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Crypto Exchange AAX Suspends Operations for 7 to 10 Days, What’s Going On?

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66 comments on Crypto Exchange AAX Suspends Operations for 7 to 10 Days, What’s Going On?

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Integration Issue or Fraud Issue?

An ATX notice says “Due to the current market situation, the integration is taking longer than usual.”

Is this an integration issue or something else?  

Please consider the AAX announcement Forward Through Adversity.

  1. AAX scheduled a system upgrade that will help protect our users from the multiple malicious attacks that we’ve observed during this vulnerable time. Due to the failure of our third-party partner, some users’ balance data were found abnormally recorded in our system. Hence, limiting our services to prevent further risks, the technical team has had to manually proofread and restore the system to ensure maximum accuracy of all users’ holdings.
  2. AAX will continue our best efforts to resume regular operations for all users within 7-10 days to ensure the utmost accuracy. In this light, withdrawals have been suspended to avoid fraud and exploitation. We understand it is important for users to be able to withdraw and transact as soon as possible, and we are working extremely hard to offer limited withdrawals to minimize risk.
  3. Meanwhile, we have created an AAX User Withdrawal Request Form for withdrawal and other operational requests. Our Customer Service Team will follow up and strive to resolve the requests manually one by one in close coordination with our security, operations and compliance team to ensure a smooth process. Expect manual withdrawals to take longer than usual.
  4. AAX has set up a dedicated Task Force to closely monitor the situation and provide daily updates everyday at 12:00pm (UTC+8) on our official social media and telegram communities, including the status for daily withdrawals and the progress of our system updates. And we seek to provide the highest level of transparency on our liquidity and risk management.

“Due to the failure of our third-party partner, some users’ balance data were found abnormally recorded in our system.”

Questions Abound

  • How long has this been going on?
  • Did any money leave the exchange? 
  • Proofread accounts! WTF does that even mean? 
  • If money was stolen, how much?
  • Who is the third party?
  • Why did a third party have the access that it did to manipulate account data?

Beat the Rush

Consider using the AAX User Withdrawal Request Form to get your funds out now. 

But don’t be surprised if it’s too late already.

And by the way, due to the third party hack, consider the possibility someone has access your userID, email address, phone number etc.

Blaming a third party is lame. Who gave access to the third party?

FTX Apology Isn’t Good Enough

Is fraud a better word than hollow?

For more on the unraveling of crypto exchanges, please see The Crypto Casino Fails, FTX Files for Bankruptcy $8 Billion in the Hole

Also see FTX US Declares Bankruptcy Too, What About the FTX Arena?

I smell criminal indictments and lots of them. This time don’t expect bailouts.

This post originated at MishTalk.Com.

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Mike Shedlock

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66 Comments
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Oldest Most Voted
KidHorn
KidHorn
3 years ago
Reminds me of CEOs blaming short selling for price drops. Not poor balance sheets.
Crypto is worthless. It’s likely being propped up by big buyers hoping to offload their holdings at higher prices. Only a huge sucker would be investing in crypto now.
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JackWebb
JackWebb
3 years ago
I just read that it costs ~$15,000 to “mine” a bitcoin. Now, I know that manufacturers are famous for producing even if the price goes below the marginal cost of production, typically because of shutdown and restart costs, along with strategic reasons, i.e. not wanting to lose long-term customers. That doesn’t operate in so-called “DeFi,” now does it? So I’m thinking the real fun begins when the first digits are 1 and 4. This will be fun.
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phil
phil
3 years ago
Reply to  JackWebb
maybe to add on (either that or I’m lost) when did the cost of mining and refining gold ever factor into the price of gold? or silver for that matter.
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KidHorn
KidHorn
3 years ago
Reply to  phil
It always has. When the price drops too low, miners mine a lot less until the price goes back up.
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StukiMoi
StukiMoi
3 years ago
Reply to  JackWebb
The “cost of mining a bitcoin”, is competitively determined. It’s a race. Or an auction. Not a set of universal physical constraints.
The price no more “needs” to start with 15, than one “needs” to be 7ft to try throwing a ball into a hoop.
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JackWebb
JackWebb
3 years ago
Reply to  StukiMoi
Fair enough. You make a solid point there. I was thinking that cost of production would be a sort of rubicon, but I freely admit that I’m ignorant. My short position (via MSTR puts) is not grounded in detailed analysis.
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JackWebb
JackWebb
3 years ago
I see that Bitcoin had a deadcat bounce after it went below $16,000, but now it’s breaking back down. Should be an interesting week.
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Maximus_Minimus
Maximus_Minimus
3 years ago
I am not worried as longer as crypto exchange XXY is OK.
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Avery
Avery
3 years ago
SEC, DOJ, FBI ON IT!!!
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Siliconguy
Siliconguy
3 years ago
I would guess “proofread accounts” is a line by line audit or checkbook balancing sort of function. The spreadsheet is messed up and now it’s cell by cell error hunting. Where did this number come from, which other cells relied on this number. It’s especially fun (for certain definitions of fun) when Indirect calls are used.
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JackWebb
JackWebb
3 years ago
The next one to watch is Elon Musk. Twitter could easily be his complete undoing. Twitter is only the vehicle to get at him. It has nothing to do with Tesla. It’s all about Starlink. I have never been a Musk fan, but I was curious enough to hang out there for 10 days before the election. What a disaster in every respect I can think of; I scratch my head wondering why Musk didn’t just swallow the $1 billion non-performance penalty and walk away.

