FTX founder Sam Bankman-Fried arrested in Bahamas

[stevenash]

https://abcnews.go.com/US/sam-bankman-fried-arrested-bahamas-prosecutor/story?id=95105184

[stevenash]

I hope he rots in jail.

[gauchojake]

I want to do a reality show with him, pharma bro Martin Skreli, Elizabeth Holmes, Kimdotcom, and the other guy who stole everyone's bitcoins

[lakerboy]

I heard he is a good donor to one political party. Is this true,?

[gauchojake]

He and his friends gave millions to the dems in reported transactions. Who knows how much off the books. Some think over 1B

[jjgold]

Guy a loser

I would think he will kill himself eventually

[mjsuax13]

Execute him.

[VeggieDog]

Is this related to the celebrities being sued for promoting some worthless crap?

[wombat]

This is what happens when you have kids running rampant on Adderall medication. Adderall causes you to make bad decisions if abused. His parents had to deliver him Adderall in jail:

https://finance.yahoo.com/news/ftx-founder-sam-bankman-fried-215656547.html

[stake1]

I hope he rots in jail.

nasher if he does not get "epstein'd" then that would be a great outcome for the kid as you described. that kid has enemies on both sides of the aisle, that are worried he is going to sing about the ukraine $$$$ laundering thru ftx

[Yulia74]

[Yulia74]

Sam Bankman-Fried denied $250K cash bail offer after begging judge to be let loose over vegan diet

[OldBill]

Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders

connected with this ftx thing

Binance, the world’s largest crypto exchange by trading volume, endured a wave of withdrawals on Monday amid concerns about its proof of reserve report.
Net outflows, the difference between the value of assets arriving and leaving the exchange, hit $902 million in the past 24 hours, according to data by blockchain intelligence platform Nansen.
Binance’s net outflow has surpassed those of all other centralized exchanges’ in the last 24 hours, and is almost nine times larger than the second largest outflow.



The outflow was the highest for Binance since Nov. 13, two days after FTX filed for bankruptcy protection, according to data provided by blockchain data platform Arkham Intelligence.
However, the outflow “doesn’t seem notably anomalous,” an Arkham analyst wrote in a Telegram chat, given that there are ostensibly $64 billions of assets on Binance.
Withdrawals rose following a string of concerning news reports about Binance, and as investors have become increasingly cautious about their funds on centralized exchange. The swift collapse of rival exchange FTX, piled on other industry debacles, has prompted other exchanges to prove that they are safeguarding customers’ assets.
Criminal charges against Binance?

Binance released a report by auditing firm Mazars last week claiming that its bitcoin (BTC) reserves are overcollateralized. Industry experts and recent reports flayed the document for its narrow scope, and on Monday, Reuters reported that U.S. prosecutors are mulling criminal charges for possible money laundering against Binance and its executives, including CEO Changpeng Zhao.

Binance didn’t reply to a request for comment. Zhao urged his followers on Twitter to “ignore the FUD” – crypto slang for spreading fear, uncertainty and doubt – in a tweet.


Read more: Binance Suspends Account of Customer for Being ‘Unreasonable’

Blockchain data shows that large crypto market makers Jump Trading and Wintermute were among those moving sizable funds from Binance in the past seven days.
Jump Trading appears to be the largest entity withdrawing from Binance, Nansen analyst Andrew Thurman wrote in a tweet.
Net withdrawals from the exchange by crypto wallets associated with Jump reached $146 million of digital assets through the past seven days, data compiled by Nansen shows.





92








Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders

Krisztian Sandor
Mon, December 12, 2022 at 7:20 PM·3 min read







Binance, the world’s largest crypto exchange by trading volume, endured a wave of withdrawals on Monday amid concerns about its proof of reserve report.
Net outflows, the difference between the value of assets arriving and leaving the exchange, hit $902 million in the past 24 hours, according to data by blockchain intelligence platform Nansen.
Binance’s net outflow has surpassed those of all other centralized exchanges’ in the last 24 hours, and is almost nine times larger than the second largest outflow.



Binance endured the largest daily outflow among centralized crypto exchanges. (Nansen)
The outflow was the highest for Binance since Nov. 13, two days after FTX filed for bankruptcy protection, according to data provided by blockchain data platform Arkham Intelligence.
However, the outflow “doesn’t seem notably anomalous,” an Arkham analyst wrote in a Telegram chat, given that there are ostensibly $64 billions of assets on Binance.
Withdrawals rose following a string of concerning news reports about Binance, and as investors have become increasingly cautious about their funds on centralized exchange. The swift collapse of rival exchange FTX, piled on other industry debacles, has prompted other exchanges to prove that they are safeguarding customers’ assets.
Criminal charges against Binance?

