sms on Nostr: FTX repaying its customers so soon gives me a weird feeling and leaves me scratching ...

FTX repaying its customers so soon gives me a weird feeling and leaves me scratching my head.

At the time it seemed like the start of something way worse that would have rekt all exchanges and cleansed #Bitcoin of LARPs and scammers by disrupting NGU like never before, however it was the bottom, the point everyone capitulated voluntarily or worse.

I’m glad non governmental creditors are getting reimbursed what they have lost, but I’m pretty sure it’s only the dollar value at bankruptcy +18% if it was less than $50k at the time.

They are in a pickle because they underestimated third party risk. I custody my own corn because I don’t like having anyone to blame but myself, keeps me honest.

When you follow a global asset there’s never a dull moment!