If, as I suspect, he now has to liquidate a whole lot more to pay off the Twitter obligation, it could endanger Space-X and Starlink. The latter is a highly legitimate and revolutionary enterprise that will become the biggest telecom provider the world has ever seen. Does the guy realize the degree to which he’s now in the crosshairs? Starlink’s value will be in the trillions. For Musk’s sake, I hope he’s smarter than he looks.

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TexasTim65
TexasTim65
3 years ago
Reply to  JackWebb
I laugh at the idea Starlink is going to be worth trillions.
Why would anyone want to switch to slower internet speed (it’s not physically possible to beam to/from low earth orbit faster than going direct over fiber networks), have to put up a ugly dish on their roof and pay more than they do to AT&T or Comcast? There’s a reason satellite TV (ie Direct TV) never over took any of the terrestrial broadcast companies and is now virtually extinct.
Yes, Starlink is great for VERY rural people but that’s probably <10% of America and 5% of even more densely populated Europe.
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JackWebb
JackWebb
3 years ago
Reply to  TexasTim65
Starlink now has between 3,000 and 4,000 birds flying, with the goal being 44,000. Musk is a whackjob in many ways, but Tesla has always hit its targets (okay, some lags) and I think Starlink will launch the other 40,000. Over time, they’ll become cheaper and more capable. Rural broadband in the U.S. is only the first application. Starlink is Windows, and there’ll be plenty of apps. You’ll see.
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StukiMoi
StukiMoi
3 years ago
Reply to  JackWebb
“Twitter could easily be his complete undoing.”
Infinitely more interesting than teengirl celebrity gossip, is the simple truism that the very existence of “Elon Musk,” is nothing more than a result of America’s complete undoing.
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JackWebb
JackWebb
3 years ago
Reply to  StukiMoi
I’m no fan of Tesla cars, mainly because of build quality and lack of service, but the company is real and making money. SpaceX is real and making money. More like America doing rather than undoing. The Twitter involvement is baffling to me.
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JackWebb
JackWebb
3 years ago
I laughed hard at FTX’s “apology.” Hey, guys, there are words and there are numbers. We only care about the numbers. LOL
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Webej
Webej
3 years ago
“Honey, have you finally gotten around to paying that dentist bill?”
“No, not yet.”
“Well what’s the matter? Why can’t you get it done? They’re threatening a collection agency!
“I’m proof-reading our balance totals.”
“It takes 7-10 days.”
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SAKMAN
SAKMAN
3 years ago
These “data”, I refuse to call them currencies because they aren’t used like a currency, have no intrinsic value. The value they have is because of market scarcity created by “whales” that HODL, and the idiots who let them leverage the false value. Indeed people have gotten rich off of it. However, bitcoin and its spawn will go down as the biggest financial scam ever.
That’s what is going on.
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JackWebb
JackWebb
3 years ago
Reply to  SAKMAN
Yep, you had people trade actual currency for virtual “currency” without stopping to realize the fundamentals of currencies. They bought into the fiction that virtual currencies would replace actual currency. It was a derivative of the gold standard but without the gold. Now they’re the road runner who looks down and realizes that he’s not standing on anything but is suspended in mid-air. Yikes! What now?!
The same thing has happened before, and recently, my favorite examples being Worldcomm and WinStar Communications. The latter is the best, because WinStar really didn’t have much of anything by way of assets. They touted themselves as RBOC bypassers, meaning that they’d use millimeter wave radios to get around the Regional Bell Operating Company networks, with millimeter wave represented as “wireless fiber.”
Small problem: The radios didn’t work. See, they call it millimeter wave because that’s how tall the waves are. Oops! Snow, dense rain, fog, and even leaves on trees block the waves. I know, for example, that WinStar stuck radios on top of the building in Boston occupied by Fidelity Investments, only to have that equipment removed after a month or two. Did that stop WinStar, or Fidelity, whose venture arm held Round A shares in WinStar? Not at all.
WinStar yammered about wireless fiber, but in reality they leased space from the RBOCs on their fiber. They gained customers, but the terms made it impossible to make any money. But the top line grew, and during the first tech boom of the late 1990s there was an appetite for the bypass idea, and investors figured it’d be like, say, cable TV or cellular, with early losses and then profits. Fidelity made a pile of money on the IPO; WinStar lost money on every customer and didn’t exactly make it up on volume. Splat.
The same thing happened with a related segment, the CLECs, or Competitive Local Exchange Carriers. Their thing was DSL over copper loops leased from the RBOCs. Fun while it lasted, and fraudulent as hell. Another venerable name, Cisco Systems, would sell DSLAMs (Digital Subscriber Line Access Multiplexers) to be attached to those leased loops. They’d sell at full price AND send the CLECs a check for 25% of the purchase price. Everything was on credit, but under GAAP Cisco reported this as profit. Small problem: The DSLAMs didn’t work. There are different varieties of DSL, and Cisco picked one that didn’t work. Why? Because they used chips from companies tied into Sillycon Valley VCs.
But none of it mattered. The CLECs went public, with their Cisco partnership conferring legitimacy with investors who never bothered to do their homework. Come the top of the first tech boom, and the IPO window slammed shut about two weeks. They went bankrupt quickly, and Cisco wrote off the losses, and then had to go restate earlier “earnings” based on phantom profits. No one went to jail, just as no one went to jail after America Online’s IPO fraud involving the capitalization of those free disks they’d send people was revealed.
Crypto is an outsider, not funded to my knowledge by the Sand Hill Mafia. I expect some of those guys to go to Club Fed, not because of the fraud but because of their lack of connections and savvy. It’s the abacadabra economy, and you really have to be better at it than FTX, CoinBase, et al. None of it was real then, and none of it is real now. Usually, the names are changed to protect the guilty, but not right now. LOL
What has been will be again,
what has been done will be done again;
there is nothing new under the sun.

