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

post 1674041203 01-03-2023, 10:36 AM
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Tiffany Fong posted this video last night of her meeting with SBF, stating that he said he would plead Not Guilty today. Video is pretty useless besides that. She is waiting for a more formal interview with him, as this meeting was pretty much off the record.


post 1674041453 01-03-2023, 10:38 AM
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Inner City Press says it is very unusual to keep co-signers secretive. Watch VLOG:









Full PDF:


https://www.pacermonitor.com/view/Y3...?mcid=tGI4TONY
post 1674048923 01-03-2023, 12:20 PM
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SBF pleads not guilty to federal fraud charges in New York

https://www.cnbc.com/2023/01/03/sam-...-new-york.html
post 1674048983 01-03-2023, 12:21 PM
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Edit: ^Wizard.
post 1674049983 01-03-2023, 12:41 PM
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And he continues to tweet lmao
post 1674050063 01-03-2023, 12:44 PM
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10 months to buy off a jury with the billions of dollars he stole and they will call it justice.
post 1674050723 01-03-2023, 12:55 PM
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Originally Posted By leafs43⏩
10 months to buy off a jury with the billions of dollars he stole and they will call it justice.
Lol @ CTs. Like it would take 10 months to do that. He will be going to prison, son.
Deepfat: "I guarantee I beat you by at least 6 strokes. Afterwards, I'll slide my thick conservative cawk in your old lady just to finish the job."

z4: "So when are you available in September to play?"

Deep: "On second thought, I don't play golf with broads. You're such a scumbag that I'd be much more inclined to just slap the chit out of you."

z4: "MMA match works, too. So when are you available this month?

Deep: "I won't subject myself to being in the presence of a scumbag."
post 1674083363 01-03-2023, 10:07 PM
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Originally Posted By notbadnotbrad⏩
And he continues to tweet lmao
It gotta be the prosecutor's strategy to let this guy still have computer, cell and internet access. Just let him keep flapping his gums on social media and taking interviews, etc.
post 1674083623 01-03-2023, 10:14 PM
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#609
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Originally Posted By gwg77⏩
SBF still tweeting away. This dude is an idiot.




^^Because Alameda wallets went active right after SBF bonded out and went home.






Also, Inner City Press had a good play-by-play thread of arraignment today:






And, he is opposing the 2 cosigners being sealed, so that is not final yet.


post 1674083673 01-03-2023, 10:15 PM
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#610
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I can't wait until he gets a slap on the wrist.
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
Has Beowulf10 ever experienced true love? Where did he go?
Education is humanity's key to salvation.
The 2nd Cold War has begun.
post 1674167983 01-05-2023, 07:06 AM
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FTX Chief Regulatory Officer Daniel Friedberg has been cooperating with DOJ and FBI since November. Friedberg already had an extremely shady past as general counsel for an online poker site that was caught rigging the games.



Jan 5 (Reuters) - FTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month.

Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators, the person said. The meeting, held at the U.S. Attorney for the Southern District of New York's office included officials from the Justice Department, Federal Bureau of Investigation, and the U.S. Securities and Exchange Commission, the source said. Emails between attendees scheduling the meeting with those agencies were seen by Reuters.

At the meeting, he told prosecutors what he knew of Bankman-Fried's use of customer funds to finance his business empire, the source said. Friedberg recounted conversations he had with other top executives on the subject and provided details of how Bankman-Fried's hedge fund Alameda Research functioned, the source said.

Friedberg's cooperation has not been previously reported. He has not been charged and has not been told he is under criminal investigation, the source said. Instead, he expects to be called as a government witness in Bankman-Fried's October trial, the person said.
https://www.reuters.com/business/fin...se-2023-01-05/
post 1674169743 01-05-2023, 07:48 AM
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Originally Posted By gwg77⏩
FTX Chief Regulatory Officer Daniel Friedberg has been cooperating with DOJ and FBI since November. Friedberg already had an extremely shady past as general counsel for an online poker site that was caught rigging the games.








https://www.reuters.com/business/fin...se-2023-01-05/
Originally Posted By z4v4⏩
He will be going to prison, son.
...
Deepfat: "I guarantee I beat you by at least 6 strokes. Afterwards, I'll slide my thick conservative cawk in your old lady just to finish the job."

z4: "So when are you available in September to play?"

Deep: "On second thought, I don't play golf with broads. You're such a scumbag that I'd be much more inclined to just slap the chit out of you."

z4: "MMA match works, too. So when are you available this month?

