Binance Square

FTXCrash

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Ellie Ozden
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🤯 Bro… this guy literally played with BILLIONS! 💸🔥 Sam wasn’t your Wall Street type in suits 👔 — he looked more like a gamer who just rolled out of bed 🎮😂. Yet, he became the face of crypto with FTX everywhere: Super Bowl ads 🏈, celeb shoutouts 🌟, even an NBA arena 🏟️. People trusted him… big mistake. ❌ Behind the scenes? 💀 Billions in customer deposits were secretly moved to Alameda Research for risky bets. When crypto crashed in 2022, the hole was too big to cover. 🚨 Withdrawals exploded, panic spread, and FTX collapsed in just a week — leaving $8–11B missing. 💔 In court, Sam claimed it was “bad decisions, not fraud.” 😬 But the jury disagreed. In 2024, he got 25 years in prison ⛓️. From crypto golden boy ✨ to cautionary tale ⚠️: Never trust the hype. $BTC | $ETH | $GUN #CryptoLessons #FTXCrash #Binance {spot}(BTCUSDT) {spot}(ETHUSDT) {spot}(GUNUSDT)
🤯 Bro… this guy literally played with BILLIONS! 💸🔥

Sam wasn’t your Wall Street type in suits 👔 — he looked more like a gamer who just rolled out of bed 🎮😂. Yet, he became the face of crypto with FTX everywhere: Super Bowl ads 🏈, celeb shoutouts 🌟, even an NBA arena 🏟️. People trusted him… big mistake. ❌

Behind the scenes? 💀 Billions in customer deposits were secretly moved to Alameda Research for risky bets. When crypto crashed in 2022, the hole was too big to cover. 🚨 Withdrawals exploded, panic spread, and FTX collapsed in just a week — leaving $8–11B missing. 💔

In court, Sam claimed it was “bad decisions, not fraud.” 😬 But the jury disagreed. In 2024, he got 25 years in prison ⛓️.

From crypto golden boy ✨ to cautionary tale ⚠️: Never trust the hype.

$BTC | $ETH | $GUN

#CryptoLessons #FTXCrash #Binance
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Bullish
- 🚫 Even the biggest names can be built on zero transparency. - 🧠 Intelligence ≠ integrity. - 💸 “Not your keys, not your coins” isn’t just a slogan — it’s survival. - ⚖️ Misusing customer funds = criminal, no matter how smart the excuse sounds. FTX looked untouchable — until it collapsed in *days*. Now SBF's 25-year sentence is a landmark moment in crypto history. Lesson? Trust math, not personalities. And always stay in control of your own assets. #CryptoHistory #FTXCrash #RiskManagement #BTC
- 🚫 Even the biggest names can be built on zero transparency.
- 🧠 Intelligence ≠ integrity.
- 💸 “Not your keys, not your coins” isn’t just a slogan — it’s survival.
- ⚖️ Misusing customer funds = criminal, no matter how smart the excuse sounds.

FTX looked untouchable — until it collapsed in *days*. Now SBF's 25-year sentence is a landmark moment in crypto history.

Lesson? Trust math, not personalities. And always stay in control of your own assets.

#CryptoHistory #FTXCrash #RiskManagement #BTC
💣 FTX Collapse: The Fall of a Crypto Empire In November 2022, one of the largest and most trusted crypto exchanges, FTX, filed for bankruptcy — wiping out billions of dollars in user funds and shaking the entire crypto industry. 🏛️ Led by founder Sam Bankman-Fried (SBF), FTX was known for its sleek interface, aggressive marketing, and institutional partnerships. But behind the scenes, the company was secretly misusing customer deposits through its trading arm, Alameda Research. 📉 When leaked financial documents raised concerns, rival exchange Binance announced it would dump its FTT tokens — triggering a bank run. Within 72 hours, FTX collapsed. ⚖️ SBF was later arrested and charged with fraud, conspiracy, and money laundering. The trial became a global media event, exposing deep flaws in crypto governance. 💡 The FTX crash is now considered “Crypto’s Lehman Brothers Moment”, prompting regulators worldwide to draft stricter laws on exchanges and custodians. 🏷️ #FTXCrash #SBF #CryptoFraud #CryptoHistory #Crypto2025
💣 FTX Collapse: The Fall of a Crypto Empire

In November 2022, one of the largest and most trusted crypto exchanges, FTX, filed for bankruptcy — wiping out billions of dollars in user funds and shaking the entire crypto industry.

🏛️ Led by founder Sam Bankman-Fried (SBF), FTX was known for its sleek interface, aggressive marketing, and institutional partnerships. But behind the scenes, the company was secretly misusing customer deposits through its trading arm, Alameda Research.

📉 When leaked financial documents raised concerns, rival exchange Binance announced it would dump its FTT tokens — triggering a bank run. Within 72 hours, FTX collapsed.

⚖️ SBF was later arrested and charged with fraud, conspiracy, and money laundering. The trial became a global media event, exposing deep flaws in crypto governance.

💡 The FTX crash is now considered “Crypto’s Lehman Brothers Moment”, prompting regulators worldwide to draft stricter laws on exchanges and custodians.

🏷️ #FTXCrash
#SBF
#CryptoFraud
#CryptoHistory
#Crypto2025
💸 FTX Fallout Echoes Again! Temasek Slams the Brakes on Crypto Startups ⚠️ Singapore’s sovereign giant Temasek has gone from bold bets to brutal lessons — slashing early-stage investments after a $275M wipeout from FTX. Once a believer in the crypto dream, now a symbol of caution — Temasek retreats, burned by overhyped promises and token traps. From eFishery fraud to FTX fiction, the fund is shifting gears, going from moonshots to mission control. 🚀⛔ The message is loud: Crypto needs more than hype — it needs hard truth. 🔍 Will others follow suit… or double down on the next wave? #FTXCrash #TemasekExit #CryptoInvesting #VCFreeze #BinanceSquare
💸 FTX Fallout Echoes Again! Temasek Slams the Brakes on Crypto Startups ⚠️

Singapore’s sovereign giant Temasek has gone from bold bets to brutal lessons — slashing early-stage investments after a $275M wipeout from FTX.

Once a believer in the crypto dream, now a symbol of caution — Temasek retreats, burned by overhyped promises and token traps.

From eFishery fraud to FTX fiction, the fund is shifting gears, going from moonshots to mission control. 🚀⛔

The message is loud: Crypto needs more than hype — it needs hard truth.

🔍 Will others follow suit… or double down on the next wave?

#FTXCrash #TemasekExit #CryptoInvesting #VCFreeze #BinanceSquare
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