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Current Events > Crypto.com is going under

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KiwiTerraRizing
11/13/22 5:49:56 PM
#1:


A run of withdrawals they cant handle

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MarthGoomba
11/13/22 5:50:58 PM
#2:


Watching crypto die feels so good

Nothing but trash

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Shotgunnova
11/13/22 5:51:23 PM
#3:


https://gamefaqs.gamespot.com/a/user_image/6/1/5/AABhrNAAD4Mn.jpg

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Mearcstapa
11/13/22 6:04:05 PM
#4:


fOrTuNe FaVoRs ThE bOlD

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after years of waiting
nothing came
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Robot2600
11/13/22 6:19:52 PM
#5:


damn it my $100 of shiba is on crypto.com

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Boombam99
11/13/22 6:21:34 PM
#6:


Fortune favors the..aaaaaaaannnd its gone

Its all gone
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MixedRaceBaby
11/13/22 6:23:06 PM
#7:


Whats going to happen to the stadium they are named after

is it going back to staples

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Valjackal
11/13/22 6:28:01 PM
#8:


MixedRaceBaby posted...
Whats going to happen to the stadium they are named after

is it going back to staples

God I hope so.

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NoxObscuras
11/13/22 6:28:06 PM
#9:


I wonder if the Crypto.com Arena will get renamed again. It's only been a year since they bought it

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#10
Post #10 was unavailable or deleted.
ellis123
11/13/22 6:29:12 PM
#11:


It has only been one day since the latest Crypto shill got nuked. Mods here work fast.

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K181
11/13/22 6:29:42 PM
#12:


The obvious pump and dump is dumping a lot faster than I expected.

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NeonTentacles
11/13/22 6:29:43 PM
#13:


lol

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Maze_
11/13/22 6:30:33 PM
#14:


MarthGoomba posted...
Watching crypto die feels so good

Nothing but trash
Cryto isn't going to die sadly

It will limp on like a zombie for years to come in a horrible shell of a rotting corpse as it slowly falls apart

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ellis123
11/13/22 6:30:58 PM
#15:


K181 posted...
The obvious pump and dump is dumping a lot faster than I expected.
The dump started in June.

https://www.theverge.com/2022/8/18/23309439/crypto-com-layoffs-unannounced-july-august-bear-market

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Robot2600
11/13/22 6:31:17 PM
#16:


and then in 2060 it turns out im a millionaire because of some small crypto i had and forgot about

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ellis123
11/13/22 6:32:50 PM
#17:


Robot2600 posted...
and then in 2060 it turns out im a millionaire because of some small crypto i had and forgot about
Naw, once a crypto goes away it's gone. The tulip market doesn't rebound without people throwing money into it constantly.

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DoesntMatter
11/13/22 6:33:38 PM
#18:


lol, everyone's withdrawing right now because the CEO just admitted that they flubbed a $400 million transaction and accidentally sent it to the wrong address

https://www.wsj.com/articles/crypto-com-withdrawals-rise-after-ceo-admits-transaction-problem-11668350510

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Payzmaykr
11/13/22 6:33:48 PM
#19:


Robot2600 posted...
and then in 2060 it turns out im a millionaire because of some small crypto i had and forgot about
In 2060, a million dollars might buy you a coke.

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So long,
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#20
Post #20 was unavailable or deleted.
Robot2600
11/13/22 6:35:24 PM
#21:


this was the stupidest $80 lesson i ever done learned

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Michael_Booth
11/13/22 6:35:36 PM
#22:


ellis123 posted...
Naw, once a crypto goes away it's gone. The tulip market doesn't rebound without people throwing money into it constantly.

That only happened because of a law change:

On February 24, 1637, the self-regulating guild of Dutch florists, in a decision that was later ratified by the Dutch Parliament, announced that all futures contracts written after November 30, 1636, and before the re-opening of the cash market in the early Spring, were to be interpreted as option contracts. They did this by simply relieving the futures buyers of the obligation to buy the future tulips, forcing them merely to compensate the sellers with a small fixed percentage of the contract price.
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Robot2600
11/13/22 6:37:30 PM
#23:


not everything is about the tulips, walter

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ellis123
11/13/22 6:38:48 PM
#24:


Michael_Booth posted...
That only happened because of a law change:
That didn't destroy the tulip market. It prevented a complete crash of the economy because of janky tulip-based futures payments. Tulips were gone regardless, that just stopped a lot of people from losing their money.

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Frolex
11/13/22 6:40:13 PM
#25:


maybe matt damon was right about crypto bros being the new astronauts, just they're all on the Space Shuttle Challenger

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KiwiTerraRizing
11/13/22 9:46:16 PM
#26:


Frolex posted...
maybe matt damon was right about crypto bros being the new astronauts, just they're all on the Space Shuttle Challenger

Lol, god damn

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NeonTentacles
11/13/22 9:46:44 PM
#27:


Frolex posted...


