You buy crypto or a toaster oven at a garage sale from this wild haired clown who went to MIT.... You are a fool. Though with that used toaster oven you are only out $10 or so.
Bernie Madoff rolled over in his grave....
You buy crypto or a toaster oven at a garage sale from this wild haired clown who went to MIT.... You are a fool. Though with that used toaster oven you are only out $10 or so.
Pretty certain our Constitution defines our legal tender as only gold and silver.
Crypto is not listed, it’s even less genuine than Fed. Reserve notes.
At least worthless paper can be burned for warmth.
Financial criminals should be treated like murderers — at least 25 to life. And no country club federal prison. Send them to maximum security, and have them share a cell with a Crip or a Blood.
Second-biggest contributor to the Democrats, too.
Will that fact buy him immunity from prosecution?
Probably.
New twist from Coin Desk =>
FTX Faces Potential Hack, Sees Mysterious Outflows Totaling More than $600M
FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
Nov 11, 2022 at 11:20 p.m. EST
Updated Nov 12, 2022 at 2:54 a.m. EST
Idiots bought in to all this garbage.
Total transparency - but, no one noticed $10 billion dollars being transferred to another trading firm?
It will be interesting to see if there are criminal statutes that apply to the way he managed client crypto money.
Civil liability, for certain, but no one is going to burn up real money by suing a flat broke 30 year old kid!
‘El Salvador Loses BIG On Bitcoin Gamble’
https://www.youtube.com/watch?v=8RJ6oOlDeNU
I’ve read a substantial amount of digital currency went to the Ukraine
Interesting observation by Musk (from a CoinDesk article):
““To be honest, I’d never heard of him,” Musk said. “But then I got a ton of people telling me [that] he’s got, you know, huge amounts of money that he wants to invest in the Twitter deal. And I talked to him for about half an hour. And I know my bullshit meter was redlining. It was like, this dude is bullshit – that was my impression.”
“Then I was like, man, everyone including major investment banks – everyone was talking about him like he’s walking on water and has a zillion dollars. And that [was] not my impression…that dude is just – there’s something wrong, and he does not have capital, and he will not come through. That was my prediction,” Musk added.
Musk also told listeners that they should keep their crypto in cold wallets, not in exchanges.
“I would reaffirm that, if you have crypto, you should have it in a directly-accessible cold wallet. Not in an exchange,” Musk said. “That would be wise.”
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.
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?
Every. Single. Time.