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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 gain
by kranke155 4y ago
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.
- snapcaster 4y agoYeah talk about a brutal move. Made my estimation of CZ increase, what a shark
- 55555 4y agoYeah, 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?
- cryptoanon 4y agoEgo wars. Sam made a joke about CZ getting arrested on US soil.
- bhouston 4y agoYour comments cryptoanon have been so incredibly wrong about FTX/Alameda... https://news.ycombinator.com/item?id=33520624 https://news.ycombinator.com/item?id=33520624
- deleted 4y ago[deleted]
- cryptoanon 4y agoI never made any comments about FTX.
- jjulius 4y agoAlameda, on the other hand... https://news.ycombinator.com/item?id=33465861 https://news.ycombinator.com/item?id=33465861
- shapefrog 4y agoSell $100 mil at 22, buy em back at 17 ... Profit $22 million.
- snapcaster 4y agoI'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
- cryptoanon 4y agoThe wide range of Binance’s criminal behavior didn’t clue you in on his sharkiness prior to this?
- shapefrog 4y ago> how much of this market pressure is organic vs organized vs ponzi scheme unravelling
- somuchfordonor 4y agoNo dude, Sam Bankman-Fried is going to totally autist-genius his way out of this one.
- shapefrog 4y agoBernie Madoff was also able to totally autist-genius his way out of trouble too.
- pluc 4y agoIt's certainly not incredible. A crypto company going belly up and fucking over their entire customer base is very very credible.
- 323 4y agoYou cannot squeeze that which is not in a squeezable position.