FTX

letsburn00

Last I checked, FTX has theoretically paid back everyone. When they imploded, Bitcoin was worth much less. The amounts that were owed were totalled in US dollars. When BTC rose enough, the value at the day in US was say $60k, since it had risen to $90k, these guys will say there was always enough money. Nevermind that they had put in crypto that had accumulated plenty of cash if they had actually received it.

Sooperooser

Pretty sure the Alameda/FTX people have some wallets that do not appear in any excel sheet.

-richu-c

Sure. Ever heard of FTX, quadriga?? Exchanges are to buy and sell, not for stacking.

coinfeeds-bot

tldr; Caroline Ellison, former CEO of Alameda Research and key figure in the FTX fraud case, has been moved from federal prison to community confinement after serving 11 months of her two-year sentence. This could mean she is now in home confinement or a halfway house. Ellison had cooperated significantly in the prosecution of FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison. Her projected release date is February 20, 2026, nearly nine months early. Details about her current location remain undisclosed for privacy and security reasons. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

bottlejob69

Ledger support is great, my device had a firmware update which bricked my nano x. They sent out a replacement even though I was out of my warranty period. Don’t risk your crypto sitting in an exchange like FTX and MT GOX… not your keys not your crypto

Dziabadu

Bitcoin is boring. Bitcoin has to be boring. If you move your coins without strong reason you do it wrong. The only fees you are supposed to pay is for buying Bitcoin and for moving to cold storage. I feel your pain. A year of down only is depressing. In 2018 I was down 55% on my principal. I remembered quotes from Warren Buffett "buy when there's blood in the streets". I was very confident. I swore at people of the world "why are you so stupid to sell?" Later though I realized there was nobody out there. Just longs unwinding hence that was not normal, like stretch underpants. Will shoot up sooner or later. Never have I ever go under again, not even in deeps of bear FTX collapse. (Except one day March 12 2020)

Twomanator

You’re wrong plenty of wash trading still going on I built an indicator specifically for spotting these instances. Every buyer and seller is manipulating the price of Bitcoin most to nil effect. Any exchange can run partial reserves or print Bitcoin out of thin air to short aslong as they don’t run out of or sell all of their Bitcoin like FTX. The amount of manipulation that can be successfully orchestrated is to lesser effect in this financialized version of the Bitcoin market. That said currently liquidity conditions are not strong so it is ripe for strong hands to prey on weak ones. All I’m saying is if I’m headed out for a round of golf with the boys, we’re teeing off around 10am. No watch me manipulate this drive

Known_Click

We have to move out of the 4 year cycle thing if we really want Bitcoin to be some asset to take seriously. In past cycles we had luck that it aligned with stocks dumping as well, rate hikes , QT  and some project fiascos and companies in the space like FTX. But right now nothing it’s happening, it’s all the opposite, rate cuts, QE around the corner, Global Liquidity more up than ever,  economic numbers overall better than expected etc.

KCConnor

FTX has entered the chat. /s Coinbase, Binance, and other big exchanges are capable of making use of BTC they don't legally own (but technically have control over) in order to run down or up the spot price and liquidate leveraged traders. This is a huge reason why it's important to remove your BTC from exchange wallets and put it on a wallet only you control. EXCHANGES ARE CONSTANTLY SELLING BITCOIN THEY DO NOT HAVE. (caps to match yours) They just happen to keep reserves to cover if their gamble doesn't pay off. It's pretty unlikely they'll get wrecked by stop loss/liquidation hunting, but they're doing it with idle client BTC. I don't think that this is the root cause of this particular bull market's unsatisfactory performance though. Wall Street WANTS Bitcoin. And they're determined to get it for the best price. If it takes them 10 years, that's fine. They don't care. But they have a steady constant sucking bid that is roughly fixed somewhere between the mining price and the fair market price. While they own the insignificant minority of the asset, it will remained valued low. Once they begin to control the stored volume of the asset, it will appraise higher. The one thing they ABSOLUTELY do not want, is the 4 year cycle volatility that allows savvy BTC cycle traders to sell high and buy low. They undermined the 24-25 bull run, and they're going to also undermine the 26-27 bear market buy-up. They'll hold the price as high as possible, and keep the monthly swings small. They piss off HODLers enough, and they think we'll capitulate and sell into this $85-$90K limbo, and we won't buy back in at $75K. But I think the next 2-3 years will be the steady sound of a relentless steady-sucking institutional bid.

copyofa_

They use circuit breakers on the stock exchanges to control volatility. BTC does not have that. Retail got fucked by FTX. They started buying gold. K shaped economy. The lower leg of the K doesn’t have cash to buy BTC. At these prices, retail’s influence is less pronounced than all times previously. Hard to scoop up 1 coin at nearly 100k. Maybe we are back to revisiting the uncorrelated asset aspect of bitcoin. Gold has been ripping because institutions and sovereigns and countries across the world are deleveraging dollar in transitioning into a time tested store value asset.

