People connected to the saga should also be imprisoned like SBF was already. This kind of bankruptcy can't be carried out by one person; there must be individuals or groups who contributed to it in some way and reaped the rewards. Moreover, they are suspects. None of them would claim that they had no role in it on a personal level.
Someday, laws will undoubtedly meet Do Kwon and Voyager. Because of the havoc they brought to people's cryptocurrency finances, they cannot be forgotten.
Topic: It's hard to trust any crypto CEO this days (Read 212 times)
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
Even if you tell it hardly and nonstoply to them, many will still use centralized exchanges because it's more convenient and that's what is like a tradition for most.It's true that never trust a CEO even if he seems to be a bullish crypto folk because not everything you see is true on the web. If it's about keeping assets, it's been so true that never keep it to any c-exchange.
those exposed and caught at this time must be punished for their bad deeds. who haven't been caught yet, so they must be waiting their turn.
if no law in the country catches him, I still believe nature will act against those who have dangerously bad behavior.
I hope the greedy owner is brought to justice soon. it's not just the wealthy who are victims. those with few assets also fall victim to such CEO's greed.
if no law in the country catches him, I still believe nature will act against those who have dangerously bad behavior.
I hope the greedy owner is brought to justice soon. it's not just the wealthy who are victims. those with few assets also fall victim to such CEO's greed.
a shitcoin that was only hype at the start of its release and then would just be trash to the detriment of many users coming in on the last day. Shitcoin hype up to 100x and even 1000x, with fast profits and losses.
Instead of just focusing on shitcoins, it's better to use that money to buy bitcoin as a long-term investment, at least use 50% for bitcoin and the rest to buy altcoins that have good potential in the future.
Bitcoin doesn't have a CEO and the identity is anonymous, but it's not a scam like some other coins.
I have increased the minimum allocation to 70% for bitcoin investment and the rest is only for potential big coins for long term portfolio, but if you are unsure which altcoin to choose then 100% is better. Actually shitcoin could not be identified from the top altcoin section such as FTT even the FTX exchange with the highest trading volume was in the second top exchange position after binance but in the end it was known that it was only a scam project and also Luna shitcoin. These two big projects have damaged the reputation of crypto investment and we should be wary of investing in any altcoin. Instead of just focusing on shitcoins, it's better to use that money to buy bitcoin as a long-term investment, at least use 50% for bitcoin and the rest to buy altcoins that have good potential in the future.
Bitcoin doesn't have a CEO and the identity is anonymous, but it's not a scam like some other coins.
Finally SBF is in jail and I am happy about it but Iets not forget about those that are not in jail like the 3AC founders, voyager and that Do Kwon of LUna himself,
Maybe there apprehension cloud isn't yet fullz give it a little more time government will still dig deeper into their allegations and fish them one and if that one is not enough, the fortune stilen from various investors hard earned finances will hunt them down individually with an unrest, they have in custody of people's asset so they must also taste the flavour of custody when they faced the law in jail.
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
I hope all this will serves a lesson to people and learn from them the consequences with having a centralized exchange in use, those that have entrusted them before time had never taught of this coming, abstainance is the best cure from any danger ahead with CEX.
Right. What happens is that many people buy shitcoins like betting on roulette at the casino, they want to make a quick 100x to get out of their shitty life, instead of plotting a more boring but safer plan to improve their economic situation, and in that plan not even just the Bitcoin, although it is obviously part of it.
a shitcoin that was only hype at the start of its release and then would just be trash to the detriment of many users coming in on the last day. Shitcoin hype up to 100x and even 1000x, with fast profits and losses.
Instead of just focusing on shitcoins, it's better to use that money to buy bitcoin as a long-term investment, at least use 50% for bitcoin and the rest to buy altcoins that have good potential in the future.
Bitcoin doesn't have a CEO and the identity is anonymous, but it's not a scam like some other coins.
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Finally SBF is in jail and I am happy about it but Iets not forget about those that are not in jail like the 3AC founders, voyager and that Do Kwon of LUna himself, all eyes are on SBF and FTX right now and these others are praying they should be forgotten so they can enjoy the stolen cash someday, wherever they keep the remains. I hope they all face the Law someday too..
