However, this cannot be the reason for the price improvement, because it has occurred since the beginning of last month. Moreover, stopping him does not solve the crises in which the market occurred because of him, because he simply cannot compensate for the losses because the value of his property and the property of the platform exceeds the compensation that is supposed to be paid to the direct affected users of the platform.
The improvement in market prices in recent days may be caused by the announcement of the start of disbursing compensation to those affected by the mtgox scam, starting next March, and the announcement of Ethereum about the fork, which will enable the beneficiaries of staking services to withdraw their money.
Topic: BTC Pumping After The Arrest of Sam - page 3. (Read 423 times)
It's encouraging to see that Bitcoin has experienced some solid increases following his arrest.
Actually the arrest was some more time (weeks!) ago.
If we want to link the pump with FTX, a newer update was that SBF has found some $5 billion of the FTX money "in his back pocket" (about 1 week ago).
This shows that many people are endorsing it and may indicate that the King of Cryptos' reputation can now slowly regain its former glory. We can only hope that BTC can close the year with some strength rather than some red waves.
While some of the politicians and media he was paying would like him stay out and pump more money, the bitcoiners know that
* he ran something between fractional reserve and plain Ponzi scam
* he most probably did scam
* he most probably deserves prison time
Even more, bitcoiners know that
* bitcoin reputation was affected only in the eyes of those who have absolutely no clue about bitcoin
* if people would keep their money in their own custody, this kind of crap would have no fuel to happen
This is old news. Sam is already out on bail and is not coming back to jail unless he tries to flee and gets caught or commits another crime while on bail.
If there's any connection between FTX and bitcoin pump it's that the liquidators claim to have found most of the money that used to be considered "lost" by FTX. It appears they still had over $5B in various assets lying around but due to their bad management they didn't know what is where.
I'm just waiting for them to announce that FTX really wasn't insolvent and Sam the idiot forgot where he kept the money
P.S. The real reason for the pump was a short squeeze on exchanges.
If there's any connection between FTX and bitcoin pump it's that the liquidators claim to have found most of the money that used to be considered "lost" by FTX. It appears they still had over $5B in various assets lying around but due to their bad management they didn't know what is where.
I'm just waiting for them to announce that FTX really wasn't insolvent and Sam the idiot forgot where he kept the money
P.S. The real reason for the pump was a short squeeze on exchanges.
Sam Bankman Fried was recently arrested in the Bahamas at the request of the US government. He may soon be extradited and face the biggest legal challenge of his life as a result of the numerous violations he committed at FTX and Alameda Research. He has a significant probability of going to jail, which might be beneficial for everyone in the cryptocurrency sector by delivering the message that we must all abide by the law and refrain from doing foolishly.
It's encouraging to see that Bitcoin has experienced some solid increases following his arrest. This shows that many people are endorsing it and may indicate that the King of Cryptos' reputation can now slowly regain its former glory. We can only hope that BTC can close the year with some strength rather than some red waves.
https://i.ibb.co/ZVDCt71/Fj6-Rj38ak-AEMwg-A-1.jpg
It's encouraging to see that Bitcoin has experienced some solid increases following his arrest. This shows that many people are endorsing it and may indicate that the King of Cryptos' reputation can now slowly regain its former glory. We can only hope that BTC can close the year with some strength rather than some red waves.
https://i.ibb.co/ZVDCt71/Fj6-Rj38ak-AEMwg-A-1.jpg
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