Thread by @BambroughKevin

The #crypto cult has to come to terms with the #cryptocrash

The ecosystem is completely fucked

Confidence is now destroyed as it should be

Regardless of what exchange you are on and how many imaginary dollars you might have in a digital wallet. Just know it’s all bullshit

These crooks have taken in your funds and engaged in swaps with tether and other stable coins. They gave the sealed ‘Comercial paper’ and spent your money on rent, advertising, computers, salaries, and likely hookers and blow.

This is what happens when you piss about with unregulated exchanges run by grifters and excons

I tried to warn people. Hope some people got money out cause I’m certain few will now. They’ll let you buy some bullshit stable coin but you won’t be able to off ramp from ecosystem

For people that are thinking of buying the dip. Think again. Buying into this train wreck may make you feel smarter than the people who bought a year ago at highs. But the reality it’s not smarter. It should be even clearer now that the entire thing is a scam.

It’s gonna be a wipe out and you should trust a single exchange.

Any given Monday they will post some bullshit pdf statement saying they are flush with cash. Two days later they will be shut down and you’ll never see a cent of your money