The FTX Collapse Explained

21 Comments on The FTX Collapse Explained

1. The guy that shined the light on his scheme will be raided soon.

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2. As far as I know, the IRS confiscated 4 billion.

   As far as I know.

   It’s interesting in that the Feds may have wanted to drag Elon Musk into it. They’re still sore over him
   buying their DARPA project.

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3. I’m glad I’m just a dumb hick who likes cash in the hand.

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4. Crypto is was and always will be a Ponzi scheme. It’s “big finance” for the latest generation of Tidepod munchers.

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5. What’s the relationship between this and the MLB umpires wearing “ATX”?

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6. FTX

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7. I don’t need crypto. I invested in Beany-Babies.

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8. @Mule…. I like that tide-pod munchers. I got remember that one !

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9. FJB!

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10. Never understood where its underlying value was
    Never trusted it.
    Banks and investment company are flaky enough.
    I steered clear.

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11. I heard of a group of college students who had organized a project and invested their proceeds into a crypto currency (well before FTX collapsed). It went bankrupt and they lost all of their money.

    I still do not understand how it actually works – it always sounded like a fantasy to me. Of course, I hear that the government wants to create its own “electronic currency” and eliminate cash money. That will be just as safe as crypto currency is now.

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12. FTX for me is a particular design of Hornady bullets I use in my .458 SOCOM reloads. It’s basically a 45-70 ballistic equivalent in an AR rifle. Big fuckin’ fun.

    Mostly because I just can’t givva’ shit on what passes for interest for the rest of society. You fucks are sick. If you get over it, drop me a line.

13. At least I don’t have to listen to the smugs at work bragging about how much money their FTX tokens have made them any longer

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14. His girlfriend

    https://twitter.com/HowieBTC/status/1590905563692806144?s=20&t=TmavncTTvAnzKLypmdCrFw

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15. Be sure to also check out the second video down in the above link

16. The last couple of days have had some of the Greatest Threads EVER.

    I hope each and every blessed ones of us are saver-ing these delights.

    There is an upcoming Midnight Movie Trailer for a Thanksgiving Turkey Day & Night Special.

    Some Fowl Creatures being hunted as you read this will be caught and stuffed, on TV channels around the World.

    If you too have any ideas of when, where, what and how to help with the Stuff’ing , please feel welcome to add your recipes here or there.

    Thank You and have a Happy Happy Happy Thanksgiving

17. Looks like they were using FTX to launder money the money the dems were giving Ukraine back to the Dem campaigns 100s of millions!!

18. Guys on death row have better looking girlfriends than that guy.

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19. He’s a Vegan.

    Wouldn’t it be ironic if it was Turkey with lots and lots of stuffing as a side

20. The only “explanation” is greed, money, and eventually getting bit real hard on the butt by it all. Figures it takes a (thieving) democrat to screw everyone else. Typical.

21. I love watching all the idiots on TV explain how crypto currency is the wave of the future. They can never really explain exactly what it is and how it works or where it gets it’s value. I hope everyone who lost their asses suffers greatly. They deserve it for being so damn stupid.