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
SBF being in jail doesn't solve anything or fix the loss of the people that are affected by the FTX issue and it's also not the problem either. The problem is that most cryptocurrency investors ignore the fundamental concept provided by Satoshi when he introduced Bitcoin because his idea was to create crypto that will give people liberation and the needed power/right the common man not people making the same mistake they did with institutional banking.The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
What I see about the SBF issue is the modern replication of institutional banking scams in the cryptocurrency market and what I fear the most the issue is the Feds, and SEC will introduce into the crypto market which lead to high implementation of KYC and regulation just like we see when ICO scam was numerous then.
In the meantime, people need to wake up and understand that 98.9% of all altcoins are created to enrich the CEO and his team.
That's why it's better to stay away from crypto bullshit, or in other words shitcoins, and focus on Bitcoin, which doesn't have a CEO.
Right. What happens is that many people buy shitcoins like betting on roulette at the casino, they want to make a quick 100x to get out of their shitty life, instead of plotting a more boring but safer plan to improve their economic situation, and in that plan not even just the Bitcoin, although it is obviously part of it.
We shouldn't invest just because we trust anyone. The safest but not the quickest way to get rich is to buy Bitcoin and deposit it in your own hard wallet.
Right. What happens is that many people buy shitcoins like betting on roulette at the casino, they want to make a quick 100x to get out of their shitty life, instead of plotting a more boring but safer plan to improve their economic situation, and in that plan not even just the Bitcoin, although it is obviously part of it.
We shouldn't invest just because we trust anyone. The safest but not the quickest way to get rich is to buy Bitcoin and deposit it in your own hard wallet.
Never trust any crypto CEO no matter how their philanthropic deeds. Aside the FTX saga that has brought to the public knowledge a lot of hidden issues, CZ of Binance is making me scared with his tweets, interviews, and utterance recently. Well, I have learned my lesson. On 3% of my coins will be left on any centralized exchange and it will only be used for trades. Fool me once.
Most crypto CEOs are here because they are interested in getting rich rather than making the crypto industry grow strong because of it. Losing faith in them was unavoidable due to their bad reputation in the end, it definitely made the trust score in the industry even worse than said.
Bitcoin is very different, but because of the thousands of failed altcoin projects and crypto CEO, people out there are choosing to come to the same conclusion that crypto is the easiest part to lose money on including bitcoin. But for everyone in the know, bitcoin is not what they say it is. Bitcoin is a decentralized asset without having to rely on other assets like altcoin, but the current CEO of altcoins and crypto have melted a lot of faith in the industry in general.
Bitcoin is very different, but because of the thousands of failed altcoin projects and crypto CEO, people out there are choosing to come to the same conclusion that crypto is the easiest part to lose money on including bitcoin. But for everyone in the know, bitcoin is not what they say it is. Bitcoin is a decentralized asset without having to rely on other assets like altcoin, but the current CEO of altcoins and crypto have melted a lot of faith in the industry in general.
The last few days have been trending news about the arrest of SBF as CEO of FTX in the Bahamas. This is the final way for SBF and its accomplices, so that they can be prosecuted in the fairest way possible for their actions which have harmed many people. But about some founders who haven't been arrested like DoKwon, of course it takes quite a bit of effort to catch them and there should also be a lot of reports coming in about the CEO's crimes. currently Do Kwon is still a fugitive and the latest news that I know is Do Kwon hiding in Serbia, the South Korean Ministry of Finance is seeking cooperation with Serbia to facilitate Do Kwon's investigation.
You can't fully trust someone if you are into cryptocurrencies because it will be another risk to take, not just in crypto itself. Still, trust in the leader of a sure thing, In this instance, SBF wasn't the first time, but it's one of the most significant theft in the world today. Imagine being able to fool people for years, and they have done it successfully until it didn't. I hope the affected people will be able to recover their money.
It is not a matter that you trust their CEOs or don't trust their CEOs.
A true and vital matter is, what algorithm you trust. It should be Proof-of-Work, not Proof-of-Stake, not Smart Contracts.
PoS is very inflationary and Smart Contracts have things for developers to do their rug pulls such as minting millions or billions of token from the air. With Proof-of-Work, their CEOs, their developers can not do that.
Only Proof of Work is not enough. It should also have real decentralized network which is strong with high total hashrate like Bitcoin.
I don't see people discuss about importance of halving period. In my opinion, it should be long enough, not too short, not too long. Because the market needs enough long period to complete its psychological cycle. If halving happens each month, each quarter, each 6 months, each year, it won't be long enough for market psychology to complete.
