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Crypto Twitter Bashes FTX (FTT) – El Salvador’s Bukele and Billy Markus Fire Shots at SBF

As the FTX massacre continues to count bodies in this crypto winter, FTX former boss Sam Bankman-Fried keeps getting roasted on Twitter. Firstly, El Salvador’s...
Crypto Twitter Bashes FTX (FTT) – El Salvador’s Bukele and Billy Markus Fire Shots at SBF © Reuters. Crypto Twitter Bashes FTX (FTT) – El Salvador’s Bukele and Billy Markus Fire Shots at SBF
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As the FTX massacre continues to count bodies in this crypto winter, FTX former boss Sam Bankman-Fried keeps getting roasted on Twitter. Firstly, El Salvador’s President Nayib Bukele remarked that “Bitcoin’s (BTC) protocol was created precisely to prevent Ponzi schemes, bank runs, Enron’s, WorldCom’s, Bernie Madoff’s, Sam Bankman-Fried’s.”

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On the other hand, SBF started his Monday morning with a couple of awkward tweets. “What” and “H.” It seemed like the notorious FTX founder got arrested in the middle of a sentence. On top of that, popular Twitter parody account “Greg” answered back with “When” and “D.”

The moral conduct of SBF was also questioned by Dogecoin (DOGE) founder Billy Markus, a.k.a Shibetoshi Nakamoto, who weighed in on the situation: “This sums the last week up”, only to be followed by Twitter CEO Elon Musk’s “Damn!”.

Bahamas Police Goes Ballistic On FTX

FTX went quickly from the second largest crypto platform around the globe to ruins, with an economy in dire straits. Today, The Royal Bahamas Police Force joined forces with the Securities Commission of the Bahamas (SCB) to launch a probe on FTX and Alameda, right after SCB froze the digital assets of FTX on Thursday. Besides, the embattled FTX crypto exchange signed the papers for Chapter 11 bankruptcy on November 11th, 2022.

Crypto World Faces More Confrontation

As if that wasn’t enough, FTX platform’s native token FTX (FTT) hit the skids today with 24.4% in the red, right after being delisted by Binance and unranked on CoinGecko. However, the Estonian crypto platform WhiteBit did a number on Binance today by announcing their intention to delist BNB (BNB). Previously, Tallinn-based WhiteBit made a name for themselves when they bought the Eurovision Song Contest Trophy from Kalush Orchestra for a generous $900,000.

At press time, FTX (FTT) trades at $1.44 according to CoinGecko. This marks a 93.6% deficit in the last seven days, with the FTX breakdown resembling a scene from The Office. Addressing this, Sam Bankman-Fried dropped a few hollow apologies on Twitter and promised to “do right by users.”

On the Flipside

  • Today, FTX received over $1 billion in USD Coin (USDC) from Crypto.com for relief, according to popular crypto influencer Mr. Whale.
  • Vitalik Buterin, the co-founder of Ethereum (ETH), agrees that SBF deserves getting roasted, but also addressed emotional issues the fallen enterpreneur might be facing.

Why You Should Care

FTX filed for Chapter 11 bankruptcy on November 11th, 2022, citing $1.7 billion of clients’ funds missing. Many popular cryptocurrencies were affected by the breakdown, including Bitcoin (BTC), Solana (SOL), DOGE, and others, with another $477 of what was left of FTX’s funds hacked on Saturday morning.

Find out more about the staggering collapse of Sam Bankman-Fried’s FTX Empire:

“I am Sorry…Should Have Done Better,” How Much Of SBF’s Apology Is Sincere?

US Justice Department and SEC are Investigating the FTX Crisis

See original on DailyCoin

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
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SJC 99,99%7,370/ 7,470
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