Who knows, if I stay in the mood, maybe I will tell the story of Obama’s “rural broadband initiative,” and now the Biden revival. I live not 200 yards from dark fiber installed under Obama, but not connected to anything. Thank you Starlink!

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RonJ
RonJ
3 years ago
“I smell criminal indictments and lots of them. This time don’t expect bailouts.”
Bailouts are for Goldman Sachs. William Black got a thousand prosecuted for the Savings and Loan fraud. He said the housing bubble era fraud was 70 times larger. No indictments.
After he left office, Bernanke pretended to lament that he “never referred anyone.”
Greenspan praised bankers for getting people into homes they otherwise could not afford, then pretended to lament that the bankers should have been more responsible.
“Safe and effective.”
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StukiMoi
StukiMoi
3 years ago
Reply to  RonJ
“Greenspan praised bankers for getting people into homes they otherwise could not afford”
Which, of course, he never did.
Instead, what he did was: Print/pump up the nominal price of cheap shacks which, in a free market, anyone could easily afford in exchange for a few months of fairly average work; to the point where everyone instead had to accept eternal indentured servitude to connected, useless and stupid bankster trash, in exchange for a roof over their head.
All while Krugman pretended to be clever, debasing his Nobel by claiming “indentured servitude doesn’t matter, since we are all just servants to ourselves!” Which, what else is new in Idiotopia…, the indoctrinated retard armies of the chattering classes, not one of them, ever even recognised the trivially obvious absurdity of.
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dtj
dtj
3 years ago
There goes my early retirement and life savings. Back to work I go. Already have a job lined up. New boss says I’ll be working the window. “Would you like fries with that?”.
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Doug78
Doug78
3 years ago
Reply to  dtj
Pole dancing pays better.
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Mish
Mish
3 years ago
FTX is more than a run on a bank
FTX fraudulently lent customer funds to an arm of the same company to shore it up
There is no FDIC backstop
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JackWebb
JackWebb
3 years ago
Reply to  Mish
All kinds of things can trigger a bank run, including fraud. The self-dealing was bad (and an old story that recalls Ecclestiases and Herman Hupfield), but it looks like the bank run is worse, not just at FTX but throughout the cryptosphere. That said, I’m painfully aware of my limits on this. How far it will spread, how much influence it will have beyond the cryptosphere, whether or not there’ll be a 1:1 link between bitcoin and MSTR.
It’s still the same old story
A fight for love and glory
A case of do or die
The world will always welcome lovers
As time goes by