Deep: "I won't subject myself to being in the presence of a scumbag."
post 1674171383 01-05-2023, 08:18 AM
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Originally Posted By gwg77⏩
^How did anyone take this guy seriously when you can't even get his undivided attention. Sequoia Capital was drooling over the fact that he was playing video games during their pitch meeting. I think it is utterly disrespectful.
Simple. The dems only care about raising hundreds of millions no matter the source. Perfect example is that all the dems cozy up to George Soros and his company who is destroying the US from within by pouring money into local government elections.
Helping one person may not change the world, but it could change the world for one person.
post 1674171483 01-05-2023, 08:19 AM
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#614
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A couple weeks ago, 3 separate parties were fighting over $450m worth of Robinhood shares, including SBF (for his legal fees), and now-bankrupt BlockFi, who SBF had pledged the shares to as collateral for a loan to FTX.



Three parties, the filing says, have tried to get control of those shares: BlockFi (a lender that FTX had helped prop up earlier this year), Yonathan Ben Shimon (an FTX creditor appointed as a receiver in Antigua and granted permission to sell the shares under supervision of a court there) and Bankman-Fried himself (who has legal bills).

The judge overseeing the bankruptcy case should force the shares to remain frozen while FTX tries to figure out how to repay all its creditors, FTX argued in the filing.

"The fact that multiple prepetition creditors of different Debtors and Mr. Bankman-Fried are all seeking to obtain possession of the Robinhood Shares demonstrates that the asset should be frozen until this Court can resolve the issues in a manner that is fair to all creditors of the Debtors," FTX said.
Now, the DOJ has decided to seize the $450m worth of shares.



“We believe that these assets are not property in the bankruptcy estate” or are subject to exemptions, meaning they don't have to be frozen like most FTX assets are, pending wind-up, Shapiro told Judge John Dorsey.

Shapiro said assets had been seized or were in the process of being seized from a number of banks, mentioning the name Silvergate, a lender closely tied to FTX, and could be later subject to civil or criminal forfeiture proceedings, a process to stop criminals benefiting from the proceeds of crime.
post 1674171673 01-05-2023, 08:22 AM
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Originally Posted By Mark1T⏩
Simple. The dems only care about raising hundreds of millions no matter the source. Perfect example is that all the dems cozy up to George Soros and his company who is destroying the US from within by pouring money into local government elections.
Oh, I was talking more about the VC firms who invested $2 billion into FTX, while SBF was busy playing video games during his pitch meeting with one of them.
post 1674173523 01-05-2023, 08:58 AM
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Originally Posted By gwg77⏩
Oh, I was talking more about the VC firms who invested $2 billion into FTX, while SBF was busy playing video games during his pitch meeting with one of them.
You are right. I wonder if those VC firms are going to get sued by investors. Most likely. The association to FTX has to be poison.
Helping one person may not change the world, but it could change the world for one person.
post 1674219313 01-05-2023, 11:04 PM
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Originally Posted By Mark1T⏩
You are right. I wonder if those VC firms are going to get sued by investors. Most likely. The association to FTX has to be poison.
Idk. But watching some of the VC firms and Ontario pension fund come out and say they performed rigorous due diligence when FTX failed was pretty funny.
post 1674242173 01-06-2023, 08:53 AM
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SBF is still fighting for control of the $450 million worth of Robinhood shares, arguing that he bought the shares through an entity that is not implicated in the FTX bankruptcy, even though the shares were purchased with BORROWED money from Alameda Research. Absolute clown world.




Bankman-Fried opposed that idea in a filing made Thursday, arguing that he and Wang had legitimately bought the shares using money borrowed from FTX’s trading arm, Alameda Research, and that the loan was documented. BlockFi, a lender that FTX last year attempted to prop up before it also filed for bankruptcy, also opposed the attempt to seize control of the shares in a separate filing made Thursday.

“It is improper for the FTX Debtors to ask the Court to simply assume that everything Mr. Bankman-Fried ever touched is presumptively fraudulent,” Bankman-Fried's filing said. “Mr. Bankman-Fried requires some of these funds to pay for his criminal defense.”
https://www.coindesk.com/business/20...inhood-shares/
post 1674244963 01-06-2023, 09:36 AM
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Originally Posted By gwg77⏩
Idk. But watching some of the VC firms and Ontario pension fund come out and say they performed rigorous due diligence when FTX failed was pretty funny.
Yes, very funny they are attempting to cover their asses. Not one entity did enough due diligence.
Helping one person may not change the world, but it could change the world for one person.
post 1674510793 01-10-2023, 09:41 AM
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Article:

https://www.bloomberg.com/news/artic...th-prosecutors






Article:

https://dlnews.com/articles/ftx-sent...ost-bankruptcy
post 1674671303 01-12-2023, 12:10 PM
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Read full Substack here:


https://sambf.substack.com/p/ftx-pre-mortem-overview


(when it asks if you want to subscribe, just click on continue reading to read the whole thing for free)



__________________________________________________ _



Full 68-page list of FTX Equity holders below. Link shows how many shares Tom Brady, Gisele, Robert Kraft, Sequoia Capital, etc hold. Brady's shares were worth $92 million at one point.


https://assets.bwbx.io/documents/use...U3ILstZLhto/v0
post 1674672423 01-12-2023, 12:25 PM
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From SBF's Substack. This kid is delusional.

