FTX = get out now!!

[raiders72001]

A democratic party stooge who offered billion$ to help Elon Musk take over Twitter??

Or is that too inconveniently against the narrative to add to that list of "evidence"?

Elon Musk thought he was a fraud after talking with him.

Accurate. He set off my bs detector, which is why I did not think he had $3B.

SBF was far left but sprinkled in a little Rep money to make a few friends on the right. We'll soon find out what all that money bought.

[Arky]

Let's add that the story didn't come out until after the midterms.

Yep, the magicians trick - look over here while we count votes?

I also forgot the SEC/Gary Gensler connection...

[raiders72001]

SBF and girlfriend have lots of friends, family and paid for. Very few in the media are going to criticize him. This is a huge story with many companies involved. A lot of people have lost jobs because of 1 person. SBF, Alameda, was shorting tokens. It'll take a year to sort all this out.

[raiders72001]

This goes back to June.

Celsius Bankruptcy Filing Shows Long Reach of FTX's Sam Bankman-Fried

https://www.bnnbloomberg.ca/celsius-...ried-1.1791957

[raiders72001]

Will SBF face consequences for mismanaging FTX? Don’t count on it

Lawmakers, regulators and even the institutional media don’t seem to have much interest in faulting SBF for using customer money to trade under the table.

https://cointelegraph.com/news/will-...-t-count-on-it

[raiders72001]

Yep, the magicians trick - look over here while we count votes?

I also forgot the SEC/Gary Gensler connection...

Just read he donated $5m to Biden and then $50m for the midterms.

[Arky]

Just read he donated $5m to Biden and then $50m for the midterms.

Aye, yi, yi. I didn't know he was such a commie. Commies and crypto is like oil and water - they don't mix.

Edit: Bad actor. Glad he's gone.

[raiders72001]

Amid all the jubilation and gloating by Joe Biden, Chuck Schumer and pals over the Democrats’ better-than-expected showing in the midterms comes a disturbing story that may explain something about how they won such a curious election.Biden’s second-biggest donor, cryptocurrency billionaire wunderkind Sam Bankman-Fried, a k a SBF, saw his business file for bankruptcy days after the election, but not before pumping $40 million into the Democratic Party to spend on “get-out-the-vote” and other shadowy ballot-harvesting mechanics for the midterms.
The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020.
SBF’s mother, Stanford law professor Barbara Fried, also is co-founder of left-wing political action committee Mind The Gap, which has raised a reported $140 million to help Democrats win elections through the same “get-out-the-vote” grift.

https://nypost.com/2022/11/14/sam-ba...bank-for-dems/

[freelee]

A democratic party stooge who offered billion$ to help Elon Musk take over Twitter??

Or is that too inconveniently against the narrative to add to that list of "evidence"?

Exactly he's just hedging his bets

[raiders72001]

I didn't see it coming but there were people that did. Here's an article from Nov. 2. Looking back, more should have known.

Billionaire Sam Bankman-Fried’s cryptocurrency empire is officially broken into two main parts: FTX (his exchange) and Alameda Research (his trading firm), both giants in their respective industries.But even though they are two separate businesses, the division breaks down in a key place: on Alameda’s balance sheet, according to a private financial document reviewed by CoinDesk. (It is conceivable the document represents just part of Alameda.)
That balance sheet is full of FTX – specifically, the FTT token issued by the exchange that grants holders a discount on trading fees on its marketplace. While there is nothing per se untoward or wrong about that, it shows Bankman-Fried’s trading giant Alameda rests on a foundation largely made up of a coin that a sister company invented, not an independent asset like a fiat currency or another crypto. The situation adds to evidence that the ties between FTX and Alameda are unusually close.
The financials make concrete what industry-watchers already suspect: Alameda is big. As of June 30, the company’s assets amounted to $14.6 billion. Its single biggest asset: $3.66 billion of “unlocked FTT.” The third-largest entry on the assets side of the accounting ledger? A $2.16 billion pile of “FTT collateral.”
There are more FTX tokens among its $8 billion of liabilities: $292 million of “locked FTT.” (The liabilities are dominated by $7.4 billion of loans.)
“It’s fascinating to see that the majority of the net equity in the Alameda business is actually FTX’s own centrally controlled and printed-out-of-thin-air token,” said Cory Klippsten, CEO of investment platform Swan Bitcoin, who is known for his critical views of altcoins, which refer to cryptocurrencies other than bitcoin (BTC).
Alameda CEO Caroline Ellison declined to comment. FTX didn't respond to a request for comment.
Other significant assets on the balance sheet include $3.37 billion of “crypto held” and large amounts of the Solana blockchain’s native token: $292 million of “unlocked SOL,” $863 million of “locked SOL” and $41 million of “SOL collateral.” Bankman-Fried was an early investor in Solana. Other tokens mentioned by name are SRM (the token from the Serum decentralized exchange Bankman-Fried co-founded), MAPS, OXY and FIDA. There is also $134 million of cash and equivalents and a $2 billion “investment in equity securities.”

https://www.yahoo.com/video/division...144422963.html

[raiders72001]

Nice job by icon. He was the first to spot it here.

[mjsuax13]

Crypto Exchange Binance Dumping All FTX Tokens on Its Books — CEO Cites 'Recent Revelations'

Binance To Sell $529 Million of Bankman-Fried’s FTT Token

https://cointelegraph.com/news/binan...nt-revelations

Poster of the month

[Arky]

Tucker Carlson's take on FTX. Amusing at times. About 15 minutes if you have nothing better to do. Take it for what it's worth.

[icon]

more failures likely next week, expect the price of btc to drop.

Crypto Lender Genesis Is On The Chopping Block As Contagion Continues

[icon]

[raiders72001]

SBF and girlfriend have lots of friends, family and paid for. Very few in the media are going to criticize him. This is a huge story with many companies involved. A lot of people have lost jobs because of 1 person. SBF, Alameda, was shorting tokens. It'll take a year to sort all this out.

There was a hearing for a class action suit against Voyager scheduled for Dec. 8. I went online today to file my claim and the hearing was cancelled because of FTX.

This is one of the biggest scams that there's ever been and the media still isn't giving this enough attention. SBF used the FTX funds to buy property. Some of it is in the name of his parents. His parents graduated Stanford and are compliance lawyers.

[raiders72001]

[DwightShrute]

[raiders72001]

Caroline Ellison's in NYC. My guess is she's going to flip and be granted immunity. There are more that will do the same.

[raiders72001]

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022 – Bitcoin News

https://cryptosnewss.com/document-cl...-bitcoin-news/

[hehfest]

SBF and girlfriend have lots of friends, family and paid for. Very few in the media are going to criticize him. This is a huge story with many companies involved. A lot of people have lost jobs because of 1 person. SBF, Alameda, was shorting tokens. It'll take a year to sort all this out.

You're not allowed to criticize the jew.