Buy the dip
You are going to have to translate.
The link below explains what happened but also Sam Bankman Fried and his company FTX have basically been the saviours of the crypto industry this year, buying out/propping up many large failing exchanges and companies, and pushing for greater regulation. He just got absolutely f-d by his main competitor, who ran the risk of ruining the industry by doing so. Proper Game of Thrones stuff.
Cheers, so the value of bitcoin nosedived because two rich people fucked over an unregulated market…ish.
Lol, so the value of the currency plummets just because a currency exchange business is fucked. Sounds mental.
Some drug cartels will win, others will lose😁
Buy the rumour, sell the news.
Someone is using the real money used to buy imaginary money to buy another company that claims to have imaginary money but hasn’t been quite as good at it.
Don’t pretend to understand this world, but is likely to lead to even more chaos.
And the first class action lawsuit suit has been bought, if it sticks get ready to invest in the dip
The CAL is against the owner and a dozen named celebrity endorsers.
Was just watching what looked like a bit of a hearing into Crypto & Sam B-Fried on TV,. They were saying that perhaps $10Bn had gone astray.
Presumably there’s some good reason why our very own financial gambler Liz Truss (who’s cost this country far more) isn’t in now custody but is instead on the US lecture circuit with other cowboys like Daniel Hannan etc.
How it started
How it’s going
And the cunt thinks it is perfectly fine to carry on as an MP while being declared bankrupt by the courts.
So morally bankrupt as well as financially.
To be fair, it is. There are different bankruptcy protocols, and one means you must step down as an MP - where there is suspicion of fraud etc. This isn’t that, it’s just a failed business AFAIK.