FTX/Sam Bankman-Fried megathread

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That New York Times event...
One more for archival purposes. This happened after FTX publicly collapsed.

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Don't you think that this tweet is some sort of prophecy that these people will fall from grace?

First it's Sam Bankman-Fried (FTX) that fell first (regressionto the heeb, they say), then I heard a rumor around that Ukraine will fall this summer or next year and Volodymyr Zelenskyy would lose everything, and I heard that the banking sector is going to be bankrupt soon so Larry Fink (Blackrock) and other financial businesses will fall then after the economic crisis will create political tensions that the government will fall therfore Janet Yellen will lose her seat.

It's just a imaginary thought.
 
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SBF still has about 7 fraud and conspiracy charges against him, this campaign finance stuff was just the usual antics of the system protecting itself. They absolutely do not want investigators "following the money" into the political sphere, especially considering that it leads directly to Biden and top democrat members in Congress. Congress learned the danger of an independent investigation back with Ken Starr over Whitewater in the 1990s, this kind of blank check investigation stuff is only reserved for isolated political enemies like Trump with the Russiagate bullshit.
 
Talks Of A Reboot
In the aftermath of Bankman-Fried's arrest, attorney John Jay Ray III, who specializes in restructuring insolvent companies, took over FTX last November. Ray stated that "[FTX] has begun the process of soliciting interested parties to the reboot of the FTX.com exchange," despite significant hurdles arising from stricter regulatory oversight and the ongoing bankruptcy proceedings. A revival of FTX is being discussed with potential investors.


The discussions include joint-venture arrangements and the possibility of compensating specific existing customers with a stake in the reorganized entity. People familiar with the matter said that Figure Technologies, a blockchain technology company, has expressed interest in supporting the revival of FTX.

Despite the regulatory challenges and criminal fraud allegations against FTX, Ray stated in January that customers and stakeholders believed in the fundamental viability of FTX's business model, prompting the establishment of a task force to explore the revival of the exchange.
Pretty much the ride never ends
 
FTX lobbyist tried to buy Pacific island of Nauru to create a new superspecies, lawsuit says (Archive)
  • Gabe Bankman-Fried, the younger brother of FTX's founder, tried to buy the island nation of Nauru, a Delaware lawsuit alleges.
  • The allegation was in a suit filed by attorneys from Sullivan & Cromwell, which is seeking to recover billions of dollars from Sam Bankman-Fried after the collapse of FTX.
  • Nauru, with a population of about 12,000, is a little over 2,100 miles away from Brisbane, Australia.
Sam Bankman-Fried's younger brother, who was a top lobbyist for failed crypto exchange FTX, considered purchasing the island nation of Nauru in the Pacific to create a fortified apocalypse bunker state, a lawsuit filed in Delaware bankruptcy court shows.

Gabe Bankman-Fried was looking at buying Nauru in the "event where 50%-99.99% of people die" to protect his philanthropic allies and create a genetically enhanced human species, according to the suit filed Thursday by attorneys from Sullivan & Cromwell, which is seeking to recover billions of dollars following the collapse of FTX.

Bunker life is a well-documented fixation among tech billionaires, particularly those who identify as doomsday preppers. There's also a fascination with buying large estates in the Pacific and even owning small islands there.

In his years running FTX, the elder Bankman-Fried brother touted a philanthropic lifestyle called effective altruism and established the philanthropic arm with that in mind. Devotees of effective altruism work to maximize their income so they can give away their money in a fashion they see as most beneficial to humankind.

Gabe Bankman-Fried was FTX's most visible presence in Washington, D.C., and was connected to bipartisan charitable donations that ran into the hundreds of millions. Along with an unnamed philanthropic officer of FTX, he considered buying Nauru, in part to foster "sensible regulation around human genetic enhancement, and build a lab there."

A representative for Nauru confirmed the island nation was not and has never been for sale.

Nauru, with a population of about 12,000, is a little over 2,100 miles away from Brisbane, Australia. It was there that FTX lawyers allege the Bankman-Fried team sought to establish an emergency base for itself and a select group of "EAs," or effective altruists.

In addition to serving as a haven in case of apocalypse, "probably there are other things it's useful to do with a sovereign country, too," according to a memo between the younger Bankman-Fried and the philanthropic advisor, which was noted in the suit.
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SBF still has about 7 fraud and conspiracy charges against him, this campaign finance stuff was just the usual antics of the system protecting itself. They absolutely do not want investigators "following the money" into the political sphere, especially considering that it leads directly to Biden and top democrat members in Congress. Congress learned the danger of an independent investigation back with Ken Starr over Whitewater in the 1990s, this kind of blank check investigation stuff is only reserved for isolated political enemies like Trump with the Russiagate bullshit.
Yeah SBF is getting SOME prison time. If the wannabe female Steve Jobs couldn't escape prison after having a child, SBF is FUCKED.

