Bankman-Fried’s Assets Plummet From $16 Billion to Zero in Days

[Theoak*]

Think she was the bukkakee.

[Flexacon]

Both his parents are compliance lawyers. He built a back door in the software that's been there from day 1 of FTX to get around FTX compliance software.

The nerd girls father was the SEC chairman Gary Gensler's boss at MIT. She gives out bribes like Halloween candy. Gensler was coordinating with Bankman-Fried to allow FTX  to gain a “regulatory monopoly” in the space.

These kids are psychopaths.

[Theoak*]

Both his parents are compliance lawyers. He built a back door in the software that's been there from day 1 of FTX to get around FTX compliance software.

The nerd girls father was the SEC chairman Gary Gensler's boss at MIT. She gives out bribes like Halloween candy. Gensler was coordinating with Bankman-Fried to allow FTX  to gain a “regulatory monopoly” in the space.

These kids are psychopaths.

It goes further than that,  apparently  all the way to being connected to the WEF. They are exactly that, kids. My guess is they had handlers in the shadows. Depends how far down the conspiracy  theorist hole you want to go.

People calling  CZ a villain, I actually think he did the right thing even if he set crypto back a few more years.

[Dave D]

It goes further than that,  apparently  all the way to being connected to the WEF. They are exactly that, kids. My guess is they had handlers in the shadows. Depends how far down the conspiracy  theorist hole you want to go.

People calling  CZ a villain, I actually think he did the right thing even if he set crypto back a few more years.

Is 30 still a kid?

[Flexacon]

It goes further than that,  apparently  all the way to being connected to the WEF. They are exactly that, kids. My guess is they had handlers in the shadows. Depends how far down the conspiracy  theorist hole you want to go.

People calling  CZ a villain, I actually think he did the right thing even if he set crypto back a few more years.

I've heard about Mossad involvement too

Is 30 still a kid?

The project/fraud started 5 years ago, so mid 20s. Some of them are younger than 30, so early 20s start.

They are all gifted Mathematician types who worked a couple of years at trading firms then moved to this. They lived and worked together isolated in a luxury compound. Think MattC type personalities with very limited real life experience. Kids is very appropriate.

[LurkerNoMore]

Anyone else losing 16 Billion would have killed themselves by now.

[Dave D]

I've heard about Mossad involvement too

The project/fraud started 5 years ago, so mid 20s. Some of them are younger than 30, so early 20s start.

They are all gifted Mathematician types who worked a couple of years at trading firms then moved to this. They lived and worked together isolated in a luxury compound. Think MattC type personalities with very limited real life experience. Kids is very appropriate.

So they’re innocent in this mess or people who bought into the hype are fools for trusting kids?

[Flexacon]

So they’re innocent in this mess or people who bought into the hype are fools for trusting kids?

They aren't innocent, but it's seems very unlikely that they had the network and skills to commit a fraud of this nature and on this scale. They are all awkward as fuck. As mentioned there were probably handlers involved.

If the fraud was to continue and with the things they had planned, it's very possible it could have brought down the entire global economy. That's the kinda level of fraud we're talking about.

Most people who got caught in the fraud and lost everything are unfortunately "fools". You don't need to keep crypto on a exchange, you don't need to keep everything in one exchange. It was people being lazy and complacent. If you had a $1,000,000 in cash at the bank and the banks are only insured for 250k if they go bankrupt, you'd split the 1mill across 4 banks rather than keep it in one kinda thing.

[Zillotch]

UKRAINE "MILITARY AID" FROM USA --- WAS INVESTED IN CRYPTO "FTX" BY UKRAINE!

https://halturnerradioshow.com/index.php/en/news-page/world/breaking-news-ukraine-military-aid-from-usa-was-invested-in-crypto-ftx-by-ukraine

'At this early hour, it __appears__ that tens-of-billions in American "Military Aid" to Ukraine, which was allegedly to be used to fight Russia, was cash that Ukraine DID NOT use to fight Russia, but instead invested into FTX!

Yes, you read that correctly: Instead of using US Military Aid to fight Russia, Ukraine "invested" part or all of it, into FTX, and right now, it looks like all the money is gone.

