FTX update: Sam Bankman Fried arrested

[shiv]

Fucking crooked.

So much that could unravel here… but I’m sure it just all gets swept under the rug. A few scapegoats spend the rest of their life in White collar prison and everyone else gets off free

 

[shiv]

Guaranteed there will be a movie about this in the next 10 years. It’s so wild

 

[shiv]

Meet Alemeda CEO Caroline

 

[shiv]

 

[shiv]

 

[shiv]

 

[Jakethedog]

 

[shiv]

There has to be an investigation. Has to be.

Check the OP again. I updated it to have a lot of info up front

 

[shiv]

Exclusive: At least $1 billion of client funds missing at FTX

While it is known that FTX moved customer funds to Sam Bankman-Fried's Alameda trading desk, the missing funds are reported here for the first time. The financial hole was revealed in records that 'SBF' shared with other senior executives a week ago.

www.reuters.com

 

[shiv]

Meet Caroline

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CEO of Alameda Research is a 28-year-old Harry Potter fan

When you're running an apparent $10bn crypto trading firm.

www.efinancialcareers.com

 

[shiv]

"FTX is backed by a slew of high-profile investors, including SoftBank Vision Fund, Tiger Global, Sequoia Capital, and BlackRock."

The collapse of crypto firm FTX and its superstar founder explained for those who know nothing about crypto

Sam Bankman-Fried and his crypto exchange, FTX, spectacularly imploded this week. Here's what happened, and what it all means.

www.businessinsider.com

 

[shiv]

This report by CoinDesk is what started it all happening last week

Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet

Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed. Much of it is the FTT token issued by FTX, another Bankman-Fried company.

www.coindesk.com

And then this guy:

Changpeng Zhao - Wikipedia

en.wikipedia.org

That owns a competing platform Binance, announced he was pulling his $600M out of FTX's coin FTT (which was orignally put there as a "truce" between FTX and Binance)

 

[shiv]

If you have crypto on Binance, I would get it off right away

SBF alluding to the fact that he's going to bring down Binance and CZ Zhao:

"At some point I might have more to say about a particular sparring partner, so to speak. But you know, glass houses. So for now, all I’ll say is: well played; you won."

 

[shiv]

FTX's crypto empire was reportedly run by a bunch of roommates in the Bahamas who dated each other, according to the news site that helped trigger the company's sudden collapse

CoinDesk reported Thursday that the crypto exchange was run by a "cabal of roommates" living in The Bahamas.

www.businessinsider.com

 

[shiv]

Sam Bankman-Fried secretly transferred FTX customer funds to Alameda Research after his trading firm suffered losses in the spring, report says

Sam Bankman-Fried transferred at least $4 billion from FTX, including customer funds, to help prop up his Alameda trading arm, Reuters reported.

markets.businessinsider.com

 

[shiv]

Posted a few mins ago

 

[champsballs]

Yeah I had so many opportunities too

So did Sandusky

 

[champsballs]

There has to be an investigation. Has to be.

 

[NolesBravesNiners]

There has to be an investigation. Has to be.

But there won't be. People in power involved with this won't let it happen because it would be bad for them if the truth of what was going on came out.

 

[Old Glory]

If you have crypto on Binance, I would get it off right away

Did that the other day. Didn't have much but figured why risk it.

 

[quickfeet]

Ritt weighs in

 

[ShaolinNole]

View attachment 148682

I saw a post tracking his plane to Venezuela yesterday.

 

[Sgfeer]

 

[champsballs]

Lots of people got screwed but I find all of this shit hilarious

 

[shiv]

Lots of people got screwed but I find all of this shit hilarious

It is kind of funny.

You could say in the end it was their fault, but FTX was cooking the books ( on the scale of billions) behind the scenes.

But still everyone should know that crypto is a high risk investment. Especially when you move off of Bitcoin or Etherium

And a couple brain cells could tell you that FTT ( the ftx token) was basically kohl’s cash

 

[shiv]

Posted a few mins ago

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View attachment 148703

 

[shiv]

Bahama authorities stating that ftx execs can’t use the Bahamas as a Swiss bank account

 

[shiv]

What about HBAR

Wouldn’t out too much (or any) stock in this, but

Thread by @ManceHarmon on Thread Reader App

@ManceHarmon: 1/4 Back in 2018 when we first raised funds for @hedera, we accepted Bitcoin and Ethereum. All funding received in crypto we immediately converted into cash, a decision which was viewed as a betrayal b...…

threadreaderapp.com

 

[shiv]

Highest volume ever recorded on Coinbase for BTC

 

[Rebarcock.]

Is this true?

Yes it is true

 

[shiv]

Having posted everything, I do still think it’s a good time to do some DCAing into BTC…

 

[shiv]

 

[Rebarcock.]

View attachment 148685

Deeper you dive deeper it goes. This is like Murdaugh family shit

 

[TopHook]

Prison time for the nerds? Love to see that smug bitch in handcuffs.

 

[VosFrost]

So if I’m a moron who just has coins hanging on Binance, what’s the recommeded wallet ?

 

[shiv]

So if I’m a moron who just has coins hanging on Binance, what’s the recommeded wallet ?

Yeah I would take it off. I have Exodus on my phone.

 

[shiv]

But there won't be. People in power involved with this won't let it happen because it would be bad for them if the truth of what was going on came out.

 

[Oler Ted]

View attachment 148808

Elon just spent $44 billion so he could shitpost about the most powerful political cabal on earth

 

[fschmidt]

So if I’m a moron who just has coins hanging on Binance, what’s the recommeded wallet ?

Convert to dollars and try something like this:

 

[Sgfeer]

Natalie Winters on GETTR : Biden’s ‘Great Friend’ Senate Colleague Leads Binance’s Board, Which Waited ONE Day After Midterm Elections To Cancel Purchase Of FTX – Sending Democrat Megadonor’s Company Into Bankruptcy. https://warroom.org/2022/11/13

Biden's 'Great Friend’ Senate Colleague Leads Binance’s Board, Which Waited ONE Day After Midterm Elections To Cancel Purchase Of FTX – Sending Democrat Megadonor’s Company Into Bankruptcy.

gettr.com

Crypto Pioneer Sam Bankman-Fried seen Operating a BIG Laundromat near Kiev..

Stolen customer funds....Dem donor money..and now Ukraine..?

farm.substack.com