Bred_Slippy

Another example would be exchanges which can technically allow users to sell more BTC than they actually hold in reserves. If an exchange doesn't have 1:1 reserves, they're effectively facilitating a form of naked shorting or fractional reserve banking (a la FTX; Mt. Gox). Once again, not saying this is actually going on en masse, but it's a possibility.

L00PYLL0YD

I'm sorry to hear about your brothers passing. Don't answer PM's from anyone, as scammers will exploit you. I guess it all depends if you want to hold for the future. 15K if in BTC is around 0.17 BTC in the USA or around 0.23 if its 15K GBP (Unsure of your country). That is a good stack of BTC, in the future that could be worth a lot of money. I would suggest researching Bitcoin and if you believe in it long term, maybe consider self custody in regards to holding it (Cold storage etc) as leaving large sums of money on an exchange is risky due to hacks and also the integrity of the exchange (Look up FTX, Mt Gox, Celsius etc). Good luck!

snower88

No problem. U are better off than me. I bought bitcoins and store them in FTX and Celsius. Never seen my coins ever again

MaximumStudent1839

Bottoming at $50K means it is off by 30% from its previous ATH at $69K. Even with FTX and all the shebang last cycle, BTC bottomed around 5% from 2018’s ATH. So the analyst is telling me BTC is going to see a worse performance than last bear market?

Known_Click

I still don’t get why are you guys all bearish for 2026 when there its literally no reason with QE around the corner. In 2022 bear we had QT, way less Global Liquidity, Rate Hikes, FTX and Terra Luna fiascos, Stocks were in the red too.

AutoModerator

Post is by: strategydossier and the url/text [ ](https://goo.gl/GP6ppk)is: https://youtu.be/Bbw15JpDuK4?si=7IQn_ml9279YWsqF ​Everyone knows FTX collapsed, but reading through the restructuring reports, the actual mechanics of how they moved the money without triggering alerts is terrifyingly simple. I spent the last week breaking down the flow of funds for a visual project, and here are the 3 key takeaways: ​1. The "Allow Negative" Flag Most exchanges have an auto-liquidation engine. If your account goes below $0, it sells your assets. Alameda had a specific hardcoded exemption in the FTX codebase (the "Allow Negative" flag) that effectively let them trade with infinite leverage. ​2. The Collateral Illusion They weren't just taking customer cash; they were minting FTT tokens out of thin air, marking them at market price (despite zero liquidity), and using that as "collateral" to borrow real customer deposits. ​3. The bank run wasn't the cause, it was the reveal. The hole existed for months. The tweet from CZ didn't break the exchange; it just pulled back the curtain on a box that was already empty. ​It’s a classic 1920s style bucket shop operation wrapped in 2020s tech. ​If you're interested in the visual breakdown: I created a short documentary style video visualizing this exact mechanism and the history behind it. ​Link to the strategy dossier: https://youtu.be/Bbw15JpDuK4?si=7IQn_ml9279YWsqF ​Curious to hear your thoughts—do you think decentralized exchanges (DEXs) actually solve this, or will smart contract risks just replace human fraud? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

paperlevel

Yes, President Trump and his family backing it was a big part, I didn't mention that because I knew it would trigger people, but the regulatory path was uncertain before Trump. Also the bad actors such as FTX SBF, Terra Luna, Bitconnect, and BTC clones like BCH, there was just too much uncertainty. When BlackRock launched the ETF I knew the tide was changing. I also like Michael Saylor, he explains it very well, even if he is "too bullish" I agree with most of his sentiment.

KJ2017

Ummmm no that’s a terrible saying for crypto. See it is your money but you’re at the whim of the medium . Exhibit A. FTX. Exhibit B. Voyager

AutisticGayBear69

He panic sold after the FTX collapse. Or maybe he was using leverage and got liquidated. Either way, not the brightest bulb in pack. Zoom out if you’re holding or set stop losses with leverage.

carlpocket

I feel we still haven't had a run. This bull was mainly MSTR and institutions front running everything. There wasn't an alt season. Sure XRP and Sol ran (but FCC and FTX made those make sense to go back to a normal price). Zcash recently ran. But almost everything else didnt come close to new highs (eth did get a few hundred above 2021). Many coins currently at 1 year lows. Its been weird seeing only bullshit memes from pump.fun run this cycle. I kinda feel alts been in a bear since last Christmas and we might see some start pumping early next year. If not it seems anyone here since 2017 or earlier would never touch an alt again.

worique

Was thinking the same, last cycle dump came with the FTX downfall, i’ve been thinking maybe this time AI bubble would be bottom signal of btc

coinfeeds-bot

tldr; The SEC has proposed settlement agreements for former FTX and Alameda executives Caroline Ellison, Gary Wang, and Nishad Singh, barring them from Wall Street roles for up to 10 years. These agreements include restrictions on securities transactions and bans on serving as officers or directors of publicly traded companies. Their cooperation was pivotal in the case against FTX co-founder Sam Bankman-Fried, who was sentenced to 25 years for misusing $8 billion in customer funds. The executives' testimonies were crucial in the trial and recovery efforts for creditors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

