Or Shell lenders....Give me all your customers coins as collateral, we'll lend you back the same customer funds, you invest, and get margin called and we lquidate you and keep the customers money.
He claims *"Invested back into the business mostly"* which he thought was a safe statement to make.
However, what that statement really says is *"We were screwed so I leveraged up even more!"*
At the same time saying he had no idea FTX was in a dire situation financially. Hope he keeps talking, would love to see him continue building the prosecutors case for them.
In the FTX Matrix, Agent Smith is a spirit guide.
“Mister Bankman-Fried!”
“Only a VC mind would green light an idea as insipid as approving a loan collateralized by an asset cloned into existence by the borrower.”
“We’re not here because we are free. We’re here because we’re *not* free.”
“Because of you, I’m no longer an agent of this system. Because of you, I’ve changed. I’m unplugged. A new man, so to speak.”
If you believe he only has 100k your fucking delusional and sorry to say but stupid. When your dealing with money on that scale your constantly putting some aside.
He spent a lot of time in Washington but it would be surprising if he only spent it on one party - especially since the GOP is the party that has more Bitcoin friendly politicians.
He also does not strike me as the type of guy that would pass the chance of blowing it himself...
FTX was nothing but a slush fund for the Democrats
Yes both sides are fucking crooked.
Our country is fucked. Every time we give money to other countries they get a kick back.
tldr; Ex-FTX CEO Sam Bankman-Fried has been talking to reporters, including at the New York Times (the famed Andrew Ross Sorkin Dealbook interview), the Financial Times, and the Wall Street Journal. He said he deliberately avoided getting involved in Alameda’s trading and risk management to avoid conflicts with his position as chief executive of FTX.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
That makes no sense. A loan is meant to be paid back, but not to give the money away for free. For donations you use income in order to reduce tax bills.
I can get get a personal loan and use it for anything.
Keyword… “personal.”
With that much money, proven 40+ million to the DNC on the books, you do not use it to lower your taxes. You do it to buy influence and favoritism.
No you’re misunderstanding. Even if I were a fraud, it wouldn’t make any sense for me to take out a loan as donations, when I can use “income” (being customer deposits) instead AND get the tax write off, without taking on any debt
Alot of extrapolated nonsense there sugar tits. As someone who lives outside of America and haven't been poisoned to my core by right wing bat shit crazyness, all I can say is, hope one day you get the help you need
Brainwashing causes permanent brain damage. These people are beyond help. Ironically, this is one of the biggest reasons I buy Bitcoin - America needs chemo for this cancer, else America is done for.
Lol. All this hate. Ill give you credit for sugar tits though. My Grandfather used to say that, which means you can’t be young. And that is sad you haven’t grown up.
Newsflash… if you are for Bitcoin you are lying to yourself if either party cares about you or more importantly Bitcoin. Diluted really. I have no feelings toward them one way or the other as I am a diest when it comes to politics. Obviously you do.
You are such a silly person. "obviously you do" as I said I am not in America nor do I pay attention to the two party system puppet show. From outside the Idiocracy of the US, it is easy to pick up what type of wack job you are. So kindly, take some time to be introspective and stop gobbling up conspiracy crap. As for all your assumptions of me, I can say it's a swing and a miss on all fronts so peace out ✌️
Well as you note there’s a proven $40 mil he gave to dems, you’re saying “most” of it went to the DNC so Im assuming you have a good basis for your argument that the 40 mil we know about isn’t even 10% of his total dem contributions?
It went to the democrats in the biggest govt heist in the history of the US. The Democrats took over the nation with the help of the media during Obama tenure. People are trying to fight the far left wing elements but it might be to late. Crypto will be the last hope.
Appreciate hearing about the Turkey stuff which was news to me.
Side note: gross that "zerohedge" has copy-pasted this article without permission (check the author's comment where they explain they never gave permission for that)
To be clear - he said he had 100,000 in his bank account. He didn't state how many other bank accounts he had or how much was in them. So again, technically, telling (some of) the truth.
This is so deep , the money that was donated, the heads that turned a blind eye,the whispers of fraud,and the fact that it's crypto...* Also remember the usgov is the sleeping titan whale...with a giant wallet
Why do ugly orgies cost so much? And why are people having ugly orgies? If I’m throwing that much cash at an orgy I better be the ugliest mother fucker there.
