Forwarded from MessageInABottle
The 2 images above describe what seems to have happened at #FTX #Crypto-currency exchange.
CEO Sam Bankman-Fried (#SBF) operated what is known as a "Flywheel scheme" at #FTX
Flywheel schemes enable firms to mark their illiquid token holdings to market value.
Throw in a little market manipulation, and you can generate billions in assets.
At least, on paper.
In reality, these tokens cannot be monetized because the markets are so distorted!
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#FTX's token, #FTT, is used internally within the exchange.
#FTX's "assets" included #FTT valued at over $5 Billion.
However #FTT's market capitalization was only approx $3 Billion. 🤷♂
Additionally the majority of the remainder of #FTX "assets" appear to be highly illiquid #AltCoin tokens
https://twitter.com/MikeBurgersburg/status/1588481525527502848
CEO Sam Bankman-Fried (#SBF) operated what is known as a "Flywheel scheme" at #FTX
Flywheel schemes enable firms to mark their illiquid token holdings to market value.
Throw in a little market manipulation, and you can generate billions in assets.
At least, on paper.
In reality, these tokens cannot be monetized because the markets are so distorted!
-----------------
#FTX's token, #FTT, is used internally within the exchange.
#FTX's "assets" included #FTT valued at over $5 Billion.
However #FTT's market capitalization was only approx $3 Billion. 🤷♂
Additionally the majority of the remainder of #FTX "assets" appear to be highly illiquid #AltCoin tokens
https://twitter.com/MikeBurgersburg/status/1588481525527502848
Forwarded from MessageInABottle
This #SBF #FTX saga gets worse!
#SamBankmanFried seems to have reeled in all his own employees into his cryptoponzi scheme
#SamBankmanFried seems to have reeled in all his own employees into his cryptoponzi scheme
Media is too big
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What the Media Won't Tell You About Sam Bankman-Fried/FTX
Giving you a rundown on the whole #FTX crypto exchange financial drama as well as covering the rather insidious and bigger story about FTX that mainstream media won't touch.
ReallyGraceful
Giving you a rundown on the whole #FTX crypto exchange financial drama as well as covering the rather insidious and bigger story about FTX that mainstream media won't touch.
ReallyGraceful
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Tom Brady (ball chaser) and the awkward #ftx scammer shilling their ponzi
FTX Hegelian Dialectic
> Biden’s March 9 EO on Ensuring Responsible Development of Digital Assets
>#FTX collapse gives excuse for GG to push regulations on entire market
>Sets stage for “trustworthy” CBDCs
Thread
https://twitter.com/bitcoinzay/status/1591134996399472641
> Biden’s March 9 EO on Ensuring Responsible Development of Digital Assets
>#FTX collapse gives excuse for GG to push regulations on entire market
>Sets stage for “trustworthy” CBDCs
Thread
https://twitter.com/bitcoinzay/status/1591134996399472641
Forwarded from MessageInABottle
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Each dot represents $100,000 of US taxpayers' money ostensibly donated as vital "Aid to #Ukraine".
Much of it now likely lining the pockets of members of the corrupt #Zelensky #regime of #Ukraine.
It was recently revealed that some of this #US "aid-to-Ukraine" money was "invested", by the Zelensky regime, in the #FTX #crypto #ponzi scheme
Money from #FTX was subsequently laundered ("donated"), by #FTX founder Sam #BankmanFreid, back into the coffers of the Biden election campaign
#moneylaundering
Much of it now likely lining the pockets of members of the corrupt #Zelensky #regime of #Ukraine.
It was recently revealed that some of this #US "aid-to-Ukraine" money was "invested", by the Zelensky regime, in the #FTX #crypto #ponzi scheme
Money from #FTX was subsequently laundered ("donated"), by #FTX founder Sam #BankmanFreid, back into the coffers of the Biden election campaign
#moneylaundering
🇵🇸 Major global cryptocurrency exchange Binance seized #cryptocurrency from Palestinians as per request from Israel, according to sources from a prominent industry executive
"Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied,” Youssef wrote, citing several sources, including a letter from Israel authorities passed by Binance"
"All Palestinians are affected and judging by the way things are going all Lebanese and Syrians will get the same treatment. Not your keys, not your coins,” Youssef stated"
But but crypto is safe..... Not from these fuckers it seems
Boycott Binance!
https://cointelegraph.com/news/binance-seize-funds-palestine-israel
Binance's Noah Perlman: Ties to FTX, Epstein and Gemini Earn – 2023 https://unlimitedhangout.com/2023/11/investigative-reports/binances-noah-perlman-ties-to-ftx-epstein-and-gemini-earn/
@lawyersoflight
#Mossad #Epstein #Binance #FTX #Palestine
"Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied,” Youssef wrote, citing several sources, including a letter from Israel authorities passed by Binance"
"All Palestinians are affected and judging by the way things are going all Lebanese and Syrians will get the same treatment. Not your keys, not your coins,” Youssef stated"
But but crypto is safe..... Not from these fuckers it seems
Boycott Binance!
https://cointelegraph.com/news/binance-seize-funds-palestine-israel
Binance's Noah Perlman: Ties to FTX, Epstein and Gemini Earn – 2023 https://unlimitedhangout.com/2023/11/investigative-reports/binances-noah-perlman-ties-to-ftx-epstein-and-gemini-earn/
@lawyersoflight
#Mossad #Epstein #Binance #FTX #Palestine
Cointelegraph
Binance under scrutiny for seizing Palestinian crypto funds
Crypto exchange Binance has seized funds from Palestinians upon request from the Israel Defense Forces, according to Paxful co-founder Ray Youssef.