ruthless

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459008)

"Our first priority is to protect customers and the industry; that's been guiding what we do.

We're optimistic that we'll accomplish all of those, which means that we'll soon be focusing on our second priority : our shareholders.

Again, I wish I had more details for you guys right now; I don't yet. I'll give them as they are hashed out. But protecting our shareholders is our highest priority outside of the non-negotiable ones.

I am likely to be quite swamped the next few days, so unfortunately I probably won't have much time for a bit, but Ramnik and others will be around and (slightly) less jam packed.

Anyway : I'll write more of a retrospective later, when I have time to. I'm sorry I didn't do better, and am going to do what I can to protect customer assets, and your investment."

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459054)

What % of nocoiner pumos poasting as crypto MFEs ITT and opining about how this is the end, FTX is about to collapse, everything is going to zero just wait two weeks, etc. even know that FTX and FTX.us are two completely different platforms? Maybe 30%? 40%?

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459117)

In a similar way to Elon announcing that Twitter is financial trouble and pumos screaming SELL SELL SELL SELL on Tesla, yes. They are two different corporate entities that are both under the functional control of a single powerful billionaire, that's true.

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459249)

Yep any day now tick tock just two more weeks

lmao FTX was either hacked or is exit rugging idiot users

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459270)

somethign is afoot lol

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459294)

One note. All the time.

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45464889)

You still have to be legit retarded to keep any substantial amount of money on an exchange period

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459250)

This is a fair argument, but that observation has nothing in particular to do with "FTX" and the idea that you need to pull that money you kept on FTX.us for the last two years NOW NOW NOW GET IT OFF NOW WHILE YOU STILL CAN because of the news that broke today about FTX is a birdbrained take at best.

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459262)

Are you new to crypto? Serious question.

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459273)

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459279)

Well then you should know that this is how these third-party crypto platforms operate: They have "oops" problems when everyone rushes to sell low. To be totally honest, I don't actually think that's a bad thing -- selling bluechip cryptos low is usually a retarded and panic-induced decision. But sure, it's shady as fuck.

Sort of like holding crypto on those third-party crypto platforms to make good interest returns is kind of shady as fuck. Except I never hear anyone who chooses to do that complaining about that one when the market is up. Only the former when the market is down. Odd case. Almost like people love shady shit when it works in their favor and hate it when it doesn't. Wow, what a lesson!

Either way, the clear lesson here is simple: The underlying L1 coins themselves are all total scams that are going to zero very soon because third-party crypto platforms predictably behave in shady ways, get out now while you can and invest all your money in physical silver.

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459300)

the fact is they can and will and do pause withdrawals which is fucking insane

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459320)

Not your keys, not your coins. It always has been and always will be true. People do dumb shit with physical gold all the time too, and yet I don't see Pumos rushing out to tell everyone that physical gold (which has very few industry applications aka "use cases" outside of its decorative function) is inherently speculative and worthless, etc. Instead, they blame the people who did dumb shit with their physical gold for losing it, getting greedy and getting conned, etc. Odd case.

But to be clear, I'm also not here to defend SBF, he's a fucking kike and he might well be pulling off a huge scam. I don't hold anything on any of his platforms. I'm just pointing out that anyone who considers themselves a crypto MFE and yet doesn't "get" that FTX and FTX.us are literally two different companies and that the bad news today about the former doesn't actually implicate the latter (making "OMG GET YOUR FUNDS OFF FTX.US NOW WHILE YOU STILL CAN GOGOGOGO!!!" retarded on its face) don't actually know shit about this market and these market players and really needs to shut the fuck up and stop acting like they're knowledgeable about this stuff.

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459336)

To be so smugly confident while being so laughably wrong is hilarious by itself. To then learn *nothing* from the experience and remain smugly arrogant while literally always wrong pushes this into the stratosphere of hilarity.

Thanks for the laughs babe

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#46154020)

https://twitter.com/ledgerstatus/status/1590115753331937281

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459271)

https://twitter.com/SBF_FTX/status/1590012124864348160

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459302)

https://twitter.com/SBF_FTX/status/1590012133307478016

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45459411)

Hope everyone managed to get their crypto off FTX.us before it crashed!

(https://xoxohth.com/thread.php?thread_id=5229842&forum_id=2#45466352)