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/biz/ - Business & Finance

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52420399 No.52420399 [Reply] [Original]

There are 2 camps on /biz/ regarding the market manipulation of the last bullrun.

One camp says that is was propped up by FTX while another says that FTX sold fake btc's anyway to it only held back the price.

If FTX actually sold fake BTC or BTC they didn't have to customers and that influenced the price across all charts, isn't that a massive flaw in the protocol?

>> No.52420437

>>52420399
>One camp says that is was propped up by FTX
You can understand why they had to keep it propped up after all the shit that's come out. The fake BTC shit is a bit too schizo for me, but you never know.

>> No.52420455

The main thrust of the bullrun because normies got into it during COVID and since most of them had spare cash due to covid unemployment payouts. Suddenly everyone had the robinhood app and was talking about how to get random coins that are gonna be the next bitcoin.

FTX came into it later and used the insider knowledge about long/short data to liquidate traders and pocket the collateral. They started manipulating the market to such an extent that scamwicks and barting were happening non-stop. But just like any other degen they fucked themselves over along the way

>> No.52420475

let me break it down for you, buddy
>FTX allows users to lend out your own tokens to other users for interest
>Alameda had an abnormally large stake in FTT which they put up as collateral to take out loans that were basically funded by FTX users
>Alameda fucks up and gets margin called, cant repay loan so now theres a hole in the user funds because Alameda lost the funds FTX loaned them

>> No.52420491

He did both you nigger

1. Spoof bids to force btc to a second peak because his bags haven't pumped yet
2. Sell user assets afterward to prop up failing investments.

>> No.52420504
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52420504

>>52420399
rug pull

>> No.52420626
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52420626

>>52420399
>>52420455
SBF and Alameda were sued for the bart price pattern i wish i saved the screenshot i saw the legal documents here last week

>> No.52420787

>>52420399
>If FTX actually sold fake BTC or BTC they didn't have to customers and that influenced the price across all charts, isn't that a massive flaw in the protocol?
what protocol?
centralized exchanges are opaque black boxes
you send your usd wire transfer to ftx, buy btc and they tell you did, but in reality they sent it over alameda to gamble it on food tokens
it's not a protocol problem, it you dumb morons trusting a cex with your funds
same for solana sollet bridge
morons trusted him with their btc
you send BTC to him and he release a soBTC, the problem is that it's a "trust me dude" bridge while he was sending your BTC to alameda

>> No.52420802

>>52420626
wow normies are finally waking up. wait until they realize who john podesta,tony podesta, and james alefantis are.

>> No.52420840

>>52420626

I've only ever seen Q tard sources on this. All it's missing is a little red circle and a caption "DO YOU SEE IT! WAKE UP SHEEPLE!" But yea would anyone be surprised at this point, what has already happened is way more shocking

>> No.52421955

>>52420399
>10 people deposit 20000$ and buy btc for 20k
>FTX takes the 200k and puts a 1 in a database for btc associated with that account
>no actual btc has been bought, just FTX completing the order since their “reserves” meet their standard (24x daily avg withdrawal)
>FTX takes the 200k and loans it to Alameda
>Alameda buys FTT and pumps the price
>Alameda uses the FTT as collateral for more crypto or USDT
>Alameda buys more FTT with the loaned crypto
>repeat