Economics, Business, Money, Finance : Crypto Exchange Founder Disappears with $2 Billion
Re: Crypto Exchange Founder Disappears with $2 Billion
Canada's largest cryptocurrency exchange, QuadrigaCX, imploded in 2019. $250 million was "lost" when it turned out to be a Ponzi scheme. The official story is that the owner "died aged 30 from complications with Crohn's disease while volunteering at an orphanage in India." Nobody is certain that he actually died. I suppose it's possible that a con artist running a Ponzi scheme might volunteer at an orphanage in India but it sounds far-fetched.
Re: Crypto Exchange Founder Disappears with $2 Billion
Lol, without knowing any background info, I can confidently say that sounds like the biggest load of shit
Re: Crypto Exchange Founder Disappears with $2 Billion
Pffft! Unbelievable and y'all not worried about viral pandemics either.
Y'all worked about me and my rant though.
Y'all worked about me and my rant though.
Re: Crypto Exchange Founder Disappears with $2 Billion
What rant, Donna luv?
Re: Crypto Exchange Founder Disappears with $2 Billion
LOL I just heard your meltdown. Well done, you’re up there with Christian Bale
Re: Crypto Exchange Founder Disappears with $2 Billion
…Full article: https://www.zerohedge.com/crypto/dozens-arrested-after-ceo-turkish-crypto-exchange-flees-2-billion
In the latest development in this bizarre saga, in a statement published from an unknown location, Thodex CEO Faruk Fatih Ozer promised to repay investors and to return to Turkey to face justice after he did.
“I was born as one of the three siblings of a civil servant,” Ozer said in his statement, adding that he’s a high-school dropout. As the company ran into financial trouble, he said he thought about either committing suicide or giving himself up to authorities, but both of those options meant clients’ assets would never be retrieved.
“So I decided to stay alive and fight, work and repay my debts to you,” he said. “The day I repay all my debt, I will return to my country and give myself in to justice.”
Narrator: "he won't return."
Re: Crypto Exchange Founder Disappears with $2 Billion
The narrator was truly reading my mind
What kind of BS excuse is that… “don’t be afraid that I moved to a no extradition country, I promise I’ll pay u back”
What kind of BS excuse is that… “don’t be afraid that I moved to a no extradition country, I promise I’ll pay u back”
Re: Crypto Exchange Founder Disappears with $2 Billion
lol
This scenario makes me wonder how anybody can trust any crypto currency.
This scenario makes me wonder how anybody can trust any crypto currency.
Re: Crypto Exchange Founder Disappears with $2 Billion
You can’t
Melting down over top boy
Melting down over top boy
Re: Crypto Exchange Founder Disappears with $2 Billion
That hasn't stopped lots of money from pouring into them. All those people might wake up some day and find their precious Bit Coins bit the dust, lol.
Re: Crypto Exchange Founder Disappears with $2 Billion
Is a bit coin ,an actual coin ,backed by anything physical ? To me it’s something created out of thin air, and the power of people believing anything thing they here on the internet is what drives its value.
Melting down over top boy
Melting down over top boy
💲 Crypto Exchange Founder Disappears with $2 Billion
To make any money, you have to find a bigger fool to buy your coin. It's a house of cards that will come crashing down some day, but that's true of all fiat currencies. The only money investments that interest me involve gold and silver.
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💲 Crypto Exchange Founder Disappears with $2 Billion
The only money investments that interest me involve gold and silver.Keep stackin'.
💲 Crypto Exchange Founder Disappears with $2 Billion
¿Zolotoy? You must like gold also. I wonder how many others here know that word, tovarishch.
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💲 Crypto Exchange Founder Disappears with $2 Billion
Very true ,even that game stop bullshit was such that at one point if everyone wanted to sell their shares ,they would of been fucked. And to all these idiots that think they fucked the rich over , by that squeeze , they also fucked over peoples 401k’s and the game stop CEO still got a 173 million dollar buy out.
Melting down over top boy
Melting down over top boy
Re: Crypto Exchange Founder Disappears with $2 Billion
All crypto currencies are ponzie schemes.
Melting down over top boy
Melting down over top boy
Re: Crypto Exchange Founder Disappears with $2 Billion
Mind you, this article is about a cryptocurrency exchange, not actual cryptocurrency. I don’t think cryptos like BTC are going anywhere
Crypto Exchange Founder Disappears with $2 Billion
Fast forward to now…
https://www.bbc.com/news/world-europe-56865119
Turkey launches international hunt for cryptocurrency boss
And I thought Robinhood was bad 😩
Real talk, I noticed a lot of these crypto-exchanges popping up lately. Something like this is bound to happen here at some point.