LPT, don't steal (a large amount) from rich people, they take that shit personally and have enough cash left over to be vindictive with the legal system.

Also, SBF is a sloppy looking fat ass, along with his brother.

Who the fuck thought he was intelligent as he wasn't smart enough to be in decent shape and to look like he took a shower more than once a week.
 
Yeah SBF is getting SOME prison time. If the wannabe female Steve Jobs couldn't escape prison after having a child, SBF is FUCKED.

LPT, don't steal (a large amount) from rich people, they take that shit personally and have enough cash left over to be vindictive with the legal system.

Also, SBF is a sloppy looking fat ass, along with his brother.

Who the fuck thought he was intelligent as he wasn't smart enough to be in decent shape and to look like he took a shower more than once a week.
SBF literally looks like the stereotype of a beady eyed, dishonest jew from a propaganda poster.
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SBF is back in jail after his bail was revoked for witness tampering. (archive)

Caroline Ellison the polycule Wood Nymph immediately threw SBF under the bus when FTX went bust.

Give it time. They will probably suicide him. The FTX case is getting hot and large, international names are getting attention. The attention is unwanted, especially for Temasek, which is "a Singapore state-backed investment firm, also puts the Singaporean government in the hot seat over its failure of oversight."

More specifically, Temasek is the investment arm of the Singaporean government. Singapore became the only country and non-American entity on BlackRock's list of top 10 shareholders after Temasek added a $3.5b (3.9%) stake in BlackRock to become BlackRock's 5th largest shareholder in Aug 2020.

From the article "Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud" Aug 09, 2023:

"Temasek was one of the early investors in FTX with a $275 million investment. However, after the collapse of the crypto exchange in November 2022, the investment firm wrote off its entire investment and even slashed compensation for the executives responsible for the FTX investment."

Temasek pumped money into FTX across two funding rounds from October 2021 to January 2022.

SBF's network likely has a significant overlap with Epstein's customers who are political figures and from the financial industry. The FTX case runs a high risk of both bringing too much scrutiny to the people who don't appreciate being scrutinised and bringing the international arm of the deep state into the light.

They will want to end this by cutting loose ties and sweeping it all under the rug as soon as possible before that happens.
 
Jury has been selected and the trial is soon to begin.
 
Is this going to be the thread for trial watching or is there another I’m not aware of?

I really wondered if his defense might go with some honesty and admit Sam was an addict - aderall/ speed and gambling basically drove the FTX bus.

Everyone liked to pretend that SBF playing video games while pitching a hedge fund board, or giving a talk to VIPs, was just the mark of a quirky millennial genius, but to me it was just obvious he was strung out on speed. Speed and gambling are a bad combination, even if you are really good at math.

He brought in a psychiatrist to ensure he could claim it was doctors orders he eat 10 mg of adderall every 4 hours. I wonder what dosage he’s on in jail?

When Alemeda ran out of money, he did what any gambling addict does when they run out of money to keep gambling - he stole. Just like every degenerate gambler he believed he would win it all back and all would be right with the world. This what his actions in “good faith” amounted too.

The only reason he was able to rise to the level he did is because his MIT degree, Stanford parents, and greed made it easy for the establishment and hedge fund guys to ignore his enormous red flags. He was the respectable, pedigreed new Zuck that would boldly lead them into the shady af crypto casino to get hilariously rich.
 
Apparently SBF’s mom didn’t show up to court yesterday. It was the first day she missed and I think she couldn’t bare watching him get skewered on the stand for a full day of cross. Barbara Fried is a professor of legal ethics and, no shit, she has stated SBF is physically incapable of lying. I think she really believed that too. The cognitive dissonance of his testimony on the stand must have been too much for her to bear.

It really sucks we can’t watch testimony in the courtroom and have to rely on hucksters/ journalists for descriptions. It’s sad how bad at note taking the modern journalists are. They complain SBF talks too fast, but they are just inept. It used to be a requirement for reporters to be skilled at shorthand note taking. Maybe the NYT and WSJ should have pulled a 80 year old reporter out of retirement to handle the job, then at least one outlet could offer accurate transcripts and direct quotes everyday. I can’t believe there are no reporters on the court beat left in NYC who aren’t skilled at shorthand. The recording ban has always been a thing in many court proceedings, so having no one with that skill set is crazy.
 
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