FTX Hacker Starts Unloading $294 Million Ethereum
A whirlwind of chaos engulfs the crypto space as the FTX exploiter begins offloading a staggering $294 Million in stolen ETH, sending shockwaves through the community and potentially impacting market stability. In this episode, we delve into the intricate details of the exploit, exploring how it was executed and the potential repercussions on FTX and the wider crypto market. Sam Bankman-Fried (SBF), the embattled founder of FTX, faces further potential setbacks as his two jets, totaling a whopping $28.4M, teeter on the brink of being seized amidst the ongoing crisis. Join us as we unravel the threads of this complex situation, providing insights into what this means for FTX, its users, and the crypto community at large.
In This Episode:
- FTX Exploiter Starts Selling the $294 Million ETH Stolen From the Exchange
- SBF's Two Jets Totaling $28.4M in Value MIGHT Get Seized
- The U.S. National Debt Problem Escalates: $275 Billion in Debt Added in a Single Day
- Another Day, Another $33B Added to National Debt. $1.4B Per Hour
- BitMex Founder Projects $750k-$1M Bitcoin By 2026
- Top Bitcoin Miners Continue to Scale Up, Earning Record Amounts of Bitcoin
- Consumer Debt Crisis Looms, Recession Not in Full Effect Yet?
In a parallel universe, the U.S. national debt spirals out of control, ballooning by an eye-watering $275 Billion in a single day, and adding another $33 Billion the following day, equating to an alarming rate of $1.4 Billion per hour. As the debt clock ticks ominously, we explore the potential ramifications of this escalating debt crisis on the U.S. economy and its citizens. Furthermore, we delve into the looming consumer debt crisis, examining whether the full effects of a recession have truly been felt yet, and what this could mean for financial markets and individual financial stability in the coming months.
Amidst the chaos, a glimmer of optimism shines through for Bitcoin enthusiasts as the BitMex founder projects a staggering $750k-$1M Bitcoin valuation by 2026. Concurrently, top Bitcoin miners are posting record-breaking growth, scaling up and earning unprecedented amounts of Bitcoin, even as the market experiences turbulence. We explore these bullish projections and mining successes, pondering whether they can provide a safe haven amidst the economic and crypto storms. Stay tuned as we navigate through these tumultuous times, offering expert analyses, predictions, and advice on how to safeguard your investments.
Have you seen LEO's proposal to double the Hive userbase? We only need 1.7M more HIVE POWER in votes to get over 30M total votes. We onboarded 40% of all Hive accounts in September. Help us scale these efforts by supporting this proposal: https://peakd.com/me/proposals/269
Posted Using LeoFinance Alpha
A big YouTube influencer says bitcoin will fall to 10k due to the recession?
What do you think?
I think the recession will mean bitcoin moving sideways mainly but slowly up.
I think 99% of predictions made by anyone are most likely not true nor based in reality
I think it's even more so true amongst influencers lol
Agreed. I am very wary of influencers in general, while there are a few good ones to use as a one source of information amongst hopefully many.
But I think there is a unique opportunity for influencers to give back to their followers on Web 2.0 by creating communities and upvoting their followers comments here on Hive and Leofinance.
I am exploring that with few influencers, but the learning curve for Hive is steep, HivePower, reward pool influence, replenishing voting power, Hive and Leo rewards not from your wallet, but from reward pool, token inflation as a reward. It’s a very difficult series of concepts to explain, and then explain communities, comments and community moderation as a reward.
So far most think it’s a scam or that I am just making it all up.
Any ideas about how to present this better?
It’s a crazy opportunity to onboard a few thousand to a few ten thousand faithful followers to the future.
I think if that ETH gets dumped it will be a good time to pick up ETH, you?
Yep
Do you think Ethgate will turnout to be a real story ? And potentially tank the price longterm? Or just a buy on rumor, sell on news situation?
I don't think bitcoin will fall that bad to 10k. Lastly is it gradually finding it way up again although it won't go that up.
Let me check out the proposal and quickly cast my vote.