

>>50071440
How likely is that when the spot LINK is gone?

>> No.50072106

Celsius getting liquidated at $14,000 means we are definitely going there

>> No.50072178

>>50071440
Your clozapine, sir

>> No.50072329
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50072329

>>50071602
I guess /biz gives good advice from time to time. Happy for you Anon.

>> No.50072526

Lol that Celsius pick hitting DIFFERENT rn fuck the ops

>> No.50072687

>>50069712
Kys low iq stinkers link is going to zero just like celsius

>> No.50072705

>>50071440
you forget jews punish other jews when they get involved in usury without the higher ups' approval. There is no punishment in this scenario.

>> No.50072723

>>50072106
Was that $14,000 btc calculated assuming the missing $2 billion existed?

>> No.50073166

>>50072687
t. Nexo gypsy

>> No.50073216
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50073216

>>50072687
>Kys low iq stinkers link is going to zero just like celsius

>> No.50074316

>>50071602
Holy fucking shit even if a fraction of that is true how do you sleep at night. I’m completely destroyed after dropping from a couple mil to 6 figure hell again

>> No.50074451

>>50069390
I'm not really even sure why ftx is trying to stem the contagion so to speak. Most of these firms are awful with stupid leaders. There's nothing that can even be salvaged with them.

>> No.50075216

>>50071708
>strong woman.
why can't she be a smart woman? an amicable and experienced woman?

>> No.50076127
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50076127

>>50069390
Ouch

>> No.50076716
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50076716

>>50076127
SAVE US ALEX

>> No.50076998

I knew these cefi platforms were a scam from the start and rugpull if they got hacked, employee would steal shit or go insolvent so i had to be really careful. Luckily I only had 2 eth left on Celsius and made a lot more in interest to compensate this loss. Celsius going down is going to drag of lot of other platforms under too, so again remove your crypto. Never touching cefi again with a ten foot pole.

>> No.50077006
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50077006

>>50069390

>> No.50077034

>>50074451
Maybe because they are fucked too?

>> No.50077107

Aka Celsius didn't want to let FTX buy then for pennies on the dollar like BlockFi.

>> No.50077108

>>50071602
Were you the guy who gave me 500 link after getting your 1k back?
You saved my butt buddy, I lost it all mostly but ended up with about 10k I didn't have which got me to here, which isn't saying much but I'm alive still if that was you, you did some good shit with your money.

>> No.50077129

>>50069390
Can SamBankman just leave markets alone, this must be why crypto is crashing today

>> No.50077136
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50077136

>>50069390
Lmao, love the Reddit salt

>> No.50077227
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50077227

>>50071602
>having $40M and not cashing out 10 to be secured for life and just letting the rest ride and being happy no matter how things go

>> No.50077430

>>50074316
How on earth did you not sell at a few million? I can understand it because I did the same thing on a smaller scale (only 1k Link) but my reasoning is I’d never sell unless the proceeds were actually life changing. I get that timing is difficult but at a few million with an asset class that is known to lose 90% of its value every few years… fuck. Didn’t you at least cash out a little?

>> No.50078304

>>50071602
So this is your fault?

>> No.50079485
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50079485

sides in orbit