The FTX-SEC crypto scam continues to gain momentum.
FTX Says It’s Been Hacked As $383,000,000 in Crypto Appears To Exit Crumbling Exchange
How convenient is that!?
ZachXBT also says stablecoin issuer Tether has blacklisted portions of USDT related to the address involved in the transfers, which Etherscan has now labeled as “FTX Accounts Drainer.”
How comforting to know that Tether can make such decisions unilaterally! Just watch what can already be done with crypto assets.
“FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans.”
Another way to stop users getting their money - scare them into believing it could get worse! Another synthetic virus.
Also,
Great interview - Marc Cohodes rants about FTX from about the 35-minute mark.
The take-home here is that the whole FTX scam has far too many people joined together like a rat-king, as either family or close friends, and the cloud of unknowns that surrounds SBF's legitimacy needs to come to light.
I agree with Cohodes that this is a shitshow designed to hide the money that wishes to either crush or control the whole crypto space. As I wrote before, this has similarities with the Enron scandal, as well as Lehman, and the upshot will be a big push to reveal assets and liabilities held by cryptos, and especially Defi constructs.
It is also designed to scare people away from unprotected assets.
Re🤬eD
CryptoAnarchyBecomingAthreat# @logiczombie 🥓
hihi that´s true, but hey which assets are protected (by whom?) and are the protectors trustworthy???
I guess not !
Normal bank-accounts with so called real money (FIAT) are only protected as long as the institution is not bailed in or they like you as client while you are not on a blacklist from some of the most powerful and corrupt nations like the US the UK the EU and hence the Ukrainian boys count also to them as an buddy to the US-Boys ;)
Property (Houses, Procuction sites so called Real Estate) is also not protected, it could easily seized from Banks, States or other Big guys who don´t like what the owner does with it.
There is no 100% protection, nowhere on this planet full of bancrupt countries and economies, you only can be faster or smarter than they are ;)