FTX's celebrity endorsements were a big red flag, says the family into bitcoin - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: FTX's celebrity endorsements were a big red flag, says the family into bitcoin (/Thread-FTX-s-celebrity-endorsements-were-a-big-red-flag-says-the-family-into-bitcoin)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: FTX's celebrity endorsements were a big red flag, says the family into bitcoin (/Thread-FTX-s-celebrity-endorsements-were-a-big-red-flag-says-the-family-into-bitcoin)
FTX's celebrity endorsements were a big red flag, says the family into bitcoin - Scythian - 03-12-2022
Despite with due diligence, our SWF, Temasek didn't sense anything was wrong.
While A Dutch family that put all its money into crypto in 2017 said there were red flags about FTX.
Didi Taihuttu told CNBC that FTX's celeb endorsements were too unusual for it to be reliable.
"Too many influencers were paid too much money to promote that one," he said.
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - Scythian - 03-12-2022
FTX's celebrity endorsements were a big red flag, says the family that put all its money into bitcoin
Zahra Tayeb Dec 1, 2022, 6:00 AM
A Dutch family that poured all their money into bitcoin said FTX's celebrity endorsements were a big red flag about the now bankrupt crypto exchange.
In an interview with CNBC, the father of the family Didi Taihuttu said something was "really off" about FTX, despite it being one of the largest centralized exchanges before blowing up in November, after suffering a severe liquidity crunch.
The family of five rose to fame after they sold all their assets to buy bitcoin in 2017, when the cryptocurrency was trading at a fraction of its current price at around $900. After living in Portugal for its 0% crypto tax, the Taihuttu's told the outlet they've shifted residence to Phuket, Thailand, are are living on 0.3 bitcoin a month - about $5,000.
Speaking about FTX, Taihuttu said: "Too many influencers were paid too much money to promote that one," adding that trustworthy crypto products and companies don't usually rely so heavily on endorsements.
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - Scythian - 03-12-2022
How come Singapore Temaseks CEO being paid multi millions with a large investment expert team is not as market sensitive than a Dutchman, Didi Taihuttu?
Why Didi Taihuttu cannot afford to be a contrarian?
That's why our sad, DPM Lawrence Wong says Temaseks financial losses damaged Singapore's good reputation.
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - Scythian - 03-12-2022
(03-12-2022, 03:52 AM)Scythian Wrote: How come Singapore Temaseks CEO being paid multi millions with a large investment expert team is not as market sensitive than a Dutchman, Didi Taihuttu?
Why Didi Taihuttu cannot afford to be a contrarian?
That's why our sad, DPM Lawrence Wong says Temaseks financial losses damaged Singapore's good reputation.
Temasek ex CEO Ho Ching says can afford to be contrarian.
If gambling with other people's money, maybe Didi Taihuttu can also afford to be contrarian like Temasek ex CEO.
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - p1acebo - 03-12-2022
If your CEO is wildly enthusiastic and a self proclaimed “know it all”, do you dare raise a red flag?
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - Scythian - 03-12-2022
(03-12-2022, 07:01 AM)p1acebo Wrote: If your CEO is wildly enthusiastic and a self proclaimed “know it all”, do you dare raise a red flag?.
She has a big mountain behind
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - Scythian - 03-12-2022
A young billionaire built a cult of genius around himself through carefully cultivated eccentricities that opened the wallets of thousands of investors and won plaudits from former world leaders, models and sports stars.
How Temasek lost $274 mio?
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - kelhot2001 - 03-12-2022
Ho Ching = Olivia Lum.
Very hard to say no or reason with people like that.
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - p1acebo - 03-12-2022
(03-12-2022, 08:06 AM)Scythian Wrote: A young billionaire built a cult of genius around himself through carefully cultivated eccentricities that opened the wallets of thousands of investors and won plaudits from former world leaders, models and sports stars.
How Temasek lost $274 mio?
Tiagong is much much more than that. TH only mentioned the losses of 2021. Should read what FTX indicated in the years before that. Just kept under wraps.
RE: FTX's celebrity endorsements were a big red flag, says the family into bitcoin - kelhot2001 - 03-12-2022
(03-12-2022, 07:01 AM)p1acebo Wrote: If your CEO is wildly enthusiastic and a self proclaimed “know it all”, do you dare raise a red flag?
Keep my job is more important.