JDovah

Yeah, it’s likely it won’t drop as drastically as it did in the previous bear market, we’ll know in a year or so. We have to remember there were a bunch of black swan events in 2022. The Terra collapse, FTX bankruptcy, the Celcius collapse, and recession fears. I believe this is the reason BTC dropped so badly on the previous bear market. This was also the first time it dropped below the previous cycle’s ATH. It’s likely it would’ve bottomed at $25-30k without all of these events, but we’ll never know.

copyofa_

Retail is buying gold and silver. They got rekt last cycle by FTX

MrCalabunga

Since you mention FTX, I take it you also agree then with Trump's decision to pardon CZ and think that, too, was good for crypto?

No_Knee3385

I'm not referring to his memecoin, I'm referring to actual helpful acts like the GENIUS Act or the Executive Order. And the chances of her doing nothing with all of the things that FTX wanted to accomplish that would have ruined crypto. And yeah I get it, reddit is very left leaning, I expect no agreeance. Reality is, on 2 timelines, crypto is better off with Trump, regardless of the sentiment with his name, there's a reason every crypto company wanted him to win and donated to him

Queasy-Improvement29

Remember when the FTX around SBM hit hard and everyone said "this is it, it's over"? Now it's just a dent in the history of charts. Welp.

OffThread

Selling you a coin for 85K and buying up at the same time. It's FTX and 2022 all over again.

wavepoint

I think that turned out to be a lie. It was how SBF claimed to be successful and rich to get FTX seed funding. But in reality he had very little and spent investor funds almost from day one when he founded FTX. He was a fraud, not a genius.

ShillsWorstNightmare

Yeah cause of a huge FTX scandal. None of this has happened this cycle

Innit10000

Wrong. CZ did the same things for years but he evaded a competitor administering a kill shot the way he did to FTX at a vulnerable moment In Time by leaking their balance sheet

rose98734

Binance trying to cripple Hyperliquid because Hyperliquid is a competitor? (2022 was about Binance taking down FTX...)

sngsam4

Well maybe, but so far they are doing right. I guess we would have saw they are liars around the FTX crash when there were a lot of usdt redeeming... I guess you know their webpage about transparency and reports https://tether.to/en/transparency/ To be fair last I checked was a few years ago. An also the tether fud I stumbled upon through the year were all (yes) misleading once you start to read beyond a twitter screenshot - i mean when you get the pdf and read what the fud is about. I'm not endorsing but I don't think it's a fraud Plus if you think of it, it's really an easy and clever business: you take a µ each time someone wants USDT for USD or the opposite. Easy, clever and profitable business. I honestly guess it would be hard to make it go south

pop-1988

Their trading company Alameda had a profitable period. The profits are described in the Michael Lewis book about FTX There was an international price distortion between the price of Bitcoin in America and the price of Bitcoin in Korea - 20% higher in Korea. The distortion persisted because it couldn't be exploited. Strict limits for moving fiat out of Korea prevent a money cycle - after selling Bitcoin for USD for 20% profit in Korea, only small amounts of USD can be sent back to America The FTX/Alameda traders discovered a 25% distortion between Korea and America for Ripple So they set up a trading cycle - Buy Ripple in America, send Ripple to Korean exchange, sell Ripple for KRW, buy Bitcoin for KRW, send Bitcoin to America, sell Bitcoin for USD. The profit is 5% - the net of the 20% Bitcoin price distortion and the 25% Ripple price distortion. They automated the cycle, executed millions of trades per week,earned $40m profit in a month Eventually, the arrival of competing traders closed the two Korean price arbitrages. Alameda never made another cent

Every_Hunt_160

SBF's biggest achievement was not making FTX the 2nd biggest exchange in the world at one point, it's successfully PINNING THE WEASEL

Academic_Attorney996

ETF is a paper bitcoin. They hold your keys, just like "Ben Freeman" FTX collapse. This will be another FTX 2.0 coming. Don't say I didn't warn ya.

shot-by-ford

I absolutely believe women get way more lenient sentences. And I believe race plays a factor too. But in Caroline’s case and FTX in general, I think sentencing was tougher than usual given all factors, not less tough. Plenty of fraudsters serve only a year or two and that’s without cooperating or confessing.

shrewsbury1991

Crime pays if you are a rich white woman, meanwhile there are still people trying to recover from the FTX fisasco and you bet that it's affected their lives longer than the pity 11 month sentence she has served. 

coinfeeds-bot

tldr; Caroline Ellison, former co-CEO of Alameda Research, has been moved to a halfway house after serving 11 months of her two-year sentence for her role in the FTX collapse and misappropriation of $8 billion in customer funds. Her transfer from Danbury Federal Correctional Institution occurred on October 16, 2023. The decision to reduce her sentence was influenced by her cooperation during Sam Bankman-Fried's trial. Her current location remains undisclosed for privacy and security reasons. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AutoModerator

