FTX/Sam Bankman-Fried

[FourWheelDrift]

At the moment, Bankman-Fried is under house arrest and is staying in San Francisco with his parents. However, recent revelation suggests that Bankman-Fried allegedly cashed out $684,000 from a crypto exchange in the Seychelles. Cashing out such a significant amount, SBF has likely violated his release condition of not spending more than $1000 without permission from the court.

https://watcher.guru/news/ftxs-sbf-allegedly-cashe...

[brickwall]

FourWheelDrift said:

At the moment, Bankman-Fried is under house arrest and is staying in San Francisco with his parents. However, recent revelation suggests that Bankman-Fried allegedly cashed out $684,000 from a crypto exchange in the Seychelles. Cashing out such a significant amount, SBF has likely violated his release condition of not spending more than $1000 without permission from the court.

https://watcher.guru/news/ftxs-sbf-allegedly-cashe...

Presumably he’d have to spend the $684k in order to breach the court terms, not just raise it from asset sales.

I expect it’ll be very simply raising cash in expectation of legal fees, which the court will approve.

[FourWheelDrift]

They are saying he has cashed out so if he has converted his crypto into real money that's actually useful for paying bills and lawyers fees then he has spent money because they'll be a fee to pay, on $684,000 it's going to be more than $1000.

[InformationSuperHighway]

I can’t imagine he’s doing anything at all without thorough guidance from lawyers and following the letter of the law right now.

He’s very lucky he’s not locked up right now. Why would he risk that?

As above, has to be for paying his legal fees and most likely approved by the court.

[trickywoo]

InformationSuperHighway said:

He’s very lucky he’s not locked up right now. Why would he risk that?

Why would he risk any of it? He’s not in the current predicament by accident.

[bitchstewie]

It isn't him because he's tweeted saying it wasn't him.

Seems legit

[FourWheelDrift]

Four crypto "billionaires" dead within a month - https://twitter.com/WallStreetSilv/status/16123215...

[Some Gump]

FourWheelDrift said:

Four crypto "billionaires" dead within a month - https://twitter.com/WallStreetSilv/status/16123215...

The comments below are mind boggling.
To the conspiracy theorist lot, it's central banks and the fed who killed the crypto men.

Not sure that it's more likely than some criminals who were laundring using crypto wanting their money back, not getting it back and retaliating in the style of Goodfellas, but I doubt it's worth discussing with the tweeters in question!

[bitchstewie]

Sam Bankman-Fried pleads not guilty to latest round of federal fraud, bribery charges

[Petrus1983]

bhstewie said:

Sam Bankman-Fried pleads not guilty to latest round of federal fraud, bribery charges

Ouch. Hope he likes orange.

[Panamax]

Petrus1983 said:

Ouch. Hope he likes orange.

One imagines that like the guy trying to sue Gwyneth Paltrow he'll find some enthusiastic young lawyer who'll take the case on a "no win, no fee" basis in order to have their moment of fame on TV.

[anonymous-user]

Petrus1983 said:

bhstewie said:

Sam Bankman-Fried pleads not guilty to latest round of federal fraud, bribery charges

Ouch. Hope he likes orange.

He doesn't seem to have realised that he is probably going to be found guilty, and probably going to be sentenced to something silly like 150 years in prison.

The fact that he is being allowed to spend his days wandering around his parents $3.5m house and garden in a nice area, rather than in prison, is likely contributing to a false sense of security. Most federal defendants wait for their court appearance in prison, irrespective of their ability to pay their bail.

[pquinn]

He's not exactly coming across as a big brain is he?

[FourWheelDrift]

In other news, Former CEO of bankrupt crypto lender Celsius, Alex Mashinsky arrested on 7 criminal fraud charges .



Sam Bankman-Fried has to be next in line.

[bitchstewie]

Oops.

Sam Bankman-Fried headed to jail after bail revoked

[mick987]

If he wanted to run what are his choices, Russia, China ?

[rodericb]

mick987 said:

If he wanted to run what are his choices, Russia, China ?

US congress.....?

[bitchstewie]

Well allegations of attempting to tamper and influence witnesses seem pretty serious and tbh I'm amazed he wasn't remanded to start with.

One of the rare occasions where the court artist seems to have nailed the look

[tim0409]

mick987 said:

If he wanted to run what are were his choices, Russia, China ?

[The Hypno-Toad]

bhstewie said:

Oops.

Sam Bankman-Fried headed to jail after bail revoked

You would hope that a rich white guy getting banged up for basically doing the same thing that he's been doing might be giving a certain orange ex-president food for thought....

But maybe not.