Well some good news for SBF if we can call it this. Famous Hollywood Actor Mark Wahlberg’s media production company, Unrealistic Ideas are planning a documentary on crypto exchange FTX and Binance.
This documentary will be about SBF and Binance founder Changpeng Zhao relationship. I wonder how much money SBF will earn from this. Even if it is millions of dollars, he maybe will not get to ever spend it if he goes to jail for a long time.
Topic: SBF said: WHAT HAPPENED? - page 4. (Read 1488 times)
What are the latest updates to SBF? as far as I know he is under house arrest now, and also bailed in the amount of 250K$ or 250M$, Please correct me.
I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
It's $250 Million and his parents helped him with it. If he so much tries to flee and hide, his parents would have a headache for it as their house was the one that is used to secure that $250 million bond.I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
SBF also continues to state that he no longer has millions and only has close to $100k in his bank account. Yeah right.
Look at the people, the parents are involved, come on, they all know what they're doing, poor baby doesn't want to be locked up.
What are the latest updates to SBF? as far as I know he is under house arrest now, and also bailed in the amount of 250K$ or 250M$, Please correct me.
I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
It's $250 Million and his parents helped him with it. If he so much tries to flee and hide, his parents would have a headache for it as their house was the one that is used to secure that $250 million bond.I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
SBF also continues to state that he no longer has millions and only has close to $100k in his bank account. Yeah right.
he may look like someone who hasn't gotten his shit straight but he isn't dumb enough. he does have money. he holds politicians by the balls so it's not going to end up as he'd rot in prison. we all know what will happen to people with money and connections to the high place. they can extort each other so they either get out free or commit suicide like Epstein. as for now there is no cause for him to be dead yet.
What are the latest updates to SBF? as far as I know he is under house arrest now, and also bailed in the amount of 250K$ or 250M$, Please correct me.
I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
It's $250 Million and his parents helped him with it. If he so much tries to flee and hide, his parents would have a headache for it as their house was the one that is used to secure that $250 million bond.I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
SBF also continues to state that he no longer has millions and only has close to $100k in his bank account. Yeah right.
What are the latest updates to SBF? as far as I know he is under house arrest now, and also bailed in the amount of 250K$ or 250M$, Please correct me.
I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
I just believe that SBF will be held accountable for the scandals he did in FTX. What he did was not a trivial amount that affected the market in truth. Where a lot of ftx users has been robbed by this person actually.
https://decrypt.co/120260/ftx-sister-firm-alameda-hits-bankrupt-voyager-digital-446m-lawsuit
FTX Sister Firm Alameda Hits Bankrupt Voyager Digital With $446M Lawsuit
"Trading firm Alameda Research has filed a new lawsuit seeking to recover about $445.8 million from the bankrupt crypto broker Voyager Digital.
Sam Bankman-Fried, the disgraced founder and CEO of FTX, also co-founded the trading firm in 2017. A day before FTX filed for bankruptcy in November 2022, it emerged that the crypto exchange had lent customer funds to help prop up Alameda Research."
FTX Sister Firm Alameda Hits Bankrupt Voyager Digital With $446M Lawsuit
"Trading firm Alameda Research has filed a new lawsuit seeking to recover about $445.8 million from the bankrupt crypto broker Voyager Digital.
Sam Bankman-Fried, the disgraced founder and CEO of FTX, also co-founded the trading firm in 2017. A day before FTX filed for bankruptcy in November 2022, it emerged that the crypto exchange had lent customer funds to help prop up Alameda Research."
Federal prosecutors think that SBF should be forbidden to use encrypted messaging software like Signal. They are saying he is using them to send messages for witness tampering.
This all came form SBF reaching out to a potential witness his his trial. It was General Counsel of FTX US. He is also in contact with other current and former FTX employees, which is not allowed from the judge. The government wants to prevent 'obstruction of justice'.
