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And if you had an "FTX" alert on HN/Twitter, you'd have seen: Sunday 11/06 1 https://news.ycombinator.com/item?id=33494404 https://news.ycombinator.com/item?i
by password4321 4y ago
And if you had an "FTX" alert on HN/Twitter, you'd have seen:
Sunday 11/06
1 https://news.ycombinator.com/item?id=33494404 https://news.ycombinator.com/item?id=33494404 Due to “recent revelation” Binance is liquidating their FTX Token holdings (twitter.com/cz_binance)
> Context:
Friday 11/04
254 https://news.ycombinator.com/item?id=33464494 https://news.ycombinator.com/item?id=33464494 Crypto trading firm Alameda Research might be insolvent (dirtybubblemedia.substack.com)
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All in time for:
Tuesday 11/07 -> Monday 11/06 ("yesterday")
https://news.ycombinator.com/item?id=33518961#33520094 https://news.ycombinator.com/item?id=33518961#33520094
> I admit I did panic and tried to withdraw my funds yesterday. They just processed it today. A bit delayed but still processing.
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"Get Out" vibes for sure.
- oldgradstudent 4y ago> "Get Out" vibes for sure. At that point it was too late. If a significant number of customers tried to withdraw a few days earlier, FTX would have collapsed a few days earlier. The mistake was made when giving FTX the money.