Crypto Exchange Founder Disappears with $2 Billion
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merry christmas — 4 years ago(April 25, 2021 12:51 AM)
Canada's largest cryptocurrency exchange, QuadrigaCX, imploded in 2019. $250 million was "lost" when it turned out to be a Ponzi scheme. The official story is that the owner "died aged 30 from complications with Crohn's disease while volunteering at an orphanage in India." Nobody is certain that he actually died. I suppose it's possible that a con artist running a Ponzi scheme might volunteer at an orphanage in India but it sounds far-fetched.
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ZolotoyRetriever — 4 years ago(April 25, 2021 01:44 AM)
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In the latest development in this bizarre saga, in a statement published from an unknown location, Thodex CEO Faruk Fatih Ozer promised to repay investors and to return to Turkey to face justice after he did.
“I was born as one of the three siblings of a civil servant,” Ozer said in his statement, adding that he’s a high-school dropout. As the company ran into financial trouble, he said he thought about either committing suicide or giving himself up to authorities, but both of those options meant clients’ assets would never be retrieved.
“So I decided to stay alive and fight, work and repay my debts to you,” he said. “The day I repay all my debt, I will return to my country and give myself in to justice.”
Narrator: "he won't return."
Full article:
https://www.zerohedge.com/crypto/dozens-arrested-after-ceo-turkish-crypto-exchange-flees-2-billion -
The<>Mechanic — 4 years ago(April 25, 2021 03:40 AM)
Is a bit coin ,an actual coin ,backed by anything physical ? To me it’s something created out of thin air, and the power of people believing anything thing they here on the internet is what drives its value.
Ho Ho Ho -
DrakeStraw — 4 years ago(April 25, 2021 04:30 AM)
To make any money, you have to find a bigger fool to buy your coin. It's a house of cards that will come crashing down some day, but that's true of all fiat currencies. The only money investments that interest me involve gold and silver.
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The<>Mechanic — 4 years ago(April 25, 2021 04:37 AM)
Very true ,even that game stop bullshit was such that at one point if everyone wanted to sell their shares ,they would of been ****ed. And to all these idiots that think they ****ed the rich over , by that squeeze , they also ****ed over peoples 401k’s and the game stop CEO still got a 173 million dollar buy out.
Ho Ho Ho