 | So the man himself was speaking today. But didn't say how he f*cked every users. And how he misused their funds, which was estimated roughly $9 billion US dollars. Now, he might've just committed another crime by partnering with Tron (Justin Sun). Here is what he posted on his own Twitter. so what does it all mean? It means if you would like to withdraw your assets out of FTX, you have a choice of swapping your whatever assets to TRX, BTT, JST, SUN, and HT token. They are owned by Justin Sun. Here is a funny part and I could say outright this is illegal. The man just try to reduce his liabilities by f**king his users once more time. This is the price of TRX on spot market on FTX. And this is the price of TRX on other markets (from Coingecko). See difference? Basically, if you have $1 million dollars worth of assets and you would like to withdraw via Huobi (owned by Justin Sun). You would have to buy TRX, then send it to Huobi, then sell it. At the end, you lost nearly 5 times, end up having only $200k. Want to see another token allowed to withdraw 1:1. HT (Huobi) On FTX Spot Other markets Not only the users was already f***ed. This clown decided to f*** them once more time. Either you got something (4-5 times less than what you own) or nothing. It is like take it or leave it. This clown just want to reduce his debt and decided to sacrifice his customers. Who benefits in the end?
Those people are the reasons for outsiders and governments around the world to attack cryptos in general. Well, let them all die so we could move on. I mean, what the hell law enforcement in the US is doing? Just allow it to happen? Let me get it straight: I have no tokens locked up on FTX nor I own any tokens associated with him and Justin Sun. But seeing this kinda action harming the crypto industry and people makes me sick. I don't know what to advise you guys who have tokens locked up there. Maybe seek advice from your lawyers. Edit #1: He has a hole of $9 billion dollars, right (probably lost due to a psychopath in Alameda Research, who lost it all to yield farming and seeding new project). If all users and investors decide to get out of FTX via this kinda mechanism, basically he only owes those people $1.8 billion dollars. Because people decide to take 4-5 times loss. INSANE. [link] [comments] |
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