janmo

20 ms·

181.
by janmo 4y ago
Ubelievable, only 6 days later, and not only did Alameda collapse, but also FTX and SBF himself
182.
by janmo 4y ago
I was simnifically long crypto and sold in Nov of last year after seeing the Mashinsky/ Peter Schiff debate. It took me 15minutes to understand that Celsius was a ponzi scheme. More worrying was that back then the whole crypto twitter
183.
by janmo 4y ago
This move was to be expected, they lost their lifeline from FTX/SBF. It is to be expected that they also have outstanding loans to Alameda Research. I believe BlockFi will soon file for CH11 like Voyager and Celsius did. If you have an
184.
Crypto lender BlockFi halts withdrawals(twitter.com)
27 points by janmo 4y ago|9 comments
185.
by janmo 4y ago
This would pose a huge legal and regulatory risk for Binance. There is a reason why no one is acquiring ponzi schemes.
186.
by janmo 4y ago
No surprise to me, we are talking about a hole of probably over $6b. That's a lot of money for an exchange whose reputation has now been destroyed.
187.
by janmo 4y ago
Please don't post a link to FTX. Withdrawals on FTX are suspended, probably for ever.
188.
by janmo 4y ago
Withdrawal halt confirmed: https://twitter.com/tier10k/status/1590035482221633546
189.
by janmo 4y ago
It seems withdrawals are halted, and there is no clarity of weather or not they have resumed after the announcement. Without withdrawals FTX will loose in importance and value every single hour. It is hard to build trust as a crypto exchang
190.
by janmo 4y ago
Title is incorrect, they signed a non-binding LOI. They will first do a lot of Due Diligence and might back out of the deal anytime.
191.
by janmo 4y ago
SBF and CZ tweeted. https://twitter.com/cz_binance/status/1590013613586411520 https://twitter.com/SBF_FTX/status/1590012124864348160 Reading through the lines: FTX is in trouble and face
192.
by janmo 4y ago
Well it has been 4 hours now, and the media has been reporting it for an hour, everyone on Twitter and Reddit is talking about it. Yet, no communication from FTX or SBF.
193.
by janmo 4y ago
4 days ago there was an interesting discussion here about a possible Alameda/FTX bankruptcy: https://news.ycombinator.com/item?id=33464494
194.
FTX Appears to Have Stopped Processing Withdrawals, On-Chain Data Show(theblock.co)
143 points by janmo 4y ago|126 comments
195.
by janmo 4y ago
Context: https://news.ycombinator.com/item?id=33464494
196.
Due to “recent revelation” Binance is liquidating their FTX Token holdings(twitter.com)
5 points by janmo 4y ago|1 comments
197.
by janmo 4y ago
Alameda has taken loans from Voyager and BlockFi, those are in hard currencies, USD or bluechip crypto such as BTC/ETH. From Voyager's bankruptcy filing we know Alameda owes them $650m in USD, and hasn't repaid them yet, inst
198.
by janmo 4y ago
"Most of the liabilities on their balance sheet are probably these token deals, rather than loans made in hard currency." No... We know that they owe $650m USD to Voyager Digital and they haven't repaid it yet, instead after
199.
by janmo 4y ago
We know from the Voyager Digital CH11 filing that Alameda owes them $650m USD, and has not repaid them so far, instead FTX the exchange affiliated to Alameda is trying to acquire Voyager digital assets. I presume that a lot is also owed to
200.
by janmo 4y ago
We know that on Jun 30th Alameda had $134m in liquid assets, at the same time it came out that they owe the bankrupt Voyager Digital around $650m USD. On Jul 8th Alameda research tweeted: "happy to return the Voyager loan and get our c
201.
by janmo 4y ago
They only had $154m in cash equivalent, the rest of their assets was in illiquid crap.
202.
Crypto trading firm Alameda Research might be insolvent(dirtybubblemedia.substack.com)
256 points by janmo 4y ago|208 comments
203.
by janmo 4y ago
The new RTX 4xxx generation still has the same amount of VRAM, so I don't know how it would help you that much.
204.
by janmo 4y ago
13. Excluding Nexo Capital's net position in NEXO tokens, Nexo Capital's liabilities would exceed its assets.
205.
NEXO's liabilities exceed its assets (Emergency Cease and desist) [pdf](kfi.ky.gov)
2 points by janmo 4y ago|2 comments
206.
by janmo 4y ago
The real nuclear terrorist threat comes from nuclear power plants, they are way less secure than governments want you to believe they are. As we now know that they go boom once there is no more cooling, which occurs if there is a power outa
207.
by janmo 4y ago
Online it might, but you can still go to a store. Just have to run very fast and hope it happens when the stores are open otherwise it will be too late. ideally you know an insider working there to reserve the products for you.
208.
by janmo 4y ago
I am ready to buy every piece of hardware, smart phone, laptop, GPU in the minutes after an invasion or a blockade is announced, it will be the single best investment of a lifetime. + with such goods if you are in the EU, you have up to 14
209.
by janmo 4y ago
Musk is creating FOMO (Fear Of Missing Out). Just like the ICOs in 2017 where the price would increase every day.
210.
by janmo 4y ago
Makes for a good click bait title ;)

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