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Cryptocurrency Thread
Free Vulcan:
Third Crypto Boss Dies in Helicopter Crash
And now Vyacheslav Taran, 53, the co-founder of trading and investing platform Libertex, has died in a helicopter crash near Monaco after taking off from Switzerland.
Questions have arisen on how the crash occurred on a day with blue skies and clear weather.
https://www.thegatewaypundit.com/2022/11/third-crypto-boss-dies-helicopter-crash/
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Activating Gibbs Rule #39 here.
Kamaji:
--- Quote from: Free Vulcan on November 30, 2022, 12:15:58 am ---Third Crypto Boss Dies in Helicopter Crash
And now Vyacheslav Taran, 53, the co-founder of trading and investing platform Libertex, has died in a helicopter crash near Monaco after taking off from Switzerland.
Questions have arisen on how the crash occurred on a day with blue skies and clear weather.
https://www.thegatewaypundit.com/2022/11/third-crypto-boss-dies-helicopter-crash/
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Activating Gibbs Rule #39 here.
--- End quote ---
Whoa!
catfish1957:
--- Quote from: Kamaji on November 30, 2022, 01:02:10 am ---Whoa!
--- End quote ---
I think heads of Crypto outfits has replaced #3 of Al-qaida as the most dangerous job in the world. :cool:
Free Vulcan:
Winklevoss Crypto Firm’s Employees Saw the Disaster Coming
Marketing materials depicted a tantalizing opportunity: Users of Gemini—the cryptocurrency exchange founded by identical twins Cameron and Tyler Winklevoss—could hand over their digital assets to a product called Earn. The assets would then be loaned out, generating returns as high as 7.4 percent per year. Feeling nervous? Gemini promised investors they could redeem their crypto “at any time…plus the interest you’ve earned!” To some, this gave the impression that their money was safe.
That apparently wasn’t the case. On Nov. 16, the company announced that amid fallout from the crypto exchange FTX, its lending partner, Genesis, had “paused withdrawals,” thereby locking up customer assets. The Financial Times subsequently reported that Genesis owed Gemini’s clients a staggering $900 million.
Multiple former Gemini employees told The Daily Beast that the company downplayed Earn’s riskiness from the outset.
“Gemini definitely sold it as like, ‘It’s hassle-free. It’s easy. Get your crypto back right away, no delays,” said Nick Fuhrmann, who worked as a senior data engineer at Gemini until November 2020, while the product was being developed. “It kind of came across as less of a risk, at least to me.”
https://www.thedailybeast.com/winklevoss-crypto-firms-employees-saw-the-disaster-coming
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But yeah man, we're so much younger and cooler, with crazy hair, and we play video games, so we don't have to play by any hard and fast financial rules.
Free Vulcan:
REPORT: Crypto Exchange Binance Sees Mass Withdrawals As Industry Panics
Crypto exchange Binance is experiencing mass customer withdrawals as the company’s finances remain uncertain and the crypto industry faces turmoil.
Binance has seen net outflows of $1.6 billion over the past 24 hours, compared to $1.9 billion of net outflows last week, according to The Wall Street Journal. CEO Changpeng Zhao (CZ) said on Twitter that there has been an increase in USDC withdrawals, a crypto “stablecoin” tied to the U.S. Dollar.
https://dailycaller.com/2022/12/13/binance-s-f-ftx-mass-withdrawals-crypto-chanpeng-zhao/
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