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Thread: Sam Bankman-Fried Wiped Out in Days (FTX)

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12-12-2022, 04:17 PM
#451
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12-12-2022, 04:32 PM
#452
Originally Posted By Mark1T⏩
Sound the Horns Triumphant

They were probably going to arrest him if he would have flown in to testify with Congress tomorrow. When he said he was going to zoom in to Congress instead of showing up, they probably made a move to arrest him.
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12-12-2022, 04:40 PM
#453
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12-12-2022, 04:54 PM
#454




Edit: Found the official statement from the Senators:

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12-12-2022, 05:00 PM
#455
Financial Times:

https://www.ft.com/content/b3f398c8-...e-61a1282703c5




John Ray, who was appointed CEO of FTX for the restructuring, will testify to the House Financial Services Committee tomorrow morning. His statement, out this evening, cuts through some of the hype from SBF’s various attempts to talk himself out of trouble.

First the question of FTX US. Bankman-Fried has said multiple times that FTX US was fine, and would have been had it not filed for bankruptcy. But it “was not operated independently of FTX.com”, says Ray:


Questions have been raised as to why all of the FTX Group companies were included in the Chapter 11 filing, particularly FTX US. The answer is because FTX US was not operated independently of FTX.com. Chapter 11 protection was necessary both to avoid a “run on the bank” at FTX US and to allow our team the time to identify and protect its assets. Since the time of the filing, I have become even more confident this was the correct decision, as the books and records issues at FTX US and the many relationships between FTX US and the other FTX Group companies become clearer.

First , customer assets from FTX.com were commingled with assets from the Alameda trading platform.

Second , Alameda used client funds to engage in margin trading which exposed customer funds to massive losses.

Third , the FTX Group went on a spending binge in late 2021 through 2022, during which approximately $5 billion was spent buying a myriad of businesses and investments, many of which may be worth only a fraction of what was paid for them.

Fourth , loans and other payments were made to insiders in excess of $1 billion.

Fifth , Alameda’s business model as a market maker required deploying funds to various third party exchanges which were inherently unsafe, and further exacerbated by the limited protections offered in certain foreign jurisdictions.

__________________________________________________ ___


John Ray's testimony to Congress tomorrow:

https://financialservices.house.gov/...j-20221213.pdf
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12-12-2022, 05:02 PM
#456
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12-12-2022, 05:03 PM
#457
They are saying Head of Engineering Nishad Singh is already back in India. And he built the whole system.


They are saying on Twitter Spaces that the hack on the night of the bankruptcy filing was just a distraction to destroy and wipe incriminating data. That is why they put out a statement for customers to delete their app as well.
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12-12-2022, 05:10 PM
#458
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12-12-2022, 05:17 PM
#459


Emails in spoiler:

Spoiler!






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12-12-2022, 05:24 PM
#460
They had a chat group called Wirefraud . This is too good to be true. Sam's last tweet before getting arrested denies this story, but who nose.





Full story:

https://www.afr.com/companies/financ...0221213-p5c5sx
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12-12-2022, 05:37 PM
#461
Delusional until the very end


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12-12-2022, 05:41 PM
#462
And one day for no reason at all….
Plant the trees in whose shade your grandchildren will play
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12-12-2022, 06:02 PM
#463
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12-12-2022, 06:16 PM
#464
Somehow, I don't think democrats are going to give back the millions of dollars that was basically bribe money.
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12-12-2022, 06:25 PM
#465
They need to go after the parents too. The parents took out tens of millions out of the company for real estate purchases. The dad actually worked for FTX for 11 months. Some speculate that the parents were the masterminds. But, the mom is a huge bundler for the Democrats, so we'll see how that goes.







https://www.nytimes.com/2022/12/12/t...-collapse.html
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12-12-2022, 06:34 PM
#466
Originally Posted By gwg77⏩
Live Twitter Spaces discussing his arrest:


https://twitter.com/MarioNawfal/stat...49975518154753



Holy crap. I legit thought he was gonna weasel his way out of this one.
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12-12-2022, 06:42 PM
#467
Originally Posted By -JR⏩
Holy crap. I legit thought he was gonna weasel his way out of this one.
People think he was arrested so he can't be questioned by Congress tomorrow and Senate on Wednesday.

But, it probably has more to do with flight risk, after his counsel said they would refuse a Senate subpoena.
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12-12-2022, 07:24 PM
#468
Chances he gets epsteined ?
Have goodnight.
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12-12-2022, 07:43 PM
#469
Git his ass!

Git all the other cryptocels too!
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12-12-2022, 08:04 PM
#470
I don't think he deserves jail time

I believe he was naive
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12-12-2022, 09:12 PM
#471
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12-12-2022, 09:20 PM
#472
Hope he rats out the real criminals. Wall Street hedgefunds SEC etc. System needs a restart. To much corruption going on. The U.S is in a 80 trillion dollar debt off the balance sheets. Some of the craziest crime is going on right now in the financial side of america
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12-13-2022, 07:10 AM
#473
Full transcript of SBF's Congressional Testimony that he will NOT be reading today. Wild read:

https://archive.ph/YlI2Q



House Committee on Financial Services FTX Hearing Livestream:

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12-13-2022, 07:15 AM
#474
SEC Charges:

https://www.sec.gov/news/press-release/2022-219


SDNY Unsealed Indictment:

https://www.documentcloud.org/docume...-bribery-cases
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12-13-2022, 07:18 AM
#475
Originally Posted By gwg77⏩
how tf is she leading the committee…she received funds
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12-13-2022, 07:21 AM
#476
Originally Posted By Procta⏩
how tf is she leading the committee…she received funds
lmao joke country
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12-13-2022, 07:38 AM
#477
ATTENTION: Anyone reading this thread: Don't forget to put imiscubb on ignore list. He is spamming thread again with posts below.


Go to:

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



(and don't forget to neg his ass beforehand)
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12-13-2022, 07:43 AM
#478
Any Mention of the AMOUNT OF DONATIONS FTX made to Politicians – SCRUBBED from SEC’s Indictment of FTX’s Sam Bankman-Freid.
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12-13-2022, 10:43 AM
#479
^How is this fukkers not banned?
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12-13-2022, 12:36 PM
#480



Another corrupt rich jew with links to all the elites about to be suicided. aka disappeared to a tropical island then the story buried by the media
Plant the trees in whose shade your grandchildren will play
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