There is a rumour of FTX insolvency

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Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
The real sad thing is to see how much money institutional investors poured into his pockets, after having conducted their due diligence procedures, which typically take months.
Whoever has run a legit small size investment fund knows how difficult it is to onboard institutional clients, with all their crazy requests.

This raises the question of whether they were all in on it ca#"!. Or simply did not know how to do proper due diligence on a crypto company. Also a lot of investor still believe in magic money machines.

Tom Brady And Gisele Bündchen Are Among The Celebs Named In A Cryptocurrency Class-Action Lawsuit​


 

myhand

Rothschild family member
Mentor Group Gold
This is going to be a nightmare for the market and the owner of FTX !
 

OffshoreMonero

Silver Member
Indeed, he was. Never trust a man with a coconut shaped head.
Honestly I don't even understand how crypto maniacs can look up to CZ as a role model.
Yeah, considering that CZ's proof of reserves excluded Monero, and we have evidence of him selling worthless "paper" to people.

I think he's malicious and not a role model at all. If you have any crypto stored at Binance you should move it into your own custody ASAP. "Not your keys, not your coins".

Stay safe.
 

OffshoreMonero

Silver Member
So he pays out in the Bahamas where people can physically get at him and now in the USA where litigators can tear him apart. Seems legit.
 

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