Well he Bribed the right people
He paid protection money to the Dems. If he’s not protected, then other people may stop making the required payments. It’s like paying the mob for “fire insurance”.
Senators will have a chance to bloviate and “express outrage”. They’ll read statements that their aides prepared for them, and then go back to day drinking and rousting donors.
blah blah.
Ask Mitch McConnell.
“Silvergate’s failure to take adequate notice of this scheme suggests that it may have failed to implement or maintain an effective anti-money laundering program, as required under the Bank Secrecy Act,” the Senators said.
~snip
Here is our regulator, SEC’s Gary Genslar, keeping an eye on cryto exchanges like FTX.”
Wasn’t SBF’s nerdy girlfriend’s father once Gary Gensler’s boss at MIT? Both her and SBF’s family are highly connected with the DNC and the regulatory agencies. I’m wondering if this scam was intentionally designed to not only finance the Dems, but to destroy the crypto market ahead of them coming out with a Central bank digital currency. This provides the excuse they needed to highly regulate crypto, and will probably result in many of these scam crypto exchanges going under.
He should be brought in, but it is not trivial.
He is hiding out in the Bahamas (if he is still there). The Bahamas have an extradition treaty, but it is fair to assume he has spread a lot of bribes around so the local officials will warn him and maybe aid his escape.
“Bitcoin and other cryptos have been clobbered in 2022 as The Fed tightens monetary policy to combat inflation.”
Which is quite funny to me, since if crypto was an actual viable alternative to fiat currency it would be in demand as inflation rises and people seek safe harbors from devalued fiat money. Instead we see the opposite.
My understanding is that he is offshore, so there are jurisdictional problems with getting ahold of him physically. They’re clearly preparing a case, and will arrest him once those indictments are ready.
As to the question of “where were the regulators” the whole appeal of “the crypto space” was that it didn’t need regulators, because it was so clean and free from government interference.
I just have no sympathy at all for any adult that got caught in this swindle. None. You knew what you were doing was insane, and you did it anyway. Sorry Charlie.
Because he took the “all of government” approach. https://www.opensecrets.org/orgs/ftx-us/summary?id=D000073694
He gave money to all of government.