Crypto scams are dime a dozen.
FTX, Alameda and the 134 entities that it took down with it. Another thread 🧵 on this👇
A prior thread on crypto scams
All the classic FTX fraud & scam signs
Who remembers this ad in Super Bowl
#Bitcoin & chill
Crypto space without Terra Luna, Celsius, 3AC, Voyager, FTX, Alameda and 1000s of other Ponzi’s and scams
Hey @VitalikButerin can you please comment on this shady business
And it’s gone
Have you guys seen these men in Bahamas or Argentina somewhere
Every crypto fund FTX touched
Every company invested in FTX
Sequoia’s reaction vs. Musk’s reaction
on talking to SBF the CEO of FTX
Thanks to all the FTX whistleblowers who came together and helped the crypto community. There will be a dark Netflix movie out of FTX & SBF
Tom Brady’s yet another FTX ad
Expect them to be deleted soon 😂
cc: @ErikVoorhees
Caroline (CEO of Alameda Research) has a tumblr account called "worldoptimization."
Her kink is men who control most major world governments, low risk aversion, responsible for important scientific discoveries
No kidding 😂
FTX had $1.4bn in BTC liabilities (~80k BTC) but didn't own a single #Bitcoin on their balance.
Yet, the BTC they "issued" absorbed buying pressure from real BTC as people trusted them, essentially expanding the M2 supply of BTC. FTX was a crypto central bank.
Essentially what’s needed going forward is #ProofOfReserves from every centralized crypto exchange or a crypto fund. If they don’t show their reserves, just treat them as scammers & fraudsters. There’s no more second chances in crypto.
Sam from FTX made a global impact for good alright… he woke every one in the world to take #ProofOfReserves seriously. If there is any centralized entity with out it, it’s a fraud 🤷♂️
WTH is going on with FTX withdrawals
Warren Buffett & Charlie Munger on crypto currencies in 2018.
Crypto attracts a lot of charlatans trading currencies and starting exchanges… it will end badly
Who knew… they were right 🤷♂️
#ProofOfReserves is a must for centralized entities handling crypto going forward. Even with proof of reserves, there are shady things happening behind the scenes like once you get a snapshot, moving funds to other exchanges for double counting.
#FractionalReserveBanking
There are traders with complex setups like this and yet lost $10 billion 😂
Faking #ProofOfReserve are in trouble stay away from those - @cz_binance
Watch and learn from @CaitlinLong_
She’s a Wall Street veteran and knows exactly what leverage and fractional reserve banking does to crypto
cnbc.com/video/2022/11/…
More crypto exchanges in trouble 🤷♂️
Hong Kong based AAX crypto exchange today suddenly announced the suspension of all operations, including trading, withdrawals, etc - promise that they will try to restart everything in 7-10 days.
How to launder money 🤷♂️
How come all the corrupt scumbags care about the planet & humanity so much that they guard against pandemics, hurricanes to save y’all 😂
SBFs father was expert at tax shelters
Bank run happening in “crypto . com”
Take your funds out if you have some left that platform. Soon they’ll be stopping access to that as well 🤷♂️
Your US taxpayer dollars at work 😂
A hit movie #BigShort2 coming
FTX in a picture 🤷♂️
Follow the money, not the charlatans
SBF approached @chamath for funding and when he asked for a few changes, they responded…
“Go F Yourself”
Sounds like a great company TBH 😂
Sam's penthouse "The Orchid" in the Albany exclusive community is now listed on the market for sale -- $39,500,000
All my reserves are all on paper 😂
Crypto. com is bankrupt, get out now
Sam went to raise funds from UAE 🇦🇪 2 weeks ago when he knew he’s under
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