Author: Zhang ShengSource: Mingjin.comThe so-called "decentralization" ultimately boils down to a joke
Author: Zhang Sheng
Source: Mingjin.com
The so-called "decentralization" ultimately boils down to a joke.
The biggest scam of humanity in the 21st century, the avalanche has entered the countdown!
one
90one
1213FTX-SBFone
one115302601800
one118oneFTXFTT80%20%one
oneFTXone3202230one
FTX100-500100one80%
With the arrest of the FTX boss, it has almost become the largest bankruptcy case in the history of this currency industry and also the largest scam.
oneoneoneoneone
two
The epic explosion of FTX has almost pushed the entire coin circle to the edge of a "nuclear explosion".
FTXonetwo
112CoindeskoneFTXAlameda ResearchIt is pointed out that the company has assets of $14.6 billion and liabilities of $8 billion, most of which are its own issued FTT coins.
More importantly, FTX has over $5.8 billion in FTT on its books, but its circulation supply is only $4.36 billion.
oneoneone
FTTLunaoneFTT5.84
FTX22FTTFTTone5
On the day of the comprehensive collapse of FTX, Zhao Shoufu officially took action and tweeted, announcing that FTX had come to me for help due to a "severe liquidity squeeze". We have signed a non binding letter of intent with FTX and may complete the delivery in the next few days.
oneFTX
The desperate FTX owner, Fred, had to file for bankruptcy and quickly fled to the island country of the Bahamas, which is more than 2000 kilometers away from the US mainland, but still couldn't escape the arrest of the US's "long arm jurisdiction".
Many insider stories that have overturned the understanding of the coin circle are gradually becoming public:
1. Since the establishment of FTX three and a half years ago, relevant agencies in the United States have been conducting a secret investigation into its boss, Fred.
As soon as Fred was arrested, the US SEC accused him of using funds from FTX clients for undisclosed venture capital, large-scale real estate purchases, and huge political donations, as well as engaging in "years of fraud".
2. FTX has secretly left a back door, allowing unlimited appropriation of customer funds. FTX is Fred's personal ATM machine.
The US SEC stated that since mid-2020, FTX has made secret modifications to the exchange software code, allowing Freed's hedge fund company Alameda Research to directly have borrowing exemption rights, ignoring the value of the collateral it provides and using "unlimited borrowing".
At present, the SEC has identified the billions of dollars secretly lent by FTX to Alameda, not from the company's own reserves, but from FTX customers' deposits.
oneone
Behind the crash, investors' belief in the minimum "decentralization" and "immutability" of exchanges and virtual currencies was shattered.
three
FTXoneone
one
one
keeperone
FTXone
10one
2200BNBone1
14.37.1851one
oneone
1one2021810Poly Network16.1one
one2
But to this day, there are still many doubts about this case. Why hackers are willing to give up the billions of dollars in wealth they have obtained, and whether there is a cruel truth behind it, is still a mystery. At least the outcome is good, but this kind of luck is not always present.
2. The "Mentougou Incident" in Japan is the most notorious case in the history of the currency industry, and FTX is almost a replica of this case.
In February 2014, the world's largest virtual currency exchange, Mentougou, suddenly suspended trading. A few days later, it claimed that 850000 Bitcoins had been stolen and declared bankrupt.
857%20%10%one90%one
one25one
FTXone30
It indicates that more and more players choose to admit defeat after seeing the reality clearly, which is better than the outcome of completely returning to zero after being completely hacked.
four
Without buying and selling, there can be no harm.
The tears that gamblers shed today are all the saliva they shed yesterday for their dream of becoming rich.
one
one
one100101
Mingjin NetworkFocus on innovation and deliver value! Original, exciting, sharp, exclusive, new media for technology and finance! 326 original content
official account
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
