If i was good at memes id do something with the batman sign and riverman avatar
https://twitter.com/SBF_FTX/status/1589598284322328579?s=20&t=Gj-Gjs6a34wXp7UQiF2EWg
This seems like:
- A really big deal, and
- Either Binance or FTX (why not both!) is making material and actionable misstatements
extremely normal and not weird at all
Your money isnât here! Itâs in Joeâs monkey jpegs! In Ms. Johnsonâs meta verse real estate venture! In my off shore account that just happens to be in US dollars!
The way SBF was acting during the LUNA craze made it seem like he was the alpha dog of the space, getting bitchslapped by CZ like this was unexpected.
update:
https://twitter.com/SBF_FTX/status/1590012124864348160
crapto seems to think things are fine now
wow all the western tech journalists were painting sam as the next jp morgan but cz was the true master all along. he had samâs balls in his hands and the minute sam disrespected him a little bit he just squeezed lol
They had all these articles about the billionaire living with 10 roomates. Well at least he doesnât have to move
Crypto is boring these days. A 5% dip and everyone gets excited?
Not sure you understand the last posts
I donât understand any of this crypto stuff.
If Binance did not bail them out crypto was going a lot lower. I know I sold a small % last night (whoops) expecting the worst. It would have been Luna on steroids.
FTX was about to go bust today, might still go bust, and that would have been Luna multiplied.
Everyone would be cashing out of Binance as well and it would have been the Lehman moment for Crypto.
CZ did pour gasoline on this fire by his tweets yesterday.
https://twitter.com/cz_binance/status/1590013615897477121
This looks and feels like a death sentence for FTX.
Non binding LOI.
Can pull out anytime while doing due diligence.
FTX still has paused withdrawals.
He gonna pick up FTX for practically nothing.
Iâm enjoying watching the swongs as cryptoland tries to figure out what any of this means.