Topic: Noah (Shuffle) stole $20m from FTX after bankruptcy to start Shuffle (Read 434 times)

If we agree for a moment that everything transpired and events unfolded exactly the way you stated, there is an immediate question that comes to mind: If you know about this then no doubt the investigators know about it too therefore what action did they take?

Also, using your personal opinion and insight, which of the following is the probably most accurate:

Noah was interviewed and cleared
Noah was interviewed and is still under investigation
Noah was never interviewed 
Noah was never interviewed and never will be
Noah was never interviewed but possibly will be

The specific case mentioned in this article has already been dismissed.
https://restructuring.ra.kroll.com/ftx/Home-DocketInfo?DocAttribute=4756&DocAttrName=FTXTRADINGLTD.%2CETAL.V.BURGESS%2CETAL._Q&MenuID=10549&AttributeName=FTX%20Trading%20Ltd.%2C%20et%20al.%20v.%20Burgess%2C%20et%20al.

It seems that FTX sued several exchanges, trading firms, and individuals to try and claw back as many funds as possible. Claw back litigation is a normal part of a bankruptcy process. These cases are usually settled or dismissed. FTX could try and reclaim the $20 million that was sent to a Shuffle-related wallet, but the worst that could come of this would be that the Shuffle owner would have to return $20M.


Less than $100k of the FTX funds were transferred to Shuffle. The majority went into defi and centralized exchanges. There are all kinds of things one can speculate based on what little evidence was presented in this thread, but until there is more than vague, unsubstantiated allegations I cannot conclude that Shuffle is an untrustworthy platform.

Obviously that's not what he's saying. Why ramp things up to hyperbolic extremes? The FTX bankruptcy was a high profile event. Those tasked with identifying funds transferred out in its final days wouldn't let something like this slip by unless they felt the withdrawals were legitimate. Basically you're saying you know better than them, even though they have access to a lot of information you do not. Any idiot can look at Etherscan and jump to the same conclusions you have.


I suppose you better go to congress and demand a full investigation since you're not satisfied with what has happened so far.

Also, they weren't all 50k increments (rounding up as most were 49999); one was 150k, a few were 4998, one was 6826... You're just repeating what the OP said without confirming it for yourself.


The withdrawal of such a large sum of funds on the day (or day before) it was announced that FTX was suspending withdrawals is indeed strange. Noah Dummett worked at Alameda Research. It appears he knew what was about to happen. Maybe everyone who worked for Alameda got the same treatment, we don't know. We also don't know if he was cleared or if there is an ongoing investigation into the withdrawals. One thing's for sure: getting all mad about it won't change anything.

I think the feds have already dusted their hands with FTX and are probably no longer investigating the case at this stage. I think it is also naive to think that they are real-time in catching criminals. I am not saying Noah is a criminal, but the fact is, Noah of Shuffle.com used $20,000,000 that originated from a criminal organization to start a casino.

That's a pretty damn big fact...and valid chain of questions come with it:
From what did that $20,000,000 come from? Did it simply originate from legitimate funds and appreciated with Crypto (which leads to questions of insider trading considering FTX / Alameda research connects)? Or did he earn it with FTX, and if so, in what world do you earn $20,000,000 from a (criminal) company that was around for less than 5 years if you weren't significantly involved in its (criminal) operations? That's $4,000,000 a year (conservative as FTX was not around for 5 years it was for less)...PLUS he received this money while others were not able to, so it is clear he had a significant position in FTX.

Yes, Crypto did very well in that period and one could argue that Noah made the $20,000,000 from appreciation of Crypto...but even $1,000,000 is a 20x to $20,000,000.

The numbers aren't adding up here and if those transactions are valid as you said (in bold) then there is obviously investigation that is to-be-had.

It is sad to see so many people (who are fed by shuffle?) neglecting the need for further investigation when there is clear on-chain evidence.



Come on. Are you telling me that every single casino operator is clean-as-a-whistle and if they weren't clean-as-a-whistle then they'd be in jail? I wasn't aware that Crypto and the world had such a real-time autonomous justice system where as soon as someone does something illegal they are immediately reprimanded...Oh wait. We dont.

