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FTX

middleview

President
Supporting Member
Where did I say it was? But I get your point - "who could have seen this coming?"


Don't worry, you only have to watch the first three minutes. God forbid you would be exposed to opposing views...
Tucker? Sorry. Makes me ill to hear his voice...never mind that he is only a tiny bit more credible than Alex Jones.
 

middleview

President
Supporting Member
Their balance showed $14.6 billion in assets held against $8 billion in liabilities. On paper solvent on a mark-to-market basis, but digging in there was no way that mark was reasonable.

The most egregious example was $5.82 billion worth of FTT tokens on the asset side, around a third locked and the rest unlocked and available to trade. FTT is a token created by FTX, a sort of pseudo-equity token which represented some share of the exchange revenues. Kind of.

FTX had been doing periodic buybacks of the token which were supposed to represent a distribution of exchange revenues to holders. Holding the token also entitled traders to a discount on trading fees. The token was at the time worth around $26. At its peak it was worth around $80.

The main thing that FTT was used for though, was pledging as collateral by FTX and Alameda.

You read that right, a token which the exchange invented a little over 3 years ago was used as collateral for loans. We know for sure that it was acceptable collateral in various Solana DeFi protocols, which FTX had a significant amount of influence over; but reports are also surfacing that it may have been used to purchase real estate in the Bahamas and quite possibly with various institutional Crypto lending like Genesis which is now facing major problems.


Who has oversite for bitcoin exchages? Is this like derivatives in 2007?
 

God of War

Governor
So Durham brought charges in three cases. Two were dismissed and one guy admitted he deleted a line from an email.

A jury dismissed the other two. Really? Just like elections your side loses. Must be something wrong if jurors or voters disagree with you.
You write this like you didn't read what I said. So never mind to you.
 

middleview

President
Supporting Member
That's a laugh-fest. Could they have possibly managed to replace Pelosi with someone even worse? You betcha!

Now it's not even bi-coastal leadership - the majority & minority leaders in congress literally live about five miles from each other in NYC. Is there a reason the Democrats in the house passed over serious persons like, say, Steny Hoyer, for an election denying radical? I guess because the party is giving "flyover country" a big middle finger as there's no legislative agenda related reason for fast tracking Hakeem Jeffries.

Two ultra progressives from NYC? That's your idea of "diversity? LOL!
Could have replaced Pelosi with McCarthy...he'd be far worse.
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
Could have replaced Pelosi with McCarthy...he'd be far worse.
I don't like either one of them. That's the difference between you and me. You don't like corrupt idiots unless they are democrats, and I don't like corrupt idiots...period.
 

middleview

President
Supporting Member
I don't like either one of them. That's the difference between you and me. You don't like corrupt idiots unless they are democrats, and I don't like corrupt idiots...period.
Re-read my post. I simply said he'd be worse. Where did I post saying anything positive about her.
 

middleview

President
Supporting Member
How could Trump "call it off" when it was DEMOCRATS who called it ON ?
Who called for a wild rally? Who told that mob that they needed to fight like hell to stop the election?

Rudy said let's have trial by combat.

The rioters say they followed Trump's orders.
 
I wonder why the scandal only turned up now and not from 2017 to 2021
I am sure in the coming weeks you will be wracking your brain trying to figure out a way to blame Trump for all of this.....

Don't worry, I am sure your betters are working on the Talking points for you, ones that will not mention the amount of money he has given to Democrats or the fact that on the ledger of FTX they had "Trump Lose"......

Clearly he (Trump) was in on all of it along with his peeing hookers, his hoarding of nuclear secrets, his campaign run by Putin and of couse all those unseemly things he put on Hunters Laptop......;)
 
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Tucker? Sorry. Makes me ill to hear his voice...never mind that he is only a tiny bit more credible than Alex Jones.
The truth would make you sick. It's ok, let the hate run through you and try not to think about the fact that he destroys the Democrat/Left 5 days a week.
 

Raoul_Luke

I feel a bit lightheaded. Maybe you should drive.
Well, it was Jay Clayton from May 2017 to December 2020. Did the FTX fraud only start in 2021? He went to work for Fireblocks in 2021.
It blew up on Gensler's watch - after he had met with SBF...for what purpose? Probably for advice on FTX acquiring BlockFi and acquiring its regulatory bonafides. Maybe he should have done less advising and more investigating. But then SBF had democratic political connections out the wazoo.
 
It blew up on Gensler's watch - after he had met with SBF...for what purpose? Probably for advice on FTX acquiring BlockFi and acquiring its regulatory bonafides. Maybe he should have done less advising and more investigating. But then SBF had democratic political connections out the wazoo.
The left is trying with all their tiny little might to pin this on Trump Adminstration.

That and the MSM refuses to cover the aspect of this story that involves the Ukraine.... but shhhhh you did not hear that from me.
 
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