It __seems__ Ukraine was receiving money from the US, Ukraine sent it to FTX, and FTX sent it to Democrats, who originally voted to send it to Ukraine.  At this hour, it __appears__ to some observers, to be pure, criminal, money-laundering, and a criminal conspiracy to violate campaign finance laws.

It now seems to closely-watching observers that the kid (Bankman-Fried) burned his own company -- and his own ass -- just to make sure the Dems won the mid-term elections, and seems to have done it by pulling the rug out from all those that had funds there in FTX.

So the collapse of FTX is now linked not only to Ukraine, but also to US Democrat politicians who got money from Sam Bankman-Fried, to campaign for the just-ended elections!'

[myt1]

it was never real in the first place

I don't even know what the fuck FTX is/was?  Something to do with crypto which is another thing I never comprehended?  And most have said they don't get it either which is why it has not caught on.  People want hard cash they can put in their hands, not some digital currency no one gets.  We already have digital currency....debit and credit cards.  I don't understand even putting your cards or online banking apps on your phone.  You lose/misplace your phone and someone finds or steals is, and by the time you realize it you now no longer have your $1000 hi-tech phone, but you also don't have pictures, contacts, and then all your banking info, cards, and crypto is likely to have been stolen and/or used.

If I lose my wallet, I'm going to notice pretty quick.  I rarely carry cash, so no worries there.  I only carry credit cards....I've never even activated the debit cards I have, and they are in a drawer safely at home even though they can't be used.  All I have to do is call my card companies, and tell them to turn them all off as I lost my wallet or it was stolen.  Request new cards from them, AAA, my health and car insurance, and go spend $20 for a new driver's license.  Since they are credit, not debit cards, I'm not responsible for any fraud, and just do chargebacks on any transactions I didn't personally make.

I used to work in the payment industry, but it was before you could store your card on your phone and just pay using it via NFC.  I wonder, if chargebacks made on your phone are harder to dispute?

What I really never got, and saw as a stupid scam that would fail is the whole NFT thing.  A customized digital pic can sell for $1000's?   "oh yay!  I got a one of a kind digital pic of Tom Brady playing.  This will be worth millions someday"  "Oh shit, I just found an almost identical pic of Tom in action, and downloaded it for free on google "

I want to go back to like 2004-2008 b4 FB, Insta, Twitter, and all social started.....you know when people actually hung out and talked, and would never say half the shit online to your face.  No millionaire influencers whose only talent is manipulating people to buy shit, and your pics were really what you looked like.....not all filtered out.  Those were good times.  I miss that

[Lartinos]

The Democrats would never do a thing like that.

They care about important issues like trans rights and women being allowed to terminate pregnancies.

And boosters they care about those because they can’t sleep at night knowing your fat fucking pie hole won’t get stuffed and then you won’t be able to defecate where you desire to.

Democrat leaders are brilliant and you need to obey them, but the true geniuses are the Democrat followers.

These people are sharp as a tack! I swear you can’t get anything by these people.

My dream is to one day approach their level of discernibility.

https://twitter.com/cryptotea_/status/1591277985390526467?s=46&t=ND6pSov8Wr9tgDJDOOH1Iw

[Mayday]

Flex has good points.

Sam is more or less the fall guy. It’s no different to usual business. I told the global CEO where I work if you want me to do something you need to instruct me, none of this read between the lines shit.  I’m not that dumb lol. And then again he isn’t that dumb either when I said I can fuck around with end of year numbers and he basically had fingers in his ears lalalalalalala.

A LOT of stuff is ‘if you catch my drift’ type of communication so you can blame the fall guy. Sam would have had the doors opened to the playground and once inside he did whatever he wanted because he figured that’s what was wanted. Now it’s blown up they won’t catch anyone else involved as it’ll be ‘I never instructed nor new of what was going on’ type of answers.

It’s a fine line but as someone who does actually play with shit, my opinion is if Sam arranged it after the playground was opened then blame lies with him. Nobody forces you do it, that decision is up to you and you can walk away at anytime.

[Dave D]

They aren't innocent, but it's seems very unlikely that they had the network and skills to commit a fraud of this nature and on this scale. They are all awkward as fuck. As mentioned there were probably handlers involved.

If the fraud was to continue and with the things they had planned, it's very possible it could have brought down the entire global economy. That's the kinda level of fraud we're talking about.

