Posted on 11/16/2022 1:40:43 PM PST by artichokegrower
BERKELEY, Calif. - Cal Athletics appears to be dealing with the aftermath of the recent collapse of cryptocurrency FTX.
Last week, the crypto exchange filed for Chapter 11 bankruptcy protection after its value tanked in a matter of just 9 days. According to a UC Berkeley report, Cal Athletics is one of those affected by the collapse.
(Excerpt) Read more at ktvu.com ...
Oops
LMAO
couldn’t happen to a more deserving institution !
Can you expand on that????
Easy fix, Bears: “Donald J. Trump, Jr. Field”
Stupid libtard insane asylum doesn’t know any better than to take fake currency
I would laugh my ass off it it was USC and their football coach came back hat in hand to OU.
What a picture.
Gee, that’s too bad...
All these liberal institutions thought they were putting one over the rest of the population, thinking they could get rich and enhance their social positions over the rest of the population.
Why does anyone leave crypto currency in someone else’s hands? Only let it bounce through on the way to a transaction—not sit there with someone else literally given your keys!
These are not “banks,” folks. They are grift channels that can occasionally perform a legal transaction.
Stupid!
Besides the obvious fraud that going on, there is something missing that has not been talked about in the media.
FTX began operation only 3 years ago in 2019, throw in 2 years during Covid and somehow, they accumulated billions in customer deposits and managed to get all kinds of professional athletes and entertainment industry types to invest and endorse the company. The 29-year-old whiz kid who started the company was meeting with Bill Clinton and Tony Blair who were supposedly paid endorsers, that did not come cheap.
They were literally an overnight sensation, makes me wonder how that happened.
I wonder if powerful Democrats talk them up or was there more to it than that.
Was the Democratic party setting up a major money laundering operation.
B-b-but the blockchain, and the distributed computing, and the peer-to-peer distributed ledgers!
welcome news
There is no question that it was a laundering scheme.
It would have been communicated through back channels, like social events and phone calls and unofficial meetings.
Until the news of the collapse came, I never heard of FTX before, so it was obviously those who bought into it were invited to meet for an opportunity that wasn’t being given to just anybody.
I was watching the OSU/OU game last year, cheering for Caleb Williams to finish that last drive.
I had no idea I was rooting against my own interests the entire time.
Now I get to watch 9-1 SC get ready for a monster late season finish.
Thanks Sooners!
taking it is one thing, why it wasn’t immediately converted into something more stable is another...
crypto is a medium of exchange and nothing more! damn
Democrats thrive on corruption and Biden is the most corrupt Prez in history.
I don’t even understand why anyone would use cryptocurrency for any transaction in the first place.
I understand some crypto such as Bitcoin have gone way up in value over the years, so apparently there is some attraction as an investment vehicle. I myself have never had anything to do with cryptocurrency because I really just don’t understand how it works or why people use it.
I am not a believer in Cryptocurrencies, so I don’t seek out information about the subject, which is why I had not heard about FTX until the collapse happened.
But it is remarkable that a startup company could accumulate that type of money and have some of the biggest celebrities in Professional Sports, Entertainment and Politics doing business with them, not to mention their connection to Ukraine.
Caleb Williams is typical of the kind of player Lincoln Riley can recruit. Venables + SEC is going to be a disaster. Oh well...
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