SBF attempted to suppress the price of bitcoin by selling customer funds. He is not the first person to try and will not be the last. Anyone that attempts it will get blown out eventually. Learn how to hold bitcoin securely yourself. Become unruggable 🫡

Replies (23)

Bitcoin is literally designed to prevent these types of actions. Just take self custody and you will never have to worry about the scammers.
Did he attempt to suppress the price or was he just selling because he needed dollar liquidity? I read the court transcripts. It sounds like the latter.
I like your, "Stack sats and stay humble" That inspired me to come up with, "Work for ₿itcoin and ₿itcoin works for you" Thanks Odell.
elevatebtc's avatar
elevatebtc 2 years ago
Hold your own keys. Stay humble and stack sats.
That is what ETF's are for, I don't know why people so excited about that fake bitcoin.
My point is that if true, BNB would be sitting much higher, not $205 and at 2 year lows. Or, If he really wanted or needed to prop it up, he would have depleted his bitcoin already, as bnb is not rising st all but going lower. which we know isn't true by tracking the wallets. One of the 2 would have to be true.
Yes, self custody or at very least transfer it out to your own wallet and back to the exchange at some regular basis to prove they still have it. Would be best to have a quarterly day that everybody on an exchange does that to prove they have it. Other than that, multisig exchanges that can’t spend your Bitcoin unless they have your signing key.