Note: When I talk about building on Solana, I am referring to building on the Solana blockchain in that regard. Basically, the Ecosystem for it. It had one growing for sure:
Kevin O'Leary on FTX
- Thread starter The_Krakenite
- Start date
What do those info mean?
Market cap ranking?
It's Zhao that needs the extra security. He's the one who directly caused FTX's bankruptcy. No matter how you slice it or dice it, FTX was standing and did not fall before Zhao dumped FTT, FTX's native coins. Zhao better watch his back; you never know who invested in FTX. SBF has already fallen; he's got no money now. It's Zhao that's got FTX's customers' money.
Yes, crypto rankings based on market caps over time.
Nah we don't even know where he lives. Here is the FTX/Alameda explanation for you, stop blaming CZ for taking out a competitor and doing us a favor. It is like crying about short sellers when they short a shitty company:
What happened at Alameda Research
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I read that post of what happened during the last few days of FTX/Alameda. Looks to me they just made some bad investments and loans that their own borrowers had defaulted on due to an overall crash of the crypto bubble, mistakes and misfortune that any company would make and have. And according to this employee's account, no user funds were used to invest in those failed venture capital investments or loans or any advertisements or endorsements; they used their own money for that. The only time that they touched customer funds were when they were desperate in repaying those loans to try to stay afloat after what the zhao a$$hole fire-sold their native FTT coin. It was still wrong of them to do so but at least it shows that they didn't intentionally commit fraud or anything like what they were accused of doing.
They were just unwise in their investments, imprudent in their spending, and unlucky with their rival which is actually also supposed to be their peers. And you know what? Their fall is impacting the rest of the crypto industry as more crypto exchange firms are starting to file for bankruptcy so you never know, Binance might be next. Anybody hold any of Binance's stocks or native coins, maybe they should be sold as well. After all, crypto is just a ponzi scheme. Bitcoin itself has depreciated 75% from its peak. Who knows how well Binance is doing? What are Binance's debt-to-asset or debt-to-equity ratios? What ventures have Binance been investing in? The Chinese property market? We should scrutinize Binance too.
Why are you defending SBF and gf so much?
Are they your friends?
Did they use, burn, destroy, steal etc... Any customer funds, at any point, illegaly?
Yes.
Did they declare bankruptcy and messed with a lot of other people money? Yep...
You are the only person blaming Binance for this. Now you are questioning binance balance sheet.
Any evidence or just propaganda?
I don't have any Binance coin, but I bought it at 25$ and sold it a 400$! I respect BNB.
I have some other coins on binance, had them on and off and exchanged for years, after few years of paper wallets offline.
And I am going to keep them on Binance for now.
Because I do not believe CZ is an idiot like SBF and Caroline and the rest of the girlfriends working with them.
Maybe he's not an idiot, but he did manage to get his exchange banned from North America. That SHOULD worry you at least a little...
BitFinex is also banned here in Canada, because we know what's going to eventually happen with Tether. And that's going to be the BIG ONE when it does. SBF's 'liquidity issue' will be just a blip in comparison.
Right now, If I have to speculate... I would think SBF worked on the politicians and regulators, as he slept with them too, to limit its biggest competitor at home.