Satoshi Nakamoto is (are) genius by choosing 4 years for each halving.
A true and vital matter is, what algorithm you trust. It should be Proof-of-Work, not Proof-of-Stake, not Smart Contracts.
PoS is very inflationary and Smart Contracts have things for developers to do their rug pulls such as minting millions or billions of token from the air. With Proof-of-Work, their CEOs, their developers can not do that.
Only Proof of Work is not enough. It should also have real decentralized network which is strong with high total hashrate like Bitcoin.
I don't see people discuss about importance of halving period. In my opinion, it should be long enough, not too short, not too long. Because the market needs enough long period to complete its psychological cycle. If halving happens each month, each quarter, each 6 months, each year, it won't be long enough for market psychology to complete.
Satoshi Nakamoto is (are) genius by choosing 4 years for each halving.
Finally SBF is in jail and I am happy about it but Iets not forget about those that are not in jail like the 3AC founders, voyager and that Do Kwon of LUna himself, all eyes are on SBF and FTX right now and these others are praying they should be forgotten so they can enjoy the stolen cash someday, wherever they keep the remains. I hope they all face the Law someday too..
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
who is replacing Sam's current position as a CEO at FTX is john ray, i am very happy with the news that Sam is in prison but what about the lost customer assets, does FTX have the intention to return them to all of its users. i also read on CoinDesk until the second trial on February 8, 2023, Sam will continue to be in prison in the Bahamas. Sam will be labeled a fraud for the rest of his life, and that's what he has to accept for using a user's liquidated assets at FTX for investment (which the judge said was structured fraud) without the user's permission. The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
Finally SBF is in jail and I am happy about it but Iets not forget about those that are not in jail like the 3AC founders, voyager and that Do Kwon of LUna himself, all eyes are on SBF and FTX right now and these others are praying they should be forgotten so they can enjoy the stolen cash someday, wherever they keep the remains. I hope they all face the Law someday too..
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
Trust only yourself and don't believe on people giving such word of wisdom either they are CEO or a investment coach since all words they say is always in favor to them and they have personal agenda for saying that. They always make people believe so that they can influence them so much better always trust your instinct about investments also do your research always so that you will not get bait for what shady activities they do.
What happened with LUNA is kind of shocking because the project went to zero and people lost millions and billions but in next few days he managed to come up with another project called LUNA2.0 and am I the only one who feels these atrocities should be stopped with no tolerance at all?
Laws will be in the favour of rich people no matter what so don't trust too much when it comes to money no matter how credible the person was because we don't know what the future have.
Laws will be in the favour of rich people no matter what so don't trust too much when it comes to money no matter how credible the person was because we don't know what the future have.
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
It only worsens the world's crypto business. He became poisonous to the government and society. It is difficult to create trust in the government and society that is in the process of developing. He will only turn off the financial resources for the life of him and his family, maybe he will also be hated by the people of the world.
I'm sure not all CEOs are as cunning as he is. They should be conscious for long-term growth. He didn't think that the crypto industry could be ruined because of his actions. Imprisonment will not refund the losses of FTX users. The government should punish and seek refunds belonging to FTX users even though their value has dropped sharply.
Finally SBF is in jail and I am happy about it but Iets not forget about those that are not in jail like the 3AC founders, voyager and that Do Kwon of LUna himself, all eyes are on SBF and FTX right now and these others are praying they should be forgotten so they can enjoy the stolen cash someday, wherever they keep the remains. I hope they all face the Law someday too..
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
Don't trust the CEO, always look at the project or coin you were going to buy, CEO are not permanent they can be replace by someone who is better, use case of the token and future are the vital, with SBF he is just a front person we don't know who is behind him, maybe government, we don't know, the collapse of the token from what i read is his fault and some people. The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
Finally SBF is in jail and I am happy about it but Iets not forget about those that are not in jail like the 3AC founders, voyager and that Do Kwon of LUna himself, all eyes are on SBF and FTX right now and these others are praying they should be forgotten so they can enjoy the stolen cash someday, wherever they keep the remains. I hope they all face the Law someday too..
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
The lesson here is I believe SBF faced this justice because he stole from other rich people, imagine if those money are from lesser people it would have turn into a past history .
Newbies it is time to put an end to all Centralised finance in crypto space and shift your attention to Dex, they always have their hidden agendas, keep your crypto assets off the hands of any CeFi platforms, these people are the ones dragging crypto success back.
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