• Reminder: Do not call, text, or mention harrassing someone in real life. Do not encourage it. Do not talk about killing or using violence against anyone, or engaging in any criminal behavior. If it is not an obvious joke even when taken out of context, don't post it. Please report violators.

    DMCA, complaints, and other inquiries:

    [email protected]

Caroline Ellison Appreciation Thread!

Would Nana covet the tender ministrations of the Harry Potter house elf?

1_NU2vwUorwy8xS5QGDkOnBA-X2.jpg
 

Caverlock

Nice For Here
Her and her ex boyfriend lost like 20 billion from their crypto hedge funds. He supposedly transferred his clients’ money to try to help her make her clients’ money back. Someone could probably explain it better. I don’t invest in crypto but this whole saga has been hilarious.



Tldr as far as I understand as a moronic hillbilly: The FTX "exchange" that made its money mainly off transfer fees wanted to make a LOT more money, so it surreptitiously started its own investment group called Alameda. Alameda made a ton of bad investments, so FTX took clients' crypto and cashed them out, but "guaranteed" their funds with their own crypto coin. People found out and the value of that coin plummeted to zero as clients made a run on the bank/exchange to cash out. The investments they were trying to rescue by robbing their clients continued to nosedive, so they not only don't have the money now (liquidity issues), but they don't even have the means to make it back eventually (insolvency).
 

BonnieMcFarlaneMe2

❤️bonnie bonnie bonnie❤️



Tldr as far as I understand as a moronic hillbilly: The FTX "exchange" that made its money mainly off transfer fees wanted to make a LOT more money, so it surreptitiously started its own investment group called Alameda. Alameda made a ton of bad investments, so FTX took clients' crypto and cashed them out, but "guaranteed" their funds with their own crypto coin. People found out and the value of that coin plummeted to zero as clients made a run on the bank/exchange to cash out. The investments they were trying to rescue by robbing their clients continued to nosedive, so they not only don't have the money now (liquidity issues), but they don't even have the means to make it back eventually (insolvency).

Isn’t that pretty much what Shkreli did except he made the right bet then made the money back and then some?
 
Top