Holy shit so Caroline said Alameda used funds loaned to them for making venture investments and then they used FTX customer money to repay the loans when they got recalled in the crypto crash this year
holy shit lol
''in the process, we managed to convert $226 USD to ~$2M. We were thinking about our family's future, and not the future of our community.''
LUNA hyperinflation is so bad, that for it to return to its previous ATH of 120$, the marketcap of LUNA would have to be 27,000,000,000,000 aka 27 trillion USD
Why I rejected a 2500 ETH ($9.5M USD ) offer from
@poapxyz
on CryptoPunk
#6046
This could have been the largest ever on-chain NFT sale in USD, but I chose to reject the offer.
Here is the story and why 👇
According to all the NFT roadmaps i've looked at, we are on track to have 3543 working toptier metaverses coming from crypto in the next 3 years.
So bullish on this space 🚀 WAGMI
I'm a bit surprised at them sending a new 120k ETH so fast after exploit. You'd think they'd take the time to re-audit everything and make sure everything is safe before sending another 300m in the contrats.
the hardest problem in crypto is not Layer2 scaling or data sharding, but actually figuring out your ETH cost basis accross 87 wallets for each of the 100,000 times this year you traded shitcoins against an ETH pair
Quit CT 8 months ago. Bought a new car, I have an amazing new girlfriend, I make a shitload of money and I'm buying a house this spring. I party every weekend, I'm never home. I'm enjoying life. Do yourselves a favor. Stop trying to make CT a career. It's cringe as fuck
1) Per our Bahamian HQ's regulation and regulators, we have begun to facilitate withdrawals of Bahamian funds. As such, you may have seen some withdrawals processed by FTX recently as we complied with the regulators.
91. After Stone left Celsius KeyFi, Celsius maintained access and control of the 0xb1 wallet. Celsius’ CEO, Alex Mashinsky, used that control for his own personal benefit. In one example, Celsius’ CEO transferred valuable NFTs from the 0xb1 accounts to his wife’s wallet.
so, SBF's prized jewel, FTX's wonderful and lenient risk/liquidation engine, was literally just Alameda directly absorbing all liquidated positions coming their way with customer deposit money?
Oh, he's actually pushing for simple frontends that let you interact with permissionless protocols to be classified as broker-dealers that require KYC/AML
that's very bad
Imagine if UST blowup happened a month later, impact for ethereum eco would have been so much worse
FRAX&UST 4pool would have gotten huge, lots of of projects likely convinced to use it as its pairing as was said on twitter, etc
My father-in-law is a token builder. We were looking at the Uniswap airdrop last night and I asked him what it would cost to do this today instead of points.
I will never forget his answer… "We can’t, we don’t know how to do it."
they yeeted retail savings deposits into OHM at the top
they yeeted retail savings deposits into OHM at the top
they yeeted retail savings deposits into OHM at the top
they yeeted retail savings deposits into OHM at the top
theory: -15% on SOL would have been a disaster for liquidations & too much stress via MEV for the restart, so alameda bid it up back to -2% before restart to save the chain
i will not be participating in the vitalik dick jokes because the last time sharting jokes almost made him quit ethereum and we just really cant be having that right now with the merge coming up
why are people complaining about the land sale. this is good for everyone. A 25K ETH sacrifice offering to the ETH gods can only please them, i see great times ahead
I don't think people have realized that Flashbots RPC makes the following obsolete:
1. reverting transactions
2. sandwich bots
How the hell can you not integrate such a service in your product?!
in the
@cobie
article he talks about locked tokens etc and how they're actually actively traded
what's even the point of vesting if the funds just end up trading them around like that? makes the whole long term vesting thing look like window dressing tbh. how 2 fix?
As everyone has said it is probably not true that the most was spent in "venture among other expenditures"
but it is an admission of funelling FTX customer money to Alameda for covering up holes from whatever shit they had over there
after thinking about it more, I think it is more likely that FTX customer money was being used by Alameda since very beginning, and books had always been commingled together
makes more sense than FTX being solvent and suddenly deciding to transfer its funds to bail out Alameda
kinda annoyed at defi being a never-ending game of finding new ways to make emissions appear as revenue. like, sure, i'll play the game and trade them, but it's a bit tiring
gm fam perso update
today was my last day at
@AaveAave
. had a great experience there, team is awesome and true pros
On my side, back to independant state. just gonna be contributing to DAOs/projects i like (eg
@sudoswap
) and see where that goes