Thread
SBF attempted to suppress the price of bitcoin by selling customer funds.
He is not the first person to try and will not be the last. Anyone that attempts it will get blown out eventually.
Learn how to hold bitcoin securely yourself. Become unruggable 🫡
Replies (21)
Bigger suits will get rekt next cycle.
Entire countries will get rekt the cycle after that.
El Salvador holds #bitcoin in a custodial wallet 👀
Source??
He did a fairly good job at it honestly by stealing billions from ignorant millions.
Bitcoin is literally designed to prevent these types of actions. Just take self custody and you will never have to worry about the scammers.
Did he attempt to suppress the price or was he just selling because he needed dollar liquidity?
I read the court transcripts. It sounds like the latter.
Seems like the latter to me too
The nerve! I'm for generally being lenient but this is very hard to forgive.
I like your, "Stack sats and stay humble" That inspired me to come up with, "Work for ₿itcoin and ₿itcoin works for you" Thanks Odell.
Hold your own keys. Stay humble and stack sats.
I fully believe CZ is also selling to prop up bNb and has been for a long time.
It's not working out then. Bmb barely floating even and he would have depleted bitcoin on hand.
I read some article saying he had over 600k in a couple wallets, did no research so 🤷🏼♂️ just going off that.
My point is that if true, BNB would be sitting much higher, not $205 and at 2 year lows. Or, If he really wanted or needed to prop it up, he would have depleted his bitcoin already, as bnb is not rising st all but going lower. which we know isn't true by tracking the wallets.
One of the 2 would have to be true.
That is what ETF's are for, I don't know why people so excited about that fake bitcoin.
5% chance of becoming president. 100% chance of getting rugged by his own rugs.
Yes, self custody or at very least transfer it out to your own wallet and back to the exchange at some regular basis to prove they still have it. Would be best to have a quarterly day that everybody on an exchange does that to prove they have it. Other than that, multisig exchanges that can’t spend your Bitcoin unless they have your signing key.
