Bitcoin, Ethereum, Litecoin, Ripple - Cryptocurrency in T&T

[bluefete]

https://www.yahoo.com/finance/news/hund ... 19541.html

Hundreds of Millions of Dollars Drained From FTX Overnight in 'Unauthorized' Transfers
797
Jason Nelson
Sat, November 12, 2022 at 9:32 AM

Several wallets allegedly belonging to FTX were drained of hundreds of millions of dollars in coins late on Friday night, with much of the funds transferred from Tether (USDT) into stablecoin DAI, and from staked Ethereum (stETH) into Ethereum (ETH).

It was the same day that FTX filed for Chapter 11 bankruptcy, and it looked too soon, too late at night, and too sophisticated for the actions to be attributed to liquidators.

The exodus, all visible on blockchain tracker Etherscan, totaled around $650 million according to pseudonymous blockchain sleuth ZachXBT, widely trusted by the DeFi community.

It took until after 2 am EST for FTX US general counsel Ryne Miller to call the transfers "unauthorized" and add that FTX had begun moving assets to cold wallets to "mitigate the damage."

It was a nightmare evening for anyone with funds on FTX. As the hysteria mounted, rumors flew, including one about whether FTX CEO Sam Bankman-Fried was on a plane to Argentina, and a Reuters report claiming he used a secret "back door" built into his exchange to $10 billion to his hedge fund Alameda.

Read the rest in the link above.

[bluefete]

Also this:

Elon Musk says FTX founder Sam Bankman-Fried set his 'bulls**t meter' off when he tried to join $44b Twitter purchase and shares crude meme about failed mogul - as $2b of clients' money vanishes

https://www.dailymail.co.uk/news/articl ... chase.html

[The_Honourable]

What's worse is that FTX wallets was totally cleaned out so anybody who had their coins or funds on the exchange is now experiencing a total loss.

Looks like BlockFi is next.

[AlphaMan]

Those FTX persons sure making a jail in the US...

[X_Factor]

meeno bout allyuh but I riding the waves rn like a MF

Watch the 1second graph. Short when it's high, Long when it's low. BTC predictable af rn

Also now is good time to buy. Wud shoot up for Christmas..... Let it drop lower tho

Not financial advice , doh blame me if u get liquidated

agreed, a partner bought some when it dropped to 109k a couple days ago

[bluefete]

Those FTX persons sure making a jail in the US...

Bossman looking to move to Argentina.

[bluefete]

Those FTX persons sure making a jail in the US...

Bossman looking to move to Argentina.

Correction: Dubai.

[toyolink]

The value of wealth lost with the crypto mess over the last 6 months is mind-bending.

[drchaos]

The value of wealth lost with the crypto mess over the last 6 months is mind-bending.

The value of wealth gained is wayyyy more ...

When I first bought my first fraction of BTC it was worth just over 900 USD.

[liquidmetal]

Hey folks, what do you think about this? could be useful for building new businesses with it.

A submission for the TronDAO Season 3 Hackathon.
It's a protocol for issuing decentralized Caribbean stablecoins backed by USDD on Tron blockchain.
Live on Tron Nile Testnet for anyone who wants to play around -

https://gostables.org
https://devpost.com/software/gostables
https://forum.trondao.org/t/gostables-d ... bean/10842

[teems1]

Those FTX persons sure making a jail in the US...

Why would they?

Isn't the whole point of crypto to be unregulated?

When sheit goes sideways now you want regulations?

[liquidmetal]

In the midst of this bear market, the buidl continues..

Public voting for the Tron Season 3 Hackathon is open. Help support a project with a Trini on the team if you like it.
Probably the only Caribbean submission made to this afaik..

Defi Track-
#D9 goStables - Decentralized Stablecoins for the Caribbean
https://forum.trondao.org/t/tron-grand- ... te/13984/3

[The_Honourable]

Sam Bankman-Fried: FTX founder arrested in Bahamas

https://www.bbc.com/news/business-63953096

[ruffneck_12]

Sam Bankman-Fried: FTX founder arrested in Bahamas

https://www.bbc.com/news/business-63953096

oh boi

He probably innocent in all this. Highly doubt someone like him wuda shot up so high on his own.

Had to be a cover up to launder funds

[Dizzy28]

Sam Bankman-Fried: FTX founder arrested in Bahamas

https://www.bbc.com/news/business-63953096

oh boi

He probably innocent in all this. Highly doubt someone like him wuda shot up so high on his own.

