Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fillippone]

Well played CZ, well played.

[Toxic2040]

Looks like SBF and CZ have reached an accord
https://twitter.com/SBF_FTX/status/1590012124864348160?t=MOxZPPc6N71FsJcMQD-IwQ&s=19

*edit
   rascalled again

[shahzadafzal]

Apparently battle is over Binance (CZ) is acquiring FTX.com

Ok CZ won but at what cost?

https://twitter.com/cz_binance/status/1590013618044952578

[nutildah]

come on buddy drop us under 19k.

Not today Phil.

Post Sam/CZ coitus pump incoming.

[philipma1957]

come on buddy drop us under 19k.

Not today Phil.

Post Sam/CZ coitus pump incoming.

too bad. while i am set either way i would prefer a solid drop over a small pump.

23k would be nice but not likely.

[BobLawblaw]

Well played CZ, well played.

[HI-TEC99]

A big green dildo!

[HI-TEC99]

Assuming the IRS-CI folks actually took custody of the BTC, How in THE HELL did Zhong justify storing ~50k BTC in a way so insecure that this could even happen?  Maybe they only have the addresses, and the private keys are somehow secure (like maybe a simple BIP39 passphrase???).

I am all for keeping your setup simple so you don't lose the coins via complication.  But there is either more to this story, or our dear "Loaded" was incredibly  ill prepared.

Reading through the court document it sounds like the feds just knocked on his door and said "Give us your Bitcoins." And he said "OK." He was also ill-prepared.

...

They found some in a popcorn tin in his bathroom, and those look like casascius coins, or some other type of physical bitcoins.



https://www.bbc.com/news/technology-63547765

Officers say they found the Bitcoin dotted around his home on hard drives and other storage devices in an underfloor safe and on a tiny computer hidden inside a popcorn tin in a bathroom closet.

[ChartBuddy]

Explanation

[OutOfMemory]

It's OK if CZ truly is - and remains to be - the "good guy" as he presents himself.
Pisspot SBF should have fucked off way earlier, imo.

[xhomerx10]

https://twitter.com/bradmillscan/status/1589810716374339584

It is hard for me to imagine how someone can gamble with someone's pensions in this way, unless they are bribed or totally incompetent. Just 2 months ago, their CEO spoke like this :

“In terms of the risk profile, it is probably the lowest risk profile you can have in that it’s everybody else is trading on your platform,” OTPP CEO Jo Taylor told Reuters last week.

 I don't know about the others but the Ontario Teachers' pension fund is flush.  They currently have over $700k in assets per teacher (working and retired).  With over $200 billion to invest, I'm not surprised some of it ended up at Celcius... probably a nothing burger with cheese.

[El duderino_]

[El duderino_]

Where the dude at
?

[xhomerx10]

Assuming the IRS-CI folks actually took custody of the BTC, How in THE HELL did Zhong justify storing ~50k BTC in a way so insecure that this could even happen?  Maybe they only have the addresses, and the private keys are somehow secure (like maybe a simple BIP39 passphrase???).

I am all for keeping your setup simple so you don't lose the coins via complication.  But there is either more to this story, or our dear "Loaded" was incredibly  ill prepared.

Reading through the court document it sounds like the feds just knocked on his door and said "Give us your Bitcoins." And he said "OK." He was also ill-prepared.

...

They found some in a popcorn tin in his bathroom, and those look like casascius coins, or some other type of physical bitcoins.



https://www.bbc.com/news/technology-63547765

Officers say they found the Bitcoin dotted around his home on hard drives and other storage devices in an underfloor safe and on a tiny computer hidden inside a popcorn tin in a bathroom closet.

They always have to make it sound so dramatic.  Fuckin' hidden floor safe, popcorn tin or whatever.  Most people don't overtly display easily removable items of value even inside their own homes.
Initially, I would imagine everything in his house should have been "hidden" from the police officers.   For example, I have some underarm deodorant hidden in a shaving kit stuffed away in a gym back hidden under a crib in my bedroom but that's just were I keep it between workouts...  there might be some bitcoin on a USB stick wrapped in some stinky socks hidden in the side pocket of it too but nobody knows about either of those items!  Oops.

[El duderino_]

[eXPHorizon]

Taiwan pc coffie shopd or wtf they called

Code:

[xhomerx10]

Where the dude at
?

 Carvalhal beach, Portugal.

[ChartBuddy]

Explanation

[goldkingcoiner]

WTF was that last candle on the 4h chart? FTX FUD still going strong despite the Binance aquisition news? Whats pushing the sell off?

[philipma1957]

WTF was that last candle on the 4h chart? FTX FUD still going strong despite the Binance aquisition news? Whats pushing the sell off?

chart buddy is under my control and will drop us under 19k