You all see this stuff about the FTX and Binance fraud? Love to smuggly tell crypto idiots I told you so lol.

  • thetablesareorange@lemmygrad.ml
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    2 years ago

    bitcoin has fallen from $71k to $17k in a year and now a major bitcoin exchange collapsed, because they were using their customers accounts as collateral for loans, then using those loans to invest, which only works as long as the market goes up forever and ever, if it goes down even slightly you owe $300 trillion somehow