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To: Red Badger
They're using the time to sort out his plea, to hide the paper and the money.

The plea at this point is just simply how much actual time he spends in Club Fed. If it's more than a year and a day I will be surprised. Actually if it even is a year and a day I will be surprised.

The other two pled out to simple fraud -- the girl turned state's evidence. Neither is in jail, nor is SBF.

Cryptocrime pays better than Crypto, everyone involved will make out like bandits -- certainly the PLA coders that built out FTX and Alameda are living it up after they simply boogied out of the Bahamas back to HK Penthouse Valley, literally just a day after Zhao imploded FTX, hell they were probably working for Zhao -- they have cash stuffed everywhere. Pick it up, take a boat to Aruba or a flight to a non-extradition country of your choice.

BTW, this just happened...

"On-chain data showed that Sam Bankman-Fried, the founder of the now-bankrupt FTX exchange, sent around 570 Ether worth US$684,000 to a Seychelles-based exchange and Ren Protocol’s Bitcoin bridge on Wednesday [Dec. 28], suggesting that he attempted to cash out the funds."

40 posted on 12/30/2022 9:50:43 AM PST by StAnDeliver (Tanned, rested, and ready.)
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To: StAnDeliver
Here is the plea deal story.

FTX founder Sam Bankman-Fried likely to enter plea deal: report

"Sam Bankman-Fried is expected to enter a plea deal next week to fraud charges connected to the collapse of the Bahamas-based cryptocurrency exchange he founded, FTX.com.

Bankman-Fried is expected to appear back in the Manhattan federal court on Jan. 3, 2023. He will face U.S. District Judge Lewis Kaplan."


41 posted on 12/30/2022 9:56:05 AM PST by StAnDeliver (Tanned, rested, and ready.)
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To: StAnDeliver
"On-chain data showed that Sam Bankman-Fried, the founder of the now-bankrupt FTX exchange, sent around 570 Ether worth US$684,000 to a Seychelles-based exchange and Ren Protocol’s Bitcoin bridge on Wednesday [Dec. 28], suggesting that he attempted to cash out the funds."

Oh lookie here...

"Late on 11 November, over $473 million in funds were siphoned from FTX through what Ryne Miller, FTX US's general counsel, characterized as "unauthorized transactions". Miller announced that FTX and FTX US intended to move remaining funds denominated in cryptocurrency to offline "cold storage" for security. The funds taken from FTX were mostly stablecoins such as Tether, and were quickly exchanged for Ether, a method used by cryptocurrency thieves to thwart attempts to retrieve stolen funds." - wikipedia

43 posted on 12/30/2022 10:27:03 AM PST by StAnDeliver (Tanned, rested, and ready.)
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