— or —

What has been will be again,

what has been done will be done again;
there is nothing new under the sun.
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goldguy
goldguy
3 years ago
Reply to  Mish
Yes but in this woke miserable world you can count on con gress to fix All money issues….lol
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JackWebb
JackWebb
3 years ago
Reply to  goldguy
They won’t bail out these guys. That $40 million to the Dems won’t buy ’em anything. Call it a con within a con.
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MPO45
MPO45
3 years ago
Ask George Bailey, sounds like a classic run on the digital banks. If it gets bad enough, it will spread to equities and other investments. Got T-Bills?
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JackWebb
JackWebb
3 years ago
Reply to  MPO45
There are some crucial differences:
1. Crypto has no backup. Think of the banks prior to the FDIC. Once a crypto run gets going, it’ll be like a grass fire out West where I live. They call it “grassoline” for a reason.
2. Bank loans vary in quality, but there are actual physical assets and/or enforceable financial claims. There are no physical assets with crypto, and any claims on financial assets are ephemeral. At least with tulips, there was something to look at for a while.
3. Treasuries are backed by the Fed, as we’ve already seen.
That said, yes, how far the crypto currency tentacles have spread is a highly pertinent quesion.
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RonJ
RonJ
3 years ago
Reply to  MPO45
“It’s confined to sub prime.”
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MarkraD
MarkraD
3 years ago
Reply to  MPO45
“If it gets bad enough, it will spread to equities and other investments.”
Total NFT market cap is far too small, barely larger than a large-cap.
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JackWebb
JackWebb
3 years ago
Reply to  MarkraD
When I looked this morning it seemed like crypto is between one-third and one-half a trillion, combined. Cost basis much lower.
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MarkraD
MarkraD
3 years ago
Reply to  JackWebb
$850 bil, actually, the equivalence to 3 or 4 large caps or 1 megacap, still a drop in the bucket.
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MPO45
MPO45
3 years ago
Reply to  MarkraD
I don’t think you’re getting it. If I am an investor with a net worth of $10 million and I had $1 million in crypto but that money has now vanished, I would be concerned about losing another million so I would pull money out of equities and into US Treasury bonds or look for the safest investment. Multiply that scenario by 100 or 1000 or 10,000 and it starts to liquidate markets.
This is the primary reason I am in T-bills and sold off most of my stocks at the last rally. And the Fed is hiking again in December anyway, not good time for speculative investments, stocks or anything but cash and government backed bonds. We are at the start of this mess, I am hearing all the digital coin are limiting withdrawals.
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MarkraD
MarkraD
3 years ago
Reply to  MPO45
I think you’re overestimating the effects crypto has on standard equities, it would make no sense to pull money out of my stocks portfolio if my art collection, coins or Beanie Baby collection dropped in price.
Crypto’s been in a week long nosedive, equities went up the same time, in fact, maybe money flowing from crypto has been entering equities, though again, the market cap for NFT’s really isn’t that much in the relative scheme.
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goldguy
goldguy
3 years ago
Reply to  MPO45
Yes I do, pulled most of my cash out of my brokerage account and sent it to treasurydirect
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Doug78
Doug78
3 years ago
Cryptos have had a target on their backs for a while now. Just needed the sign to let loose the arrow.
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MarkraD
MarkraD
3 years ago
Reply to  Doug78
IMO, with so little transparency, I’d wager the bubble was fueled by Oligarch’s who then marketed a pump n’ dump en masse once the U.S. demonstrated an ability to trace transactions by hackers & launderers, there was no longer a use for them.
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Doug78
Doug78
3 years ago
Reply to  MarkraD
Once the tools became available to trace transactions and wallets then it became just like a regular bank account but without deposit insurance rendering it useless. Those tools had been already developed by letter agencies and they waited for the right moment and then bang.
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JackWebb
JackWebb
3 years ago
Okay, for now I am thinking of this — by analogy, which won’t be perfect because analogies never are — as a good old-fashioned bank run, right out of It’s A Wonderful Life, except this time the Building & Loan’s deposits weren’t invested in Bedford Falls and the exchange presidents are even crookeder than Mr. Potter. Oh, and there’s no vault, and “cold storage” is a fraud, and …
Banks usually fail, at least in the modern era, not because the money’s gone. It was never there, at least not all of it. Fractional reserve banking. It’s why a bank has always been more than a vault. Banks fail because of a lack of confidence in the bank’s administration and/or assets. And that spreads rapidly, the bank failures of the early 1930s being a vivid American example.
Looks like FTX was doing the crypto equivalent of fractional reserve banking. Not that I know the gritty details, but those so-called “wallets” in the “cold storage” vaults weren’t really there. FTX led customers to think their “asset” was in a safe deposit box, but it wasn’t. Now that the word’s out, we look for a massive come-to-Jesus moment, i.e. a bank run and not just one bank. And like a particular apartment that I inhabited for two disgusting years, there’s never just one cockroach.
How am I wrong?
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TexasTim65
TexasTim65
3 years ago
Reply to  JackWebb
“Banks fail because of a lack of confidence in the bank’s administration and/or assets”
They don’t fail due to lack of confidence. They fail when there is a large mismatch in asset duration during a withdrawal period.
In other words the deposits they take in (bank or FTX) are short term in duration because customers can withdraw at any time. But banks/FTX loan out / speculate in long term duration items (mortgages, bonds or whatever). So if there are enough withdrawals that get past the liquid cash they fail because their long term assets can’t be quickly sold at market value.
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JackWebb
JackWebb
3 years ago
Reply to  TexasTim65
When there’s a bank run, it begins because confidence has vanished. True about duration, but absent a run, customers don’t care as long as they have access to their funds. Which they do, until there are too many unconfident customers wanting their money. What starts a bank run? What starts a landslide? All kinds of things. Once the landslide starts, watch out.

