Just want to say I told you so. Sam Bankman-Fried was a big fat fraud ...

in DBuzz2 years ago

Just want to say I told you so. Sam Bankman-Fried was a big fat fraud the whole time.



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Whoa, you called the unsolvency of FTX a full year in advance.

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Speculating with users funds in the most dumb thing you can do... Just by its nature, speculating means there's a huge chance of losing.

Hope this Binance bailout(?) succeeds...

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And if Binance has been doing the same, who bails them out?

If that happens, it could mark the doom of cryptocurrency.

Or not really, because a lot of people don't put their money in centralized exchanges, but you get what I mean.

Most Libyans I know in Crypto have a Binance account. So I really hope that doesn't turn out to be true!

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[Eng]Precisely, dear @demotruk, we must take care of that, of people who instead of contributing, destroy by doing fraud, that's why their alerts are very important for everyone. Thanks for that. Successes.|
[Esp]Precisamente estimado @demotruk de eso debemos cuidarnos, de las personas que en lugar de contribuir, destruyen haciendo fraude, por eso sus alertas son muy importantes para todos. Gracias por ello. Éxitos

lol your suspicions turned out to be true, I'm intrigued to know what your thought process was like to reach that conclusion!

it is sad to see that this has happened because it took the profits that btc had obtained last week to the ground

lol your suspicions turned out to be true, I'm intrigued to know what your thought process was like to reach that conclusion!

  1. Alameda research is deeply embedded with Tether, which is also a giant fraud. They are the largest market maker and the largest holder of USDT. That is fact, but my speculation is that Alameda and FTX have probably just been fronts for a continuation of the Tether scam.
  2. He constantly talks bullshit in interviews. If his business was legit, he wouldn't need to bullshit all the time.
  3. An Alameda Research document was leaked which showed the talking points they use to get Wall Street investors to buy into their company. The talking points were financial buzzwords that were blatantly bullshit in the context of crypto trading.

There were just too many red flags to ignore.

Ftx broke a lot of people heart

Isn't it quite early to him out now? Or you are doing so due to how previous CEO's turned out. I really trusted Do Kwon but I feel he is also fraudulent and that he did some shady things to cause ust collapse. I wouldn't be surprised though if FTX CEO is the same

It is already basically confirmed that he was using customer's money to speculate and invest for himself. He is a fraud.