![]() The exchange, he said, was able to claw back the lion’s share of its $1 billion investment, losing a mere $10 million. No, says Marszalek, who claimed that ’s exposure to the collapse of FTX was minimal. What about FTX? Was hurt by the collapse? We have no control over what you guys buy.” “As long as our users are holding it, we’ll be holding it. “We store what our customers buy,” he said. The CEO explained that the reason was simple-the token was a “hot meme coin” last year, so many people bought it. However, you can also upload your own templates or start from scratch with empty templates. People often use the generator to customize established memes, such as those found in Imgflip's collection of Meme Templates. It’s also why the exchange’s reserves show 20% of its holdings in SHIB, the cryptocurrency based on a dog meme, said Marszalek. It's a free online image maker that lets you add custom resizable text, images, and much more to templates. If true, that means ’s solvency isn’t correlated to asset prices in the event of a crash, deposits and withdrawals should be unaffected. 7 views, 0 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from Breezy Banta: Business as usual hun jokes memes roadmen. “We do not trade customers’ assets,” he said, adding that mixing customer and corporate funds is a “terrible idea” and that it should be “outlawed.” ![]() He said that unlike FTX, which traded user funds and used its own highly volatile token as collateral for their deposits, holds customer assets one-to-one-the relevant tokens or fiat, and nothing else. Marszalek also took the opportunity to reassure investors about ’s accounting practices more broadly. Matt Schimkowitz, a senior editor at Know Your Meme, stated to Business. “The system would not allow us to send money somewhere it can’t be recovered.” and FTX Karen is a pejorative term used as slang for a middle-class white woman who is perceived as entitled or demanding beyond the scope of what is normal. What does business as usual expression mean Definitions by the largest Idiom Dictionary. or sharing a meme from Facebook that will speak to the team members. “The funds were at no risk of being lost,” he said. Definition of business as usual in the Idioms Dictionary. It breaks the tension by taking people out of their usual comfort zones but doing. Marszalek, however, said it was no big deal and that the funds were sent to ’s own whitelisted corporate account on Gate.io. The funds were returned just in time for ’s “proof of reserves,” prompting some suspicion.Ĭ’s token shed 20% of its value on the news, and at least $45 million has since been withdrawn from the exchange, according to the Wall Street Journal, as investors recall the all-too-recent FTX collapse. Make a Meme Make a GIF Make a Chart Make a Demotivational Flip Through Images. ![]() Marszalek participated in the AMA to address the weekend’s revelations that the exchange, apparently inadvertently, had dispatched $400 million to a rival exchange, Gate.io, at the end of October. “People are depositing, people are withdrawing, people are trading, there’s pretty much normal activity just at a heightened level.” “Our platform is performing business as usual,” Marszalek said in an AMA posted to Twitter on Sunday. ![]()
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