The FDIC and the Fed are there, in this context, to strengthen confidence by saying, in effect, no matter how bad your bank has been, we will make you whole. With crypto, you spell that h-o-l-e, and it’s too deep to see the bottom.

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Captain Ahab
Captain Ahab
3 years ago
Reply to  JackWebb
IMHO, your bank run analogy is close, but crypto (assets) was worthless to begin, so a con from the start. In a bank run, the assets become worth less than liabilities. Learning that, depositors (quickly) withdraw deposits–the actual run starts with critical mass.
A better analogy may be a virus, inserted into a host, reproducing and spreading even as it evolves into a more virulent form. The question then becomes how far has the infection spread? Derivative plays? Companies gambling with cash reserves?
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JackWebb
JackWebb
3 years ago
Reply to  Captain Ahab
Analogies are not copies, so they’ll always be imprecise. In the 1930s, bank runs often started on a rumor, or even as nothing more than a reaction to a bank run somewhere else. Healthy banks were wiped out because their assets — the loans — couldn’t be called. They had peforming loans to healthy borrowers, but it didn’t matter. By the legitimate nature of fractional reserve banking, much more had had been lent out than cash kept on hand. When the depositors wanted their money, there wasn’t enough on hand. No fraud, just panic.
There’s a lot I don’t know about crypto “cold storage,” and more broadly what’s been done with this or that “currency.” Looks like FTX did a fraudulent version of fractional banking, but again, that’s just an analogy and maybe a poor one. What I think is more on target, analogy-wise, is that FTX’s collapse is triggering a loss of confidence in that entire sector. Those “assets,” i.e. bitcoins et al, should be exchangeable for Federal Reserve notes via these exchanges. But if the volumes go parabolic, there’ll be no counterparties, and there you are. Splat.
You’d think that there will be God’s own rush for the exits this week. If I held crypto, that’s what I’d be doing. My suspicion is that a whole lot of holders have utterly no market experience. They have never seen Worldcomm go from $60 to $0. They don’t think anything can go to $0. Oops.
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JackWebb
JackWebb
3 years ago
Reply to  JackWebb
Or Winstar Communications: $4.4 billion market cap to Chapter 7 in one year. Yes, children, things blow up. It would be interesting to see a list of the people who get killed in the imminent crypto crash. I bet that a lot of them were barely children in 2000.
What has been will be again,
what has been done will be done again;
there is nothing new under the sun.
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Captain Ahab
Captain Ahab
3 years ago
Reply to  JackWebb
About 14 years ago, Nouriel Roubini’s Global Econ blog had some folks using SEC filings (if I remember correctly) predicting likely bank failures, and shorting with remarkable acumen–once you figured out what to look for. It was not difficult, a combination of asset quality, leverage, and cash access–simple ratio analysis. Only weeks later, the practice was outlawed–the risk was causing a run far beyond the FDIC’s ability to pay out.
If banks printed their own bank notes, we would have much the same situation as crypto currency, rife for fraud and transient (here today, gone tomorrow) confidence. Ease of entry of un-backed digital currencies, with belief in any currency as the only generation of value was doomed to fail… At least the faux US$ is backed by the full faith blah blah blah, with a whole new meaning for ‘credit’.
And yes, if you still hold crypto, best of luck.
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JackWebb
JackWebb
3 years ago
Reply to  Captain Ahab
I have never held crypto. I ignored it until a few months ago, when I bought my MSTR puts.
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TexasTim65
TexasTim65
3 years ago
Reply to  Captain Ahab
I remember those days on that blog quite well as I learned a lot from posters like London Banker and Miss America.
