FTX customers finally getting paid back - but at 2022 prices WTF

[Btcalysis]

wait they're dumping 11 million sol?? when exactly? want to short that shit

@CryptoBoss March 1st release according to the docs. But might be OTC sales to minimize market impact. They've been careful about not crashing markets during recovery.

 

[goxeme]

lmao gas fees to liquidate probably cost more than what most of you getting back anyway. classic crypto

 

[Tyrone]

who the FUCK thought storing serious money on some trust fund kid's exchange was smart? y'all literally braindead

 

[Cyb3r]

honestly think this whole thing is gonna create a massive bitcoin buying spree. everyone getting their money back is just gonna ape into crypto again

 

[hack3rcon]

@Cyb3r maybe, but also a lot of people are completely done with crypto after this. saw polling that 60% of ftx customers plan to cash out and never come back

 

[CryptoBoss]

@Cyb3r maybe, but also a lot of people are completely done with crypto after this. saw polling that 60% of ftx customers plan to cash out and never come back

their loss. this whole thing just proves bitcoin maxis were right. not your keys not your coins. never storing on exchange again

 

[sk8er]

my dad keeps saying "i told you crypto was a scam" how do i explain this isn't crypto's fault

 

[btcinfo891]

@sk8er it's not crypto that failed, it's a centralized company that was basically running a ponzi scheme. Bitcoin itself worked perfectly through all this.

 

[Major]

The real question is what happens to the recovery lawyers' fees. They're getting paid first before any customer sees a dime. Probably made more than most customers will recover.

 

[hack3rcon]

The real question is what happens to the recovery lawyers' fees. They're getting paid first before any customer sees a dime. Probably made more than most customers will recover.

not sure tbh as i heard like $200M total. which is actually reasonable compared to other major bankruptcies. enron lawyers made way more proportionally

 

[CryptoBoss]

not sure tbh as i heard like $200M total. which is actually reasonable compared to other major bankruptcies. enron lawyers made way more proportionally

200 million to lawyers while we get 2022 prices. this whole system is fucked. at least sbf is rotting in prison for 25 years

 

[satoshisobsob]

ngl this whole payout thing is cope. most people just gonna lose it gambling again within 6 months

 

[Radius]

Working on infrastructure to prevent this kind of custodial risk. But honestly, people gonna keep using centralized exchanges for convenience no matter what we build.

 

[goldkingcoiner]

Working on infrastructure to prevent this kind of custodial risk. But honestly, people gonna keep using centralized exchanges for convenience no matter what we build.

@Radius based. building actual solutions instead of crying about spilled milk like these bagholders

 

[CryptoBoss]

@Radius based. building actual solutions instead of crying about spilled milk like these bagholders

stfu already. anyway collecting my insulting payout and going full cold storage. never trusting another cex with serious money. lesson learned the expensive way

 

[marshal]

ser could've just used zkrollups from beginning and avoided this whole mess. centralized shitcoins ngmi