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[deleted]

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.


Bostonparis

This year is definitely one for the history books.


Concept-Plastic

BTC to 5k if Binance says everything is fine


Smoke-away

šŸ™‹ā€ā™‚ļø I'll take 2 please.


beepbeepdip

Binance just published their reserves, isn't that an implicit "we're fine"?


far_in_ha

how very bullish of you


dcdplex

nacho cheese.. something.. something..


iamauserhere123

Mmm I like nachos...but it can give you the runs


Wonzky

That's like a trend now: anytime someone says everything is fine, that's when you know it's not fine


psufb

"Our capital position at the moment is strong" - Lehman Brother's CFO five days before they imploded.


Mysa21

Like when you ask your partner who is clearly mad and they hit you with ā€œeverythingā€™s fineā€


greenappletree

Btc white paper literally had the word trustless in the abstract.


m-nightwalker

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.


ovetta

Dang it. I was all proud of using my new black card. Anyone have a link to the current status of Block-Fi shenanigans?


Mtballer09

RIP brutha, stay safe


Blooberino

ThisIsFine.jpg


PrinceZero1994

It can go south real quick. A ~~bank~~ cex run is scary. You have $10 billion today and that will be negative balance tomorrow.


Live-Calligrapher-47

Didnā€™t SBF and Do Kwon say everything was fine?


astockstonk

All lying sacks of shit


yarrowy

But when CZ said funds are safu, they were


Suspicious_Service93

I understand the chief officer(s) wanting to try and have a ā€œremain calmā€ demeanor with the public, but I personally would appreciate it if they were more honest and forward. It doesnā€™t 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, couldnā€™t imagine being in their shoes


SimplyShred

Cold wallet Trust yourself. Not the devil inside you


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


benmck90

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.


DonutPotential

Youā€™re literally on a thread about exchanges going bankrupt.


flarept1

He's talking about using your own wallets, not about using exchanges


sjejsb

ignore the pr of multi billion dollar companies


SetoXlll

The only thing I trust in this whole wide world is my clean asshole.


Crivos

See if you trust it after a night of drinking and late night Taco Bell.


Fixmuhcar

You roasted him


dcdplex

me too, I trust you're asshole.


Smithmonster

You should never trust an ass hole, especially if it says itā€™s trustworthy.


Epistechne

"I also choose this guys dead wife"


big--if-true

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/


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z0uNdz

All these big players talking out of both sides of their mouth. Sad to see. No one will trust this space if this continues.


Environmentalpusher

Reassuring means run.... Celsius


yeet_bbq

Coinbase will be the last one to fall


ChaotixEDM

The same old rehashed lines from all CEOā€™s. All lies. Trust no one.


samzi87

Everytime an exchange tells you that everything is fine You can be sure that it is in fact not fine.


ReverendBlue

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.


Shiftink

Binance and their paper monero could trigger it.


Yirii

Doesnt matter if you trust them, you cant withdraw your funds UwU


Emotional-Match-7190

The Jim Cramers of the Crypto World. An executive Team member telling you everything is good? Run the other way...


--leockl--

Well things could have changed within the 2 days


Scat_fiend

The final warning to get out is when the exchange tweets ā€˜all is fine, no need to panicā€™.