SBF said: WHAT HAPPENED? - page 5. | Bitcointalksearch.org

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: mich on January 11, 2023, 02:43:11 AM

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.
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.

Thomas Kralow

newbie

Activity: 38

Merit: 0

Quote from: tvplus006 on December 28, 2022, 07:54:52 AM

Quote from: TravelMug on December 28, 2022, 07:10:03 AM

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.

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.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

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.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://www.cnbc.com/2023/01/03/sam-bankman-fried-pleads-not-guilty-to-fraud-charges-in-new-york.html
Sam Bankman-Fried pleads not guilty to federal fraud charges in New York
"Former FTX CEO Sam Bankman-Fried pleaded not guilty to federal charges in New York on Tuesday, less than two months after his crypto empire collapsed.
Charges against Bankman-Fried include money laundering, conspiracy to commit wire fraud and securities fraud.
The case was assembled quickly by prosecutors from the Southern District of New York, who gained the cooperation of Bankman-Fried’s close lieutenants Caroline Ellison and Gary Wang."

HELENA22

newbie

Activity: 11

Merit: 0

Quote from: TastyChillySauce00 on November 15, 2022, 10:31:55 AM

SBF was typical a troller. that tweet has been revealing his true nature since what happened with so many users of FTX (include me) and he can still try to create such troll tweet like nothing happened. I hope that guy will be jailed soon along with alameda ceo.

that shitty guy must be brought to the court as soon as possible. there's something wrong happened with him. i believe.

SBF is a typical perpetrator. Whether it is for personal interests or political interests, he has completely forgotten the interests of users. Some say it's a parasite, some say it's a criminal. I want to say that SBF relies on some kind of background to unscrupulously treat others as fools.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

Well this is no surprise SBF pleads not guilty in the FTX fraud case in his Tuesday hearing. His trial date is noe set for October 23, I can not wait to read on it.

And do you remember his Robinhood shares? Now the United States Deaprtment of Justice has seized his shares worth $575 million.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

I certainly do not believe how SBF is being treated for not having to be in prison right now. I seriously think that he is somewhat getting that privileged treatment, and why is he being overly protected? The world absolutely doesn’t revolve around him.

I read four times in 2022 he met with President Biden’s White House aides. I am really pondering what that was all about. Then SBF cashed out almost $700,000 being on house arrest, after leading us to believe on the media that he has no money, and he may not spend more then $1000 each day.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://nypost.com/2022/12/27/sam-bankman-fried-met-with-big-short-author-michael-lewis/
"Sam Bankman-Fried met with ‘Big Short’ writer Michael Lewis during house arrest
Currently holed up at his parents’ home at Stanford University after being released on $250 million bail last week following being slapped with federal charges of financial fraud and money laundering, Bankman-Fried was visited by bestselling author Michael Lewis."
Soon Sam will be a movie star Grin

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: South Park on December 28, 2022, 06:07:04 PM

Quote from: TravelMug on December 28, 2022, 07:10:03 AM

Quote from: tvplus006 on December 28, 2022, 06:36:30 AM

"Amid death threats and sudden global infamy, accused FTX fraudster Sam Bankman-Fried and his parents have turned their posh Stanford home into a heavily guarded fortress. The family is shelling out roughly $10,000 a week to have a private Bay Area security firm patrol the leafy, 3,000-square-foot residence with several armed guards working around the clock" - https://nypost.com/2022/12/27/ftxs-sam-bankman-fried-pays-10k-a-week-for-armed-security/

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,

They are really paranoid as this point, and that is the consequences of SBF actions, now he is afraid of his own life and his family too.

About the movie deal though, yeah, probably it will make a lot of money for him and he really needed every help he can get.

Maybe they are that paranoid but to me this seems like just an attempt to sell himself as the victim, his defense is most likely going to paint him as a naive CEO which trusted the wrong people and push the blame on someone else, so all of those guards outside his residence are there to give the impression that he is being forced in such a situation and generate sympathy for himself, will this work? I doubt it but SBF is going to try anything to save himself from spending the rest of his life at prison.

