The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[MrSquished]

What is happening now in crypto may be its 2008 financial crisis. But, things change and evolve. The rules change - regulations will come, just like they did after 2008. People forget and a new generation replaces those that don't. And that new generation will have more safeguards both externally (regulations) and internally (a more skilled dev ecosystem having learned and patched holes via trial-by-fire) to help prevent again what is happening now.

I thought external [read government] regulations were the antithesis of crypto?

 

[Lost_in_the_HTTP]

Heah come da Judges, heah come da Judges .......

Tom Brady, David Ortiz among athletes sued over crypto losses in federal lawsuit filed by investor

The Boston Globe|51 minutes ago
An Oklahoma crypto investor has sued the founder of FTX and its celebrity ambassadors including Tom Brady and David Ortiz, alleging the now-bankrupt digital currency exchange was in effect "a Ponzi scheme" that used deceptive practices including the star endorsements to bilk investors.


...

 

[Lost_in_the_HTTP]

FTX in da House!!!



U.S. News // 3 hours ago
House committee to hold hearings over FTX Group collapse
Nov. 16 (UPI) -- The House Financial Services Committee announced Wednesday it plans to hold hearings in December to investigate the collapse of cryptocurrency exchange FTX Group.

 

[Red Squirrel]

FTX guy is going to be getting a new job at Home Depot in the paint department as a paint mixer.

https://twitter.com/x/status/1592657061560864768

Have not followed the FTX stuff much but it sounds similar to Quadriga CX. In that case, the owner took all the money and ran to India and faked his death. Bastard owes me 20 bucks.

 

[KMFJD]

Heah come da Judges, heah come da Judges .......

Tom Brady, David Ortiz among athletes sued over crypto losses in federal lawsuit filed by investor

The Boston Globe|51 minutes ago
An Oklahoma crypto investor has sued the founder of FTX and its celebrity ambassadors including Tom Brady and David Ortiz, alleging the now-bankrupt digital currency exchange was in effect "a Ponzi scheme" that used deceptive practices including the star endorsements to bilk investors.


...

lol good luck with that, can someone explain how actors being paid to star in a commercial are liable?

also just saw this and yikes, do not want to see

https://twitter.com/x/status/1592935133652619264

 

[JEDI]

lol good luck with that, can someone explain how actors being paid to star in a commercial are liable?

also just saw this and yikes, do not want to see

https://twitter.com/x/status/1592935133652619264

caroline, alemeda's ceo?

 

[BFG10K]

I don't see the usual defenders come to this thread anymore. It's not much fun without people like beginner99 posting here.

They probably popped over the border to Canada with their paper wallets which are worth "meeeeelllions"(tm)

Crypto is stable and resists financial turmoil, yo!

 

[KMFJD]

caroline, alemeda's ceo?
View attachment 71367

yeah that's her

 

[KMFJD]

https://twitter.com/x/status/1592334689335144448

looks like he was trying to delete some tweets...

https://twitter.com/x/status/1592337461971021824

 

[SKORPI0]

 

[sdifox]

Look at that, GameStop outperforms Bitcoin YTD

 

[IronWing]

caroline, alemeda's ceo?
View attachment 71367

Her eyes are completely dead.

 

[Lost_in_the_HTTP]

Controls? Controls? We don' need no steenkin' controls!!!!

Exec who cleaned up Enron calls FTX mess ‘unprecedented’

By KEN SWEET and MICHELLE CHAPMANtoday
NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control.
The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning description of FTX’s operations under its founder Sam Bankman-Fried, from a lack of security controls to business funds being used to buy employees homes and luxuries.

 

[VirtualLarry]

Another good take on things.

 

[Exterous]

Controls? Controls? We don' need no steenkin' controls!!!!

Exec who cleaned up Enron calls FTX mess ‘unprecedented’

By KEN SWEET and MICHELLE CHAPMANtoday
NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control.
The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning description of FTX’s operations under its founder Sam Bankman-Fried, from a lack of security controls to business funds being used to buy employees homes and luxuries.

FTX was just straight up stealing people's money to buy a fancy lifestyles for a few. For someone who said "regulations just make everything worse" he's done the best job so far providing evidence that it's needed

 

[VirtualLarry]

Binance boss CZ calls disgraced FTX founder Bankman-Fried a ‘psychopath’ over tell-all threat (msn.com)

psychopath?

 

[dlerious]

Couple more stories on FTX boss.

Sam Bankman-Fried tries to explain himself

The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.

www.vox.com

Sam Bankman-Fried’s arrest is the culmination of an epic flameout

After quickly amassing political and philanthropic influence, the former billionaire has been arrested for fraud.

www.vox.com

 

[JEDI]

also just saw this and yikes, do not want to see

https://twitter.com/x/status/1592935133652619264

popular belief in the crypto community is that when the sex tape get released, that'll be the bottom of the crypto crash.
then buy buy buy!

 

[igor_kavinski]

sex tape get released

What's so special about that tape? It's not alien sex? Pfffttt....

 

[KMFJD]

crypto bro's taking more l's

 

[AdamK47]

For a guy that's supposedly a genius, he didn't make genius moves post bankruptcy with all of those incriminating tweets. Makes for great entertainment though. It's fun watching crypto bros take themselves further down when you think they are already at their bottom.

 

[Lost_in_the_HTTP]

With the giant glasses ... Human?

 

[VirtualLarry]

‘Everyone’s learning crypto bankruptcy right now.’ The FTX crash is set to be a ‘gold rush’ for lawyers (msn.com)

Money's good for lawyers, apparently.

 

[Mai72]

Why isn't Sam in jail yet?

This crook steals billions and is still free. If I were to walk into a 7-11, steal $20 worth of junk food, get caught. I'd be in prison.

 

[BFG10K]

The Bored Ape NFT Justin Bieber bought for $1.29 million is now worth $69,000

The semi-randomly generated images of apes that make up the Bored Ape Yacht Club (BAYC) remain the most famous collection of non-fungible tokens. At the height of...

www.techspot.com

Still $69,000 too much for a random jpeg anyone can right click -> save as...