Sorry guys.. been in disbelief the past week. I've been wor..
🕑 Added 2022-11-14 04:21:46 +0000 UTC
Sorry guys.. been in disbelief the past week. I've been working on a Web3 dApp the past 8-9 months. Have been in talks with a small VC firm recently that's been buying up everything and said they'd buy it now as is for a price that would allow me to finally live comfortably again. Plans to finalize deal was set for Wednesday the 16th. I legit couldn't fucking wait because this year has been rough as fuck after an incident that took my safety net to zero.
Then... last week happened. The fastest growing and 2nd largest crypto exchange in the world had the biggest, most surprising, fastest meltdown anyone has every seen. Company valued at $32B on Monday, and by Wednesday filed for bankruptcy. Billions in customer funds.. gone. Life savings, pension plans, etc. All gone. Because being worth billions was not enough I guess.
Many other firms also kept funds on this exchange becuase they offered great interest rates and/or was a requirement after getting funding through this giant. Many of these firms have already or will go bankrupt because of this. Including the one that was going to finally get me back on track in 3 very short days.
So I just want to give a big fuck you to FTX and now former ceo Sam Bankman Fried for not only ruining my deal, but for causing so much panic, fear, and loss in an industry thats already had such a shit year that the odds of finding a new deal will be basically slim to none. 👏👏👏
I know this isn't the platform for bitching and most prob wont even read this since I'll be adding no media to it. And Im not asking for anything either.. you guys already bailed me out enough. And i appreciate that so much. But The hole is too big now. My landlord has graciously given me extentions for past 2 months after showing proof of upcoming deal. Same thing for other bills and even a loan from a friend. Had all my eggs in this basket. Not sure what comes next but I'll be trying to post as much as possible next few days. Thanks for reading if you made it this far.