Post is by: NilNow and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pp6xkk/maybe_not_the_worst_time_to_buy_alts/ I’ll admit i didn’t have 2022 FTX-crash levels for alts on my bingo card for end of 2025. But i do think it’s somewhat plausible that many of these coins down 90% from last year won’t have back-to-back years that bad. Especially with the end of QT and possibly improving liquidity conditions. This isn’t to say go buy microcaps and meme coins, but even many of the “blue chip” alts are as low as they got last winter. And so many of the bearish headwinds from that era aren’t in play now. This seems somewhat overdone? Thoughts? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Full-Sound-6269

If AI thing bursts, it's going to be a little bigger than FTX collapse.

fan_of_hakiksexydays

You've been in crypto in 2019, and you think this is beyond brutal? You must have forgotten the Hash Wars, the Luna Crash and the FTX collapse. What we see now is a drop in the bucket in comparison.

admin_default

It’ll be a slow burn, but 2026 is gonna be brutal for anyone still holding. The only question is whether the AI bubble also pops at the same time. If it does, then we could see a crash comparable to the FTX collapse of 2022. Time will tell.

FOMOmeterCrypto

Binance isn’t just an exchange, it’s basically the biggest MM hub by influence. Liquidity, leverage, funding, listings, flow. That’s the game. Any CZ headline and price twitches cuz perps + liq cascade Couple tweets basically killed FTX. Couple moves and you get the biggest liquidation event in ages like Oct. So what “death” are we even talking about. Until liquidity actually leaves and the book dries up, Binance isn’t dying, it’s the switch the whole market reacts to

Original-Ad4399

We'll be seeing 50k if we have an FTX like event.

Easy_Ad_9449

Fuck Binance and CZ, they're a disease to crypto. I have no idea how any can chill them after FTX and 10/10

Patient-Bumblebee

It doesn't have AI trading and UI looks like shit. I dunno why anyone uses it except for trust reasons (but FTX like scenario can happen to them as well).

Barbarian_

Fuck mtgox, FTX and Binance.

piggleii

Were you here for Terra LUNA or FTX? Those were pretty epic.

cyberaholic

$17K during the FTX implosion in Nov 2022

BoratOhtani

While agree that this feels very December 2021 ish- and trust me I know! I was bag holding LRC back then with all the GME hype. It was year 2022 when crypto really collapsed with all the negative crypto events like the Russia invasion, Luna collapsing then SBF/FTX. Not saying there won’t be any negative crypto events happening in 2026, so I guess we’ll see,

Benzo_Head

MSTR is a huge ponzi scheme, not even good for Bitcoin. I think it will end up like the new FTX or LUNA

jawni

>Polkadot has the most active developer community right behind Solana. Yes, it's user base is very low, but they've been building infrastructure. And it's been like this how many years? Solana's development led to usage, almost instantly. I think this is very much apples to oranges. >There's a lot of FUD around this project, there was also a ton of FUD around Solana when it was trading at $4. At $4, Solana was still relatively unknown. It didn't face major FUD until the bear market/FTX crash and outages happened. And neither of those things had any lasting negative effects beyond reputation. Again, I think this is apples to oranges.

Archophob

6 years ago means 2019, before the pandemic. Maybe 3500 was the price back then and 1000 the amount invested, so she has about 0.3 BTC. Unless the platform where she bought was FTX. Then, it's gone.

richardto4321

Sure, the possibility is there, but it's easy to forget that it would require another Celsius, BlockFi and FTX-like meltdown to get to the same degree of drop as in 2022. Or another global pandemic. I guess anything could happen and we just have to place our bets based on what we think is most likely to happen.

Rayl24

8 million is a lot? FTX lawyers coated 1 million a DAY!

partymsl

FTX/Crypto.com on steroids incoming

KiNg-MaK3R

This is exactly what I did 5 years ago. Was way too allocated during the bull run and FTX crash and almost had an ulcer. back to 50/50 for me.

YoungBassGasm

Trump is not gonna pardon the only ultra liberal in the space who campaigned against him wtf lol. SBF is a known trump hater and also set aside funds within FTX to take him down.

BigMasterpiece8588

That's pretty fascinating. I wonder how many customers would have potentially not used FTX if they had included that clause?

pop-1988

He was over-quoting the value of FTX's internal token, FTT to avoid admitting bankruptcy and keep trading. At the same time he was desperately trading to try and pump the FTT price. Creditors were lucky to only lose 30%

pop-1988

SBF's co-conspirators got even lighter sentences, for their guilty pleas and for giving evidence in his trial > He claimed FTX just had a liquidity crisis not actual fraud Nonsense. He claimed a liquidity issue when the bankruptcy was imposed At trial, the main fraud was that FTX's T&C states that customers' funds will never be used for other purposes. FTX executives were borrowing from customers' deposits to fund their trading losses in their other business, Alameda. SBF tried to justify borrowing customers' funds because there's another T&C clause allowing FTX to move funds around as necessary If the FTX T&C didn't have the clause about not using customers' funds, it would have been legal There was a separate fraud - public announcements that FTX had an "insurance fund", and announcements specifying the amount in the insurance fund. The amounts being announced were calculated correctly, but the fund didn't exist