Yes, that's also what I think too as well, he will sell himself as the victim here with numerous death threats and then hiring people to protect him. So still he is going to feel secure and still has his pride inside of him. This kind of people doesn't have emotions or feelings, all they wanted is fame and money.

I do hope that the full justice will be achieved here, because for sure he can afford expensive lawyers in the financial world that will defend him at all cost and portray him as some innocent individual who has been manipulated by some people behind.

But if two of his employees are going to testify against him, maybe the case will really have that weight and SBF can't get off the hook and probably be the Bernie Madoff of crypto industry.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: TravelMug on December 28, 2022, 07:10:03 AM

Quote from: tvplus006 on December 28, 2022, 06:36:30 AM

"Amid death threats and sudden global infamy, accused FTX fraudster Sam Bankman-Fried and his parents have turned their posh Stanford home into a heavily guarded fortress. The family is shelling out roughly $10,000 a week to have a private Bay Area security firm patrol the leafy, 3,000-square-foot residence with several armed guards working around the clock" - https://nypost.com/2022/12/27/ftxs-sam-bankman-fried-pays-10k-a-week-for-armed-security/

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,

They are really paranoid as this point, and that is the consequences of SBF actions, now he is afraid of his own life and his family too.

About the movie deal though, yeah, probably it will make a lot of money for him and he really needed every help he can get.

Maybe they are that paranoid but to me this seems like just an attempt to sell himself as the victim, his defense is most likely going to paint him as a naive CEO which trusted the wrong people and push the blame on someone else, so all of those guards outside his residence are there to give the impression that he is being forced in such a situation and generate sympathy for himself, will this work? I doubt it but SBF is going to try anything to save himself from spending the rest of his life at prison.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: kamvreto on November 15, 2022, 09:52:22 AM

SBF is a terrible parasite in the crypto ecosystem. He said What Happened as if he didn't care about what was happening right now. He looked relaxed and was probably drinking coffee and leaning back in his chair.

"[NOT LEGAL ADVICE. NOT FINANCIAL ADVICE. THIS IS ALL AS I REMEMBER IT, BUT MY MEMORY MIGHT BE FAULTY IN PARTS.]"

I don't really have the exact timeline of the events happening at and with FTX at the top of my head right now so i can not really say if this tweet of him was made when it was already clear that FTX would go bankrupt or if this happened still before that. No matter when exactly this tweet was made it still leaves a very sour taste to everyone that is involved in the crypto market. The people that were hit the most were obviously those that were invested into FTX or that had funds at FTX. Most of those people lost all of their funds. This is something that can ruin the lifes of people and to make such a tweet then is just a very bad taste.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

Quote from: Ben Barubal on December 28, 2022, 08:30:58 AM

Quote from: mich on December 28, 2022, 02:55:49 AM

Now SBF is on house arrest and being meeting with movie Director and author Michael Lewis to make a movie about him. This makes sense he is going to need all the money he can get for his legal case.
He bought Robinhood shares worth $546 million with money from Alameda research. I do not think he is going to get out of jail for a long time. And this is the right decision to make.

As far as I know, SBF bailed in the amount of 250M$, he was allowed to bail but he cannot leave the country until the case he is facing is finished.

This is the news I came across about SBF, somehow the money he has is still doing something, but of course, we will still look at the next chapter about this thing that is happening to him, which after all, the amount of the bail is very large paid for it.

SBF did not post bail. 250 million worth of his house in the Bahamas, which he bought with ill-gotten money. If he does not appear in court, he will lose his property. This is the kind of circus that's going on in the US right now. All major scammers are out on bail.
https://decrypt.co/117814/how-sam-bankman-frieds-250-million-bond-works

Ben Barubal

member

Activity: 560

Merit: 17

Eloncoin.org - Mars, here we come!

Quote from: mich on December 28, 2022, 02:55:49 AM

Now SBF is on house arrest and being meeting with movie Director and author Michael Lewis to make a movie about him. This makes sense he is going to need all the money he can get for his legal case.
He bought Robinhood shares worth $546 million with money from Alameda research. I do not think he is going to get out of jail for a long time. And this is the right decision to make.

