FTX ceo paina edo news nadustubdi…

[dasari4kntr]

3 minutes ago, LadiesTailor said:

I don’t blame you baaa… crypto is alternative to fiat and built on decentralization… 

but morons like Musk took into his hands and rafe chesi padesaru… okadu tweet veste perigedi inkokadu pote thaggedi kaadu…

andaru kalisi crypto concept ni kill chestunnaru… only time will tell how it will sustain 

currency ni commodity laa vaadaru…

[Gorantlamdhav]

12 minutes ago, dasari4kntr said:

anyone know fell details…

i know recently binance.us took over it…tell me after that what happened..?

Vadu pedda donga, same like charminar bank krishi bank scheme but did online with no branches

2019 may - stared new exchange in donga place bahama. Also launched own coin ftt fake

2019 dec - need money, asked competitor binance, gave 100mil for 20% stake ( that 100 mil nalla dhanam)

2020 may - want to open to other countries, they asked full bank statements of all parties, binami guy has no docs so sold 20% back to founder for 2B fake coin

2021 - bakra pulic bought all ftt also had cash in his bank. He loaned all that cash to himself, abd his binamis

2022 oct - 2B binami ftt dumped

Ftt became $2 ftom $80 in 3 days so everyone sold and asked cash but he already moved cash to other nalla dhanam binamis

now he need to pay public. How???

 

[hunkyfunky2]

1 minute ago, LadiesTailor said:

I don’t blame you baaa… crypto is alternative to fiat and built on decentralization… 

but morons like Musk took into his hands and rafe chesi padesaru… okadu tweet veste perigedi inkokadu pote thaggedi kaadu…

andaru kalisi crypto concept ni kill chestunnaru… only time will tell how it will sustain 

Isn't damage done? 

It's impractical for people to manage their tokens themselves 

I'm not even talking about NFTs... concept has some scope but it got killed before it took off.

Blockchain also same - no practical use cases though concept is great.

 

 

[dasari4kntr]

2 minutes ago, Gorantlamdhav said:

Vadu pedda donga, same like charminar bank krishi bank scheme but did online with no branches

2019 may - stared new exchange in donga place bahama. Also launched own coin ftt fake

2019 dec - need money, asked competitor binance, gave 100mil for 20% stake ( that 100 mil nalla dhanam)

2020 may - want to open to other countries, they asked full bank statements of all parties, binami guy has no docs so sold 20% back to founder for 2B fake coin

2021 - bakra pulic bought all ftt also had cash in his bank. He loaned all that cash to himself, abd his binamis

2022 oct - 2B binami ftt dumped

Ftt became $2 ftom $80 in 3 days so everyone sold and asked cash but he already moved cash to other nalla dhanam binamis

now he need to pay public. How???

 

thanks…

[Gorantlamdhav]

9 minutes ago, LadiesTailor said:

I don’t blame you baaa… crypto is alternative to fiat and built on decentralization… 

but morons like Musk took into his hands and rafe chesi padesaru… okadu tweet veste perigedi inkokadu pote thaggedi kaadu…

andaru kalisi crypto concept ni kill chestunnaru… only time will tell how it will sustain 

Its crap concept 

one country one currency vundali, not each person has own coin 

Online transfer is easy these days like phone pe , venmo etc..

paisal country datali antey lekka vundali nalla dhanam or tella dhanam etc.. anthey kani 1 sec lo border daatitey malli back ravu mana mallya lantollu jump

[dasari4kntr]

 

 

[Naaperushiva]

Gary Gensler blew it again. After his agency failed to warn investors about Terra and Celsius—whose collapses this spring sparked a trillion-dollar investor wipeout—the Securities and Exchange Commission chair allowed an even bigger debacle to unfold right under his nose. I’m talking, of course, about the revelation this week that the $30 billion FTX empire was a house of cards and that its golden boy founder, Sam Bankman-Fried, is the crypto equivalent of Theranos’s Elizabeth Holmes.

 

To be fair, Gensler was not the only one suckered by SBF. Nearly everyone else—myself included—fell for the narrative that SBF, with his cute afro and aw-shucks demeanor, was exactly the savior crypto needed to shake off its dodgy reputation and emerge as part of the mainstream financial system. The problem is that cop-on-the-beat Gensler not only failed to spot the crime—he appeared set to go along with a legislative strategy that would have given SBF a regulatory moat and made him king of the U.S. crypto market.

According to Washington insiders I spoke with, the reason behind SBF’s decision this summer to obtain control over BlockFi was to benefit from the troubled crypto lender’s recent settlement with the SEC—basically extending the amnesty BlockFi had received to FTX. Meanwhile, FTX’s recent tie-up with securities exchange IEX (of Flash Boys fame) would also help SBF’s empire come under the U.S. regulatory umbrella. All of this would clear FTX to have the U.S. market to itself as the company lobbied for legislation that could have torpedoed competitors like Binance as well as the emerging DeFi sector.