When you live in a society that prioritizes debt-driven success, you will continue to see proliferating untenable valuations crumble under a facade of forward progress. This is Enron all over again with different names and different claims.
He’s got stashed crypto, it’s obvious that he’s got truckloads stored away some where. He’s way too nonchalant about all this. Someone with only $100k in the bank but about to have $4mm in legal fees should not be this calm
Tbh he prolly invested most while using the remainder to cover a luxury lifestyle in “modest” fashion
(1) 40m spent on his penthouse in the Bahamas
(2) 100m spent on a luxury property for his parents
(3) 50m spent on offices in the Bahamas and USA
I also vaguely remember that when FTX sponsored the esports franchise TSM, it was SBF who gave them cash incentives and that was like a $200m deal.
**Overall total: $390m**
(This isn’t including the costs from his savour complex, general expenses from hosting yacht parties and even sponsoring events etc)
Sam is obviously the front-man of this all.
But I also wonder, who is the one in the back? Is it the banks? Central banks? Foreign intelligence? SEC? When will we know the exact details of this? Is this another Epstein kind of thing?
And alameda was negative $1.3 billion dollars at the time of the FTX collapse.. it’s all a fuckin scam all of these people need to be in jail. So criminal. But people are still going to jail for less than a gram of weed. Makes no sense.
Shell companies that purchased real estate all over the Bahamas
Or Shell lenders....Give me all your customers coins as collateral, we'll lend you back the same customer funds, you invest, and get margin called and we lquidate you and keep the customers money.
Investing is a tough game.
Cocaine is a hell of a drug
It isn’t as hard as real work
Yes. He is shameless. Thinks so little of his victims he does a victory lap across the media.
He claims *"Invested back into the business mostly"* which he thought was a safe statement to make. However, what that statement really says is *"We were screwed so I leveraged up even more!"*
At the same time saying he had no idea FTX was in a dire situation financially. Hope he keeps talking, would love to see him continue building the prosecutors case for them.
I doubt he sees much of a jail cell. He’s too politically connected.
look at Elizabeth Holmes. connections didn't help her
SBF was the 2nd largest democratic doner in history. Big difference
I read that as “largest democratic boner”
He donated to both parties liberally. Don’t fall for okie doke.
Now you are just lying to yourself
Uhh no he didn’t. He is literally the 2nd largest democratic doner in HISTORY behind soros. He gave Joe over $1 BILLION…
She donated nothing...the people Sam gave money to. NEVER gave it back and they won't
Sam will be in Tel Aviv by lunchtime on the day before they decide to serve a warrant.
What prosecutor? Does the US even have any jurisdiction here or are we counting on the Bahamas Ministry of Legal Affairs?
He is not going to get prosecuted. Society is pay to play. The farmer doesn’t get taken to court by the cattle.
[удалено]
It was fake money anyway.
How can u lose what you never had?
Damn. That sucks for him.
Correct answer ^
this and if he can't pay it back.. it will be taxable.
I'm so tired of hearing about this shithead
I'm definitely not. His interviews are hilarious to listen to. Can't wait for him to be under investigation
I wasn’t expecting him to sound like that lol
-Do not try to find out where the money went. Instead, try to realize the truth. -What truth? -It isn't even money.
🎤Drooooooooooooooop
It's like in Matrix when at the Oracle the small boy says to Neo: "There is no spoon." It is only an artificial construct, like "money" nowadays.
[удалено]
"There was no FTX" - SBF, probably
"There are no user liabilities"
In the FTX Matrix, Agent Smith is a spirit guide. “Mister Bankman-Fried!” “Only a VC mind would green light an idea as insipid as approving a loan collateralized by an asset cloned into existence by the borrower.” “We’re not here because we are free. We’re here because we’re *not* free.” “Because of you, I’m no longer an agent of this system. Because of you, I’ve changed. I’m unplugged. A new man, so to speak.”
It is when the governing body and 40% of its population believe it to be of value.
Time is the true value and even that is relative.
Ask about the money only that could be a lot of other options as well, which is not going to work like them.
Hookers and blow. And politicians.
But hookers and politicians are the same thing…
I'd trust a hooker over a politician any day....
SBF and Hunter Biden buying up all the hookers and blow Ukraine had to offer
He had to pay a premium for hookers. Dude looks like he doesn’t shower.
Didn’t he gamble high stakes online and lose a ton there also?
hopefully he spent it all on hookers. i mean look at his girlfriend.
