"The industry is facing this crisis of legitimacy," says Madeline Hume, an analyst at Morningstar.The continued fallout over the collapse of FTXToday, the company is bankrupt, and hundreds of thousands of customers are desperately trying to recover money that seems to have disappeared. Wall Street's top cop, the Securities and Exchange Commission, alleges Bankman-Fried"orchestrated a years-long fraud.
Other companies have suffered, including Silvergate, a bank that caters to crypto companies. In the fourth quarter, it posted a net loss of $1 billion.
He has $40k of my retirement money. It’s on my balance on ftx I can’t withdraw. Fry the piece of poo
No hard assets that back crypto makes crypto foolish
They new what they were doing and did not care about your investment
4 things because the environmental impact was not mentioned...
Fools and their money are soon parted.
Bitcoin is not crypto. Crypto is not bitcoin.
It's a garbage pyramid scheme. Finish it.
Jail time for certain people?
Crypto: the worlds largest Ponzi scheme.
The future of finance is exactly the same as its past at least as far back as The Napoleonic wars, large scale fraud on the consumer.
APE AMC The SECGov is a corrupt American agency that is purposely working with criminal hedge funds to steal BILLIONS from retail investors daily. The corrupt entity must be disbanded, as well as the corrupt head of office GaryGensler WE WILL REMEMBER THE CRIMES NewYorkFBI
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