this is huge for the account
WAGMI frens
Nvm we are all going to die
Bitcoin is dead
Will be selling at 50 cents and potential buyback on good cpi data on the 10th
The largest theft scheme other than madoff has just happened in the cryptocurrency markets and nobody is talking about it. @Gamut you should be reading and tweeting and posting about it. You should be using this to harass me as much as possible
10 BILLION DOLLARS IN USER FUNDS MISSING
THE REMAINING FUNDS WERE "HACKED" LAST NIGHT
Here a former employee learns about the hack in real time.
The higher ups in this company have EXTREME connections to the CCP and to the US.
Its suspected that the lead engineer of FTX does not even exist.
If there is ever a time for real conspiracy, this might actually be it.
There are only a few possibilities
- Inside job, customer deposits stolen. The second largest heist in the history of the world.
- Outside job. Hackers had access for a long period of time and drained funds without anyone noticing?
Reuters has discovered that SBF had a backdoor to edit company financials that DID NOT ALERT auditors or other internal employees.
In ANY CASE, this is either the second largest heist in history.
An external attack from China
An external attack from North Korea
Or an internal destabalization from the US (some three letter agency)
I am not conspirational whatsoever yet with the information we have so far i find these to be the only possibilities
Ftx has been the fishiest thing in the market for a long time. It always was a Chinese op since they spun out of the us
Why do you think cz backed out
A theory that people arent really talking about that i think is likely is that they were just always stealing deposits. People think they lend to alameda and that alemda lost is trying to directionally trade but i feel like it was a scam the entire time. Theres no way you just lose 10 billion when you have extreme information asymmetry
He had some inkling of irresponsible behavior but likely had no idea the hole was 10 BILLION DOLLARS
Yeah your books are cooked, your cap tables a crap table and your bankmans fried
Also the probe from the us government
This is honestly so fucking insane