Post APXW3jhjhBXPIA2b5c by Tim_Boettcher@ioc.exchange
(DIR) More posts by Tim_Boettcher@ioc.exchange
(DIR) Post #APXOMYA828lXMbmVmK by stux@mstdn.social
2022-11-12T19:43:39Z
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Exclusive: At least $1 billion of client funds missing at FTX https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/
(DIR) Post #APXOZpyF8MrgMMYeeW by stux@mstdn.social
2022-11-12T19:46:04Z
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I just looked at their website and there's a bit notice saying you can't withdraw funds but they strongly ADVICE against depositing more funds :amaze: Why the f is that still even possible.. :amaze:
(DIR) Post #APXOlVzLFlvprQdksi by Marypgkeating@mastodon.social
2022-11-12T19:47:52Z
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@stux Heard dude is inn Bahamas and Argentina which suggests he has super powers ...We'll see.
(DIR) Post #APXOpbR4wTRluiYyjw by jascha@cryptocartel.social
2022-11-12T19:48:31Z
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@stux Is crazy how investors gave SBF such free reign.The sad part is all the organizations who will suffer from the blow back.
(DIR) Post #APXP79bJAe6GnViVjk by adrian@staniverse.one
2022-11-12T19:52:02Z
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@stux can someone explain what ftx is and what the heck is going on with it lol
(DIR) Post #APXPBMkYDzZijl34sa by oguzhan@mastodon.coffee
2022-11-12T19:52:49Z
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@stux they are **strongly** **advice** you to not, what can else do they?
(DIR) Post #APXPDoe5ToijpjC3uK by stux@mstdn.social
2022-11-12T19:53:13Z
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@oguzhan Disable deposits :bloblaugh:
(DIR) Post #APXPJgQAyFsK3zU5lA by oguzhan@mastodon.coffee
2022-11-12T19:54:19Z
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@stux they are in "-", they need money. So some people should deposit
(DIR) Post #APXPRoYQcFwbbXDnay by artistxoder@koyu.space
2022-11-12T19:55:46Z
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@stux this is why I stopped using Crypto Exchanges.
(DIR) Post #APXPlmaLe94tHzdoSu by floresgardens_@mastodon.lol
2022-11-12T19:46:24Z
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@stux meanwhile, in Argentina 🤔🧐🪙💰
(DIR) Post #APXPysBy703KRWToCO by mentor@mstdn.social
2022-11-12T20:01:47Z
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> In a subsequent examination, FTX legal and finance teams also learned that Bankman-Fried implemented what the two people described as a "backdoor" in FTX's book-keeping system, which was built using bespoke software.> > They said the "backdoor" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors.Right… no red flags here. Reminds me of Silk Road 😂
(DIR) Post #APXQFI3JjO0hHUGH32 by lscottspencer@mstdn.social
2022-11-12T20:04:45Z
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@stux Crypto is such a scam. If me saying that makes people dislike me, so be it. I can't save them from their ignorant pipedreams.
(DIR) Post #APXQLxrbBwd0h1xlGC by lloydian@mstdn.social
2022-11-12T20:05:58Z
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@stux “…bespoke software…”?“It’s not only proprietary; it’s bespoke!”
(DIR) Post #APXRZ0Rb0ZYkPoaCEC by jwildeboer@social.wildeboer.net
2022-11-12T20:19:26Z
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@stux „missing“. (It isn’t missing. It was moved somewhere and made someone rich. ;)
(DIR) Post #APXRo9o4TsTVnRJu7s by unlofl@mstdn.social
2022-11-12T20:22:12Z
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@stux ... and I'm not giving it back!
(DIR) Post #APXSC2BeSij979jdM8 by CalebMcKean@toot.community
2022-11-12T20:26:34Z
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@stux Money is evol
(DIR) Post #APXSFlOOqTBGBaTZnU by CalebMcKean@toot.community
2022-11-12T20:27:14Z
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@stux Petty cash fund
(DIR) Post #APXUOGWFCXfGwqKL3I by marywolf@mstdn.social
2022-11-12T20:51:08Z
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@stux oof
(DIR) Post #APXUa6o18o0mIWHtey by splinux@mastodon.uno
2022-11-12T20:53:20Z
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@stux yeah I read that. I always steered away from FTX. So far only Kraken is barely decent. If someone comes up late on the business and start pretending to be the best boat it is just a matter of time. It's like Binance. It has all the red flags of FTX and Bitfinex. Bitfinex itself is the Ponzi king, la story starting with "there's a French a Dutch and an Italian". I don't follow anymore because the space has been ovverun by grifters.
