Posted on 12/27/2022 5:42:36 PM PST by E. Pluribus Unum
The Department of Justice is reportedly investigating an alleged hack of the cryptocurrency exchange FTX that resulted in the theft of $372 million from the firm just after it filed for bankruptcy.
New FTX CEO John J. Ray III previously stated that the firm had witnessed "unauthorized access" to its assets, prompting the DOJ inquiry, according to the Washington Examiner. The DOJ has thus far been able to freeze only a small portion of the stolen digital assets.
Ray has been a vocal critic of the company's prior management, telling Congress that the company was utterly devoid of meaningful oversight and risk-assessment safeguards to prevent its collapse.
"The issue here I was speaking to is I've never seen an utter lack of record keeping, absolutely no internal controls whatsoever," he said. "It's really unprecedented in terms of the lack of documentation."
The cryptocurrency exchange suffered a sudden collapse in November when many of its investors simultaneously attempted to withdraw their stakes from the firm, rendering it unable to fully remunerate them. Reports quickly emerged of missing assets and alleged fraud.
FTX founder Sam Bankman-Fried is currently under house arrest at his parents' California home after posting assets to gain his release against a $250 million bail. He faces a litany of federal charges.
His business associates, former Alameda Research CEO Caroline Ellison and FTX cofounder Gary Wang, meanwhile have both pleaded guilty to criminal fraud charges and are cooperating with prosecutors.
(Excerpt) Read more at justthenews.com ...
“Hack” my Aunt Fanny.
L
Hack? Like with a cloth?
DOJ personnel, speaking from their new Bugattis, said they would get to the bottom of the hack as quickly as possible.
The DOJ is investigating? My azz.
Just a prelude to claiming Russia is responsible.
It was Mr. Green, with a Wrench, in the Study.
They definitely are investigating.
There is even a small probability they will keep it if they can find it first.
However if they find out and can prove that some other gov’t has it they might agree to taking a percentage, depending which one it is of course
You nailed it perfectly.
The US Government is a Criminal Enterprise.
Look no further than the DNC and Joe Biden’s offshore bank accounts.
Follow the money. Maxine Waters blowing kisses at SBF? Money laundered through UKR? Pelosi retirement fund?
“The love of money is the root of all evil.”
—God
It wuz unauthorized access what stole al the money. Yeah that’s the ticket, unauthorized access.
How stupid does the DoJ think we are? Extremely stupid, apparently, since they know they will get away with this and laugh in our faces while doing it.
Sure— come ON, people— this wasn’t a HACK! Look how they are trying to protect all the thieving demonrats who got money this a@@hole Friedman STOLE. He STOLE the cryptocurrency. The DOJ is inventing this shite.
Better call CrowdStrike in to investigate.
Corzine did the same thing
stole customer funds (here it is not as clear. it is customer funds but my limited understanding is they were in most cases on loan to the exchange and earning interest?)
Corzine was banned from Wall St. Not a day in jail and no clawback of immense Dem donor funds obtained illegally.
I’ll be mildly surprised despite all of the huffing and puffing if SBF goes to jail.
I’m sure they’ll get right to the bottom of it.
Corzine went on to become a senator and a governor.
in other words..they didn't put up a penny ...
It was prolly Trump engaging in his usual shenanigans with his pal Putin. The walls, they be closing in
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.