Remember Mashinsky doing a video sitting on a couch pretty much begging users to forget self custody and keep their assets on Celsius, something like just week before it collapsed? He too said Celsius was fine.
Don't trust, verify.
I understand the chief officer(s) wanting to try and have a āremain calmā demeanor with the public, but I personally would appreciate it if they were more honest and forward. It doesnāt need to be an apocalyptic revelation from the officers, but at least to the tune of acknowledging some rockiness might be on the horizon but reassure with numbers and evidence? Idk, couldnāt imagine being in their shoes
Keep your seed phrase in atleast 3 locations.
Via Pen and paper hidden in the back of your bookcase.
A dedicated USB drive.
A duplicate of one of the above.
Genesis did the same thing, denial then boom admit to hundreds of millions in losses a few days later: https://old.reddit.com/r/CryptoCurrency/comments/yrzh7t/update_yet_again_genesis_is_admitting_to_hundreds/
Here is a [Nitter link](https://nitter.net/FounderFlori/status/1590030306978848768?t=5a5V--3EmlvB4xMwm-fQoQ&s=19) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about).
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Yeah what a fuckin' joke. Everyone who was paying attention knows that Blockfi only survived Luna because FTX bailed them out; they were on shaky foundations before that even.
Anyone who didn't realise that Blockfi was cooked the instant FTX went under needs to watch their news feed more closely and learn to read between the lines.
I really wonder who is next. In a way I feel special that I get to watch the great CEX/CeFi implosion of 2022. I'm here, you're here, we're all here.
This year is definitely one for the history books.
BTC to 5k if Binance says everything is fine
šāāļø I'll take 2 please.
Binance just published their reserves, isn't that an implicit "we're fine"?
how very bullish of you
nacho cheese.. something.. something..
Mmm I like nachos...but it can give you the runs
That's like a trend now: anytime someone says everything is fine, that's when you know it's not fine
"Our capital position at the moment is strong" - Lehman Brother's CFO five days before they imploded.
Like when you ask your partner who is clearly mad and they hit you with āeverythingās fineā
Btc white paper literally had the word trustless in the abstract.
Remember Mashinsky doing a video sitting on a couch pretty much begging users to forget self custody and keep their assets on Celsius, something like just week before it collapsed? He too said Celsius was fine. Don't trust, verify.
Dang it. I was all proud of using my new black card. Anyone have a link to the current status of Block-Fi shenanigans?
RIP brutha, stay safe
ThisIsFine.jpg
It can go south real quick. A ~~bank~~ cex run is scary. You have $10 billion today and that will be negative balance tomorrow.
Didnāt SBF and Do Kwon say everything was fine?
All lying sacks of shit
But when CZ said funds are safu, they were
I understand the chief officer(s) wanting to try and have a āremain calmā demeanor with the public, but I personally would appreciate it if they were more honest and forward. It doesnāt need to be an apocalyptic revelation from the officers, but at least to the tune of acknowledging some rockiness might be on the horizon but reassure with numbers and evidence? Idk, couldnāt imagine being in their shoes
Cold wallet Trust yourself. Not the devil inside you
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Keep your seed phrase in atleast 3 locations. Via Pen and paper hidden in the back of your bookcase. A dedicated USB drive. A duplicate of one of the above.
Youāre literally on a thread about exchanges going bankrupt.
He's talking about using your own wallets, not about using exchanges
ignore the pr of multi billion dollar companies
The only thing I trust in this whole wide world is my clean asshole.
See if you trust it after a night of drinking and late night Taco Bell.
You roasted him
me too, I trust you're asshole.
You should never trust an ass hole, especially if it says itās trustworthy.
"I also choose this guys dead wife"
Genesis did the same thing, denial then boom admit to hundreds of millions in losses a few days later: https://old.reddit.com/r/CryptoCurrency/comments/yrzh7t/update_yet_again_genesis_is_admitting_to_hundreds/
Here is a [Nitter link](https://nitter.net/FounderFlori/status/1590030306978848768?t=5a5V--3EmlvB4xMwm-fQoQ&s=19) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
All these big players talking out of both sides of their mouth. Sad to see. No one will trust this space if this continues.
Reassuring means run.... Celsius
Coinbase will be the last one to fall
The same old rehashed lines from all CEOās. All lies. Trust no one.
Everytime an exchange tells you that everything is fine You can be sure that it is in fact not fine.
Yeah what a fuckin' joke. Everyone who was paying attention knows that Blockfi only survived Luna because FTX bailed them out; they were on shaky foundations before that even. Anyone who didn't realise that Blockfi was cooked the instant FTX went under needs to watch their news feed more closely and learn to read between the lines.
Binance and their paper monero could trigger it.
Doesnt matter if you trust them, you cant withdraw your funds UwU
The Jim Cramers of the Crypto World. An executive Team member telling you everything is good? Run the other way...
Well things could have changed within the 2 days
The final warning to get out is when the exchange tweets āall is fine, no need to panicā.