lol ok. Is that a hack or a normal feature of the bb forum? I can't find it and heard talk of a plug in or something previously.

As well as running a crypto exchange that didn’t exchange crypto and owning a hedge fund that didn’t hedge, Sam Bankman-Fried had a venture capital fund that didn’t venture its own capital.

The VC division, in contrast to the rest of the FTX group, can now provide some insight into where some of the money went. Here’s where it went:

According to a person familiar with the rescue effort, the document shows an Alameda Research private equity portfolio — with some FTX bets mixed in — that was being offered as collateral in an attempt to secure a new credit line for the stricken group.

The disparate bundle of nearly 500 illiquid investments is split across 10 holding companies. The total investment value is given on the spreadsheet as in excess of $5.4bn.

As well as forming a central plank in efforts to maximise recoveries from FTX’s bankruptcy, the portfolio might offer regulators insight into whether the group’s trading and exchange businesses were ever operationally separate as claimed.

Bankman-Fried conceded in an interview with the Financial Times that he was involved in Alameda’s venture capital activities but has so far ducked questions around the misuse of FTX customer funds.

Going by the spreadsheet, boundaries between SBF’s companies were blurred. Two of Alameda’s biggest holdings, the crypto miner Genesis and the artificial intelligence research group Anthropic, are also listed on the draft FTX balance sheet published last month by FTAV. (Semafor subseqently reported that FTX had seized certain assets from Alameda after a margin call.)

As previously reported, the portfolio includes stakes in FTX backers Sequoia Capital and Anthony Scaramucci’s SkyBridge Capital, as well as in Elon Musk’s SpaceX and Boring Company projects through the investment in K5.

Of Alameda’s remaining investments, crypto and DeFi projects account for the majority. But the list also includes numerous start-up video game studios and betting platforms, online banks, publishers, a fertility clinic, a military drone maker and a vertical farming company,

Some entries have no clear link to an active business, suggesting they may be misspelt or mislabeled.

Note that FT Alphaville has excluded entries where an investment type is not given, which removes approximately a dozen names with a total stated investment of about $100mn. All other data are presented as they were shown to prospective FTX investors. The FT makes no claim as to the data’s accuracy or completeness.

When asked about why FTX used customer funds to prop up Alameda, SBF has repeatedly pleaded ignorance. The former FTX CEO said that to avoid conflicts of interest he chose not to get involved in Alameda’s trading and risk management, so before last month was not fully aware of its parlous state.

However, SBF told the FT that in early summer he had participated in conversations where Alameda’s financial health and borrowing were discussed. The venture capital investments Alameda had made were “effectively, some of them, on margin”, he added.

Alameda’s spreadsheet predates SBF’s current media blitz by a month, though it comes with all the same warnings about potentially selective recall and unreliable presentation, As the FT’s Joshua Oliver reports:



Caroline Ellison, former CEO of Alameda and SBF’s one-time romantic partner, could not be reached for comment.

^^Maxine responds to getting called out by CNBC. Now she says a subpoena is on the table for next Tuesday.







On the 5th, she was pleading with SBF to come testify.

She should also be questioned for initially trying to avoid it.

Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market for two cryptocurrencies this past spring, leading to their collapse and creating a domino effect that eventually caused the implosion of his own cryptocurrency exchange last month , according to two people with knowledge of the matter.

U.S. prosecutors in Manhattan are examining the possibility that Mr. Bankman-Fried steered the prices of two interlinked currencies, TerraUSD and Luna, to benefit the entities he controlled, including FTX and Alameda Research, a hedge fund he co-founded and owned, the people said.

The investigation is in its early stages, and it is not clear whether prosecutors have determined any wrongdoing by Mr. Bankman-Fried, or when they began looking at the TerraUSD and Luna trades. The matter is part of a broadening inquiry into the collapse of Mr. Bankman-Fried’s Bahamas-based cryptocurrency empire, and the potential misappropriation of billions of dollars in customer funds.

Federal prosecutors and the Securities and Exchange Commission have been examining whether FTX broke the law by transferring its customer funds to Alameda. Last month, a run on deposits exposed an $8 billion hole in the exchange’s accounts, causing the company to collapse. Mr. Bankman-Fried stepped down as FTX’s chief executive when the company filed for bankruptcy on Nov. 11.

FTX is also under investigation for violating U.S. money-laundering laws that require money transfer businesses to know who their customers are and flag any potentially illegal activity to law enforcement authorities , three people familiar with the investigation said. That investigation, first reported by Bloomberg News, began several months before the bankruptcy of FTX. Investigators are also looking into the activities of other offshore cryptocurrency trading platforms.

In a statement, Mr. Bankman Fried said he was “not aware of any market manipulation and certainly never intended to engage in market manipulation.”

“To the best of my knowledge, all transactions were for investment or for hedging,” he added.

Representatives of the U.S. attorney for the Southern District of New York declined to comment. Representatives of FTX did not immediately respond to requests for comment.

The focus on possible market manipulation adds to the legal storm brewing around Mr. Bankman-Fried. It is illegal for an individual to knowingly stage market activity designed to move the price of an asset up or down.