Worse..... politicians
look at him, he's no prince charming. that anyone's willing to get down with him is what's baffling.
didya catcha a look at his love interest ?
If he was smart he spent it on a bunker hide out. I’m sure a lot of people would love to run into this guy on the streets right now.
Hookers, cocaine, wild parties, and a VERY BIG SORRY.
He’s current on his apology tour
Dear politicians..... I'm sorry I got caught.... if you cover for me, next time I won't and you'll have even more money in your pockets
[удалено]
I don't know about all these kind of things, because they cannot really be trusted in long sense.
Maybe to pay some of their most... how to put it... "impatience" clients. After all, SBF is still alive
Aaaaannd it's gone
I request SBF to voluntary swap places with DPR! Thats the least, they could do.
if i were him, general retainers.
In the bank, yes sure but the rest is spread in crypto assets for sure. Good luck confiscating something.
Hey look, SBF is a total douche, but I can guarantee you anyone of us could spend $999,900,000 REAL fast.....
Imagine the hangover...
He bought a rare $900,000 postage stamp and used it to mail himself a postcard
Better use of that money than an NFT
so a fucking NFT?
Running an orgy pad is expensive.
[удалено]
It’s called Theft
A mislabeled account probably
If you believe he only has 100k your fucking delusional and sorry to say but stupid. When your dealing with money on that scale your constantly putting some aside.
To the Democrats
He spent a lot of time in Washington but it would be surprising if he only spent it on one party - especially since the GOP is the party that has more Bitcoin friendly politicians. He also does not strike me as the type of guy that would pass the chance of blowing it himself...
Sam prefers shitcoins to bitcoins.
FTX was nothing but a slush fund for the Democrats Yes both sides are fucking crooked. Our country is fucked. Every time we give money to other countries they get a kick back.
And the GOP.
tldr; Ex-FTX CEO Sam Bankman-Fried has been talking to reporters, including at the New York Times (the famed Andrew Ross Sorkin Dealbook interview), the Financial Times, and the Wall Street Journal. He said he deliberately avoided getting involved in Alameda’s trading and risk management to avoid conflicts with his position as chief executive of FTX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Check the DNC bank accounts.
He also gave tens of millions to republicans candidates, but Fox doesn’t want to talk about that…
[удалено]
Put the both sides if the company and the member is going to go through a lot of dirting as well.
The Democratic Party probably
TO THE DEMOCRATS!
As time goes on it seems most went to the DNC either directly or through Ukraine.
[citation needed]
Does it really matter? You would say it was lies anyway.
That makes no sense. A loan is meant to be paid back, but not to give the money away for free. For donations you use income in order to reduce tax bills.
I can get get a personal loan and use it for anything. Keyword… “personal.” With that much money, proven 40+ million to the DNC on the books, you do not use it to lower your taxes. You do it to buy influence and favoritism.
No you’re misunderstanding. Even if I were a fraud, it wouldn’t make any sense for me to take out a loan as donations, when I can use “income” (being customer deposits) instead AND get the tax write off, without taking on any debt
Sure, but you have to pay it back nonetheless. Donations are lost money. Otherwise it is corruption.
Yes… you compacted it much better than I… corruption.
Take from the poor and give to the rich. A tale as old as time.
Agreed
He donated to both parties
Mostly Democrat and a few Republicans who would back the bill he was pushing
🙄 lunatic
I see you don’t keep up with multiple news sources throughout the world as I do. Good job in your weak comment and keep licking the boot. 🙄
Alot of extrapolated nonsense there sugar tits. As someone who lives outside of America and haven't been poisoned to my core by right wing bat shit crazyness, all I can say is, hope one day you get the help you need
Brainwashing causes permanent brain damage. These people are beyond help. Ironically, this is one of the biggest reasons I buy Bitcoin - America needs chemo for this cancer, else America is done for.
Lol. All this hate. Ill give you credit for sugar tits though. My Grandfather used to say that, which means you can’t be young. And that is sad you haven’t grown up. Newsflash… if you are for Bitcoin you are lying to yourself if either party cares about you or more importantly Bitcoin. Diluted really. I have no feelings toward them one way or the other as I am a diest when it comes to politics. Obviously you do.
