Recent comments
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Despite its failures, FTX was incredibly successful in fundraising within a challenging environment. The company has raised over $1.8 billion since its first seed round during the crypto-winter of 2018. It raised multiple rounds led by Sequoia with participation from many notable venture capital funds. This article looks at FTX's pitch deck, breaking it down so that readers can gain insight for their own businesses. -
SBF invested in AI research...to save humanity from it.
By chovy 4 months agoMan this guy had his hands in everything... -
Sam Bankman-Fried Addresses Withdrawals, FTX Collapse in Newly Released Audio Interview
By chovy 4 months agoIs he taking this call on the beach? I hear water lapping against the shore. -
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BlockFi files for Chapter 11
By chovy 4 months agoGOt this in my email today. -
Bitcoin.com is launching VERSE, the ultimate utility & rewards token and the world’s gateway to DeFi.
By chovy 4 months agoHOw is this not another shitcoin? -
SEC coming after Bored Apes
By chovy 4 months agoThose NFTs may drop in value if they haven't already. -
Grayscale the next to collapse....?
By chovy 4 months agoMight want to buy some BCH while you're at it. DCG may be going under: https://twitter.com/ColinTCrypto/status/1595172338185736194/photo/1 -
Rumor: Zuckerburg set to resign from Meta next year
By chovy 4 months ago...or maybe Elon will buy it. -
Rumor: Zuckerburg set to resign from Meta next year
By chovy 4 months agoMeta officially claiming this is 'false' -
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This can easily be subpoenaed by courts. -
Gemini having server issues and shut down earn program
By chovy 4 months agoSo far looks unrelated to FTX -
NY Gov. to ban crypto mining
By chovy 4 months agoand so it begins...the bannening. -
Is ChipMixer a CIA honeypot?
By chovy 4 months agoThis is why we need open source mixers. -
Grayscale the next to collapse....?
By chovy 4 months agoMaybe, maybe not. -
Another one bites the dust....bump bump bump....another one bites the dust!!! -
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Grayscale the next to collapse....?
By chovy 4 months agoNo it isn't -
Grayscale the next to collapse....?
By chovy 4 months agoThis isn't going to end well. -
Grayscale the next to collapse....?
By chovy 4 months agoGrayscale is an investment trust traded on the stock market. Doh! -
Grayscale the next to collapse....?
By chovy 4 months agoI'm not sure what Grayscale does but they've been a crypto player for years. -
FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong
By chovy 4 months agoGenesis will go kaput if they don't get a loan to cover their losses. -
More institutional investors than ever are betting on the price of Bitcoin and other cryptocurrencies going down, according to a Monday report from CoinShares.
By chovy 4 months agoI've been here since 2011....just know, the market likes to get reckt with the most people possible. As soon as your taxi driver is talking about selling crypto it's time to buy. -
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FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong
By chovy 4 months agoBigger than Enron they say... > FTX new CEO John Ray, who helped oversee some of the biggest bankruptcies ever, including Enron's, said he's never seen anything as bad as FTX 🤯 Here 8 shocking highlights: (1) FTX lent co-founder & CEO Sam Bankman-Fried (SBF) over $1 billion for personal use. They also loaned their Director of Engineering Nishad Singh $543 million. $1.5B just like that 🌪 (2) FTX used customer (!!!) funds to buy houses for workers in the Bahamas🇧🇸. Employees and executives effortlessly put their names on homes purchased with company funds. (3) FTX didn't keep proper records of whom they employed and what those employees did. Their total employee count was probably fake. (4) SBF made all business decisions on apps that auto-deleted everything after some time (Signal). He encouraged all employees to do the same. (5) FTX had no cash management system. Nobody had any idea how much cash was on hand at any given time, or even where all their cash was. (6) FTX didn’t keep any books or records of its digital assets. (7) Digital assets deposited by customers weren't even recorded on the balance sheet. (8) The exchange built software to hide the misuse of customer funds. FTX was supposedly worth $32 billion, it was backed by top-tier venture capital firms and grew into one of the biggest digital asset exchanges in the world. Yet, now it appears it had far less documentation, structure, and organization than any fantasy sports league. The worst part is that it really might be the biggest fraud case of all time. -
Another exchange down because of FTX
By chovy 4 months agoNot your keys, not your crypto -
Thousands of people have petitioned for a Congressional investigation into Gensler's relationship to FTX and its major players.
By chovy 4 months agoThey probably dated! Lol -
Sam Bankman-Fried educates us on how to become a billionaire --- didn't age well ノಠ益ಠ)ノ彡┻━┻
By chovy 4 months agoThis guy is a real piece of work. -
BlockFi has frozen customer withdrawals due to FTX collapse
By chovy 4 months agoStill hasn’t been withdrawn. -
Developers are scrambling to create a new version of the on-chain liquidity hub that has no ties to Sam Bankman-Fried’s burning empire.
By chovy 4 months agoBlockFi being one of them. -
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Crypto.com accidentally sent $400M of customer funds to gate
By chovy 4 months agoWe'll see what happens tomorrow. -
Developers are scrambling to create a new version of the on-chain liquidity hub that has no ties to Sam Bankman-Fried’s burning empire.
By chovy 4 months agoI suspect they had their hands in more than a few projects. -
Crypto.com accidentally sent $400M of customer funds to gate
By chovy 4 months agoLooks like some damage control today in the news from cryto.com -
BlockFi has frozen customer withdrawals due to FTX collapse
By chovy 4 months agoI got these emails the last 4-5 days from BlockFi. I have tried to withdraw my crypto to an outside wallet. The process was enabled but it takes a few business days. We shall see. -
Crypto.com accidentally sent $400M of customer funds to gate
By chovy 4 months agoThis could be a sign of things to come for crypto.com if they are that cavalier with their customer funds.
Bankrupt crypto lender Celsius gets the go-ahead to hand out $2.8 million in bonuses
By chovy 4 months ago