Binance released a report by auditing firm Mazars last week claiming that its bitcoin (BTC) reserves are overcollateralized. Industry experts and recent reports flayed the document for its narrow scope, and on Monday, Reuters reported that U.S. prosecutors are mulling criminal charges for possible money laundering against Binance and its executives, including CEO Changpeng Zhao.
Binance didn’t reply to a request for comment. Zhao urged his followers on Twitter to “ignore the FUD” – crypto slang for spreading fear, uncertainty and doubt – in a tweet.
Read more: Binance Suspends Account of Customer for Being ‘Unreasonable’
Blockchain data shows that large crypto market makers Jump Trading and Wintermute were among those moving sizable funds from Binance in the past seven days.
Jump Trading appears to be the largest entity withdrawing from Binance, Nansen analyst Andrew Thurman wrote in a tweet.
Net withdrawals from the exchange by crypto wallets associated with Jump reached $146 million of digital assets through the past seven days, data compiled by Nansen shows.


Jump’s net withdrawals include $102 million in Binance USD (BUSD), the exchange’s stablecoin issued by Paxos; $14 million of Tether’s USDT; and $10 million of ether (ETH).
Jump redeemed some $30 million of Binance USD (BUSD) from Paxos a few hours ago, per blockchain data from Arkham.



One of Jump Trading’s crypto wallet transferred a total of $30 million of BUSD to the issuer Paxos in three separate transactions. (Arkham Intelligence)
Wintermute, another significant crypto market maker, withdrew $8.5 million of wrapped bitcoin (wBTC) and $5.5 million of Circle’s USDC stablecoin.
At the time of publication, Jump Trading and Wintermute had not responded to CoinDesk requests for comment.
Wintermute acknowledged in a tweet on Nov. 9 that some funds remained on Sam Bankman-Fried’s crypto exchange FTX, which imploded last month in spectacular fashion. Jump Trading tweeted on Nov 12. that the firm remained well-capitalized, but didn’t specify losses or capital exposure to FTX.

[Crusherrr]

Bahamas prison wont be pleasant for him.

[DiggityDaggityDo]

Sam Bankman-Fried denied $250K cash bail offer after begging judge to be let loose over vegan diet

[flyingillini]

Kanye West is bashing him now over him being Jewish

[Yulia74]

VIDEO: SBF escorted out of Bahamas courthouse in handcuffs

https://www.youtube.com/shorts/84KWs4n8MUM

[stake1]

VIDEO: SBF escorted out of Bahamas courthouse in handcuffs

https://www.youtube.com/shorts/84KWs4n8MUM

will we ever see him again? 50/50

[stevenash]

will we ever see him again? 50/50

20/80

[Nate rasta]

About time.i heard he can get up to 150 years in the pinta

[stake1]

20/80

never a good place to be when you have power players on both sides wanting their pounds of flesh

[Brock Landers]

This fuckstick is facing 115 years

[TheMoneyShot]

Sam Bankman-Fried denied $250K cash bail offer after begging judge to be let loose over vegan diet

I had to read that twice. Wait what? lol

[Yulia74]

will we ever see him again? 50/50

madoff got 150 yrs for $65 billion ponzi

died in prison

[stake1]

madoff got 150 yrs for $65 billion ponzi

died in prison

this kid a bit different, he was "washing" ukraine cash and look at where he put that $$$ after he laundered it
The patsy will likely be found dead in his holding cell, "cough/cough" suicide

[eidolon]

I'm sure he will like it in prison; remember, he is pansexual

[wombat]

They need to round up the rest of the gang before they disappear. I’m sure he wasn’t the only one involved. The CFO and that chick from Alameda need to be arrested. His parents also, I’m sure they had some involvement as well.

[JIBBBY]

Lock him up for a long time along with his man titties!

He's a cocky thief that stole millions from investors. Time to pay for your crimes hopefully you little prick!

[jjgold]

Who knows if he still has money hidden or the girl

[JIBBBY]

Bahamas prison wont be pleasant for him.

He's already reportedly complaining about the food. LOL. NO LIE!

He says he's a Vegan and they won't feed him Vegan food. This little woke fat fock is in for a rude awakening for sure now! Reminds me of Britney Griner in a sense. Let's hope Joe Biden and the woke paid for Dems don't bail him out like they did Britney.

[Nate rasta]

Hes getting extorted and someone's whore for sure

[mjsuax13]

He’s a pile of shit. Deserves torture.

[Thor4140]

I heard he is a good donor to one political party. Is this true,?

Laker do any conspiracy theories ever slip by you

[lakerboy]

Laker do any conspiracy theories ever slip by you

I knew you would respond. He donated big Time to the democratic party. That's fact. Maybe you should turn off CNN.

[thetrinity]

He might enjoy a Bahamas prison. All that BBC getting rammed up his butt