In exchange for all of SBF's private reserves, the US will protect him from 'pound me in the ass' prison he would get anywhere else.
lmao. Every one on here pumping crypto need to be bit** slapped. This stupidity needs to end. But we all know that won't happen and a pump will be here in a few months or years..
I don't promote shitcoins. I tell everyone to stay off the yield farming exchanges. I felt bad for my neighbor when he had to admit he lost money on Celsius... I warned him a couple times they were ponzis and to get off the exchange
Elon is gonna convince the brainless to go all in on Doge at SOME point. So get in now I guess, lulz.
It's a good indicator that if someone conflates bitcoin and crypto in general that they don't really know enough to be worth listening to.
Just when you think it can't possibly get any worse ... FTX Faces Potential Hack, Sees Mysterious Outflows Totaling More than $600M FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
It's all crumbling, I have half my net worth still stuck in a voyager digital account, voyager was sold to ftx in a bankruptcy auction but now that ftx is bankrupt voyager goes back on the market. I just want my ****ing money!!
They had a US entity as well. And US bankruptcy law is quite generous compared to the rest of the world. If you declare bankruptcy in the US, creditors are blocked from seizing assets and the company owners maintain control. In a lot of other countries, when you declare bankruptcy, the government can still order the immediate liquidation of the company on behalf of creditors. US bankruptcy proceedings by foreign companies are common because most major creditors also have ties to the US (so they become bound by US bankruptcy orders). If he declared in the Bahamas, I'm willing to bet the government would just wind FTX down.
FTX users appear to be cashing out of bankrupt crypto exchange through a Bahamas loophole The best part of the entire article may be the following paragraph : High-net-worth users are paying astronomical prices for NFTs on FTX at a time when the broader crypto and digital collectible market has nosedived. In one case, a collectible that traded near $9 three weeks ago sold for $10 million on Friday. Another NFT that was similarly priced a month ago, sold for $888,888.88 this week.
A year ago I bought some BTC from a recommendation on somebody on here. Wasn't able to move my cash because of some error for a long time. Emailed them to no avail (Posted that here too). That spooked me and ended up moving my cash out over the coming months in bite pieces
Probably. The government there could basically take control of the company as a pre-emptive measure or they could force an immediate liquidation of assets. Also, a lot of companies don't protect personal assets as well as the US does so the government there could seize the founders' assets as well.
@Fantasma Negro maybe I read that wrong you have HALF your net worth stuck there? Jesus hope you figure it out brother. Have you contacted other resources regarding liability protections