TerraUSD was a so-called stablecoin, but unlike other stablecoins, its value wasn’t backed directly by the U.S. dollar. Rather, it maintained its value from a second coin called Luna through a complex set of algorithms. Traders within the digital ecosystem could mint these coins, the prices of which would fluctuate based on how many were in circulation. Anytime the price of TerraUSD fell, the supply of Luna would increase, as traders created more Luna to try to capitalize on the difference.

In May, major cryptocurrency market makers — exchanges or individuals who arrange for buyers and sellers to be matched — noticed a flood of “sell” orders coming in for TerraUSD, said one person with knowledge of the market activity. The orders were in small denominations, but they were placed very quickly, the person said.

The sudden jump in sell orders for TerraUSD overwhelmed the system, making it hard to find matching “buy” orders for them. Under normal conditions, any sell orders that remained unfulfilled for too long would be matched with buy orders at a lower price. The longer the orders lingered without being matched, the more they forced down the price of TerraUSD and caused a corresponding drop in Luna prices because of the way the two coins were linked.

The exact causes of the collapse of the two cryptocurrencies remain unclear. However, the bulk of the sell orders for TerraUSD appeared to be coming from one place: Sam Bankman-Fried’s cryptocurrency trading firm, which also placed a big bet on the price of Luna falling, according to the person with knowledge of the market activity.

Had the trade gone as expected, the price declines in Luna could have yielded a fat profit. Instead, the bottom fell out of the entire TerraUSD-Luna ecosystem. The collapse caused more trouble in the cryptocurrency industry, sending several prominent companies into bankruptcy and erasing about $1 trillion in value from the crypto market.

The ripple effects from the Luna crash ultimately contributed to the collapse of Mr. Bankman-Fried’s business empire. In November, Caroline Ellison, the chief executive of Alameda, told staff that loans to Alameda were recalled as a result of the market chaos unleashed by the crash, according to a person familiar with the matter. But the funds that Alameda had borrowed were no longer easily available, Ms. Ellison told the staff, so the company used FTX customer funds to make the payments.

An attorney for Ms. Ellison did not return requests for comment.

good thread

added that spamming fgt to ignore. pissening existence

The Senate committee wants Sam Bankman-Fried to testify the day after he’s been told to testify in the House of Representatives, and wants him to, “answer for the failure” of FTX and Alameda.

"As the Founder and CEO of FTX Trading Ltd. at the time of its collapse and the founder, principal owner, and former CEO of Alameda Research, you must answer for the failure of both entities that was caused, at least in part, by the clear misuse of client funds and wiped out billions of dollars owed to over a million creditors," reads a letter from Senate Banking Committee Chair Sherrod Brown, D-Ohio.

The letter requests Bankman-Fried's presence on Dec. 14, the day after a scheduled House hearing where members of Congress also want the embattled former crypto CEO to testify. Brown sent the letter to Bankman-Fried through his attorney, New York-based Mark Cohen, and says he has the cooperation of Sen. Pat Toomey, R-Pa., the committee's top Republican.

"Traditionally, witnesses who are invited to appear before the Committee make themselves available voluntarily," the letter continues. "If you chose not to appear, I am prepared, along with Ranking Member Pat Toomey, to issue a subpoena to compel your testimony."

Embarrassing attempt at a national coverup.

Stanford Law professor and father of fallen cryptocurrency exchange founder Sam Bankman-Fried, Joseph Bankman, has canceled the one class he was slated to teach this winter, meaning neither of the FTX founder’s professor parents will be teaching at Stanford Law next quarter. His father, Joseph Bankman canceled the one class he was slated to teach this winter. The news comes amidst criticisms surrounding their acquisition of a $16.4 million vacation home from FTX shortly before its collapse.

Barbara Fried is not listed as the instructor for any of the courses in her course catalog next year. She wrote that this was due to a “long-planned” decision to retire and has “nothing to do with anything else going on,” in a statement to The Daily. Fried is an emerita professor, which means she has no regular teaching duties but is free to teach classes in the future. She wrote that she “hopes to” make a return to teaching but was not scheduled to teach this academic year.

Parents won't be teaching any law classes this year after too much backlash from letting their son purchase them a $16.4 million vacation home in the Bahamas with stolen FTX company money.

Sam is currently being investigated for market manipulation of Terra/Luna. He is also being investigated for violating AML/KYC laws. If SBF did manipulate Terra/Luna, he would have triggered the eventual implosion of his own cryptocurrency exchange, FTX.






https://www.nytimes.com/2022/12/07/b...stigation.html

They need to be in jail right next to him. And their embezzled home auctioned off.

There's something very fishy about this story. It really feels like America is becoming like the USSR or some other failed state where there are just so many of these stories where something weird is clearly going on but the media is scared or not interested in investigating it.

Epstein's death, Joe Biden's dementia, Hunter's laptop, Paul Pelosi's gay prostitute, now this…

It just seems like the wheels are coming off and all the skeletons are pouring out of the closet.

It's just putting someone on ignore list.

Go to:

- User CP
- Edit Ignore List
- Add imiscubb to ignore list
- Save changes



(and don't forget to neg his ass beforehand)

how do you put an absolute pissening person on ignore?

The Shark tanked.