Not a single person can deny that this comment is so far from the reality that we live in, some people are never jailed for their misdeeds. sometimes officials/people are paid off to be let off of their misdeeds, sometimes people get their consequences years or decades later...That's the world/reality we live in AFAIK. Not this one that you seem to live in (based on your comment).

The blockchain speaks the truth and the big truth right now is that according to the blockchain. Noah of Shuffle received $20,000,000 in $50,000 increments from FTX.com - The big question that comes after that is what are the origins of those funds/how were they earned and the answer to that question will tell us if that money was illegal or not.

I also don't care about the OP and his scenario at this point I am just strictly speaking about the $20,000,000 that Noah, the administrator of Shuffle.com, received from FTX.com, and what exactly the origins were of that $20,000,000 (considering FTX was a criminal organisation which was operated by more than just SBF).

okay, let me explain. the withdrawals happened on day ftx collapsed when it was blocked for everyone. bahamas ppl could withdraw and ppl used illegal id to do that.

the feds havent gone after everyone cause they were busy putting bankmanfreid and his accomplices in jail. they dont focus on randos in countries outside US. so why hasnt he got into trouble yet? its cause this wasnt priority and they didnt bother as biger fish to fry. most of this things are looked at by authorities when someone tips them off and no one has yet.

there are other ppl like this from ftx who got reported and got in shit so if this is reported, same can happen- https://cointelegraph.com/news/ftx-lawsuit-against-former-employees-hong-kong-affiliate
only difference i see is that was 150m in article and this was 20m.

If you are referring to the OP then he has clarified his position but whether it is believed or not is a different matter altogether. He seems to be sidestepping the issue of his personal interest in any action against Shuffle and Noah but keeping that aside he never explained why investigators did not take action against Shuffle/Noah after those funds were withdrawn from FTX.

Maybe the OP is not happy with the hypothesis that certain FTX employees knew the company was going to collapse and withdrew funds before it happened and also that some members managed to withdraw funds after FTX troubles were made public whereas some were unable to. Maybe he is alleging Noah was given special privilege to withdraw money when others were not. If the OP wants to elaborate further it might enlighten us, until then we can only speculate.

This question was also on my mind and I tried to find out but what I saw was that they tried to avoid this issue, then I felt that they would not give any explanation on this issue, that is why these issues were not linked through proper explanation. Do you think they will still explain this?

Fuck it. If it's my own money on my account, I would try to withdraw it anyway. No matter what it costs me.
What if Noah has Bahamas Nationality as well? Do you know everything about him? Even if he used someone to withdraw his funds, I would say it is okay. He did not hacked the platform. He did not stole other peoples money. He withdraw his own funds and your thread title says he Stole the money from FTX? Sometimes doing these things are heroic. I remember how a girl withdraw her own money from the bank in Lebanon. Most international media covered that. Woman holds up Beirut bank with activists to withdraw own savings.

That was my sentiment too.

If there was $20 million missing or illegally withdrawn by a US citizen living that lives in the USA and has registered a company there to operate his online casino, he would have been arrested and charged.

There is always a possibility he was questioned by authorities on the basis he was an ex-employee of FTX like many others that were employed and interviewed before FTX collapsed but it seems the OP is convinced he found damning evidence yet the authorities that investigated have found nothing. That in itself speaks volumes about the chances of scam taking place by the current owner of Shuffle.

Is there any evidence for this claim in the form of news articles from reputable sources such as major networks?

You have not provided any evidence for this to be the case, you are stating it is your guess.

My advice to you would be collate any and all data that you deem to be evidence and then send it to the authorities. If there is any merit in what you claim they will investigate it thoroughly. If they dismiss it, you can say to yourself you tried your best and leave it at that.

Clearly many people were able to withdraw. You can see the analytics for FTX’s wallet on Etherscan and see that the days before they declared bankruptcy were their busiest ever for outgoing token transfers

You should report this to the authorities, but honestly, I doubt the accusation is true. Authorities are smarter than you think and have been investigating such matters for years. Plus, Shuffle has a valid license to operate, which means they’re not involved in any illegal activities. Your post just seems like an attempt to damage the casino’s reputation. And even if there’s some truth to it, this isn’t the right place to post since there’s no solid validation yet.