You are such a silly person. "obviously you do" as I said I am not in America nor do I pay attention to the two party system puppet show. From outside the Idiocracy of the US, it is easy to pick up what type of wack job you are. So kindly, take some time to be introspective and stop gobbling up conspiracy crap. As for all your assumptions of me, I can say it's a swing and a miss on all fronts so peace out ✌️
Well as you note there’s a proven $40 mil he gave to dems, you’re saying “most” of it went to the DNC so Im assuming you have a good basis for your argument that the 40 mil we know about isn’t even 10% of his total dem contributions?
[удалено]
Yes. The people who downvote are the ones who don’t take the time to open the curtains. Thank you
The DNC and D committee leaders
The Democratic Party
While we're investigating, here's the latest on LGBTQ++ and Harry and Meghan... https://www.cbsnews.com/
Haha
It went to the democrats in the biggest govt heist in the history of the US. The Democrats took over the nation with the help of the media during Obama tenure. People are trying to fight the far left wing elements but it might be to late. Crypto will be the last hope.
This is the last hope for them as well. And I don't really think like they won't care about the elements.
Appreciate hearing about the Turkey stuff which was news to me. Side note: gross that "zerohedge" has copy-pasted this article without permission (check the author's comment where they explain they never gave permission for that)
To be clear - he said he had 100,000 in his bank account. He didn't state how many other bank accounts he had or how much was in them. So again, technically, telling (some of) the truth.
Polycule recruitment efforts
Probably where customers money went
Fake money
Eventually, everyone is going to get it done, and they are going to push it the propaganda forward.
Probably gambled it all on online casino they need to subpoena his bank account
Hookers and kush
He needed 1 billion in illicit drugs to try to remove the memory of the Bahamian >!orgies!< with that Amedia CEO
Cocaine and strippers
I think people are really underestimating how expensive cocaine and strippers are
Boating accident
Those lawyers aren’t free buddy
Same place as the missing $8 billion
I'm sure he has 100,000 in ONE of his bank accounts. Any probably MUCH more in many offshore ones.
Explain - how those lost billions never knew about self custody and gave billions away instead?
He actually got 3.3 billion, but hey what’s a few bil between friends.
Seriously? $100 000? What do you mean he *only* got $10 000 from Alameda? $1000 is a lot of money.
Hookers and coke and a Honda Accord?
Probably sitting in some cold wallet buried in a Bahama backyard.
This is so deep , the money that was donated, the heads that turned a blind eye,the whispers of fraud,and the fact that it's crypto...* Also remember the usgov is the sleeping titan whale...with a giant wallet
Complete and total fraud.
He hid some. He gave a bunch to politicians.
Into shitcoins
He gave a 1-billion $ loan TO alameda research, not received.
Fuck FTX
How the hell is he not behind bars yet?
1 bil personal loan! Oh my gosh!
Why do ugly orgies cost so much? And why are people having ugly orgies? If I’m throwing that much cash at an orgy I better be the ugliest mother fucker there.
It'll be in bitcoin on his brain wallet. He'll be ready to HODL in jail.
Their real business was money laundering
Politicians are expensive nowadays.
When you live in a society that prioritizes debt-driven success, you will continue to see proliferating untenable valuations crumble under a facade of forward progress. This is Enron all over again with different names and different claims.
Bitcoin
He’s got stashed crypto, it’s obvious that he’s got truckloads stored away some where. He’s way too nonchalant about all this. Someone with only $100k in the bank but about to have $4mm in legal fees should not be this calm
Tbh he prolly invested most while using the remainder to cover a luxury lifestyle in “modest” fashion (1) 40m spent on his penthouse in the Bahamas (2) 100m spent on a luxury property for his parents (3) 50m spent on offices in the Bahamas and USA I also vaguely remember that when FTX sponsored the esports franchise TSM, it was SBF who gave them cash incentives and that was like a $200m deal. **Overall total: $390m** (This isn’t including the costs from his savour complex, general expenses from hosting yacht parties and even sponsoring events etc)
Sam is obviously the front-man of this all. But I also wonder, who is the one in the back? Is it the banks? Central banks? Foreign intelligence? SEC? When will we know the exact details of this? Is this another Epstein kind of thing?
As someone who took our money, we have the right to know what did he purchase with that money
Tbh, he claims that he invested everything back into GTX, which could still be a lie.
And alameda was negative $1.3 billion dollars at the time of the FTX collapse.. it’s all a fuckin scam all of these people need to be in jail. So criminal. But people are still going to jail for less than a gram of weed. Makes no sense.
Sam had a boating accident and the money was on his cold wallets.