(DIR) Post #APXVmCCd07mISu7uBk by stux@mstdn.social
2022-11-12T21:06:43Z
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Apparently Sam Bankman-Fried says he is in the Bahamas :thinktink: Yeah, that sounds totally legit :bloblaugh: https://www.reuters.com/technology/ftx-founder-bankman-fried-says-he-is-bahamas-2022-11-12/
(DIR) Post #APXVz3EHftfMOq1yvA by UncleCid@mastodon.tomwiththeweather.org
2022-11-12T21:08:59Z
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@stux Also a sudden "rogue" hacking attack is draining all the remaining funds just before bankruptcy: https://www.reuters.com/technology/collapsed-crypto-exchange-ftx-hit-by-rogue-transactions-2022-11-12/
(DIR) Post #APXW3jhjhBXPIA2b5c by Tim_Boettcher@ioc.exchange
2022-11-12T21:09:54Z
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@stux God, how I wished I could just run off to the Bahamas after lying through my teeth and making mistakes en masse... And it's not like he has to live as a poor schmuck there, either.
(DIR) Post #APXWStXkFgTF2vMe6C by Koetsie@mstdn.social
2022-11-12T21:14:27Z
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@stux 't Is ook zo'n aardig joch he? 😂
(DIR) Post #APXWTUk5wjKmPwQWzA by Bruce_Ak@mastodon.world
2022-11-12T21:14:29Z
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@stux the rumour is that hackers stole half the funds still have control of their systems … so why wouldn’t they leave deposits open, there’s always 0.1% going to do it
(DIR) Post #APXXSLc4VHlblegtns by marywolf@mstdn.social
2022-11-12T21:25:25Z
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@stux
(DIR) Post #APXXVh5J859HEGxfc0 by Tim_Boettcher@ioc.exchange
2022-11-12T21:11:43Z
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@stux Note that I'm still being kind by assuming he made mistakes rather than just being fraudulent front and centre.
(DIR) Post #APXXVhWxTHGac1tki8 by labyrinth@mstdn.social
2022-11-12T21:20:32Z
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@Tim_Boettcher @stux I think every crypto exchange has been run the same way since crypto was invented. No mistakes made, everything functioning as intended.
(DIR) Post #APXXVi1ncbw89gKNma by Tim_Boettcher@ioc.exchange
2022-11-12T21:24:39Z
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@labyrinth @stux Depressing.
(DIR) Post #APXXViVZptkve2GACG by stux@mstdn.social
2022-11-12T21:26:06Z
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@Tim_Boettcher @labyrinth They all seem to end this way somehow 🤔
(DIR) Post #APXXZOqMtHrPoXjzG4 by trillytrill@mstdn.social
2022-11-12T21:26:28Z
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@stux Hmm.
(DIR) Post #APXZp91Fh2Z1HFT15U by debenore@mastodon.online
2022-11-12T21:51:58Z
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@stux You'd think rule 1 of running a crypto exchange would be security, and rule 2 would be to look after trader's funds. Rule 1 is much, much harder than rule 2, yet here FTX are.
(DIR) Post #APXasM2np55GUqHqJU by steriana@mstdn.social
2022-11-12T22:03:50Z
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@stux Well...that's where he lives...
(DIR) Post #APXcRWQVJVOkmnhpb6 by publius@mastodon.sdf.org
2022-11-12T22:21:31Z
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@UncleCid @stux Truly, no one could have anticipated this! 🤦
(DIR) Post #APXdkzcX5xEgmnBG6K by lusca@infosec.exchange
2022-11-12T22:36:09Z
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@stux Yeah :/
(DIR) Post #APXqs2XruyePHvgor2 by covid@mstdn.social
2022-11-13T01:03:03Z
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@stux I don't think you can block deposits to existing deposit addresses, and it's not safe to send them back automatically.
(DIR) Post #APaltHq6cimgiOsIj2 by catsalad@ohai.social
2022-11-14T10:51:19Z
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@stuxOops ... 🤷@Tim_Boettcher @labyrinth