And how the crash of FTX should serve as an "orange pill" personal responsibility moment.
The sequoia VC who staked her reputation on SBF and lost $200 million has not been fired, cuz diversity: https://yuribezmenov.substack.com/p/how-to-lose-214-million-in-one-year
Eventually, investigators will find the money laundering angle by Democrats and RINOs who gave money to Ukraine only to send it back as donations by Sam (and Caroline at Alameda) to those same Democrats and their cronies. Those politicians and groups who received donations need to reimburse the FTX account holders! Then all of the dirty politicians and Ukrainian counterparts go to jail. By the way, the WEF is trying to scrub and erase signs of their involvement!
It's pretty amazing watching all the 'smart' people fall for the same exact exchange scam as countless other 'crypto idiots' that the smart people laughed at for the last decade.
Not your keys, not your coins!
Oh, and he's STILL listed as a speaker at the $2,500/ticket DealBook Summit!
Well no, he will never be brought to justice, such as that concept is. As with The Plague, too many dirty and second- and third-party tainted hands.
What I'd expect to happen, given the ground-laying regarding the drug-fueled happy house environment, is a "mental health crisis" [fill in any diagnosis you like] making him not only unfit to stand trial, but an unreliable witness precluded from testifying in any associate's trial, and leading to him being committed to a psychiatric facility, and then his parents securing permission for him to be treated in a private rehabilitative facility, from thence he somehow manages to end up in [fill in favorite unextraditable location].
I must be sure to take my vitamins and keep fit. Too many tales whose conclusions I want to be alive to see.
Mr. Schachtel, not to create a rabbit trail but 25 years ago, I left the sports memorabilia business when tangible products began to be mixed/mingled with the fantasy sports business. The current FTX/Bitcoin products seem to me to be another opportunity to capitalize on intangible products subject to all sorts of artificial manipulation and chicanery. I'm sure you can use your imagination and knowledge of human nature to come up with how adding the burgeoning sports betting industry to come up with ideas how things could go awry...Without very strict regulations, people are gonna be human...
It is exquisite schadenfreude when one percenters turn on Their own kind. :)
Love the call for owning your crypto! Your keys, your wallet, your money. Otherwise you do run the risk of the liquidity of the exchange failing. Just as a side note I'd like to mention that even with your own wallet you can still be subject to bank runs and liquidity issues. Case in point would be the LUNA/UST crash. Just be careful with your money and always make sure there is liquidity for your position.
On the another note, I think SBF committed the largest fraud on his customers since Madoff. The amount of fraud is too large to protect him. People will come with their pitchforks for him. He will be lucky to escape with anything less than what Madoff got.
How can humans be so fickle and gullible?
I HEREBY Formally REJECT the Bali G20 HUMAN 'Cattle tagging' mandate! I also reject the WEF & all persons remotely associated with the pathetic schoolboy's club!
Licencing POISONS called 'VACCINES' justifies enormous profits from a deadly 'medicine' that's made by Pharmacists with NO MORALS and NO 'LIABILITY!" It also teases us into thinking we're lucky to be offered such wonderful cures (that are no more than DEPOPULATION). Absolute nonsense!
Mick from Hooe (UK) Unjabbed because I joined the dots!
'Bankman-Fried has also networked himself in with the executive branch, having secured meetings with SEC Chair Gary Gensler....' and isn't infamous Peter Strzok's wife Melissa Hodgman connected to the SEC as well? Acting Director of the Division of Enforcement - https://www.sec.gov/news/press-release/2021-15
I guess it depends on how you define justice. He will be spending the rest of his life looking back over his shoulder whenever he goes out. Some of the shady type who have been stiffed will not likely believe him when he claims he has turned over all his known funds.
The question is not whether SBF will get away with it, but that the whitewash will cover for all the Deep State and Democrat Party types he was working with. And now that Maxine Waters is "chairing" the investigation?! Remember, the tentacles of the Beast are very long and very strong.
Mention of the balance sheet of this mob, is surely a little premature.
Until the forensic people (Kroll ,??) get involved, I cannot believe anything coming out of this will be reliable, which will definitely take a while, as it did with Enron, as I remember the extensive lengthy time that took when our people dealt with that mess and this is far more complex.
Will be interesting, for sure, with an expected muzzling of information if the major political bunch are involved, as it has been suggested, again without any independent scrutiny and factual reporting.
The Enron saga can be seen below....
"When properly self-custodied through the use of a “cold storage” mechanism, bitcoin thrives as an easily accessible, but non-confiscatable asset"management..."
What? The government confiscates bitcoin all the time.
"one and the same"
Nothing new here, typical jewish behavior and he might just get away with it...
Walk into the Capitol building and rot in jail. Steal billions for the Democrats and get away with it scot free.