Thread: Ethereum
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Old 12th November 2022, 21:43     #1154
Nich
 
it gets worse.

Looks like SBF has a new business model:
- withdraw user funds at a price
- do it via DeFi
- tell everyone it's a "hack" on their app and website

FTX Faces Potential Hack, Sees Mysterious Outflows Totaling More than $600M
https://www.coindesk.com/business/20...ore-than-380m/

And vultures like @Algodtrading paid someone for Bahamas KYC, then proceeded to scoop up people's FTX accounts offering 0.1 their account balance value (expectation of recovering funds is THAT low), then offers bribes to FTX to expidite HIS withdrawal.
https://twitter.com/algodtradingexp/...-VbT-AaRg_NYBg

What a shitstorm. You can bet the only takeaway for law makers is going to be: crypto bad, more regulation fixes this.
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