Volvobrick Supersonic July 20, 2022 Share July 20, 2022 On 7/20/2022 at 8:39 AM, Scion said: i remember just last year, read that many youngsters got very wealthy through crypto and showed off their Rolexes, cars, condos in social media... some laughed at boomers for having to work hard for decades to obtain their level of wealth wonder how they are doing now Expand Maybe still showing their rolexes, cars, condos. To potential buyers. ↡ Advertisement 5 Link to post Share on other sites More sharing options...
Karoon Turbocharged July 20, 2022 Share July 20, 2022 On 7/20/2022 at 8:39 AM, Scion said: i remember just last year, read that many youngsters got very wealthy through crypto and showed off their Rolexes, cars, condos in social media... some laughed at boomers for having to work hard for decades to obtain their level of wealth wonder how they are doing now Expand Should be well, if they had cashed out to buy stuff. Only maybe no more friends/relatives whom they recruited later and paid for their stuff. Link to post Share on other sites More sharing options...
Windwaver Turbocharged July 21, 2022 Share July 21, 2022 https://news.yahoo.com/singapore-crypto-lender-reportedly-owes-041412677.html Singapore crypto lender reportedly owes retail investors US$363 million Singapore-based Vauld owes creditors US$402 million, with 90% of the debt owed to individual investors, according to a document filed to Singapore’s High Court on July 8 by Vauld co-founder and CEO Darshan Bathija, The Block reported. Fast facts The troubled crypto lender owes a total of US$125 million to its 20 largest unsecured creditors, as well as US$35 million to an unnamed secured creditor and US$4.1 million to secured creditor FTXTrading Ltd, according to the filing. Vauld revealed that its total assets are about US$330 million, and the company has a funding gap of about US$70 million, according to a report last week. On July 8, Vauld filed for protection against creditors and lawsuits in a Singapore court, to give it “the breathing space” and to prepare for restructuring, according to its announcement. On July 5, London-based rival Nexo began the process for a potential acquisition of Vauld, pending a 60-day period to conduct due diligence. On July 4, Vauld froze withdrawals citing “financial challenges.” Vauld said it continues to negotiate with Nexo, and a Nexo spokesman said the application to the Singapore court “will in no way affect Nexo’s ability to conduct due diligence,” according to a report from Vigour Times. 1 Link to post Share on other sites More sharing options...
Windwaver Turbocharged July 21, 2022 Share July 21, 2022 https://sg.linkedin.com/in/darshanbathija1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic July 21, 2022 Share July 21, 2022 https://www.businesstimes.com.sg/garage/crypto-exchange-zipmex-halts-withdrawals-citing-partners Another one bites the dust.... 1 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic July 21, 2022 Share July 21, 2022 Toy soldiers, one by one they fall.. Link to post Share on other sites More sharing options...
Scion Turbocharged July 21, 2022 Share July 21, 2022 On 7/21/2022 at 6:50 AM, Fcw75 said: Toy soldiers, one by one they fall.. Expand Step by step Heart to heart Left, right, left We all fall down Like toy soldiers nice old song 😁 4 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic July 21, 2022 Share July 21, 2022 On 7/21/2022 at 7:51 AM, Scion said: Step by step Heart to heart Left, right, left We all fall down Like toy soldiers nice old song 😁 Expand Martika. 😁 2 Link to post Share on other sites More sharing options...
mersaylee Hypersonic July 21, 2022 Share July 21, 2022 On 7/21/2022 at 7:55 AM, Fcw75 said: Martika. 😁 Expand More like mati kita for those vested losers...😁 4 Link to post Share on other sites More sharing options...
Stary Turbocharged July 21, 2022 Share July 21, 2022 I would think most big investors would have save their crypto into a cold wallet? Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 21, 2022 Share July 21, 2022 Only fools got burn by crypto. No big deal lah. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 21, 2022 Share July 21, 2022 On 7/19/2022 at 4:03 PM, Vratenza said: Why must wait for billion dollars to be defrauded from the people then MAS "tighten" the crypto industry? Expand Becos we have been a reactive country since the 1st gen leaders handed over. everything today is react, not act first. 2 1 Link to post Share on other sites More sharing options...
Vratenza Supersonic July 21, 2022 Share July 21, 2022 On 7/21/2022 at 8:39 AM, Throttle2 said: Becos we have been a reactive country since the 1st gen leaders handed over. everything today is react, not act first. Expand Yes.... Like I said...they seem to like hind sight so much... I am beginning to think they are rear admirers.... Oops... Some actually were 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic July 21, 2022 Share July 21, 2022 Heng I top up CPF 2 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 21, 2022 Share July 21, 2022 On 7/21/2022 at 6:23 AM, Volvobrick said: https://www.businesstimes.com.sg/garage/crypto-exchange-zipmex-halts-withdrawals-citing-partners Another one bites the dust.... Expand Woohooo…. 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 21, 2022 Share July 21, 2022 (edited) any crook can set up shop as crypto exchange nabei … like open illegal casino at geylang the best part is the casino is kelong one … you win cannot take money out you lose … all makan … Edited July 21, 2022 by Wt_know 1 3 Link to post Share on other sites More sharing options...
Vratenza Supersonic July 21, 2022 Share July 21, 2022 On 7/21/2022 at 6:23 AM, Volvobrick said: https://www.businesstimes.com.sg/garage/crypto-exchange-zipmex-halts-withdrawals-citing-partners Another one bites the dust.... Expand Halts withdrawal is to buy time for ownersl to clear out his holdings before the eventual collapse. 1 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic July 21, 2022 Share July 21, 2022 Govt already say don’t play crypto liao ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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