Jake Thacker

Oh, no, no, no. This was right before November. So I had transferred some out because the market started to kind of track back up a little bit. So I was going to try and use some of that that I pulled out from FTX to make up a little bit of losses that had occurred over the summertime. And so that came out around beginning of October, end of November.

Oh, no, no, no. This was right before November. So I had transferred some out because the market started to kind of track back up a little bit. So I was going to try and use some of that that I pulled out from FTX to make up a little bit of losses that had occurred over the summertime. And so that came out around beginning of October, end of November.

Oh, no, no, no. This was right before November. So I had transferred some out because the market started to kind of track back up a little bit. So I was going to try and use some of that that I pulled out from FTX to make up a little bit of losses that had occurred over the summertime. And so that came out around beginning of October, end of November.

end of September, so I'd have to go double check that, but it was before November. Because when November hit and everyone scrambled to try and figure out what was going on, I, myself, many others hit transfer, transfer funds out. Okay, great. And then it just was like that spinning wheel of death that just sat there and nothing happened.

end of September, so I'd have to go double check that, but it was before November. Because when November hit and everyone scrambled to try and figure out what was going on, I, myself, many others hit transfer, transfer funds out. Okay, great. And then it just was like that spinning wheel of death that just sat there and nothing happened.

end of September, so I'd have to go double check that, but it was before November. Because when November hit and everyone scrambled to try and figure out what was going on, I, myself, many others hit transfer, transfer funds out. Okay, great. And then it just was like that spinning wheel of death that just sat there and nothing happened.

And in even some instances, when I would log in, it would say, Transfer complete.

And in even some instances, when I would log in, it would say, Transfer complete.

And in even some instances, when I would log in, it would say, Transfer complete.

No. It's not transfer complete. It's just transfer. Their side said, the system said, we sent the proper messages to have the transfer be completed, but there was no money. There was no mechanism to actually send anything. And then it was just gone. It was just a black hole. You couldn't even go to the website and it just had their spinning logo.

No. It's not transfer complete. It's just transfer. Their side said, the system said, we sent the proper messages to have the transfer be completed, but there was no money. There was no mechanism to actually send anything. And then it was just gone. It was just a black hole. You couldn't even go to the website and it just had their spinning logo.

No. It's not transfer complete. It's just transfer. Their side said, the system said, we sent the proper messages to have the transfer be completed, but there was no money. There was no mechanism to actually send anything. And then it was just gone. It was just a black hole. You couldn't even go to the website and it just had their spinning logo.

Yeah, this was November 8th, November 9th, because it was abrupt. I mean, there were some leading indicators, right, and that kind of thing. But in all honesty, myself and others, again, in retrospect, probably should have been paying more attention. But... There was nothing in our mind where an entire platform in 24 hours, in 48 hours, could just vanish and be gone.

Yeah, this was November 8th, November 9th, because it was abrupt. I mean, there were some leading indicators, right, and that kind of thing. But in all honesty, myself and others, again, in retrospect, probably should have been paying more attention. But... There was nothing in our mind where an entire platform in 24 hours, in 48 hours, could just vanish and be gone.

Yeah, this was November 8th, November 9th, because it was abrupt. I mean, there were some leading indicators, right, and that kind of thing. But in all honesty, myself and others, again, in retrospect, probably should have been paying more attention. But... There was nothing in our mind where an entire platform in 24 hours, in 48 hours, could just vanish and be gone.

No money, no assurance, no backups, no nothing. That had not happened yet. Similar to FTX, in June, Coinbase had to freeze trades for a few days because of some liquidity issues. They needed to transfer... out some of what they had invested in, get some liquidity, put it back into user accounts and so on and so forth. And so they had X trades for a few days.

No money, no assurance, no backups, no nothing. That had not happened yet. Similar to FTX, in June, Coinbase had to freeze trades for a few days because of some liquidity issues. They needed to transfer... out some of what they had invested in, get some liquidity, put it back into user accounts and so on and so forth. And so they had X trades for a few days.

No money, no assurance, no backups, no nothing. That had not happened yet. Similar to FTX, in June, Coinbase had to freeze trades for a few days because of some liquidity issues. They needed to transfer... out some of what they had invested in, get some liquidity, put it back into user accounts and so on and so forth. And so they had X trades for a few days.

Myself and I think others were thinking that's probably what's happening here is that they have over leveraged themselves. They need to dial it back. They need to sell off some of whatever they were messing around with in order to have the liquidity pool be exactly right for the amount of volume that was being traded on the platform.

Myself and I think others were thinking that's probably what's happening here is that they have over leveraged themselves. They need to dial it back. They need to sell off some of whatever they were messing around with in order to have the liquidity pool be exactly right for the amount of volume that was being traded on the platform.