There are lots of them including the aforementioned Nabana.
Now that FTX, one of the largest crypto exchanges has filed for Chapter 11 Bankruptcy this morning, I expect the Bitcoin shop in Cabarete to remain very busy as nervous investors seek answers. Any holdings that the Bitcoin shop in Cabarete advised upon and/or placed with FTX, no matter what crypto, are essentially worthless. Estimates are 8 Billion in losses to "investors" in that exchange............and lots of small shops that advised/suggested to use FTX are now having their phones light up.........and lots of in person visits.
Respectfully,
Playacaribe2
I do not think the shop in Cabarete can do anything for people who bought something via FTX.
I think the losses ere more than $8 Billion
The only people allowed to get any money out were Bahamian residents or companies.
Most of the money has been laundered and stolen and you can be certain Sam Bankman-Fried got his billion stashed away along with the mansion he owns in the Bahamas. Not to mention some famous political campaigns that took his 'contributions' (other people's money).
There was a report this morning in the Financial Times that $260 million of Crypto coins were withdrawal from wallets at FTX in a recent '
hack'.
If your Bitcoin (or other crypto) was held at FTX, nothing in the Cabarete store can be done to restore it (and it is not that store's fault). I feel bad for those who got duped - I think this is the beginning of the end for 'Crypto Wallets'.
If you can't explain it don't invest in it -
that's my policy.
As Ron White said: "I didn't used to have a policy, but now I got that one".
PT Barnum has been proved right once again.
I think the Darwin awards this year have some new nominees.
