I am guessing his girlfriend is vegan too. But at least she doesn't have a gold plated nose ring.
Posted on 11/11/2022 11:43:22 PM PST by dennisw
$2BN of clients' money is MISSING from collapsed crypto exchange FTX: Founder Sam Bankman-Fried 'secretly transferred $10BN to trading company Alameda Research run by his girlfriend'
FTX founder Sam Bankman-Fried allegedly shuffled $10billion in funds to his trading firm Alameda Research, with about $2billion now missing
Sources said that the CEO showed spreadsheets revealing the missing funds from FTX, which along with Alameda declared bankruptcy
Bankman-Fried denied making the secret transfers to his crypto trading firm, which is run by his girlfriend, Caroline Ellison He declined to comment about the missing funds and said his firm had 'confusing internal labeling' The SEC, which has been criticized for not acting sooner, is investigating FTX's handling of customer funds, as well its crypto-lending activities
About $2billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
Founder and CEO Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to the trading company Alameda Research, which is run by his girlfriend Caroline Ellison, the people told Reuters.
A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.
While it is known that FTX moved customer funds to Alameda, the missing funds are reported here for the first time.
The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources.
The records provided an up-to-date account of the situation at the time, they said. Both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.
Bahamas-based FTX filed for bankruptcy on Friday after a rush of customer withdrawals earlier this week.
(Excerpt) Read more at dailymail.co.uk ...
Just like Bernie Madoff , SBF is a huge Democrat donor.
These fraudsters share DNC morals
Sam Bankman-Fried
A money changer showed them a magic trick.
Usually these sorts of threads attract the crypto-bros like a fresh cow-flop attracts flies.
I’m almost disappointed not to read the usual clarion call that’s generally some flavour of: “Dude, if you don’t understand Blockchain, I ain’t got time to explain it to you. All you need to know is that crypto WORKS, and it’s THE FUTURE. This ship is about to sail and the winners will be on it! This (scam/meltdown/theft) is just an aberration!”
Missing from the media’s mention of Sam Bankman Fried’s huge political contributions is the fact that he is a huge supporter of democrats and he also donated $5.6 million to biden’s 2020 campaign. Turns out it was all Monopoly money with FTX investors left holding the bag. I wonder if the democrats who received this ponzi cash will return it in the interest of being ethical. Won’t happen. Just like the media will downplay SBF’s political affiliation. Try to imagine if he had donated to Trump or any Republicans. The media would be apoplectic, demanding they return the money and filling the airwaves with stories about how this “crypto scam artist” supports the GOP. Where are you Bloomberg News? You never miss an opportunity to point out Jeff Yass’ GOP support, but you are remarkably silent on SBF supporting the leftist dems. No investors in Yass’ SIG (Susquehanna International Group) are facing bankruptcy because of mismanagement of their funds or their funds being invested in a fabricated token.
Here is the girlfriend.....hahaha
Hope both of them wind up in slammer.
“Crypto is not listed, it’s even less genuine than Fed. Reserve notes.”
Are you sure?
I just looked up the inflation rate since 1913. 2910.2%
(1791 - 1912: about 0% to 1%)
So if you are right, that Crypto must really be worthless.
She looks like she couldn’t manage to get the coffee order right at the local coffee kiosk.
I would hope for his sake that there is no money from the Mob involved. Brings to memory the late Bugsy Siegel who spent their money wildly in his Vegas casinos and got a bullet to the eye. Same for banker Roberto Calvi, who lost billions for the Mob, the Vatican, and individual investors in Banco Ambrosiano and conveniently committed “suicide” by “hanging himself” in tunnels next to the Thames in London.
Assuming those figures are correct I wonder if anyone was actually able to cash out at 67 times what they put in...or did they find that they had been fooled...or defrauded?
Absolutely, quite a few bought in at $10 per coin.
I am guessing his girlfriend is vegan too. But at least she doesn't have a gold plated nose ring.
That’s all $25B gets you these days? WOW! Inflation sure has screwed up the GF market.
Dude...you can buy better looking women than that...
Problem with a cold wallet…you lose your private key and you are hosed. Can also be more difficult to make transactions. It’s more like gold buried in the backyard, but not quite the same for obvious reasons.
OMG. These two dorks won’t survive in prison very long.
Check the bank accounts of Democrat politicans
Every. Single. Time.
$1.7 billion will buy a lot of votes. And a lot of protection.
This is the new America. Elections stolen everywhere; no accountability for financial organizations. Every man out for himself. Prepare and plan accordingly.
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