Most people who got caught in the fraud and lost everything are unfortunately "fools". You don't need to keep crypto on a exchange, you don't need to keep everything in one exchange. It was people being lazy and complacent. If you had a $1,000,000 in cash at the bank and the banks are only insured for 250k if they go bankrupt, you'd split the 1mill across 4 banks rather than keep it in one kinda thing.

Thanks for clarifying this bro.

It’s interesting  that with their parents being so well connected, they would let their children get this deep into such a scheme.

[obsidian]

It goes further than that,  apparently  all the way to being connected to the WEF. They are exactly that, kids. My guess is they had handlers in the shadows. Depends how far down the conspiracy  theorist hole you want to go.

People calling  CZ a villain, I actually think he did the right thing even if he set crypto back a few more years.

Yes I agree. SBF was possibly a puppet of the Deep State and his task was to discredit and destroy crypto. SBF could never explain where all his initial funds came from. Who financed him? They have this joke of a picture of his FTX Co-Founder. This whole thing stinks and reinforces my belief that with Jews you lose.

https://www.sequoiacap.com/founder/gary-wang/

[obsidian]

https://decrypt.co/114266/elon-musk-sam-bankman-fried-set-off-my-bs-detector-when-he-approached-about-twitter-investment

[illuminati]

Can some one Translate This Alien Gibberish Language into English
I can't Understand a Word of it.

Is The world about to End ??

[joswift]

Can some one Translate This Alien Gibberish Language into English
I can't Understand a Word of it.

Is The world about to End ??

No, someone just deleted some numbers from a computer screen

[illuminati]

No, someone just deleted some numbers from a computer screen

Ahh - Shock Horror - And many Folk Want Digital Money.

Fuck That Nonsense.... Wake up Sheep Like

[BBSSchlemiel]

Damn! Why do nearly all of those who cause enormous financial misery look similar?

[Al Doggity]

No, someone just deleted some numbers from a computer screen

How do you think "real" money works?

Ahh - Shock Horror - And many Folk Want Digital Money.

Fuck That Nonsense.... Wake up Sheep Like

Yeah- stick to "real" money. There have never been any fraud, manipulation or destabilizing events associated with fiat currency. 

[illuminati]

How do you think "real" money works?

Yeah- stick to "real" money. There have never been any fraud, manipulation or destabilizing events associated with fiat currency. 

Oh yes there has been many - Gold / Silver / Property Far safer bets - Though not untouchable.

Money before Fiat System was also a safer bet.

You wish to have no physical currency & just electronic digits only , Good For You.

[Al Doggity]

Oh yes there has been many - Gold / Silver / Property Far safer bets - Though not untouchable.

Money before Fiat System was also a safer bet.

You wish to have no physical currency & just electronic digits only , Good For You.

I said nothing about what I wish. My point was that it's foolish and myopic to think the issues with FTX/ Alameda come down to (or even have anything to do with) the fact that digital currency was involved. There are gold and silver scams, the 2008 crisis was initiated by real estate investments. Wherever there is money to be had, someone will figure out a scam to get a piece of the pie. Sticking to things you can hide in your shoebox won't necessarily protect you.

[illuminati]

I said nothing about what I wish. My point was that it's foolish and myopic to think the issues with FTX/ Alameda come down to (or even have anything to do with) the fact that digital currency was involved. There are gold and silver scams, the 2008 crisis was initiated by real estate investments. Wherever there is money to be had, someone will figure out a scam to get a piece of the pie. Sticking to things you can hide in your shoebox won't necessarily protect you.

As I stated previously I have zero idea what the hell FTX/ Alameda is & Really have no interest at this time.

Agreed where there is money & large amounts there's always somebody looking for the Scam.
🤔 Hmmmmm....... I quite like my Shoe Box.  🤣😆🤣

[Mayday]

Oh yes there has been many - Gold / Silver / Property Far safer bets - Though not untouchable.

Money before Fiat System was also a safer bet.

You wish to have no physical currency & just electronic digits only , Good For You.

Sheep/goats were good as money until they got stolen or died.

Grain was good as money until it went mouldy.

Gold/silver was good as money until it got watered down and then came counterfeit.

Gold backed fiat was good until you didn’t own enough gold to back it.

Fiat was good until….. well it’s still good….. it monetises debt. I don’t think the goat system you could monetise debt