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FTX update: Sam Bankman Fried arrested

hmt5000

Legendary
Founder
Joined
Dec 10, 2020
Messages
6,570
Now this guy is the “most humble” crypto billionaire

View attachment 148988
He is one of the guys that apparently went in on Bankmans ass. He got investigated by the SEC and FTX didn't and they used that in sales pitches. Im clearly not on that life but apparently, he and his friends started a cash out ploy to prove he didn't have the money he said he did.
 

MalO

Elite
Joined
Nov 15, 2022
Messages
707
If you have the time check out the GME DD library:
https://fliphtml5.com/bookcase/kosyg

And you can also learn more at:
https://www.reddit.com/r/Superstonk/

I only mention this because they are following FTX there too. The rumor is that a lot of short sales were somehow turned into tokenized security offerings (TSO's) which were being sold at FTX. The short sellers would hedge their bets by buying these TSO's but the TSO's were themselves shorts, not longs.

So they hedged their shorts with shorts. Brilliant.

So yeah they're expecting a short squeeze. Have been for quite a while, but with FTX blowing up it's looking more likely.
 

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