SnooPandas6412

If I remember right from *Going Infinite*, most FTX bagholders actually ended up getting almost all of their principal back. Yeah, if you adjust for inflation they still lost, but it’s not a total black hole. Compare that to Do Kwon’s victims — their odds of recovery are basically 0. This is the guy who talked big about “making people whole,” spun up LUNA 2.0, and then instantly sold his entire stack right after launch. That’s not a mistake, that’s who he is. And yet the universe decides he gets the lighter sentence. That’s the kind of irony that makes you root for absolutely nothing good happening to him behind bars.

AutoModerator

Post is by: hodorrny and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pkhhfy/do_kwon_just_got_sentenced_to_15_years_for_a_40/ Kwons Terra-Luna collapse caused nearly four times more financial damage than FTX but he got 10 years less prison time. The judge called it fraud on an epic generational scale with hundreds of thousands of victims worldwide. So why the lighter sentence? The biggest difference was how they handled their cases. Kwon pleaded guilty in August and took responsibility. He wrote to the court saying he was responsible for the pain people went through and that he led the community astray in his hubris. He listened to hundreds of victim impact statements and apologized directly. SBF on the other hand went to trial and maintained his innocence throughout. He claimed FTX just had a liquidity crisis not actual fraud. The jury convicted him in about four hours. Judge Kaplan found that SBF committed perjury multiple times on the stand and called his testimony some of the most evasive he’d seen in decades. SBF also tried to tamper with witnesses before trial by messaging FTXs former general counsel. Another huge factor is Kwon faces up to 40 additional years in South Korea after he finishes his US sentence. The judge explicitly considered this when deciding on 15 years. SBF doesnt have any foreign charges waiting so his 25 years is basically it unless his appeal succeeds. The takeaway here is pretty clear – cooperation and actual remorse can massively reduce your sentence even if your fraud was way bigger. Going to trial and lying under oath will get you hammered regardless of the dollar amounts involved. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

CriticalCobraz

**Summary:** Terraform Labs co-founder Do Kwon faces sentencing in Manhattan for fraud related to the $40 billion collapse of TerraUSD and Luna cryptocurrencies in 2022. Having pleaded guilty to multiple charges (including commodities and securities fraud) for misleading investors about TerraUSD's stability, prosecutors are seeking a 12-year sentence, while the defense requests a maximum of 5 years. Kwon has agreed to significant financial penalties, including forfeiting over $19 million and a civil settlement with the SEC totaling more than $4.4 billion, with an $80 million personal penalty and a lifetime ban from crypto activities. The sentencing is a landmark event that will signal how US courts handle large-scale crypto fraud, as the collapse was a key catalyst for subsequent failures at companies like FTX and Celsius.

Confident-Tank-1036

That's stupid do it straight when you start. It's 50 bucks for a cheap trezor or just be smart create a non costodial wallet. Echanges will fuck you over anyways (don't argue these are facts wait till you get busted you wish you had that 2000 offline) FTX Coinbase crypto I had them all. Didn't lose that much but still worth mentioning. When THEY decide they don't like you your account is frozen and funds are GONE. Its what they call CUSTodial wallet

fairlyaveragetrader

You guys consider 30k early? 😂 Just this cycle, not even people who held from the previous site, 30k was when you stopped buying. You bought the FTX crash, 15 to 25k was your accumulation zone and by 30 you were clearly in the hold zone with a target of 69k to lighten up some and most of the rest by 100k. This was a pretty popular trade

Ryanopoly

>⁠MSTR and the flywheel leverage default risk. This will be the next FTX event, and pretty much the end for value in the cryptocurrency market besides quick buck memes and scams going forward of course.

Future_Ad863

I mean about the network itself, blocks continue to get mined every 10 minutes flawlessly, fundamentals remain unchanged…etc. No Mt Gox or FTX type news, just people getting scared

Veganarchyst

It's Celsius / FTX all over again, but on a MASSIVE scale Manipulation holding the price down Now that we have the fox in the hen house (the banks and financial system) they will do anything they possibly can to keep the price where THEY want it. Whatever benefits THEM and doesn't benefit anyone else

harvested

C'mon. It's not the halving. It's macro. Last 'cycle' was fueled by record covid printing pumping all risk assets, and all were chopped down and entered a multi year bear that was triggered by the feds aggressive tightening schedule. I don't know how people can't seriously think the halving affected things like ARK or Google and other tech stocks that all melted at the same time. Bitcoin was accentuated by all the fraud and corruption from last cycle unwinding FTX, 3AC, Genesis, etc. To attribute this to the halving is some serious midwit shit.