To be honest, I’d take it more seriously if it didn’t come from a newbie. It just feels like a waste of time since it’s clear you’re not getting support here to condemn Shuffle for something unproven. Let me guess, you probably lost big at the casino, didn’t you?

Shuffle didnt exist at the time so he sent there. I give evidence of Noah withdrawing when other ppl cant and he isn't from Bahamas as far as I know. Wouldnt you want to know from him how he withdrew?

I am going to leave this discussion anyway and report it if things dont change at shuffle

Woah, I am glad I went searching on this forum because I almost missed this. Dude I literally have a video of myself on twitter. My story is real. I don't know who these people obsessed with FTX are, I don't care. I just want my stuff to be taken care of and frankly it's annoying to have people making my shit look like part of a conspiracy.

Video of me...
https://x.com/BeCoolMandy/status/1854854785746554886

If there was something illegal happening, I am sure they would have done a much better job of covering their tracks rather than having a direct connection from $20 million in FTX withdrawals and Shuffle’s wallet. They could have tried laundering the funds through Tornado Cash or an instant exchange before funding the Shuffle wallet, instead they left everything out in the open.

There is no evidence that anything was stolen from FTX or that Bahamian documents were used by Noah of Shuffle to bypass withdrawal restrictions. There is only evidence that FTX processed tens of thousands of withdrawals in their final days in operation, among them being withdrawals to a wallet connected to Shuffle. If Noah had an account at FTX and was legally entitled to the $20 million that was withdrawn, this is a nothingburger of a story.

There have been many newbie accounts all making similar claims that Shuffle’s owner was involved in illegal activity associated with FTX, however none of these accounts have been able to provide clear evidence. There is only conjecture based on cherry picked pieces of information that are presented misleadingly or out of context.

Bankman-Fried was afraid of ppl in Bahamas attacking him so he let ppl with Bahamas ID withdraw. This caused many people to illegally use Bahamas id to also get their money.

My guess is the money belong to the shuffle founder but once withdrawal is closed, the money belongs to all ftx creditors and taking it with fake id is illegal when others couldn't withdraw.

I have nothing to do with person in other thread and left that thread as didnt want to bother her personal issue with this but it is def an example of things shuffle are doing to its players now.

No-one is denying the fact that some transactions happened. What is being said is if these transactions were illegal, the feds would have already investigated it and this Noah guy would be sitting in a cell. When the whole SBF fiasco happened and they arrested him and his girl who turned on him, don't ya think that every single transaction would have been looked at? I'm sure that part of his deal was he had to give full details of every transaction from the FTX wallets.

This guy just posted some transactions and said they were this or that hoping for some leverage on a casino. Why? Trying to get his affiliate pay. I am assuming this OP and the OP of this thread are the same person. Just a hunch.

Regardless of whether they are the same person or not, the feds would have someone in jail over 20 million. He wouldn't be operating a casino if all this was true and he took 20 million illegally.

Can someone please enlighten me as to why the on-chain proof is being doubted in this thread?

Is it insufficient?

Looks like a pretty damn big revelation here and considering it's all on-chain....

This is a new story for me, I did not know about that and would not have even thought it was possible either. Just because Bankman-Fried was living in The Bahamas at the time it should not have given the right for one set of passport holders to have access to funds whereas other investors were treated as less privileged.

Having said that, if there was any truth in the allegation I doubt any ex-employee of FTX would have withdrawn $20 million of their own money as they probably would not have made that much. Also, I doubt they would have stolen $20 million from FTX because the investigators would have followed the trail.

You created this thread but what is the end game here?

If you claim you are posting here to put pressure on Noah and Shuffle to make payments to those that maybe were not given what they were owed, what will you do after you realise posting here about them is not helping your cause? Do you intend to keep posting in order to apply the pressure you mentioned or will you take legal action?

I am unhappy with at Shuffle and at Noah. I have nothing to do with other people posting here but want to use this as a chance to put pressure on Noah and Shuffle to not be assholes to those that helped build them. Cant reveal identity as Ive seen what theyve done to peoples accounts and airdrop if they dont like them. Not playing on this shit website after i get my airdrop anyway.

Also, taking money from ftx with fake bahamas id is illegal (ironic he is banning people for this on shuffle when he did the same) and i want him to know that ppl know so he doesnt fuck around with us so much.