Had to be a cover up to launder funds

Yes someone who was in a group called wire fraud is probably innocent

Sam Bankman-Fried and other members of the inner circle of the collapsed cryptocurrency exchange FTX allegedly formed a chat group on the encrypted platform Signal under the name “Wirefraud”
The Australian Financial Review reported that the Wirefraud chat group was used to send end-to-end encrypted information about FTX and its hedge fund, Alameda Research, in the run-up to the implosion of the exchange. According to the newspaper, members of the secret group included Bankman-Fried, his FTX partners Zixiao “Gary” Wang and Nishad Singh, and the CEO of Alameda Research Caroline Ellison
https://www.theguardian.com/business/20 ... at-alameda

[16 cycles]

can skip to interview highlights...forsee some more regulation in sector...

[liquidmetal]

In the midst of this bear market, the buidl continues..

Public voting for the Tron Season 3 Hackathon is open. Help support a project with a Trini on the team if you like it.
Probably the only Caribbean submission made to this afaik..

Defi Track-
#D9 goStables - Decentralized Stablecoins for the Caribbean
https://forum.trondao.org/t/tron-grand- ... te/13984/3

goStables won 5th Place in the Tron Hackathon
https://cointelegraph.com/press-release ... -announced

[wall]

Anyone have an idea what apps or exchanges to use to buy crypto via local credit card ? Dm me if so thanks

[The_Honourable]

Anyone have an idea what apps or exchanges to use to buy crypto via local credit card ? Dm me if so thanks

Virtually all have been blacklisted. If your bank has you noted as a persistent crypto purchaser, and you keep circumventing their security systems, the bank will simply not renew your credit card.

[mero]

Anyone have an idea what apps or exchanges to use to buy crypto via local credit card ? Dm me if so thanks

Uphold, Wise.

[VII]

Good day tuners can anyone advise on the easiest and most cost effective way to cash in usdt funds in T&T on an exodus or other popular e wallet ?

Can anyone shed some light on their experiences or knowledge?

Thanks..

[Monk BANzai]

I use WISE. great experience thus far..usual tax on each transaction. Was forced to use it due to some business in Indonesia where they have been black balled by almost every other money transfer platform. its PISMO, OVO and most E-wallet compliant as well.

Also one of the few platforms that allows Credit cards outside of the US that you can use to load up the WISE account. (ofc you have the standard loading from a US bank account or an account that has the proper routing information..but its not as instant as a Credit Card load)

Usual requirements for signup: two forms of ID, proof of employment/pay slip.

[VII]

Thanks BANzai I'll check it out. See it's an RBC company, didn't think they would support crypto based transactions....should be easy to register ..

[VII]

Any other suggestions will be welcome also .

[pugboy]

wipay?

[VII]

Spoke to them apparently they don't support that transaction directly..I still have to liquidate funds from e wallet to get it to wise account.

All I need is an entity that can negotiate a USDT TRC-20 transaction code and cash it out by way of bank transfer etc for a fee..

Oh it's USDT TRC-20 not USD I'm talking about.. it's a
crypto currency system pegged to the US dollar..

I use WISE. great experience thus far..usual tax on each transaction. Was forced to use it due to some business in Indonesia where they have been black balled by almost every other money transfer platform. its PISMO, OVO and most E-wallet compliant as well.

Also one of the few platforms that allows Credit cards outside of the US that you can use to load up the WISE account. (ofc you have the standard loading from a US bank account or an account that has the proper routing information..but its not as instant as a Credit Card load)

Usual requirements for signup: two forms of ID, proof of employment/pay slip.

[VII]

Lemme check..

wipay?

[VII]

Some services would simply give you a visa card and you can use that to access/use your funds...but usually it's only availble in the US Europe Asia etc....

[The_Honourable]

Thanks BANzai I'll check it out. See it's an RBC company, didn't think they would support crypto based transactions....should be easy to register ..

Just be careful when you are using Wise. Many trinis are abusing it and the banks are clamping down by threatening non-renewal of CC upon expiry or outright closure of your card unannounced.

[VII]

Thanks,checked it out, can't work for USDT TRC-20 transactions..

Thanks BANzai I'll check it out. See it's an RBC company, didn't think they would support crypto based transactions....should be easy to register ..

Just be careful when you are using Wise. Many trinis are abusing it and the banks are clamping down by threatening non-renewal of CC upon expiry or outright closure of your card unannounced.