LMAO


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Halo478
11/13/22 9:47:13 PM
#28:


Lakers arena is broke

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https://www.youtube.com/watch?v=KUOhpQDDME4 https://www.youtube.com/watch?v=vSF0jiKodDU https://www.youtube.com/watch?v=brqZha8_PDk
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pauIie
11/13/22 9:47:29 PM
#29:


MixedRaceBaby posted...
Whats going to happen to the stadium they are named after

is it going back to staples
i hate every single la sports team but crypto.com arena just sounds wrong

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AldousIsDead
11/13/22 9:47:50 PM
#30:


Frolex posted...
maybe matt damon was right about crypto bros being the new astronauts, just they're all on the Space Shuttle Challenger
Yes, hello? I'd like to report a murder.

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Vicious_Dios
11/13/22 9:48:15 PM
#31:


Frolex posted...


Breh...


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Halo478
11/13/22 10:01:52 PM
#32:


Ponzi and pyramid schemes are crumbling left and right

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Kloe_Rinz
11/13/22 10:04:02 PM
#33:


We want a decentralised currency because we dont want a central authority to turn to when someone steals our money, or regulations to ensure things are being run by the book and are reliable

why is my decentralised currency all gone, I want my government bailout

crypto was never anything other than gambling
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DarkRoast
11/13/22 10:05:23 PM
#34:


We want to avoid the greed and insider dealing that caused 2008, so lets do that on steroids

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#35
Post #35 was unavailable or deleted.
Temporal
11/13/22 10:24:48 PM
#36:


lmao

Wonder what's gonna happen with that 10-year UFC sponsorship deal they got going on. I remember they stopped doing the "crypto fan bonus" back in July, iirc, so things are definitely dire.
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__aCEr__
11/13/22 10:28:15 PM
#37:


I can't decide if the people in charge of these exchanges have no idea what they are doing or they know exactly what they are doing.

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1337toothbrush
11/13/22 10:30:32 PM
#38:


https://www.youtube.com/watch?v=61Q6wWu5ziY

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Kaiganeer
11/13/22 10:36:37 PM
#39:


you love to see it
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TheMikh
11/14/22 1:51:45 AM
#40:


outbound customer transactions are still being processed aside from reportedly running out of liquidity for gas on ethereum mainnet a few hours ago; not sure what the current status is.

millions of cro also reportedly being burned, but it's being claimed that this is a function of cross-chain bridging mechanics rather than initial allegations of price stabilization. in either case, the ongoing cro crash does not seem to bode well for the cronos ecosystem, or for customers who were lured into buying and staking for whatever loyalty benefits.

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Malcrasternus
11/14/22 1:54:26 AM
#41:


Frolex posted...

https://gamefaqs.gamespot.com/a/user_image/9/2/8/AAL4msAAD4Rg.jpg


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wanderingshade
11/14/22 1:56:57 AM
#42:


https://www.youtube.com/watch?v=7h3Zx4bV0RE

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YellowSUV
11/14/22 2:00:15 AM
#43:


Crypto users who don't trust modern banking find out what early 1930s banking is like.

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Tyranthraxus
11/14/22 2:10:51 AM
#44:


New crypto.com commercial

https://www.youtube.com/watch?v=gnPWJOJYVKc

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Returning_CEmen
11/14/22 2:47:45 AM
#45:




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DetectivePony
11/14/22 2:53:18 AM
#46:


Dang that didn't last long.
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Returning_CEmen
11/14/22 2:55:17 AM
#47:


Honestly I think Crypto.com will be fine. All the poorly managed exchanges will go wayside though

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#48
Post #48 was unavailable or deleted.
AceMos
11/14/22 11:44:47 AM
#49:


lets break the fatal flaw with crypto fool logic down

"dont trust banks they are evil"

ok fair enough their is alot of shady stuff that happens with banks but over all personally i still trust them with my money becaus of

"regulations are bad deregulate the banks"

err no actually regulations are good those are why i do trust them with my money those regulations stopt hem from just running off with the money i put into it

"crypto is great no regulations we cant be hurt if their is a finciacla crisis like in the mid 2000s"

uh the crisis happened because of a lack of regulations infact the ppl who caused that are heavily involved with crypto

the names at the top of the list for deregulating the banks is bankers

*crypto fool is not listening* "woooo i have so much crypto now i just need some one to give me real money for it and ill be rich"

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Tyranthraxus
11/14/22 12:02:53 PM
#50:


[LFAQs-redacted-quote]


FTX was shut down because they were literally committing fraud, got caught, and then didn't have enough liquidity in their fraud money to cover the positions they lied about having.

They didn't own a single $AMC or $GME

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