As mentioned above, his $1.6 billion in loans taken out from Alameda are from stolen customer deposits, but he wants to say he didn't steal any money. Lmao.


post 1674673013 01-12-2023, 12:33 PM
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Bankrupt cryptocurrency exchange FTX said it has located more than $5 billion in cash and other liquid assets and is hoping to sell hundreds of additional investment holdings with a book value of more than $4.6 billion.

Those assets are valued as of FTX’s bankruptcy filing in November and don’t include $425 million held by authorities in the Bahamas, company lawyers said on Wednesday in the U.S. Bankruptcy Court in Wilmington, Del.

FTX lawyers also told the judge overseeing the bankruptcy case that the amount of the shortfall in FTX customer funds isn’t yet clear. The company is working on determining the size of the claims pool and potential recoveries for some 9 million customer accounts it has identified, FTX lawyer Andrew Dietderich said in the court hearing.

Mr. Dietderich said that new FTX management is “building financial statements from the ground up,” rather than using previous statements. The company is also “well under way on plans to monetize over 300 other nonstrategic investments, with a book value over $4.6 billion,” Mr. Dietderich said.
Continue reading:


https://www.wsj.com/articles/ftx-say...ts-11673452986
post 1674681413 01-12-2023, 02:44 PM
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And you ****gits think he's not going to get mason jarred up, lmao.
Deepfat: "I guarantee I beat you by at least 6 strokes. Afterwards, I'll slide my thick conservative cawk in your old lady just to finish the job."

z4: "So when are you available in September to play?"

Deep: "On second thought, I don't play golf with broads. You're such a scumbag that I'd be much more inclined to just slap the chit out of you."

z4: "MMA match works, too. So when are you available this month?

Deep: "I won't subject myself to being in the presence of a scumbag."
post 1675167343 01-17-2023, 03:06 PM
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#625
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post 1675417063 01-20-2023, 07:40 AM
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Some updates:


FTX’s new chief executive, John J. Ray III, said he is looking into the possibility of reviving the bankrupt crypto exchange as he works to return money to the failed company’s customers and creditors.

In his first interview since taking over FTX in November, Mr. Ray said that he has set up a task force to explore restarting FTX.com, the company’s main international exchange. Although top FTX executives have been accused of criminal misconduct, some customers have praised its technology and suggested that there would be value in rebooting the platform, he said.

“Everything is on the table,” Mr. Ray said. “If there is a path forward on that, then we will not only explore that, we’ll do it.”
https://www.wsj.com/articles/new-ftx...rt-11674143168








Read full thread:



Read Declaration:

https://www.courtlistener.com/docket...x-trading-ltd/



post 1675417823 01-20-2023, 07:52 AM
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[QUOTE=gwg77 post_id=1675417063][b]Some updates:[/b]


[img]https://i.imgur.com/5HrbYT/img]




[URL=https://www.wsj.com/articles/new-ftx-chief-says-crypto-exchange-could-restart-11674143168]https://www.wsj.com/articles/new-ftx...rt-11674143168[/URL]






[img]https://i.imgur.com/klN80FZ.jimg]

[b]Read full thread:[/b]

[x]https://twitter.com/AutismCapital/status/1616223578520944642[/x]

[b]Read Declaration:[/b]

[url]https://www.courtlistener.com/docket/65748821/530/ftx-trading-l/url]



[img]https://i.imgur.com/i8DZwpC.jpg[/img][/QUOTE]Must have inherited all that money
post 1675418173 01-20-2023, 07:58 AM
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Originally Posted By Evolutionary1⏩
Must have inherited all that money
Pretty much. His father started the oil company that he walked into.

https://en.wikipedia.org/wiki/Robert_A._Belfer
post 1675418563 01-20-2023, 08:05 AM
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#629
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Originally Posted By gwg77⏩
Pretty much. His father started the oil company that he walked into.

https://en.wikipedia.org/wiki/Robert_A._Belfer
look how fast it happens now..
post 1675986313 01-27-2023, 08:06 PM
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Full article:

https://www.coindesk.com/policy/2023...unication-ban/






Full article:

https://markets.businessinsider.com/...t-funds-2023-1







Link:

https://restructuring.ra.kroll.com/FTX/Home-DocketInfo
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