Crypto Crash

[Jubee]

After all this, I still don't understand bitcoin. Maybe that is why I never touch the stuff.

I have a decent grasp of it and won't go near it. All this going on with FTX reinforces my decision.
It has had a huge impact on a lot of people and locally it has affected the Ontario Teacher's Pension.

Ontario Teachers’ Pension Plan invested US$95M into failing crypto platform FTX

The Ontario Teachers’ Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.

www.thestar.com

 

[Jubee]

The cope is strong in crypto-land, I see.

In a thread above you "liked" a comment about not understanding it, so how can you even comment on this if you don't know the players in the game?

 

[poker]

In a thread above you "liked" a comment about not understanding it, so how can you even comment on this if you don't know the players in the game?

How in gods name did make that jump… he acknowledged Darts reasons for not touching it. So you assume he does not know the players in the game?

 

[black booty lover]

I have a decent grasp of it and won't go near it. All this going on with FTX reinforces my decision.
It has had a huge impact on a lot of people and locally it has affected the Ontario Teacher's Pension.

Ontario Teachers’ Pension Plan invested US$95M into failing crypto platform FTX

The Ontario Teachers’ Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.

www.thestar.com

No offence but serves them right.

Don't put your money into pyramid schemes...lol.

 

[black booty lover]

Anyone see sprite09 lately??

Must be to busy counting all the millions he made from crypto.

 

[Darts]

Easy come easy go.

It wasn't real money anyway.

 

[Phil C. McNasty]

He was arrested today

https://twitter.com/x/status/1602453189206458368

 

[Robert Mugabe]

He was arrested today

https://twitter.com/x/status/1602453189206458368

I guess he is "Fried" . If he had any brains he would have fled to a country with no extradition treaty with the US. Worked out ok for Snowden.

 

[Valcazar]

He was arrested today

Good.

 

[mandrill]

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

The former CEO of failed cryptocurrency firm FTX has been arrested in the Bahamas at the request of U.S. authorities. That's according U.S. and Bahamian authorities.

apnews.com

 

[black booty lover]

He was arrested today

https://twitter.com/x/status/1602453189206458368

There's a surprise...lol.

 

[jalimon]

I guess he is "Fried" . If he had any brains he would have fled to a country with no extradition treaty with the US. Worked out ok for Snowden.

Snowden was a whistle blower. Yes he committed a crime against the gouvernment but did not took anyone's money for himself. There is no comparison.

 

[jalimon]

People are quietly suddenly realizing that crypto is selling sand in the desert (as another terbite wrote not long ago).

It will last as long as the last fool realize he's being fooled and/or as long as the last crypto owner steal the money given to him...

 

[Robert Mugabe]

Snowden was a whistle blower. Yes he committed a crime against the gouvernment but did not took anyone's money for himself. There is no comparison.

I wasn't criticizing Snowden. Simply pointing out that Russia is a safer bet to avoid US extradition. Bahamas isn't the best place to flee from the authorities. Ask Peter Nygaard.

 

[Phil C. McNasty]

You're in the shithouse now pal. US courts tend to hand out sentences relative to how much money you bilked.
For instance, if you committed fraud for $100 million you can expect at minimum a 10 to 15 year sentence (maybe even longer).
So $1 billion should be good for at least 20 to 30 years in the bucket.

Karma is a bitch

Sam Bankman-Fried is DENIED bail in the Bahamas

Bankman-Fried appeared before a magistrate in Nassau on Tuesday. He was arrested last night at the request of the American authorities and is fighting extradition back to the US.

www.dailymail.co.uk

 

[Phil C. McNasty]

I guess he is "Fried" . If he had any brains he would have fled to a country with no extradition treaty with the US. Worked out ok for Snowden

Thats a lot harder now then it was 20 or 30 years ago.
Most developed nations now have an extradition treaty with the US, except for 3rd world shitholes and dictator led countries:

Countries without Extradition 2026

Discover population, economy, health, and more with the most comprehensive global statistics at your fingertips.

worldpopulationreview.com

Even if he flees for some place like Russia or China, the authorities there will most likely confiscate all his cypto leaving him with nothing.
He really doesnt have anywhere to go. I suspect thats why he never left the Bahamas

 

[Robert Mugabe]

Thats a lot harder now then it was 20 or 30 years ago.
Most developed nations now have an extradition treaty with the US, except for 3rd world shitholes and dictator led countries:

Countries without Extradition 2026

Discover population, economy, health, and more with the most comprehensive global statistics at your fingertips.

worldpopulationreview.com

Even if he flees for some place like Russia or China, the authorities there will most likely confiscate all his cypto leaving him with nothing.
He really doesnt have anywhere to go. I suspect thats why he never left the Bahamas

Even if he flees for some place like Russia or China, the authorities there will most likely confiscate all his cypto leaving him with nothing.
lol. confiscate all his worthless crypto.

 

[sprite09]

Anyone see sprite09 lately??

Must be to busy counting all the millions he made from crypto.

yawn, and like you're making millions with any risk-on asset ? markets, including crypto, will recover.

or you're one of those sitting out ? it's time in the market, not timing the market.

 

[sprite09]

No offence but serves them right.

Don't put your money into pyramid schemes...lol.

well, there's a saying in crypto , not your keys, not your coins.

that's why you buy a cold wallet.

 

[Phil C. McNasty]

lol. confiscate all his worthless crypto

Almost guaranteed he has a few billion in crypto stashed somewhere