 

This appears to be what prominent House member Tom Emmer (R-Minn.) was referring to when he tweeted on Thursday that “@GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly.”

Gensler, a former campaign finance chair for Hillary Clinton, is of course not the only prominent Democrat who may have been willing to flex his influence on behalf of FTX. SBF, you may recall, was one of the biggest donors to President Joe Biden, while his parents—both Stanford law professors—have ties to the party. His mother, Barbara Fried, leads a group called Mind the Gap that helps raise Silicon Valley cash for Democrats, while his father, Joseph Bankman, drafted tax legislation for the powerful Sen. Elizabeth Warren (D-Mass). It’s not a stretch to imagine SBF sought to exploit these political ties to his benefit.

All of this does not mean SBF, Gensler, and other higher-ups in the Democratic party sat around plotting an explicit scheme to hand the crypto industry to FTX. That reeks too much of a wild conspiracy theory. Nonetheless, at a time when Gensler is already shrieking for more money and power to address the latest crypto crisis, this would be a good time for skeptics to ask why he failed to stop FTX in the first place—and if anyone else in high places had a role in enabling this debacle.

Jeff John Roberts
[email protected]
@jeffjohnroberts

DECENTRALIZED NEWS

“The whole operation was run by a gang of kids in the Bahamas”: A look at FTX’s day-to-day operations shows them to be marked by nepotism, romantic relations, and a lack of any real oversight. (CoinDesk)

 

SBF’s empire includes venture capital investments in dozens of prominent crypto and fintech ventures—investments that could now be sold off in a fire sale. (Fortune)

Crypto Twitter is agog over a video showing Alameda Research CEO and SBF’s sometime girlfriend discussing her trading strategies. (@cobie)

FTX filed for Chapter 11 on Friday morning, and Sam Bankman-Fried resigned as CEO. (Fortune)

Crypto lender BlockFi, which earlier this year took a $400 million line of credit from FTX, announced it was halting customer withdrawals. (PYMNTS)

MEME O’ THE MOMENT

[Naaperushiva]

Ee SBF gaadu Dems ki 50 mill something fund icchi ......chaala push chesaadu...

Tried to push Binance away from US...Chaala back story nadichindhi

[Pavanonline]

26 minutes ago, LadiesTailor said:

I don’t blame you baaa… crypto is alternative to fiat and built on decentralization… 

but morons like Musk took into his hands and rafe chesi padesaru… okadu tweet veste perigedi inkokadu pote thaggedi kaadu…

andaru kalisi crypto concept ni kill chestunnaru… only time will tell how it will sustain 

If it’s a sound concept how can anyone kill it. It was bs concept that was ripe with fraud and money laundering with probably 0 real world application.

[Pavanonline]

2 minutes ago, Naaperushiva said:

Ee SBF gaadu Dems ki 50 mill something fund icchi ......chaala push chesaadu...

Tried to push Binance away from US...Chaala back story nadichindhi

Haha yeah, malli dark money ani roju class peekutaru.

[Naaperushiva]

Tom brady, Gisele, Stephen Curry And shaq anukunta all got effected.

Who knowns rich kaabatti already tipped off ayyuntadhi

[TOM_BHAYYA]

47 minutes ago, hunkyfunky2 said:

What ? They didn't even buy - they did due diligence and said no .

FTX is all fasak - client list all access to tokens and cash.

 

They had share in FTX and they transferred thier 500M worth of FTT last month to binance .. hopefully they converted to usdt

[hyperbole]

1 hour ago, hunkyfunky2 said:

They backed out... They used all client tokens to do some risky bits and lost approx 10B dollars..

You can't even make this up in stories if you want to.

Decentralized currency -my foot. 

$150 billion in overall crypto wallets, FTX was holding $32 billion worth of crypto , vadi network was $16 billion last week varaku

[iddaritho]

Unfortunately lot of pension plans were invested in his company 

it will affect lot of people 

[dasari4kntr]

31 minutes ago, Pavanonline said:

If it’s a sound concept how can anyone kill it. It was bs concept that was ripe with fraud and money laundering with probably 0 real world application.

 

28 minutes ago, Pavanonline said:

Haha yeah, malli dark money ani roju class peekutaru.

it supposed to be currency…daani purpose maarchesi commodity la vaadaru…

okka scam thone crypto bad ante…intha kaalam jarigina fiat currency scams ni emanali..?

asalu fiat currency systeme sarigga vunte inko crypto lanti systeme avasaram lekunde…money laundering kottaga crypto li jaragledhu…eppati nuncho vundi…

still block chain is good concept…some time back…i saw some proposals like how to use blockchain to stop the fake news ani…kaani alantivatini modatlone tokkestaru…endukante…to control people with lies…