PresentLiner

Been using CoinStats since Blockfolio collapsed along with FTX app. Tracks practically EVERYTHING I can think of - all my wallets, CEX data and my DeFi positions on Uniswap and Hyperliquid perps.

quintavious_danilo

Mt.Gox and FTX customers might disagree

AutoModerator

Post is by: FlamingoPractical625 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pia03j/so_in_crypto_markets_how_many_criminals_are_in/ I can think of a few. FTX - Sam bank man - long time gonna be in jail. Terra - Do kwon - 25 years in jail. Safe moons john karony - 45 years jail? I know i am missing some big names here.. Any others guys? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

KiNg-MaK3R

Once you get to a certain point, you are simply stacking. I know bitcoin will be $1M one day. Is it 3 years or 10 years? Who knows. But we got past the FTX crash, and got the spot ETFs approved in USA. The rest is just slow falling dominos. I’ll start to spend my bitcoin when it’s zero tax, considered a currency, and widely used by common people. I honestly think we are less than 10 years away from that. It’s coming.

Confident_Section568

Piramide schemes are always stable untill they are not FTX looked stable untill it wasnt TERRA LUNA looked stable untill it wasnt I know its not the same but you get my point The whole idea of Microstrat is just weird Companies making profit buying BTC is a whole different story

Awkward_Potential_

Thanks for the summary. It's extremely premature imo. If Bitcoin pumped 25% tomorrow, as we all know it could, you'd see all the same hot takes about infinite money glitches and stock all time highs. The same people who are grave dancing now were laughing at Saylor when FTX happened. He bought that entire bear market.

AutoModerator

Post is by: an_jesus and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1phkivi/unpopular_opinion_the_next_defi_collapse_is_100/ Everyone screams "Black Swan" after every crash. Luna? "Nobody could have known." FTX? "Unprecedented."Bullshit.I built a model that flagged Terra/Luna's collapse 5 days before it happened. Not luck - physics.The dirty secret: DeFi protocols aren't complex - they're FRAGILE. And fragility has a mathematical signature:When (Structural leverage × Information opacity) > 0.75, collapse probability doesn't increase linearly - it goes exponential.Why nobody talks about this: "Nobody could predict it" = perfect excuse for bad risk managementTransparency kills narratives (and bags)Actual math is harder than "WAGMI" memesWhat the data shows:2008 banks: Σ breached 0.75 in Aug 2007 (13 months early warning)Terra/Luna: Σ = 0.85 on May 2, 2022 (5 days before depeg)COVID crash: Σ = 0.86 on Mar 9 (before -50% dump)Right now? Some protocols are showing Σ > 0.65. Not naming names (not financial advice), but the data is public. Paper with full methodology: zenodo.org/records/17805937 CMV: If you're still treating collapses as "random events," you're going to keep getting rekt. [Flair: DISCUSSION] *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

quintavious_danilo

FTX all over again - and you are surprised?

Aggressive_Spell2314

Oct. 10th was a crash. You must be new. Covid crash: $1.2B in liquidations FTX crash: $1.6B in liquidations October 2025: $19.31B in liquidations

phoebecatesboobs

Let’s say they go into bankruptcy protection. In the past what has happened is court proceedings take so long that the assets end up being worth significantly more. This happened to Mt Gox and FTX for example. They wouldn’t be dumb and dump it all at once, and they may only need to sell a small amount of their overall holdings. If you think this is wrong, then why would it turn out differently for Strategy?

tx_brandon

Straight up for a year after FTX crash? Naw, that's not what happened. A 22% pullback late Feb to early March isn't straight up. Plenty of wise people loaded up on the 22% pullback. Got another 20% pull back from April to June 2023. Then another from July to September. Don't shoot the messenger.

KiNg-MaK3R

This. This is exactly why you DCA. When Bitcoin bottomed out with the FTX crash, it basically went up straight for more than a year. I bought during this time every month and I can’t tell you how many people said they’d buy once Bitcoin got under $10k. There are so many memes of people waiting for $10-12k during that period. Loading up while it was going up from $20k to $40k seemed dumb to many people at that time. Now you are buying sub $90k dips and think it’s a steal. Hope this helps everyone. DCA is your path to sanity.

Veganarchyst

It is bizarre to me that 99.9% of all Bitcoin "influencers" and YouTubers and BTC dabblersetc tell us that "it is necessary" for Bitcoin to be accepted by the banks and financial institutions and government, when Bitcoin is LITERALLY created to be the opposite, to be against that system to be the opposite of everything capitalism and corporate finance and banking is about I have disagreed with all of them from the get go And this is why The only way Bitcoin will function as it should and was created to do, is if retail acceptance comes back in and takes over, but retail is at the largest FEAR index it's ever been (probably rightly so), and the average person thinks Bitcoin is "too expensive" now, even though we are at such an early time But if retail doesn't come back, and it looks like it's not going to, the way financial systems work, they gobble up and modify and manipulate everything for their own use and wants, and all we will have is more corporate capitalism companies like Celsius and FTX who will manipulate the market, sell paper coin as if it's real, find clever ways to turn everything against the average person And we look like we are already 70% of the way there now Once they ingrain their systems, it won't go back

