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There is a rumour of FTX insolvency
- Thread starter troubled soul
- Start date
No it is not guessing, it has been published by the blockchain stasi companies.
1$ USDT as of now. Not much dropping here.
Most fraud in the legacy systems is being pampered over and here it goes down fast after peak
FTX faces federal probes on handling of client funds as asset shortfall could top $6 billion
https://markets.businessinsider.com...s-asset-liability-shortfall-6-billion-2022-11
Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions
https://www.reuters.com/business/fi...ian-firms-trade-8-billion-despite-2022-11-04/
You mean Binance the company that is banned in US might buy FTX.US? lol
You mean this same Binance that has stories like the below. I would love to see US government approve the sale...lol.
Binance Accused of Helping Iranian Exchange Bypass Sanctions to the Tune of $8Bn
https://247wallst.com/investing/202...-exchange-bypass-sanctions-to-the-tune-of-8b/
@RealDude Beat me to it...lol
Binance Vs FTX is like Russia vs USA. Its mutual assured destruction if they were to throw dirt at each other...lol.
Those Iran allegations would cause me to remove my assets from Binance before problems start.
"Binance is legally banned in the United States. However, there are no restrictions for U.S citizens who live in other states or countries to access Binance’s services on their servers. Binance partnered with a U.S branch called “Binance US.”
This company provided similar trading features and was created because of regulatory issues that prevented it from being accessible to all Americans before these limitations were lifted by the previous president Trump.
In contrast to its illegal parent company, BNBUS’ service remains unrestricted by any law that would tie it up with a particular geographical location or regulate its trading activity.
Binance.US is a licensed money transmitter that operates under the laws of the state of Washington. U.S. citizens can only use Binance.US to trade, but the company is actively working on obtaining the necessary licenses to offer its services to U.S. residents."
Read more below if you want:
https://www.walletwhys.com/using-binance-in-the-united-states/
Those Iran allegations would cause me to remove my assets from Binance before problems start.
"Binance is legally banned in the United States. However, there are no restrictions for U.S citizens who live in other states or countries to access Binance’s services on their servers. Binance partnered with a U.S branch called “Binance US.”
This company provided similar trading features and was created because of regulatory issues that prevented it from being accessible to all Americans before these limitations were lifted by the previous president Trump.
In contrast to its illegal parent company, BNBUS’ service remains unrestricted by any law that would tie it up with a particular geographical location or regulate its trading activity.
Binance.US is a licensed money transmitter that operates under the laws of the state of Washington. U.S. citizens can only use Binance.US to trade, but the company is actively working on obtaining the necessary licenses to offer its services to U.S. residents."
Read more below if you want:
https://www.walletwhys.com/using-binance-in-the-united-states/
Another upbeat note. USDT survived quite a big attack (below chart might look upside down, it's USDT in BUSD so the spike looked bad for USDT for a while). On Binance, just the USDT-BUSD was trading over $35m per minute.
And SBF just started Tweeting:
Basically he didn't communicate very well, but the money's all safe and everything will be OK? Oh and it was all someone else's fault:
And SBF just started Tweeting:
Basically he didn't communicate very well, but the money's all safe and everything will be OK? Oh and it was all someone else's fault:
So FTX needs $4bn to remain solvent? Good luck to FTX
https://www.bloomberg.com/news/arti...faces-8-billion-shortfall-possible-bankruptcy
------ quote end
“I f—ed up,” Bankman-Fried told investors on the call, according to people with knowledge of the conversation. He said he would be “incredibly, unbelievably grateful” if investors could help.
------ quote end
https://www.bloomberg.com/news/arti...faces-8-billion-shortfall-possible-bankruptcy
------ quote end
“I f—ed up,” Bankman-Fried told investors on the call, according to people with knowledge of the conversation. He said he would be “incredibly, unbelievably grateful” if investors could help.
------ quote end
All those heavily ROMOed people find some kind of comfort when the market goes down 
ROMO = Regret Of Missing Out
Which is even worse than FOMO
ROMO = Regret Of Missing Out
Which is even worse than FOMO
Sam Bankman-Fried secretly transferred FTX customer funds to Alameda Research after his trading firm suffered losses in the spring
www.msn.com/en-us/money/companies/sam-bankman-fried-secretly-transferred-ftx-customer-funds-to-alameda-research-after-his-trading-firm-suffered-losses-in-the-spring-report-says/ar-AA13XzpB#image=AA13XSw6|
FTX Tapped Into Customer Accounts to Fund Risky Bets
https://www.wsj.com/articles/ftx-ta...isky-bets-setting-up-its-downfall-11668093732
----- quote start
Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said.
FTX Chief Executive Sam Bankman-Fried said in investor meetings this week that Alameda owes FTX about $10 billion, people familiar with the matter said. FTX extended loans to Alameda using money that customers had deposited on the exchange for trading purposes, a decision that Mr. Bankman-Fried described as a poor judgment call, one of the people said.
---- quote end
Btw FTX headquarters is here in the Bahamas it seems which is bad news
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