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52398364 No.52398364 [Reply] [Original]

>he actually think crypto.com accidentally send the fund to gate.io and got most of it back
there's some sinister going on here. something ILLEGAL

>> No.52398504

>>52398364
such as?

>> No.52398521
File: 444 KB, 1176x1116, Screenshot 2022-11-13 at 13.56.02.png [View same] [iqdb] [saucenao] [google]
52398521

>>52398504
gate.io is insolvent, and used the ETH borrowed by crypto.com for the auditor snapshot, then sent them back

>> No.52398550

>>52398521
that's fucking hilarious

>> No.52398551

>>52398521
I suspect so as well. They are protecting each other.

>> No.52398565

>>52398551
why though, and they actually sent it back? wtf? and why would crypto.com trust them so much to send them all their money and be fucked themselves if they didn't send it back?

>> No.52398575

>>52398565
Sexual favors

>> No.52398588

>>52398565
because they are both insolvent, they are just bouncing the same ETH back and forth to keep the fractional reserve scam going

>> No.52398608

>>52398588
People need to withdraw all funds from exchanges. See what happens.

>> No.52398620

>>52398364
How much gas did those transfers cost?

>> No.52398704

>>52398521
Oh boy next week is going to be a shit show

>> No.52398713

>>52398504
Exchanges are faking their proof of reserves by borrowing from each other

>> No.52398760

no shit who didnt know this.
no one is going to use the best solution chainlink por because they are all insolvent kek and everyone hates chainlink because "the twitter shills are soo like intense dude* according to boomer vitalik.
no one will demand these fucks be held to account all the time.
everyone will forget and build a new house of cards cap this

>> No.52398761
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52398761

>>52398521

>> No.52398802

>>52398761
why dont gate.io just snapshot everyone at the same time?
do it for the lulzy keks
I cant wait to see all of this burn XD

>> No.52398849

>>52398608
crypto would skyrocket, the exchanges are the ones that keep the prices down

>> No.52399144

>>52398849
no it wouldnt lol crypto is a scam

>> No.52399170

>>52398364
independent audit company
offers service to exchanges
they use their own adress to fake ownership of tokens?

>> No.52399210

>>52399144
they keep cryptos trading sideways and take profits using bots trust me.

>> No.52399250

>>52398849
as if they'd use their own money to buy up more than they owe in withdrawals. by that point they'll just fold shop and run with what's left. exactly like sam just did

>> No.52399273

>>52398521
What a fucking joke
Does crypto ever recover after all these exchanges implode?

>> No.52399580

>>52399273
Anon, exchanges are the reason why tokens like Chainlink and Cardano are being overlooked.
Not only that, paid journos and youtube shillers have lost their entire credibility and are crying on their streams, literally.
It's time for the true good actors in crypto to thrive, we're approaching a golden age. It will be a rocky road ahead though.

>> No.52399977

>>52398364
Ofc, they’re panicking

>> No.52399993

>>52399273
>Does crypto ever recover after all these exchanges implode?
i hope cex and shitcoins all implode
BTC + self-custody is the path to survival

>> No.52400006

Wait if none of these exchanges hold thw reserves they claim, who actually owns all the crypto??

>> No.52400086
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52400086

>>52399210
That's their market making strategy, and it works at times fabulously and at times it doesn't. But by generally having less crypto than held a collateral, they inherently inflate its price not depress it

>> No.52400127

>>52398521
This would be the easiest securities fraud conviction in history if true.
Also they have enough in btc alone to cover client liabilities.

>> No.52400131

>>52400006
The ones who hold the keys to it. Long term bullish

>> No.52400150

>>52400006
who hold the keys, hold the crypto
simple as
if you don't self-custody, you have nothing

>> No.52400151

>>52400086
wut? exchanges can't change the actual price

>> No.52400162

>>52400151
Yes they can. Ever heard of margin? What do you think the point of fractional reserve is

>> No.52400168
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52400168

>gate used the same auditing company that FTX used
thanks for playing

>> No.52400188
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52400188

>>52400006
https://vocaroo.com/1cv3hXwcRPAN

>> No.52400229

>>52399580
Blessed post. It is time to separate the wheat from the chaff, and that is precisely what’s happening here. This is when millionaires are made.

>> No.52400233

>>52400168
gate was definitely sketchy as fuck. I wouldn't be surprised at all if they went down. on the other hand they had sideways trading bots and tons of people using their site making fucking bank with the bots and I'm sure they got a percentage, so probably made a ton of money when the market was extremely bullish a couple years ago.

>>52400162
oh right they borrow money and change the price that way

>> No.52400490

I'm a career dishwasher and I keep my life savings of $25,000 in stable coins on CDC. On a scale of 1 - 10, how screwed am I?

>> No.52400590

>>52398504
They stole it you idiot..

>> No.52400620
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52400620

>>52400590
you think gate hacked them and tried to steal it then sent it back?

>> No.52401741

>>52398364
cronononono

>> No.52401751

>>52400490
At least dishes still need to be washed.