Godlike Productions - Discussion Forum
Users Online Now: 991 (Who's On?)Visitors Today: 85,095
Pageviews Today: 172,853Threads Today: 68Posts Today: 1,625
03:30 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Oh good God! Just like cryptopia,ftx crypto exchange pumped the price of btc and inflated it, now people can't withdraw their funds!!

 
Anonymous Coward
User ID: 28769926
United States
11/13/2022 07:56 AM
Report Abusive Post
Report Copyright Violation
Oh good God! Just like cryptopia,ftx crypto exchange pumped the price of btc and inflated it, now people can't withdraw their funds!!
[link to www.yahoo.com (secure)]



Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.

The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets, according to a tweet by FTX’s general counsel Ryne Miller. FTX is also coordinating with law enforcement and regulators, the company said.


Exactly how much money is involved is unclear, but analytics firm Elliptic estimated Saturday that $477 million was missing from the exchange. Another $186 million was moved out of FTX’s accounts, but that may have been FTX moving assets to storage, said Elliptic’s co-founder and chief scientist Tom Robinson.



A debate formed on social media about whether the exchange was hacked or a company insider had stolen funds, a possibility that cryptocurrency analysts couldn’t rule out.

Until recently, FTX was one of the world’s largest cryptocurrency exchanges. It was already short billions of dollars when it sought bankruptcy protection Friday and its former CEO and founder, Sam Bankman-Fried, resigned.

The company had valued its assets between $10 billion to $50 billion, and listed more than 130 affiliated companies around the world, according to its bankruptcy filing.
Anonymous Coward
User ID: 84732255
United States
11/13/2022 08:13 AM
Report Abusive Post
Report Copyright Violation
Re: Oh good God! Just like cryptopia,ftx crypto exchange pumped the price of btc and inflated it, now people can't withdraw their funds!!
There's going to be a run on crypto exchanges. They all have the same liquidity problem. Get your money out now or I promise you by the time you see it on television all your money will be gone forever.
GlObal Financial Advisor
User ID: 72507752
United States
11/13/2022 03:06 PM
Report Abusive Post
Report Copyright Violation
Re: Oh good God! Just like cryptopia,ftx crypto exchange pumped the price of btc and inflated it, now people can't withdraw their funds!!
There's going to be a run on crypto exchanges. They all have the same liquidity problem. Get your money out now or I promise you by the time you see it on television all your money will be gone forever.
 Quoting: Anonymous Coward 84732255

SELL YOUR CRYPTO NOW! I AM just trying to help. It's a Pyramid//Ponzi Scheme





GLP