If they were his funds then finding a way to withdraw them is totally fine. I remember reading on X, one guy who had millions in crypto not being able to withdraw. Apparently people who had a Bahamas passport or ID were still able to withdraw so he was advertising, seeking out somebody who could help him.

Somebody must have sent him an ID because he withdrew and was actually telling people he could get their money out too.

He was charging them $0.90 on the dollar to withdraw peoples funds which is actually kinda sleazy but $0.10 on the dollar is better than nothing I guess. Pretty sure the Feds were looking for him after that.

I would not be surprised if it was the same person using multiple accounts, that is my initial feeling but I might be wrong. Having said that, all he has done here is provide alleged links to transactions citing theft/movement from FTX to Shuffle. His links might (or might not) be accurate but he should explain why government investigators did not make a link between Shuffle and FTX.

That is what I alluded to in the other thread about Shuffle/Noah but the OP of that thread was adamant he was going to take matters as far as he could via a legal process until or unless he received a financial payment that he claims he is entitled to. It is safe to assume when FTX collapsed every aspect of the company would have been investigated and if there was anything untoward the investigators have  found it.

Who is paying you to spread the propaganda? What is your motive?
Let me guess, a competitor of Shuffle, a forum member who have issue with Shuffle or you were caught while abusing their system and now you are butthurt.

Which one?

That's even more fishy and creates a doubt to the main scam accusation. When there is a legit scam accusation then a person don't need alt accounts to spread propaganda.

I'm not sure, but I think it's possibly an alt of the guys making the scam accusations against shuffle recently. I don't know if they're all the same person or what, but it seems odd that everyone shows up within a week or so of each other making claims.

Pretty sure the feds dug deep with the whole FTX case. I'm almost positive every transaction was looked at and everyone who could be prosecuted was.

What prompted you to create this thread a day after signing up to register? Are you someone that has personal contact with Noah, any Shuffle employees or FTX ex-employees?

Anyway, in order for those reading this thread to have a better understanding, it would be better if you would be specific about your allegation. Is it about Shuffle the company or the individual (Noah) or both?

The only withdrawals that happened was Bahamas that FTX allowed to withdraw which is the transactions you see.

Some ppl illegally used Bahamas KYC to get funds out. Is that what Noah did? See these https://www.reddit.com/r/CryptoCurrency/comments/ys6g9m/another_day_another_story_ftx_was_allegedly/
If this is what Noah did, he should be prosecuted too.

No one else could withdraw after that SBF tweet you linked because the ftx sale to binance never went through

The FTX wallet had thousands of outgoing transfers on the same date the supposed Shuffle wallet received $20 million. SBF tweeted on that day that FTX was working to clear their withdrawal backlog. There is nothing shady about removing funds from a collapsing exchange.

https://x.com/SBF_FTX/status/1590012126701441025

Does that guy have an account on the forum? As far as I know, in this section we talk about people's reputation on this forum, people who can end up being tagged. But since Shuffle is a company that advertises on the forum I guess this thread is not entirely out of place, although I don't know if it would be better placed in Scam Accusations.

I leave the shitcoin transaction analysis to the experts.

Shuffle was build using stolen and tainted funds from FTX.

Examples of withdrawals after FTX blocked access for other customers:
https://etherscan.io/tx/0x9b40569a3c06d3dd9c878126ab1ae6750334edeaa6a655c400c3c698a31b8cd4
https://etherscan.io/tx/0x496b89e85aa0a55b6b854941b814d7f2702b1ed12902dc9adcf55134cf254a03
https://etherscan.io/tx/0xefa96c8cc3fdcb417a9560043d711910d3846d6ef5a5fd63447b2b30412b5b8b

Go to this page and you can see the $20m being taken in $50k chunks so that onchain watchers dont catch him:
https://etherscan.io/tokentxns?a=0xcd6cf78b351d82c8355f14c6af62f3751cdaaffe&p=9

Proof that this is his wallet as he funds the Shuffle company wallet with this:
https://etherscan.io/tx/0xe1150fb56582889921e739e61fdfc1ffa65152b54e3b02b67eb526fdf5cd0479
https://etherscan.io/tx/0x68f49704eba64392c0743c5f7ecae0accb4b0467b6c4847a40a9c8cab466df21 (before they launched)