This all came form SBF reaching out to a potential witness his his trial. It was General Counsel of FTX US. He is also in contact with other current and former FTX employees, which is not allowed from the judge. The government wants to prevent 'obstruction of justice'.
https://www.theblock.co/post/205859/ftx-creditor-list-includes-star-athletes-crypto-firms-state-governments
FTX creditor list includes star athletes, crypto firms, state governments
"Companies that offered their services to bankrupt crypto exchange FTX are included on the creditor list, which lists vendors as well as business partners. Digital service providers are joining the line to get back a piece of their funds, including giants like Amazon Web Services, Apple, Meta Platforms, LinkedIn, Twitter, Netflix and Adobe.
From the crypto industry, names like Coinbase, Binance Capital Management, Chainalysis, Yuga Labs, Doodles, BlockFi and Silvergate Bank made the list. News publications include The Wall Street Journal, CoinDesk and Benzinga. "
FTX creditor list includes star athletes, crypto firms, state governments
"Companies that offered their services to bankrupt crypto exchange FTX are included on the creditor list, which lists vendors as well as business partners. Digital service providers are joining the line to get back a piece of their funds, including giants like Amazon Web Services, Apple, Meta Platforms, LinkedIn, Twitter, Netflix and Adobe.
From the crypto industry, names like Coinbase, Binance Capital Management, Chainalysis, Yuga Labs, Doodles, BlockFi and Silvergate Bank made the list. News publications include The Wall Street Journal, CoinDesk and Benzinga. "
Remember when SBF said he was 'broke' with only hundred thousand dollars? Well what do we know this is all a big lie and now the Feds are cracking down on him.
A small bank with only 3 workers has now turned over get this $50 million of SBF money. It is interesting to note that Alameda Research bought an $11.5 million stake in the same bank. This was more than double what the bank is even worth.
A small bank with only 3 workers has now turned over get this $50 million of SBF money. It is interesting to note that Alameda Research bought an $11.5 million stake in the same bank. This was more than double what the bank is even worth.
https://www.cnbc.com/2023/01/17/ftx-says-415-million-of-crypto-was-hacked.html
FTX says $415 million of crypto was hacked
FTX has identified about $5.5 billion worth of digital assets for recovery, a number that includes $415 million in “hacked crypto.”
FTX’s new CEO John Ray said in a statement that it’s taken a “Herculean investigative effort from our team to uncover this preliminary information.”
FTX’s advisors are also reviewing a $2.1 billion share repurchase payment from FTX to crypto exchange Binance in the third quarter of 2021.
FTX says $415 million of crypto was hacked
FTX has identified about $5.5 billion worth of digital assets for recovery, a number that includes $415 million in “hacked crypto.”
FTX’s new CEO John Ray said in a statement that it’s taken a “Herculean investigative effort from our team to uncover this preliminary information.”
FTX’s advisors are also reviewing a $2.1 billion share repurchase payment from FTX to crypto exchange Binance in the third quarter of 2021.
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Now i don't know if it was legal or responsible for CZ to call out that they are going to dump all their $FTT because FTX was shady and insolvent. It sure as heck doesn't sound like anything legal.
But this response is a 2,600 word essay of trying to explain what happened and it basically can be summarised to "i didn't do anything wrong, here's the data".
I thought his legal team would have told him to shut up by now. However as i am not a lawyer i need to hear experts before jumping to conclusions.
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c) In November 2022, an extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.
First thing that made me cringe. Really solid way to avoid responsibility. Makes me think SBF maybe wasn't so sorry then.c) In November 2022, an extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.
Now i don't know if it was legal or responsible for CZ to call out that they are going to dump all their $FTT because FTX was shady and insolvent. It sure as heck doesn't sound like anything legal.
But this response is a 2,600 word essay of trying to explain what happened and it basically can be summarised to "i didn't do anything wrong, here's the data".
I thought his legal team would have told him to shut up by now. However as i am not a lawyer i need to hear experts before jumping to conclusions.
