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golpe
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Another hit like currency evasion, international risk, let's wait and see what the @Binance Labs #binance #binancesquare will do or say, because just "messages" won't help at all.
Sad for those who got in...
#fraude #golpe
$ESPORTS
Sad for those who got in...
#fraude #golpe
$ESPORTS
$SYS Don't buy this, it's gonna get shut down and wiped out. Those talking are fake accounts and scammers. Haha, I'm not falling for that trap #golpe #LINDELSON .
$FTT or the token behind one of the biggest financial crimes in history.
It was a scam, and a big one. This isn't speculation; it's a fact confirmed by the American justice system.
The FTT was the token of the FTX exchange, founded by Sam Bankman-Fried, known as SBF. In January 2022, the company was valued at $32 billion. It had celebrities as ambassadors, sponsored sports arenas, and was seen as the future of digital finance.
Behind this facade, SBF orchestrated a scheme to siphon client funds from FTX to Alameda Research, his private hedge fund, while raising over $1.8 billion from investors.
Source: CoinMarketCap
The collapse began in November 2022 when CoinDesk published an article revealing that Alameda Research held a disproportionate amount of FTT tokens. This triggered a bank run on FTX that the exchange couldn't honor. Source: CoinMarketCap
Sam Bankman-Fried was convicted and sentenced to 25 years in prison. Billions in client funds evaporated. The FTT crashed from $80 to nearly zero in days. CoinMarketCap
So why does the token still exist and is climbing today?
Because in the crypto market, memory is short and speculation is eternal. The FTT still has liquidity, it's still trading on Binance, and whenever the market heats up, there are folks betting on a comeback narrative.
The token rose 31% today. This is real. But anyone buying FTT needs to understand what they're getting into. It's not a project with a future. It's an orphan token from a failed company whose founder is locked up for fraud.
Pure speculation. No fundamentals. No project. No team.
#FTT #SBF #CryptoHistory #BinanceSquare #golpe
It was a scam, and a big one. This isn't speculation; it's a fact confirmed by the American justice system.
The FTT was the token of the FTX exchange, founded by Sam Bankman-Fried, known as SBF. In January 2022, the company was valued at $32 billion. It had celebrities as ambassadors, sponsored sports arenas, and was seen as the future of digital finance.
Behind this facade, SBF orchestrated a scheme to siphon client funds from FTX to Alameda Research, his private hedge fund, while raising over $1.8 billion from investors.
Source: CoinMarketCap
The collapse began in November 2022 when CoinDesk published an article revealing that Alameda Research held a disproportionate amount of FTT tokens. This triggered a bank run on FTX that the exchange couldn't honor. Source: CoinMarketCap
Sam Bankman-Fried was convicted and sentenced to 25 years in prison. Billions in client funds evaporated. The FTT crashed from $80 to nearly zero in days. CoinMarketCap
So why does the token still exist and is climbing today?
Because in the crypto market, memory is short and speculation is eternal. The FTT still has liquidity, it's still trading on Binance, and whenever the market heats up, there are folks betting on a comeback narrative.
The token rose 31% today. This is real. But anyone buying FTT needs to understand what they're getting into. It's not a project with a future. It's an orphan token from a failed company whose founder is locked up for fraud.
Pure speculation. No fundamentals. No project. No team.
#FTT #SBF #CryptoHistory #BinanceSquare #golpe
/Greed is not good.
Using your smarts in danger can save you.
A clever and educational tale is "The Foolish Tiger and the Cunning Fox". Once, when the tiger wanted to eat the fox, the fox cleverly said, "If you eat me, you won’t be the king of the jungle because I know where the treasure of immortality is." Tempted by greed, the tiger let the fox go. The fox then took the tiger to the edge of a deep well and said, "Look, here’s the immortality!" The tiger, mistaking his own reflection for the treasure, jumped in and got stuck.
,Lesson,
Greed is not good.
Using your smarts in danger can save you.
#Binance #golpe $BTC $BNB
Using your smarts in danger can save you.
A clever and educational tale is "The Foolish Tiger and the Cunning Fox". Once, when the tiger wanted to eat the fox, the fox cleverly said, "If you eat me, you won’t be the king of the jungle because I know where the treasure of immortality is." Tempted by greed, the tiger let the fox go. The fox then took the tiger to the edge of a deep well and said, "Look, here’s the immortality!" The tiger, mistaking his own reflection for the treasure, jumped in and got stuck.
,Lesson,
Greed is not good.
Using your smarts in danger can save you.
#Binance #golpe $BTC $BNB
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