JPMorgan: "while the news of the collapse of FTX is empowering crypto skeptics, we would point out that all of the recent collapses in the crypto ecosystem have been from centralized players and not from decentralized protocols."
🚨 A trace done using TRM labs attribution shows just how much of a circle jerk happened to take down Luna, Voyager, 3AC, FTX, Alameda (others to be determined).
Source: blockchain analyst and verified source familiar with the matter
🚨FTX Insider live on stage:
-Rehypothecation of funds started mid-2021
-The “proof of reserves” did not exist and hidden with FTT tokens rather than 1 to 1
-FTX illegally used user funds to convert to fiat & pay for advertising & political donations
Will tweet more gradually👇
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The SEC now claiming ETH is a security is a shining proof about how dishonest the SEC has been in their guidance.
1. POS has been around long before the merge, yet the SEC hasn’t come around to making any determination on that matter till now
Reminder: #Binance has temporarily suspended deposits and withdrawals for $ETH and ERC-20 tokens due to the Bellatrix consensus layer upgrade.
We will provide updates on here once deposits and withdrawals have resumed.