FTX/Alameda had a fail safe in case authorities were ever on to them. The hack last night was an internal system meant to delete data & evidence. Fortunately, even without specifics I alone have enough to send Caroline, Gary Wang, Dan Friedberg, and SBF to prison for life.
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JUST IN: FTX lists zero #Bitcoin assets on bankruptcy papers despite $1.4 billion of BTC liabilities - FT
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Binance's CEO Warns Crypto Crisis Is Not Over
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FTX held less than $1bn in liquid assets against $9bn in liabilities, this is why “proof of reserves” means nothing. They must include info of liabilities.
[FTX held less than $1bn in liquid assets against $9bn in liabilities](https://www.ft.com/content/f05fe9f8-ca0a-48d5-8ef2-7a4d813af558) What a shitshow. After this, crypto exchanges are showing their proof of reserves to the public. [Binance](https://www.binance.com/en/assets-proof) [Crypto.com](https://crypto.com/company-news/transparency-first) These don’t mean shit, unless they can show how much they should actually have. Someone gave me $5, it doesn’t mean shit if I I show I have $3, when no one knows that I should have $5. This might be a step in the right direction of being more transparent to the customers but without the full information, it don’t mean shit.
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What's one activity that helped you stay calm this past week? 💪
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Disclosure: I am terrible at fundamental analysis(Worse than you) I have micro specialized in price action and sentiment analysis. I have never bought any NFTs. I have never participated in an ICO or IDO 95% if what I tweet I have no position I am a $BTC maxi but own no $BTC
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It should be clear to you all now that this conspiracy is bigger than just SBF. I’m digging in the the rabbit holes and my contacts to find the truth. But I can only dig so far. I love you all but I’m not getting kilt for y’all. I’ve got a family.
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Argentinian government says SBF has not entered the country: If he tries to enter he will be arrested on the spot and deported to the US. (Article in Spanish)
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BREAKING: FTX’s new CEO John Ray confirms hack, says they’re working with law enforcement to locate and recover funds
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Gary Gensler was meeting with SBF regularly over the past year. Why didn't Gary notice? #FTX
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FTX had only $900 million in liquid assets backing $9 billion in debt: FT https://t.co/Ps6aoWncEw
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Which coins have poor marketing teams and good technology stacks? Who can I trust to not just be marketing hype?
After everything that's happened lately, I'm wondering which reputable coins have good technology behind them and aren't ranked highly just because of marketing. Are only BTC and ETH safe investments? Is DOGE dumb but safe because it's a grassroots project? Is BNB safe or is it tainted like FTT? XRP is already dealing with legal issues - are those going to get worse without SBF lobbying? What's up with ADA and DOT these days - will they be considered irrelevant now that ETH has transitioned to POS, or are they safe, long-term tech plays? Does their tech even matter for the next few years? MATIC recently climbed into the Top 10, is its success totally legit or has the run-up been too quick to be trustworthy? What else? What coins do you hold that you're not worried about and why?
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I think we’re gonna need a bigger rainbow 🌈
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