FTX/Sam Bankman-Fried
Discussion
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hstewie said:
hstewie said: Beautiful 
Ah, the partisan press at it again....Republicans were on the take also - and this is just one of the issues that he has:
https://www.axios.com/2022/12/14/sbf-campaign-fina...
The Justice Departments allegations are pretty damning and the methods he used were designed to bypass the reporting rules on donations. Of all of the shady crypto stuff, the campaign finance stuff is possibly the easiest to pin on him and hardest to avoid.
KaraK said:
jshell said:
Arrested the very day before he's due to testify to Congress? 
Some people really will see a conspiracy anywhere.An individual alleged to have committed a financial crime of significant proportions gets arrested and it must have been done to prevent his testimony! Presumably the rationale here being that he was going to reveal some shocking secret that THEY don't want him to reveal. Except that's overdramatic b
ks, the world hasn't been exactly left waiting for SBF to speak about the FTX collapse - I don't know if you've noticed but the little st's been spouting his mouth off to seemingly anyone who would listen for the last week or so. If preventing him spilling some nefarious conspiracy's beans was so vital why leave him wandering around talking to every Tom, Dick & Harry?Let's face it his upcoming "testimony" before the House Financial Services Committee was little more than a zoom interview with a grander sounding label, it didn't really mean anything. As much as you can trust anything that Bankman-Fried says he'd already made it clear that there wasn't going to be anything of substance in his answers and it was pretty clear he only agreed to do it to avoid being subpoenaed.
Really this was just an opportunity for some members of Congress to be seen wagging a stern finger at him to win some easy points with voters.
You know, the Ghislaine Maxwell who the US courts appear to think trafficked people to no-one.
lemmingjames said:
I see ftx/sbf is feeling 'suicidal' 
Difficult that one. On one hand, I'd hate to see anyone in a hole that dark. On the other, he's scammed hundreds of thousands of customers, and presumably a percentage have not just lost the lot, but also encouraged family members friends etc to also lost the lot.. Some of whom are probably also feeling suicidal.I guess I'd feel warmer towards him if he sold his mansions in the bahamas as the first step towards filling the hole he's made (which he seems to have no intention of doing).
Tl;dr? I don't believe him..
Sorry I was referring to this (though admittedly I've only read the headline)
https://www.google.com/amp/s/amp.theguardian.com/b...
If that doesn't work, he's looking to claw back donations made to charities and politicians. Let's hope he didn't give any to the clintons
https://www.google.com/amp/s/amp.theguardian.com/b...
If that doesn't work, he's looking to claw back donations made to charities and politicians. Let's hope he didn't give any to the clintons
https://www.coindesk.com/consensus-magazine/2022/1...
“With Binance, Everything Is Not Fine
As the financial health of the exchange grows more uncertain, CEO Changpeng "CZ" Zhao has offered nothing but red flags, says Genevieve Roch-Decter (CFA)…”
“With Binance, Everything Is Not Fine
As the financial health of the exchange grows more uncertain, CEO Changpeng "CZ" Zhao has offered nothing but red flags, says Genevieve Roch-Decter (CFA)…”
Some Gump said:
Difficult that one. On one hand, I'd hate to see anyone in a hole that dark. On the other, he's scammed hundreds of thousands of customers, and presumably a percentage have not just lost the lot, but also encouraged family members friends etc to also lost the lot.. Some of whom are probably also feeling suicidal.
I guess I'd feel warmer towards him if he sold his mansions in the bahamas as the first step towards filling the hole he's made (which he seems to have no intention of doing).
Tl;dr? I don't believe him..
Yeah I can't say I've managed to drum up any sympathy for him either. Everything points to him having run a massive fraud that's come crashing down around his ears, all the crocodile tears in the world don't change that.I guess I'd feel warmer towards him if he sold his mansions in the bahamas as the first step towards filling the hole he's made (which he seems to have no intention of doing).
Tl;dr? I don't believe him..
He's not sorry, he's only sorry he got caught.
lemmingjames said:
you should watch some of the coffeeziller (youtuber) about the amount of fraud going on around on crypto and social media 'influencers'.
i knew it went on but not to the scale and sums involved, no wonder theres so more millionaires in the world
I've been following Molly White's excellent "Web3 is going just great" for a while, the site has a built in "grift counter" that provides a running total - she's reasonably conservative in what gets added to it from what I can tell (e.g. it's not counting the FTX losses as "grift", at least not yet) and it's a little over $12 billion now i knew it went on but not to the scale and sums involved, no wonder theres so more millionaires in the world
lemmingjames said:
you should watch some of the coffeeziller (youtuber) about the amount of fraud going on around on crypto and social media 'influencers'.
i knew it went on but not to the scale and sums involved, no wonder theres so more millionaires in the world
The Jake Paul one with cryptozoo ATM is brilliant to watch. Level of corruption is mind boggling i knew it went on but not to the scale and sums involved, no wonder theres so more millionaires in the world
Is anyone else just the tiniest bit disappointed that with all this new technology at their fingertips most of these shysters are just trotting out the same old tired scams? I mean Ponzi schemes, Pump-and-Dump, embezzling customer funds etc, it's all been done before. Haven't they got anything original to try?
KaraK said:
Is anyone else just the tiniest bit disappointed that with all this new technology at their fingertips most of these shysters are just trotting out the same old tired scams? I mean Ponzi schemes, Pump-and-Dump, embezzling customer funds etc, it's all been done before. Haven't they got anything original to try?
If it works, it works!MG CHRIS said:
The Jake Paul one with cryptozoo ATM is brilliant to watch. Level of corruption is mind boggling
Yeah, ive been watching that one and some of the older ones that auto-plays. I cant believe that he/they arent going to land in some deep stSomething flashed by on the phone about 4 people being arrested for a $100m Crypto scam in the USA so it does seem that they are taking action against some.
Was the cryptozoo one the one where they had verbal contracts or was that another rug pull JP was involved in?
Im guessing youve seen the one recently of the British duo offering a reward for another youtubers address to do him over (and his mum)?
bhstewie said:
Smart - given they were all patently up their necks in it and due for a serious legal kicking the first ones to plead guilty get the best deal and their version of events in first. I expect there was large amounts of the the plea covering how it was all SBF's idea etc. etc. hstewie said:While the walking toilet brush has been f
king around giving bleeding heart "I don't know what happened, I want to raise money and pay people back!" bullst interviews these two have clearly been working hard with their lawyers on damage limitation.bhstewie said:
They’re both huge collaborators. Wang could theoretically say “I knew nothing” but Carolyn Ellison spilling the beans is particularly damaging for SBF as she allegedly was the counterparty/beneficiary in the theft of customer funds from FTX. hstewie said:brickwall said:
bhstewie said:
They’re both huge collaborators. Wang could theoretically say “I knew nothing” but Carolyn Ellison spilling the beans is particularly damaging for SBF as she allegedly was the counterparty/beneficiary in the theft of customer funds from FTX. hstewie said:Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff