what's your advice now?

lay low? what exchange is still safe??

Whatever you do, don't look at Coinbase's cash burn...

I'll look into it right now thanks.

what's happening at coinbase.

they say coombase and kraken are safe still. was hoping for confirmation by houseofcards as he seems knowledgeable. he's the boss of this thread, right?

thanks, I just read it.

you don't think that is a puff piece pz?

zero mention of fraud, crime, laundering, etc.

it was very whitewashed. like oops, a trading firm lost some money.

this one small paragraph hints at them using FTX customer funds, but you can almost gloss over it if not paying attention. MSM is not driving a nail into these criminals

yeah it's all rugpulled.

i just read up on it I think.

you mean this I guess:


"84% Below Peak, Coinbase Stock To Fall As Stablecoin Breaks The Buck"

http://www.forbes.com/sites/petercoh...-the-buck/amp/

https://news.ycombinator.com/item?id=31781650

These guys have $60 bil laying around but you can't see it and they can't tell you what form it's in for...reasons.

You're letting your bias cloud your reading. The WSJ has been running multiple FTX articles a day, all of which contain damning information. The article you quoted also has this:

"In the video meeting in early November, held late in the evening Hong Kong time, Ms. Ellison told employees that FTX used customer money to help Alameda meet its liabilities, the Journal previously reported. She apologized and said that she had disappointed the staff, the Journal reported. By then, the companies’ financial problems had spilled into public view, but the companies hadn’t yet filed for bankruptcy

Ms. Ellison also told employees that she, Messrs. Bankman-Fried, Singh and Wang were aware of the decision to send customer money to Alameda."

That statement implicates all these execs including herself.

Fair. Very jaded by MSM right now.

WSJ has a long history of investigative business journalism. They single-handedly brought down the billion-dollar fraud at Thernaos.

Another WSJ article today:

FTX Crypto Customers Worry They Will Never See Their Money Again

"Customers of beleaguered crypto exchange FTX are losing hope they will ever see their money again.

The company’s massive financial problems began spilling into the open early this month, and FTX was quick to halt withdrawals from its international unit. American customers had hoped they might be luckier, but many of them haven’t been able to get their money out either.

Where the money could be—and whether it will ever arrive—is anyone’s guess. FTX filed for bankruptcy on Nov. 11. John J. Ray, the company’s new CEO who also unwound Enron, said in a court filing Thursday that “only a fraction” of FTX’s digital assets have been located and secured. Determining how much cash is left has been difficult too, according to the bankruptcy filings, since FTX didn’t keep an accurate list of its bank accounts."

Source: https://www.wsj.com/articles/ftx-cry...in-11668976779

Ok let's be serious now

Lololol Elon

Lol fact checked. K I'm done.

WSJ Opinion pieces != WSJ News

Criticising an opinion piece the whole function of which is to try and provide alternative takes is dumb.

I would estimate at least 70% of editorial opinion pieces are at least medium temperature hot takes.

Sometimes they are interesting, but most of the time they are lol wiffs by journalists.

Agreed. Most who grew up in the Internet era don't understand the distinction between journalism and opinion. It doesn't help that some of the most popular sources of "news" like CNN and Fox News are 95% opinion, 5% news.

I partially agree. WSJ still decides which opinions to publish. Publishing this one, with that headline, is terrible by a supposed leading newssource.

Poor guy lost a whopping $800, better write about it in the WSJ.

Comments are funny.

Peggy Noonan once opined in the WSJ that Mitt Romney would beat Obama a day before the 2012 election, based on the number of lawn signs she was seeing for Romney.

Stupidity in opinion pieces is common.

If that “Drake Lyle” pic is real, it’s prime for some elite memeing. Patagonia vest is chef’s kiss.

Also, WSJ investigative stuff basically isn’t allowed to use words like fraud, scam, stole, until someone is actually convicted of a crime or whatnot. Even all that Theranos stuff, the harshest they can print is “company says x, but we saw Y”

It's hard for journalists to find people who will admit on the record to losing their life savings to something as ridiculous as cryptocurrencies. The embarrassment factor limits the pool of available sources for these types of pieces.

A much bigger problem is that in the internet age people end up in an echo chamber of opinion pieces made up of blogs and loltube channels.

The New York Time's "The Daily" podcast one once ran a series demonstrating how YouTube's algorithms we're sending people into those echo chambers and turning them into radical conspiracy theorists. They even had one of the inventing software engineers speaking out against the power that the algorithms now wield.

Bloomberg: Alameda’s Former Co-CEO Used Poker, Blackjack Strategies in Crypto Trading

https://forumserver.twoplustwo.com/2...ading-1815535/

Alex Wice WSJ interview baby. One time!!!

More gold from WSJ alum


The amount of influence and money being paid to MSM, in whatever capacity that is, front page, columns, opinions, alumni posts, is mind boggling.

It's baffling the amount of 'trusted' news sources that aren't calling this what it is.