Nobody Cares about Sam Bankman-Fried and FTX

[Free]

Republicans have been trying to rip Dems for taking SB-F's money. Well...

 

[detrius]

 

[Innula Zenovka]

 

[Free]

Someone is finally talking about the crimes.

FTX’s Collapse Was a Crime, Not an Accident

Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes.

www.coindesk.com

 

[Innula Zenovka]

Humble pie is a pie in the face for Bankman-Fried’s critics

The founder of the collapsed crypto exchange FTX has said he “got a little cocky” and had not spent “any time or effort” thinking about risk management at the bankrupt company, which owes $3.1 billion to its biggest creditors. Sam Bankman-Fried, 30, rejected comparisons to the convicted fraudster B

www.thetimes.co.uk

Evernote link

 

[Free]

You never ween yourself off of that sweet, sweet grift.

 

[Free]

About. Time.

FTX co-founder Sam Bankman-Fried arrested in the Bahamas

The former crypto billionaire’s media tour is over

www.theverge.com

 

[Innula Zenovka]

Adam Steinbaugh (@adamsteinbaugh@mastodon.social)

it is important to remember that SBF is considered innocent until he confidently declares he's guilty at his extradition hearing

mastodon.social

Mike Masnick ✅ (@mmasnick@mastodon.social)

Attached: 1 image The toughest thing about proving white collar crime, as I've learned from @Popehat is proving intent. I'd imagine that suspects having a groupchat called "Wirefraud" must make prosecutors positively *giddy*. (ht: @annmlipton@esq.social )...

mastodon.social

 

[Dakota Tebaldi]

About. Time.

FTX co-founder Sam Bankman-Fried arrested in the Bahamas

The former crypto billionaire’s media tour is over

www.theverge.com

You can say that again. Frick's sake.

 

[Free]

A nice breakdown of where the money went.

 

[CronoCloud Creeggan]

About. Time.

FTX co-founder Sam Bankman-Fried arrested in the Bahamas

The former crypto billionaire’s media tour is over

www.theverge.com

Y'all know what's coming.
Grumpy Cat says: "GOOD."

Good.

Click to Enlarge... write a comment or recaption!

www.quickmeme.com

 

[Innula Zenovka]

 

[Kamilah Hauptmann]

With names like Bankman-Fried frying “banks” I can’t help but be reminded of the living in a simulation idea.

 

[Free]

I want this photo blown up so I can poster it around my apartment.

 

[Free]

 

[Kamilah Hauptmann]

 

[Innula Zenovka]

Thread

 

[Free]

The Easiest Criminal Indictment Ever

The rapid arrest of Sam Bankman-Fried offers a small bit of hope that we’ve turned the page on an era of no accountability.

prospect.org

There were no financial statements at FTX; invoicing was done through QuickBooks and Slack messages, a shockingly crude process for a multibillion-dollar company. Executives had access to customer assets through special “back doors” and private keys, which they used to acquire funds and separately make hundreds of millions of dollars in real estate and other purchases. “Insiders,” per Ray’s testimony, were able to receive loans and payments of over $1 billion. In the hearing, Ray said that on one loan, Bankman-Fried signed as the issuer and the recipient. All of this is right out of what I imagine would be a Fisher-Price “My First Fraud” manual.

>> invoicing was done through QuickBooks and Slack messages

lol

 

[Kamilah Hauptmann]

Celebrities Frantically Deleted Their Tweets Shilling FTX Before Its Collapse

In the wake of the FTX crash, Tom Brady and others have deleted evidence of his partnership with the embattled cryptocurrency exchange.

futurism.com

 

[Free]

lol

Riot Games says Sam Bankman-Fried’s love of League of Legends hurts the brand

Riot claims FTX caused the company “reputational harm.”

www.theverge.com