elidevious

4. Banking pressure: “Operation Choke Point 2.0” You’ve probably heard this phrase. The claim: Federal bank regulators quietly pressured banks to “de-risk” crypto clients, echoing the Obama-era Operation Choke Point against disfavored industries. Evidence: • Commentators like Nic Carter documented a pattern of supervisory guidance and backchannel pressure from Fed, FDIC, and OCC, discouraging banks from serving crypto firms. • After Silvergate, Signature, and SVB collapsed in 2023, reports noted that the FDIC required Signature’s buyer to drop most of its crypto deposits, feeding the narrative of a coordinated crypto banking crackdown. • FDIC correspondence later surfaced that explicitly treated digital-asset activities as elevated risk, giving more credence to the “Choke Point 2.0” framing. Formally, regulators say they’re just enforcing risk management. Practically, many banks concluded, “Crypto = not worth the supervisory heat.” That’s a soft ban in all but name. ⸻ 5. Sanctions, AML, and the war on privacy tooling Tornado Cash sanctions On August 8, 2022, Treasury’s OFAC sanctioned Tornado Cash, adding smart contracts to the sanctions list — the first time open-source code infrastructure itself was directly targeted as a sanctioned “entity.” • OFAC alleged Tornado Cash was used to launder over $7B, including hundreds of millions stolen by North Korea’s Lazarus Group. • This raised huge civil-liberties questions: if immutable smart contracts are “sanctioned persons,” is using privacy tech itself a potential violation, regardless of intent? Crypto users and developers sued, arguing OFAC exceeded its authority. A federal appeals court later rejected the sanctions as applied, finding they went beyond what the underlying statute allowed. But for most of Biden’s term, Tornado Cash was under a cloud of sanctions, developers were arrested/charged, and using mainnet privacy tools felt legally radioactive. Broader AML enforcement Alongside Tornado Cash, there were stepped-up actions against: • Exchanges and platforms with inadequate KYC/AML • Mixers and DeFi projects alleged to facilitate sanctions evasion and cybercrime ⸻ 6. Stablecoins: treated as proto-shadow-banks The President’s Working Group on Financial Markets (PWG), together with FDIC and OCC, issued a major stablecoin report in Nov 2021: • Highlighted risks of runs, payment-system disruption, and concentration of economic power. • Recommended that only insured depository institutions (i.e., banks) be allowed to issue “payment stablecoins,” and that Congress urgently create a comprehensive federal framework to regulate them like banks. So from the administration’s own working group: “Stablecoins should be bank-like and under bank-level regulation.” That’s not a ban, but it is a big red target on the current stablecoin model (Tether, USDC, etc.), and an invitation to clamp down until they look like regulated bank deposits. ⸻ 7. Mining & environmental angle The OSTP/White House climate report didn’t just analyze; it recommended tools: • Track mining locations, electricity use, emissions, and e-waste • Consider energy efficiency/performance standards • Potentially limit or restrict high-emission mining operations if they conflict with climate goals Combined with state-level moves (e.g., New York’s partial moratorium on certain mining operations), this reinforced the idea that Bitcoin mining, in particular, was fair game as an environmental target — even as many miners argued they were using stranded or renewable energy. ⸻ 8. Tax enforcement emphasis While the IRS first labeled crypto “property” back in 2014, under Biden: • The infrastructure bill’s reporting rules (see §1) were explicitly sold as addressing the “tax gap” in digital assets. • Treasury and IRS repeatedly flagged crypto compliance as a priority area, and IRS got more funding under the broader push to beef up enforcement across high-income and complex assets. ⸻ 9. Big picture: was it a “war on crypto”? If you zoom out: • Narrative from the administration side: • Crypto is mostly speculative, rife with fraud, environmentally risky, and a potential threat to financial stability and sanctions enforcement. • Therefore: heavy enforcement of existing laws, tighter tax reporting, banking supervision, and exploring stricter stablecoin rules. • Narrative from the industry / Bitcoiner side: • SEC refused to write clear rules while suing everyone. • Bank regulators used soft power to de-bank the industry (“Operation Choke Point 2.0”). • The White House’s own reports and rhetoric were openly hostile, not neutral. • Privacy and self-custody tools were treated as suspect by default (Tornado Cash being the poster child). You can call that “prudential oversight” or a “war on crypto,” depending on your priors — but in practical terms, scrutiny and friction massively increased during Biden’s term, especially 2021–2023 after the bull peak and ensuing blowups (Terra, Celsius, FTX, etc.).

TechnologyMinute2714

Bro's going to be like those that shorted, aiming for $13k when FTX collapsed then get liquidated because he's waiting for the doomer scenario not realizing his midwit take on MSTR isn't short term nor enough to counter the upcoming massively bullish macro environment in the global economy.

