FTX Bankruptcy Trade Mints 200% Windfall and Sparks Legal Battle

So where is this "we can pay everybody back" bullshit is coming from? They didn't have much BTC left, that would be the only silver lining beside one good investment, that somehow only generated 60% profit although the company's value went up 4 folds.

Looks like they can only get back like 30-40 cents on the dollar.
 
Pekelo said:
So where is this "we can pay everybody back" bullshit is coming from? They didn't have much BTC left, that would be the only silver lining beside one good investment, that somehow only generated 60% profit although the company's value went up 4 folds.

Looks like they can only get back like 30-40 cents on the dollar.
More...
https://www.coindesk.com/policy/202...horten-timeline-for-ftx-customers-recoveries/


The US treasury has already seized most all of the bitcoin ($25 billion). They don't plan to release it. This is the basis for the entire exercise. To undermine and sabotage bitcoins development. To seize as much bitcoin float as possible.
 
Pricechange said:
https://www.coindesk.com/policy/202...horten-timeline-for-ftx-customers-recoveries/


The US treasury has already seized most all of the bitcoin ($25 billion). They don't plan to release it. This is the basis for the entire exercise. To undermine and sabotage bitcoins development. To seize as much bitcoin float as possible.
More...
I know its a shitty thing to say, but if the government seizes it, and holds it for strategic reasons, it helps bitcoin out. Many around here have been saying for years that governments should be accumulating bitcoin as fast as they can, and even printing money to exchange for more bitcoin. Its a strategic play that will benefit the country.
 
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