Well SBF claiming that Alameda Research was the victim of a coordinated attack and not his fault. He is sticking with his story that didn't steal FTX funds. I do not know if I can trust anything this man says buy he is staying with this defense claim.
Not sure though if that defense will stick to the court, it was obvious an mismanagement from him and his other top brass. And I think they know what they are doing is wrong and yet they proceeded to play with investors money, loaning and borrowing and even uses it for personal used.
He fails and then blames others, that is the behavior of a scammer, no scammer has the courage to take responsibility for himself. He attacks other projects and companies, and that's called business competition, but in the end, he can't escape having others attack him, he's a loser and scammer.
SFB also is saying that FTX US is solvent with $350 million in cash for paying back its victims. Something positive finally if this is true some will benefit from this greatly. We will have to wait and see if he can be trusted ever again and will be able to pay back customers.
Well it's job of the court now which assets can be liquidated to pay their customers.
We can't take SBF word for it, they have to dig deeper on how much money they can recover to be able to pay back customers because the amount is really huge and I doubt that even if all assets of SBF has been liquidated, it will still fall to the huge money they scam their customers.
Whether or not FTX gets their assets back, the victims of FTX.us are still fully compensated because they have a business license in the US, so they have to be responsible to US users if they don't want to go to jail.
Well SBF claiming that Alameda Research was the victim of a coordinated attack and not his fault. He is sticking with his story that didn't steal FTX funds. I do not know if I can trust anything this man says buy he is staying with this defense claim.
Not sure though if that defense will stick to the court, it was obvious an mismanagement from him and his other top brass. And I think they know what they are doing is wrong and yet they proceeded to play with investors money, loaning and borrowing and even uses it for personal used.
SFB also is saying that FTX US is solvent with $350 million in cash for paying back its victims. Something positive finally if this is true some will benefit from this greatly. We will have to wait and see if he can be trusted ever again and will be able to pay back customers.
Well it's job of the court now which assets can be liquidated to pay their customers.
We can't take SBF word for it, they have to dig deeper on how much money they can recover to be able to pay back customers because the amount is really huge and I doubt that even if all assets of SBF has been liquidated, it will still fall to the huge money they scam their customers.
Well SBF claiming that Alameda Research was the victim of a coordinated attack and not his fault. He is sticking with his story that didn't steal FTX funds. I do not know if I can trust anything this man says buy he is staying with this defense claim.
SFB also is saying that FTX US is solvent with $350 million in cash for paying back its victims. Something positive finally if this is true some will benefit from this greatly. We will have to wait and see if he can be trusted ever again and will be able to pay back customers.
SFB also is saying that FTX US is solvent with $350 million in cash for paying back its victims. Something positive finally if this is true some will benefit from this greatly. We will have to wait and see if he can be trusted ever again and will be able to pay back customers.
What could be believed from his words, everything was clear, what kind of coordinated attack he meant.
I think it's only natural that there are many people who attack because there are so many flaws in the management of FTX itself, and if it is not done soon it will become an even bigger culprit in the crypto market in the future.
I haven't really been following the news about the progress of the SBF case lately, if it is then I think that is a good thing for his customers and I hope it doesn't lead to false hopes being deliberately set up to keep him from going to jail.
I don't think the Democrats who returned the donations from the SBF wanted their reputation to be eroded by the SBF to protect their name from negative public sentiment.
Well SBF claiming that Alameda Research was the victim of a coordinated attack and not his fault. He is sticking with his story that didn't steal FTX funds. I do not know if I can trust anything this man says buy he is staying with this defense claim.
SFB also is saying that FTX US is solvent with $350 million in cash for paying back its victims. Something positive finally if this is true some will benefit from this greatly. We will have to wait and see if he can be trusted ever again and will be able to pay back customers.
SFB also is saying that FTX US is solvent with $350 million in cash for paying back its victims. Something positive finally if this is true some will benefit from this greatly. We will have to wait and see if he can be trusted ever again and will be able to pay back customers.