These days though, no one gets actual cash from a bank. It’s simply digital transfers between banks. To prevent ‘runs’ banks simply route the digital transfers back to the bank that is having a ‘run’ on it so that it appears there is plenty of money when depositors want to transfer out their money. The FDIC can technically pay out any amount of cash because it’s the government and again it’s all digital anyway. Yes, the FDIC will be technically in a ‘hole’ on its accounting books but so what, that’s no different than the rest of the Federal government.
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MarkraD
MarkraD
3 years ago
I’ll bet AAX has done a “Robinhood”, frozen accounts to allow high net worth clients to protect & position themselves.
Unlike Robinhood though, there is no SIPC protection, if the value of your bright shiny digital trinkets goes to zero due to malfeasance, you’re on your own.
.
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Six000mileyear
Six000mileyear
3 years ago
This is the modern run on the banks. Liquidity problems can ripple very quickly through the rest of the financial system.
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Doug78
Doug78
3 years ago
Reply to  Six000mileyear
Not enough interconnectivity with the regular banking system to have that happen fortunately.
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MarkraD
MarkraD
3 years ago
Reply to  Doug78
True, but even if it were linked somehow, the total market cap for global NFT’s is a small large cap.
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Doug78
Doug78
3 years ago
Reply to  MarkraD
Small potatoes compared to the money supply. If it had been allowed to grow to large enough proportions it would then have been able to break the world’s financial system hence the necessity to smack it down.
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MarkraD
MarkraD
3 years ago
Reply to  Doug78
I’ve been confused for over ten years as to why “The Congress shall have Power to coin Money, regulate the Value thereof..” hasn’t been an issue, especially where so many nutjobs have been promoting it as an alternative currency to the DXY.
.
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Doug78
Doug78
3 years ago
Reply to  MarkraD
Some people are finding out that a currency without regulation is not currency but a fraud.
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vsest
vsest
3 years ago
Reply to  Doug78
I bet many financial institutions are involved in cryptos
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Doug78
Doug78
3 years ago
Reply to  vsest
Expect a few write-offs for sure. Ontario teachers is a good start. Cryptos are considered as ESG so a lot of fools invested in it.
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Captain Ahab
Captain Ahab
3 years ago
Reply to  vsest
I suspect you are right.
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JackWebb
JackWebb
3 years ago
Reply to  Six000mileyear
Yep, and it’s something I’ve raised here in a bunch of comments: How far do the tentacles reach?
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klausmkl
klausmkl
3 years ago
Any students of history remember the great Tulip craze of Europe? Everyone sold everything and bought Tulips. I know it is hard to believe but yes ,Tulips.
Where are the tulips now? I never saw anything in crypto, and I see a Tulip. Soon we will see.
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MarkraD
MarkraD
3 years ago
Reply to  klausmkl
There’s an ongoing joke here that someone should create “Tulip coins”.
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Captain Ahab
Captain Ahab
3 years ago
Reply to  MarkraD
Cannabis coins; need weed? Redeem!
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MarkraD
MarkraD
3 years ago
Reply to  Captain Ahab
Shortly followed by, of course, cookie coins
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SAKMAN
SAKMAN
3 years ago
Reply to  klausmkl
The crypto community believes that the tulip bubble is a fiction and have a history.com link (or something like that). Go ask them!
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atryingshepherd
atryingshepherd
3 years ago
I hope we’re not all tired of the “and it’s gone” memes.
I fear we’re going to see much more of them.
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TexasTim65
TexasTim65
3 years ago
Reply to  atryingshepherd
I never get tired of that South Park meme!
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