Nobody Cares about Sam Bankman-Fried and FTX

[Innula Zenovka]

Crypto exchange FTX expects to have more than 1m creditors

Bankruptcy filing says ‘questions arose’ about founder Sam Bankman-Fried’s leadership

www.theguardian.com

Thread

 

[Bartholomew Gallacher]

Well at least someone is having tons of fun:

 

[Veritable Quandry]

Larry David sued for crypto ad in which he talked crap about crypto, which feels about right

Natural entertainment partners Larry David, Tom Brady, and Shaq are collaborating at last—in a lawsuit, as Variety reports that all three famous guys, plus a number of other big-name folks, are being sued as part of a class-action suit against collapsing cryptocurrency exchange FTX. Specifically, they’ve been named as “brand ambassadors” in a suit from an Oklahoma man accusing the crypto exchange of employing celebrities to target “unsophisticated investors” in a “Ponzi scheme” in an effort to keep the exchange alive.

TikTok - Make Your Day

 

[Innula Zenovka]

 

[detrius]

Well at least someone is having tons of fun:

He's just glad because he's not the only idiot con man who lost billions of dollars.

 

[Free]

Well at least someone is having tons of fun:

You just had to turn another thread into another Elon Musk thread, didn't you.

 

[Kamilah Hauptmann]

Meet the new Trump, same as the old Trump.

 

[Free]

FTX lacked “accurate list” of bank accounts, failed at basic bookkeeping

Employee expenses were approved by posting emoji in Slack channels, DMs.

arstechnica.com

(Months back)
Samuel Bankman-Fried: Hi, I'm the CEO of FTX.

Gary Wang: And I'm its CTO.

Person: And who is your CFO?

Sam & Gary: Our what?

 

[Innula Zenovka]

 

[Innula Zenovka]

Polyamory, penthouses and plenty of loans: inside the crazy world of FTX

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in – and said he’d never seen anything like it

www.theguardian.com

‘The money is gone’: people who lost out in FTX’s collapse

Smaller investors tell how they found themselves unable to withdraw money as rumours of the exchange’s troubles spread

www.theguardian.com

 

[Innula Zenovka]

Oh dear

 

[Veritable Quandry]

Didn't need accountants. Don't need lawyers. This will not end well.

Firms that take this kind of case often include PR as part of their strategy, and they know what they are doing. Which is why Trump has a difficult time getting representation.

 

[Innula Zenovka]

Didn't need accountants. Don't need lawyers. This will not end well.

Firms that take this kind of case often include PR as part of their strategy, and they know what they are doing. Which is why Trump has a difficult time getting representation.

I don't know anything about US rules of criminal or civil procedure, but I can't imagine US lawyers being pleased about their clients making any sort of public statements that could be construed as admitting any sort of guilt or liability.

 

[Katheryne Helendale]

Which is why Trump has a difficult time getting representation.

Well, that, and Trump's reputation for not paying people for their services.

 

[Kamilah Hauptmann]

Well, that, and Trump's reputation for not paying people for their services.

I've witnessed some pretty delusional levels of greed over the last year, and when the promise of money's on the table brains have a tendency to fall out of the ear.

 

[Innula Zenovka]

Will SBF Soon Be Wearing an Orange Jumpsuit?

The over-under on SBF’s criminal risk.

nymag.com

 

[Innula Zenovka]

 

[Free]

And? This is just more proof the man cannot and should not have been handling anything finance related Considering all the money he was funneling to himself, he should at least still be a multi-millionaire.

 

[Kamilah Hauptmann]

the panama account didnt get mentioned

 

[Free]

the panama account didnt get mentioned

Nobody ever mentions that.