FTX Pre-Mortem Overview
Three things combined together to cause the implosion:
a) Over the course of 2021, Alameda’s balance sheet grew to roughly $100b of Net Asset Value, $8b of net borrowing (leverage), and $7b of liquidity on hand.
b) Alameda failed to sufficiently hedge its market exposure. Over the course of 2022, a series of large broad market crashes came–in stocks and in crypto–leading to a ~80% decrease in the market value of its assets.
c) In November 2022, an extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.
And then Alameda’s contagion spread to FTX and other p
Three things combined together to cause the implosion:
a) Over the course of 2021, Alameda’s balance sheet grew to roughly $100b of Net Asset Value, $8b of net borrowing (leverage), and $7b of liquidity on hand.
b) Alameda failed to sufficiently hedge its market exposure. Over the course of 2022, a series of large broad market crashes came–in stocks and in crypto–leading to a ~80% decrease in the market value of its assets.
c) In November 2022, an extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.
And then Alameda’s contagion spread to FTX and other p
https://www.washingtonpost.com/business/2023/01/11/ftx-recovers-5-billion/
Collapsed cryptocurrency exchange FTX says it has recovered more than $5 billion worth of cash and crypto assets it may be able to sell to help repay customers and investors, an attorney for the company told a Delaware bankruptcy court on Wednesday.
Company advisers have identified a significant amount of crypto that will be more difficult to sell without depressing the market price of those digital tokens, FTX attorney Andrew Dietderich said. The company is also trying to sell off other “nonstrategic investments” made by FTX that have a book value of $4.6 billion, he said.
Collapsed cryptocurrency exchange FTX says it has recovered more than $5 billion worth of cash and crypto assets it may be able to sell to help repay customers and investors, an attorney for the company told a Delaware bankruptcy court on Wednesday.
Company advisers have identified a significant amount of crypto that will be more difficult to sell without depressing the market price of those digital tokens, FTX attorney Andrew Dietderich said. The company is also trying to sell off other “nonstrategic investments” made by FTX that have a book value of $4.6 billion, he said.
Now SBF going to prison is his greatest protection. Do you want to understand a truth? Being protected is not restricting freedom. After all, SBF is at the top of the food chain, so the makers of the rules of the game, far from the coin game players, have more right to speak and freedom.
If bankman would be on top of the food chain he wouldn't be under house arrest at all.However they mystically now found 5 billion of that lost money so i am guessing sentence is going to be reduced a lot if people get their money back.
https://beincrypto.com/ftx-recovers-5-billion-in-crypto-will-customers-get-their-money-back/
Man, and i thought i was good at losing things, but i have to admit it takes some work to lose and find 5 billion worth of assets.
It was announce in Court Filings that between January and September 2022 FTX spent $40 million hotels, flights, and food. This is almost $4.5 million a month!
$15 million of this was for luxury hotels and accommodation. There was $5.8 million just on Albany hotel which was also the home for SBF $30 Penthouse. He spent about $7 million on on catered food and his entertainment.
Dang, that's a lot of luxury trips for SBF and the gang. Am I watching another real life of the previous life of Wolf of Wall Street? I guess he's got that as an inspiration and spent people's money on all of that luxurious trips.$15 million of this was for luxury hotels and accommodation. There was $5.8 million just on Albany hotel which was also the home for SBF $30 Penthouse. He spent about $7 million on on catered food and his entertainment.
The dude enjoyed his life too quick and short and he's going to pay for all of it, all of those trips that cost him a millions, I mean people's money will certainly get justice with it.
Are there death threats for them? Well, it's the US so I doubt that someone has the audacity to that to them, so this is just a exaggeration on their part to have this private guards that can rival even the President? Lol..
Considering the fact that so many people were deceived, I believe that there will be enough people who want to take revenge on Sam Bankman-Fried for their losses. Therefore, such protection is not something excessive. What is surprising in this case is that even during the investigation, he continues to spend the money of his deceived investors.
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