FTX Appears to Have Stopped Processing Withdrawals, On-Chain Data Show

Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by kranke155 on Tuesday November 08, 2022 @09:28AM (#33519296)

Seriously? This is kind of incredible. SBF has always seemed like an interesting operator in the space, and his proposals for regulation now appear to have gained him a lot of enemies. I wonder how much of this market pressure is organic vs organized.

Certainly CZ from Binance seems to have planned a squeeze on them.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by snapcaster on Tuesday November 08, 2022 @09:34AM (#33519372)

Yeah talk about a brutal move. Made my estimation of CZ increase, what a shark

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by 55555 on Tuesday November 08, 2022 @09:53AM (#33519603)

Yeah, but why wouldn't he want to sell his hundreds of millions of dollars worth of FTT before crashing the price? Isn't that a bit strange?

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by shapefrog on Tuesday November 08, 2022 @10:38AM (#33520143)

Sell $100 mil at 22, buy em back at 17 ... Profit $22 million.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by cryptoanon on Tuesday November 08, 2022 @09:59AM (#33519674)

Ego wars. Sam made a joke about CZ getting arrested on US soil.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by bhouston on Tuesday November 08, 2022 @12:21PM (#33521528)

Your comments cryptoanon have been so incredibly wrong about FTX/Alameda...

https://news.ycombinator.com/item?id=33520624

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by cryptoanon on Tuesday November 08, 2022 @06:14PM (#33525573)

I never made any comments about FTX.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by jjulius on Thursday November 10, 2022 @09:56PM (#33556815)

Alameda, on the other hand...

https://news.ycombinator.com/item?id=33465861

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by snapcaster on Tuesday November 08, 2022 @01:36PM (#33522547)

I'm guessing they sold as much as they could before the announcement, but regardless of the theoretical money value i don't think there was actual hundreds of millions of liquidity so using this stack to wipe out a competitor is probably the most effective way of using it

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by cryptoanon on Tuesday November 08, 2022 @09:57AM (#33519654)

The wide range of Binance’s criminal behavior didn’t clue you in on his sharkiness prior to this?

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by shapefrog on Tuesday November 08, 2022 @09:44AM (#33519488)

> how much of this market pressure is organic vs organized

vs ponzi scheme unravelling

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by somuchfordonor on Tuesday November 08, 2022 @10:03AM (#33519725)

No dude, Sam Bankman-Fried is going to totally autist-genius his way out of this one.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by shapefrog on Tuesday November 08, 2022 @10:09AM (#33519795)

Bernie Madoff was also able to totally autist-genius his way out of trouble too.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by pluc on Tuesday November 08, 2022 @10:19AM (#33519903)

It's certainly not incredible. A crypto company going belly up and fucking over their entire customer base is very very credible.

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Re:FTX Appears to Have Stopped Processing Withdrawals, On-Ch... by 323 on Tuesday November 08, 2022 @10:23AM (#33519959)

You cannot squeeze that which is not in a squeezable position.

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