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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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52467611 No.52467611 [Reply] [Original]

The FTX catastrophe happened too fast and I failed to grasp what was going on. Can anybody kindly explain to me from the beginning till the end?

>> No.52467677
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52467677

The beginning? Chainlink.
The ending? Chainlink.

>> No.52467707

>>52467677
Hahhaha nice one bro, gottem

>> No.52467761
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52467761

>>52467707
You're welcome.

>> No.52467786
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52467786

>>52467611
This jew took your money and gave it

>> No.52467802
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52467802

>>52467786
To this old man, who then gave taxpayer dollars

>> No.52467823
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52467823

>>52467802
To this jew who then gave some to the original Jew. Everybody wins!

>> No.52467850
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52467850

>>52467823
Oh, except (You). Lol (You) must be retarded!

>> No.52467926

>>52467786
>>52467802
>>52467823
>>52467850
This is russian disinfo

>> No.52468121
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52468121

>>52467611
Jew took everyone money and blew it. Coins and ecosystems he fraudulently propped up like SOL, FTT, FTM, NEAR, OXY all going to zero. Coins without Sam contagion and real ecosystems will thrive.
>AVAX

>> No.52468197

>>52467611
People invested money with a guy named Bankman-Fried and then we’re surprised to learn they’d been swindled

>> No.52468263

>>52467611
CZ called that ftx was insolvent
Liq points for collapse acquired
Retail and CZ started shorting ftx Solana and serum
Sam held for a while but collapsed
Ftx went insolvent, turned off withdrawals
Binance tried to buy them out then nope out
Sam acted like everything was cool with ftxus
It wasn't, he put malware on the app and website then turned off withdrawals and filed bankruptcy
Anons lost money in their bank account
He paid a few news companies to blame Russia for the hack then fled to presumably Dubai to avoid arrests
He also tried to attack tether at some point during this

>> No.52468288

>>52467611
fractional reserve on blockchains no good

>> No.52469882

>>52468263
Thanks

>> No.52470235

>>52467611
Long game laundering scam to benefit democrat party

>> No.52470308

>>52467611
npcs thought it’s the jews was a meme

>> No.52470360

>>52467611
https://twitter.com/ultraxbt/status/1591644453542170625?s=61&t=9hHg-U1VsFvk5iX_6pItOg

>> No.52470449

Amphetamine addicted scammers starts lying and telling everyone that they made billions on some trade that didn't exist. Starts up a shitcoin casino offering highly leveraged bets on the most dogshit of dogshit POS cryptocurrencies.

Says he wants to donate billions to "EA" causes (e.g. dem politicians, paying to genocide wild animals because they are suffering, paying drug addicts to get sterilized).

Shits all over bitcoin to pump his shitcoin bags and play into the media hate for Bitcoin. Shitcoin casino offers 8% yield just to deposit your bitcoins.

Media falls for it and promotes him hard.

Retards rush in handing him billions of dollars, including retarded pension funds.

Scammer gambles their deposits on super shitcoins with huge leverage and loses them all.

Word gets out and the smartest of the retards pull their funds.

Scammer says everything is fine.

Nothing is fine. Withdraws halted for everyone except insiders.

That's where we are-- because of the huge political donations there haven't been any arrests and probably won't ever be any.

Bitcoiners started laughing since they didn't lose anything since they don't touch shitcoin casinos but the drama ultimately kicked Bitcoins price in the nuts, so they stopped laughing.

>> No.52471373

>>52470449
lol, thanks

>> No.52471480

>>52470449
So all these trading firms are borrowing Bitcoin margin… The one that froze lending today Originated 131 billion USD worth of loan in 2021.

If you removed all lending platform and trading demands. What’s the real price of Bitcoin? I had the shower thought of last night that the price would go up. Notice the balance sheet didn’t have any Bitcoin but people who had accounts at FTX and the lending platforms think they own a coin.

The coin is gone. It’s been sold. Will the used but another coin or just leave the crypto market entirely.

>> No.52471762

>>52467926
It's public record, dipshit.

>> No.52471782
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52471782

Normies dont understand the thrill:
https://m.youtube.com/watch?v=1vAqaUwLg7g

>> No.52471816

>>52471782
This pasta was never funny, I don't think I've seen a single person respond to you positively. You keep posting it. Bro...

>> No.52472376

>>52470449
>because of the huge political donations there haven't been any arrests and probably won't ever be any
Blood has to flow though. If nothing happens, SEC will be exposed as toothless cucks where you can literally just buy an immunity license that lets you freely scam away billions of investor dollars with no fear of reprisal, and I seriously doubt that the feds want that outcome.

>> No.52472482
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52472482

>>52467823
>my taxes killing soviets
wtf I love paying taxes now.