Posted on 11/15/2022 8:14:54 AM PST by dynachrome
FTX filed for bankruptcy last week, but the cryptocurrency exchange’s founder still thinks that he can raise enough money to make users whole, according to people familiar with the matter.
Mr. Bankman-Fried, alongside a few remaining employees, spent the past weekend calling around in search of commitments from investors to plug a shortfall of up to $8 billion in the hopes of repaying FTX’s customers, the people said.
The efforts to cover that shortfall have so far been unsuccessful. The Wall Street Journal couldn’t determine what Mr. Bankman-Fried is offering in return for any potential cash infusion, or whether any investors have committed.
(Excerpt) Read more at wsj.com ...
~ Tom Brady
He then went on to say: ‘Your donations will be split with Democrats through untraceable mechanisms, benefiting the world while dodging campaign contribution limits.’
She’s fully vaccinated, so there’s that....
How many times does it take for a burnt man to realize that if he runs into another burning building, he will get burnt again?
This garbo has S U C K E R S written all over it.
And be assured, there will be S U C K E R S who will but into the garbo again. Ponzi schemes are like that...../s
10,000s are going to be utterly wiped out
Tom Brady had $650 million “invested” - wiped out. Real reason for the divorce?
Will the democrat marxists give back the tens of millions “donated” to them for the 2022 midterms?
Did Brady actually have skin in the deal, or was that “compensation” for his endorsements that he won’t be able to collect now.
I’ve seen comments on both sides, although I gotta figure he’ll get by somehow...
Aside from that filtered back to the DNC, where did the rest of the money go?
The words allude me. If this is the level of devolution some people aspire too, no wonder we are screwed.
But then how does he plan on paying back the people he just gets the money from?
Your guess as good as anyone’s till an in-depth investigation can be done and if the findings are not suppressed.
Tell him to have our Congressfools send more money to Ukraine and FTX will have fresh cash right away... less 10% for the big guy of course.
You should read his background at the Wikipedia link below.
https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Early_life_and_education
Lived on the Stanford campus and was raised by two professors.
That tells you all you need to know!
I saw her face in the commercial with Tom. So I doubt it.
That is the big question.
“where did the rest of the money go?”
You’re confusing “value” with “money”. Crypto might have value but crypto isn’t money. And value can just evaporate as soon as people decide something isn’t valuable to them anymore.
There are rumors that large amounts of crypto currency was quietly deposited into certain pols’ private crypto accounts — over and above what was given to individual campaigns and PACs. And you can be sure St. Volodymyr and his cronies were generously remunerated for assisting with the money-laundering.
“evaporate as soon as people decide something isn’t valuable to them anymore.”
Tulip bulbs to beanie babies.
Mr. Bankman-Fried, alongside a few remaining employees, spent the past weekend calling around in search of commitments from investors to plug a shortfall of up to $8 billion...
—
((checking wallet))
“Sorry. Can’t help you.”
Note that scumbag Peter Singer is part of the fraudulent ‘effective altruism’ crap.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.