As far as I know, SBF bailed in the amount of 250M$, he was allowed to bail but he cannot leave the country until the case he is facing is finished.

This is the news I came across about SBF, somehow the money he has is still doing something, but of course, we will still look at the next chapter about this thing that is happening to him, which after all, the amount of the bail is very large paid for it.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: TravelMug on December 28, 2022, 07:10:03 AM

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.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: bitgolden on November 25, 2022, 04:21:22 AM

Basically, the main reason is the fact that they can be. I also would like to point out that we feed their greed and that is causing a lot of trouble for the crypto world.

If we only invested into the top 20, and here and there decide which ones to be out of top 20 and new ones to get in, but do not invest into anything else, that means about 100 billion or so dollars would be going back into top 20, that would make the prices of everything go up insanely high, that’s like adding more than 10% to each of them and in a single move, and that would be a HUGE thing when the prices go up during the bull run. That’s why the devs do it, they can make money from people who still invest into shitcoins instead of top 20.

But you can't blame the millions of crypto enthusiast to trust their money to a person like SBF because at that time they are really doing good, even becoming the second largest crypto exchange behind Binance.

But there is a big story behind that we didn't know, until it was too late, no one see it coming maybe except SBF and his ex-gf and his CFO. Now the 3 have been indicted and hopefully all of them will go behind bars for the crimes that they have committed.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: tvplus006 on December 28, 2022, 06:36:30 AM

Quote from: mich on December 28, 2022, 02:55:49 AM

Now SBF is on house arrest and being meeting with movie Director and author Michael Lewis to make a movie about him. This makes sense he is going to need all the money he can get for his legal case...

"Amid death threats and sudden global infamy, accused FTX fraudster Sam Bankman-Fried and his parents have turned their posh Stanford home into a heavily guarded fortress. The family is shelling out roughly $10,000 a week to have a private Bay Area security firm patrol the leafy, 3,000-square-foot residence with several armed guards working around the clock" - https://nypost.com/2022/12/27/ftxs-sam-bankman-fried-pays-10k-a-week-for-armed-security/

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,

They are really paranoid as this point, and that is the consequences of SBF actions, now he is afraid of his own life and his family too.

About the movie deal though, yeah, probably it will make a lot of money for him and he really needed every help he can get.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: mich on December 28, 2022, 02:55:49 AM

Now SBF is on house arrest and being meeting with movie Director and author Michael Lewis to make a movie about him. This makes sense he is going to need all the money he can get for his legal case...

"Amid death threats and sudden global infamy, accused FTX fraudster Sam Bankman-Fried and his parents have turned their posh Stanford home into a heavily guarded fortress. The family is shelling out roughly $10,000 a week to have a private Bay Area security firm patrol the leafy, 3,000-square-foot residence with several armed guards working around the clock" - https://nypost.com/2022/12/27/ftxs-sam-bankman-fried-pays-10k-a-week-for-armed-security/

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

Now SBF is on house arrest and being meeting with movie Director and author Michael Lewis to make a movie about him. This makes sense he is going to need all the money he can get for his legal case.
He bought Robinhood shares worth $546 million with money from Alameda research. I do not think he is going to get out of jail for a long time. And this is the right decision to make.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Basically, the main reason is the fact that they can be. I also would like to point out that we feed their greed and that is causing a lot of trouble for the crypto world.

If we only invested into the top 20, and here and there decide which ones to be out of top 20 and new ones to get in, but do not invest into anything else, that means about 100 billion or so dollars would be going back into top 20, that would make the prices of everything go up insanely high, that’s like adding more than 10% to each of them and in a single move, and that would be a HUGE thing when the prices go up during the bull run. That’s why the devs do it, they can make money from people who still invest into shitcoins instead of top 20.

Lambe Ndumble

member

Activity: 569

Merit: 10

I'm sure at this time SBF already knew that FTX was immediately bankrupt so he chose to register bankrupt in court, billions of money disappeared and made him get a great pressure and the best solution was to declare bankrupt So he displays sad things while laughing.

Topic: SBF said: WHAT HAPPENED? - page 5. (Read 1601 times)