Crypto Crazy

[Laura]

Bottom post of the previous page:

^ A real shocker
Big investigation. Big distraction. Big fees.
What have I missed? Merch sales?

[Pixel8r]

[Pixel8r]

Sam Bankman-Fried and the FTX Ponzi Scheme Summarized in 99 Seconds

[Laura]

The poster I got it from swears it is baby girl Caroline Ellison

[Pixel8r]

[Pixel8r]

[Laura]

Is Tether the largest scam of all?
Very long article. Keypoints:-
1) It dwarfs FTX, & it's never been audited, so no proof that it's a stablecoin @$1 each. It could be a printer to buy bitcoin.
2) Some extremely dodgy people have been involved from the start.

https://www.revolver.news/2022/11/sam-b ... ypto-bcci/

Tether. FTX on Steroids?

[Pixel8r]

Is Tether the largest scam of all?
Very long article. Keypoints:-
1) It dwarfs FTX, & it's never been audited, so no proof that it's a stablecoin @$1 each. It could be a printer to buy bitcoin.
2) Some extremely dodgy people have been involved from the start.

Yes, look at the beginning of this thread. Tether was printed to drive the meteoric rise in BTC, there has never been any proof that there is any backing for the tether printed.

Having lived through many financial scams I have never trusted this crypto explosion. FTX has shown the world how crooked and manipulatable the whole thing is. The general idea is good but the controllers are not going to let a good idea get any traction, they are going to play it as they have all other markets. They will bring it all crashing down when the timing is right for them.

It all reminds me very much of the tech bubble of 2000, just having a domain name and an idea meant you were worth billions.

[Pixel8r]

[Pixel8r]

FTX Collapse | "It May Turn Out to Be the Biggest Single Day Lost of Assets In the History of Money."

[Pixel8r]