With the recent announcement that the cryptocurrency exchange FTX was filing for bankruptcy the crypto market has certainly been affected in a bad way…who’s to say how many people lost money because of this or how many people will lose faith in crypto altogether over it…I always like to add in these that I am no financial expert or advisor, I am simply an observer who’s interested in crypto and although I do invest a little bit I don’t have a ton of money tied up in any crypto currently.
It’s always interesting to me to see what people on Twitter are saying about this crypto stuff when it trends…I certainly wouldn’t take any advice from Twitter but it can give you a good idea where people’s heads are at so let’s take a look and see what everyone is saying about this FTX situation.
let's get this straight: So FTX was run by a self-proclaimed autistic billionaire who had consistent meth-induced orgies with his 10-person team. All whilst he claimed to live cheaply in his multi-millionaire dollar mansion. and Y'all trusted him with your money😂 #FTXbankruptcy pic.twitter.com/AHxUJzbjGc— C.R.E.A.M (@22CREAM28) November 12, 2022
Yeah I never really trusted FTX enough to use it for any of my crypto trading but it sure sounds like the people running it had a lot of fun with other people’s money…wonder how much money was lost in one day over all of this.https://platform.twitter.com/widgets.js
It’s always seemed a bity sketchy to me from the start and I’m sure glad I didn’t lose any money over all of this but I do feel for all the people that did…this is going to cause a lot of doubt in crypto in general now.
wait what pic.twitter.com/yTMExLsNvz— Teddy (@TeddyCleps) November 11, 2022
Sounds like an interesting bunch that’s for sure…think the fun is probably over at this point though.https://platform.twitter.com/widgets.js
Certainly not a situation you want to find yourself in right now…lots of money was lost, lots of lives were ruined.
If you have survived— learncrypto_365 (@LCrypto365) November 12, 2022
– BTC crash from $69k to $17k
– LUNA to $0 by Do kwon
– 3AC going from $18bln to $0
– Celsius and voyager bankrupt
– FTX and FTT Meltdown
You are an OG now.#CryptoCom #cryptocrash #FTXbankruptcy #BUSD
Investing in crypto is a risky and volatile business sometimes…it can be easy to make money but just as easy to lose it all sadly.https://platform.twitter.com/widgets.js
They try and reassure customers to minimize their losses…not yours…this is about profit for these people not helping other people.https://platform.twitter.com/widgets.js
Pretty much what happened…and he lied to them to stop them from saving their own funds.https://platform.twitter.com/widgets.js
Seems about right…amazing artist to get it so accurate.
Over $1 billion of client moneys have vanished from collapsed crypto exchange FTX.— Ryan Pinesworth™️ (@RyanPinesworth) November 12, 2022
“The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research,”#FTXbankruptcy
hopefully there are proper investigations done and charges issues if it’s appropriate…who knows though bankruptcy or not this guy still has plenty of money for great lawyers.https://platform.twitter.com/widgets.js
On the bright side I’m perfectly happy with Blackrock losing money…that’s good for everyone but them.
Hopefully like me you didn’t lose any money in this fiasco but many people did and lots of it…this might change the world of crypto for quite some time, maybe even permanently.