The once number 2 cryptocurrency exchange FTX seems to be collapsing under a pile of fraud, targeted fun and stupid decisions. There was a letter intent to have them taken over by the number 1 exchange (binance) but apparently they got a look at the books and were all "fuck that noise I am out". Also gone with it is likely its owner (though I imagine a few million are stashed somewhere ready for the end of the prison sentence) with now one of the fastest rises and falls from billionaire status.
Videos, many others available
As they were so outsized in the market then it seems it contagious and it is knocking the market something fierce
https://coinmarketcap.com/currencies/bitcoin/?period=7d
Do bear in mind in November 2021 it was around $64000 USD per bitcoin.
Anybody caught up in this one or are hardware wallets the order of the day here?
Equally the phrase "there are two types of crypto exchange, those that have been hacked and those that don't yet know they have been hacked" was once popular, might it be amended to "those that have been caught with their hand in the cookie jar and those that have not yet been caught but crumbs abound"?
Whether this it the fabled crypto winter or not remains to be seen (previous days did seem somewhat optimistic with it being somewhat above the consolidation zone/magic 20K USD line), though the general state of the economy is not brilliant either so eh.
Videos, many others available
As they were so outsized in the market then it seems it contagious and it is knocking the market something fierce
https://coinmarketcap.com/currencies/bitcoin/?period=7d
Do bear in mind in November 2021 it was around $64000 USD per bitcoin.
Anybody caught up in this one or are hardware wallets the order of the day here?
Equally the phrase "there are two types of crypto exchange, those that have been hacked and those that don't yet know they have been hacked" was once popular, might it be amended to "those that have been caught with their hand in the cookie jar and those that have not yet been caught but crumbs abound"?
Whether this it the fabled crypto winter or not remains to be seen (previous days did seem somewhat optimistic with it being somewhat above the consolidation zone/magic 20K USD line), though the general state of the economy is not brilliant either so eh.