Calling Sam Bankman-Fried the "poster child" of crypto "shitcoinery," Bitcoin maximalist Michael Saylor argues that the parts of the digital asset world who should know better helped lead unsophisticated investors off a cliff.
Which gave Saylor, who as CEO turned business software firm MicroStrategy into a huge Bitcoin investor and proponent of Bitcoin as digital gold, the opportunity to go for an "I told you so" run. "Sam scraped billions from unsuspecting investors in Silicon Valley. They should have known better. He took billions from crypto hedge funds and crypto banks like BlockFi and Voyager — they should have known better. And then he took probably $10 billion or more from depositors on his exchange — they have the best argument. They were staring at terms and conditions that said he's not going to rehypothecate or use their assets.
The FTX house of cards explains why he bailed out BlockFi and tried to do the same for Voyager Digital earlier this year, Saylor said. By taking over the companies, he could avoid paying back loans, allowing him to "roll the entire fraud forward," he added. But a mainstream bank would only give a tiny fraction of the value of traditional stocks used as collateral, he said — only enough that dumping it on the market would not cause the price to collapse.
well as a professional I was smart enough to prepare for this bear run, in actuality I didn't lose a dime on btc bitcoin .. want to know how dm me and I'll tell you for free.
Hope we do not see a government bailout for FTX investors like in the Madoff case.
What about the 'diabolical' Bitcoin Maxey, Michael Saylor trying his best to wipe out billions by wrecking every single crypto project not called Bitcoin
Keep Qom like a diamond and love it COMMUNITY QOM2QOM BIRDSEASON ShibaPredator theflippening flipshib qomspiracy 100×SHIB
Scam Bankman-Fraud deserves a life sentence. Period.
Don’t forget about $ckb 👀
I advice y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. The market is very unstable and you can't tell if it's going to continue bearish or bullish.
What exactly is it that this guy keeps doing?
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