Sonu201

Criminals are mostly using crypto for money laundering. Now if he took $500 mil from criminals and fled, it is not going to end well...so don't "invest" your hard earned money in crypto...its stupid pension funds are now "investing " in this scam, Ontario teachers pension plan lost $120 M in FTX...the fund manager needs to be fired!

Additional_Cash_3357

I appreciate the reasons you feel Bitcoin feels like a revolution in “trust” and “freedom,” but the real-world track record doesn’t support that story. “Trustless” in theory just became new things to trust in practice: * Exchanges like Mt. Gox, Quadriga, and FTX: billions evaporated because people still needed middlemen. * Mining pools + core devs: a tiny group ends up steering the whole network. * Whales: a handful of wallets can tank the price on a whim. You've replace trust and handed it over to actors with zero accountability. And that "freedom" part? Ask anyone who lost coins to a hack or mistyped a seed phrase. There’s no protection, no reversal, no recourse. The freedom is basically “you’re on your own.” Great until something goes wrong. "**your wallet, their money"** Meanwhile the wealth distribution is wildly unequal. The top wallets control the vast majority of supply. If anything, Bitcoin created a more concentrated, opaque elite than the banking system it claims to replace. Bitcoin just replaced familiar ones with unregulated ones that answer to nobody. You've been hoodwinked with slogans and bullshit, all the while the old regime has been replace with the new one. These guys are the real "globalists."

B1ggusDckus

Dumping? Tis a minor correction. You probably weren't around for the FTX or Covid 19 crash for that matter.

Awkward_Potential_

If they want to be the next FTX they can try. But people figured out sam pretty quickly.

ualdayan

I wouldn’t, but then I remember Celsius offering bonuses before they suddenly froze withdrawals and declared bankruptcy. I thought it would be better to spread it around last cycle — don’t put it all in one basket - so I also had some at Blockfi, FTX, Nexo (ironically the one I considered the least trustable and put the least in). I even thought let’s try DeFi - borrow against some Bitcoin and put it in UST for yield. Yeah - not doing that again. Never again am I going to chase yield or ‘bonuses’ on Bitcoin.

na3than

Who cares? Anyone who got suckered into similar get-something-for-nothing products and promotions from Celsius, FTX, BlockFi, Voyager, Genesis and others that ultimately imploded and took their customers' assets down with them.

Archophob

Not your keys, not your coins. If you have some prepper mindset, you will want to be prepared in case the exchange of your choice goes the Mt.Gox or FTX route. If you don't have this prepper mindset, why bother with bitcoin in the first place? Just let your financial advisor pick some stocks for you, and pray that nothing goes wrong.

zenecence

I lost 0.1 BTC held on FTX. Good luck.

urbangamermod

I can imagine, you must be brave to go through all that volatility for so many years and haven’t sold during that period. I only endured one brutal bear market which was the FTX collapse. I started in 2020-2021? I never sold but at the same time I didn’t aggressively buy either, I only DCA’d :/ wished I bought more in bear market but oh well.

crunchyeyeball

If you are able to follow the instructions and recommendations that come with cold storage, it's perfectly safe. If you're the kind of person who will ignore those instructions and hand over your seed phrase to the first scammer who emails you about an "urgent security update", maybe the ETFs are a better option. If you really want to leave it on an exchange, ask yourself whether they'll will one day be added to this list: |Exchange/Service|Year Failed|BTC lost| :--|:--|:--| |MtGox|2014|850.000| |FTX|2022|150.000| |Blockfi|2022|| |Celsius|2022|| |QuadrigaCX|2018|76.000| |Cryptopia|2019|| |Bitgrail|2018|| |Youbit|2017|| |Einstein|2017|| |Cointed|2018|| |Bitcoinica|2012|43.000| |Vircurex|2014|| |Coin.mx|2015|| |BTC-e|2018|| |Cryptsy|2016|13.000| Not Your Keys, Not Your Coins. Nobody thinks it will happen to them, until it happens to them.

joannew99

Coinbase Advanced Trading option for lower fees Sorry, but since 2022 I’ve seen huge exchanges that even had nationally televised commercials go under (Voyager, FTX), I’ve seen exchanges stop serving regions (Binance) and I’ve seen exchanges lock services for users in certain regions with months notice (Gate.io). Coinbase is a publicly traded company and survived CEX-DeFi Summer 2022. I trust them more than others. And also Kraken.

NerdFarming

Not Voyager, Celsius, Block Fi, or FTX. You're welcome.

ConcernSquare2474

This is the first step, next step is to introduce krakens own utility token, ultimate step is when liquidity is tight, only pay out utility token for rewards and refund. Anyone remember FTX and FTT? Nah just kidding, but this needs to be monitored pretty close. Thanks for sounding the alarm.

mzking87

In 2022 crash was caused by historical rate hikes, FTX and Teraluna collapses etc, not but drawing lines on a chart. So unless you are predicting another significant macro event I don’t see where you getting the collapses to $30k from.