Neuer Schwächeanfall beim Bitcoin (Seite 4) | Diskussion im Forum

[faultcode]

1.1.
WSJ: Troubles at Sam Bankman-Fried’s Alameda Began Well Before Crypto Crash
Trading firm took big gambles, winning some and losing plenty; ‘complete lack of a risk-management framework’
https://www.wsj.com/articles/alameda-sam-bankman-fried-ftx-c…
...
Alameda’s first big trade was an arbitrage play in Japan, where bitcoin commanded higher prices. Traders who could navigate the complexities of the crypto scene there could profit by buying the digital currency elsewhere and selling it to Japanese buyers for more.

The trading opportunity was fleeting. Alameda made between $10 million and $30 million in profits before the price gap closed in early 2018, according to people familiar with the trade. The money used to fund the trade, though, was expensive, cutting into the gain.

Meanwhile, Alameda’s trading algorithm, which was designed to make a large number of automated, rapid-fire trades, was losing money by guessing the wrong way on price moves, according to people familiar with the trading.

Mr. Tallinn recalled his loan. By the spring of 2018, Alameda’s assets declined by more than two-thirds, to about $30 million, partly due to a big loss on XRP, the tokens of the Ripple payment network, those people said.

Mr. Bankman-Fried needed ever-larger sums to keep the operation afloat. In late 2018, he promised potential lenders of cash or crypto annual returns of up to 20%, according to people familiar with the pitches.
...

[faultcode]

...
https://www.nber.org/papers/w30783


Tag: wash trading

[faultcode]

SBF: $250 million Kaution! Wo kommen die denn jetzt her?


https://twitter.com/BitcoinMagazine/status/16059976422400532…

[faultcode]

16.12.
Mazars to pause all crypto exchange proof-of-reserves reports
https://www.theblock.co/post/195623/mazars-pauses-crypto-aud…
• A Binance spokesperson says Mazars has stopped working with crypto clients.
• Mazars is the latest accounting firm to stop all crypto-related audit activities since the FTX collapse.

...

[faultcode]

Binance:


https://twitter.com/IIICapital/status/1602749295295623169

[faultcode]

Antwort auf Beitrag Nr.: 72.902.287 von faultcode am 13.12.22 01:04:31

https://twitter.com/tier10k/status/1602446984090107905

Tag: SBF

[faultcode]

Antwort auf Beitrag Nr.: 72.784.187 von faultcode am 19.11.22 20:29:23

Samuel Bankman-Fried (SBF) auf den Bahamas fetsgenommen: https://twitter.com/SDNYnews/status/1602451395910803457

[faultcode]

man weiß ja, wie solche FUD-Dementis oft ausgehen:

Silvergate CEO:

5.12.
Silvergate Bank: Our commitment to risk management and compliance
https://www.linkedin.com/pulse/our-commitment-risk-managemen…
...
We conducted extensive due diligence on FTX and Alameda Research.
...
There has also been plenty of speculation – and misinformation – being spread by short sellers and other opportunists trying to capitalize on market uncertainty.
...

[faultcode]

Antwort auf Beitrag Nr.: 72.753.839 von faultcode am 14.11.22 23:47:40

3.12.
Former SEC official slams Tether for running a Ponzi scheme, labels firm as a ‘house of cards’
https://finbold.com/former-sec-official-slams-tether-for-run…
...
Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether.

According to Reed, who worked with SEC for almost two decades, Tether’s failure to disclose key information about its balance sheet might be a sign the firm is operating as a ‘house of cards’, Reed said in a tweet. 

The former SEC official made the remarks in response to a December 2 CNBC interview where Tether co-founder Reeve Collins was tasked to explain the company’s lack of full disclosure, especially in the wake of the FTX cryptocurrency exchange collapse. Based on Collins’ response, Reed suggested that the company was running a Ponzi scheme. 
...

[faultcode]

die EZB: Bitcoin’s last stand


...
https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog…


...
Since Bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised.

Similarly, the financial industry should be wary of the long-term damage of promoting Bitcoin investments - despite short-term profits they could make (even without their skin in the game). The negative impact on customer relations and the reputational damage to the entire industry could be enormous once Bitcoin investors will have made further losses.
<alle Formate meine>