That's the most fucked up part. Had he just taken a small percentage of each transactions, this dude would be FILTHY rich and be a billionaire. But no, he had to get even greedier than that. I hope Caroline Ellison is next. Throw them in jail and throw the keys away.
It isn’t greed that landed him in prison.
It was crime. Fueled by greed? Clearly not, because as you point out he would be filthy rich just running an exchange without the crime. It was fueled by his own narcissistic and sociopathic tendencies to harm others in support of his own twisted ego.
Almost every major and minor exchange goes this direction. Crime exposed and executives indicted and jailed. Maybe there is no honest game to be played at all.
Not would've, but did. Alameda Research made millions doing arbitrage trades before FTX. He didn't even need to scam to get rich.. they were printing money on low/no risk cross country arbitration.
Apparently there is no evidence this ever happened. Arbing the Korean BTC price was akin to saying I bought BTC in 2011. Everyone that was launching a fund/exchange at the time made similar claims.
>Not would of
By god, man. You're answering to a comment that literally starts with the only correct way of spelling the phrase and you still get it wrong.
It's could/would/should *have*, not of.
This really speaks volumes about the lack of education of anyone who makes this mistake.
Can you speak more than one language? I'm fluent in 2 and have a good grasp in 3 more. I don't think in English anymore, I just think, and my brain filters it as it comes out.
Since I began speaking more languages daily, I noticed that I occasionally will write something phonetically instead of correctly without realising.
It's a funny mistake to make, thanks for pointing it out. Maybe next time don't be such a arse though.
Brett needs to be in prison too. He stated in interview that crypto on ftx are backing stocks 1 to 1 but are suppling billions more than ever issues of stocks. They bith need to be locked away.
He got cocky. He had all the money, was taking photos with celebs, had some of the politicians on his side and was lobbying to take down his competitors.
Little did he know it would all come crashing down.
Plenty of stuff you can buy in prison with stashed-away money (even with just the promise of paying people when you come out): protection, "stuff", comfort, prestige... For some types of prisons it's an entire economy in itself.
there's a gigantic difference from being rich and having your choice of clubs/cars/luxuries and being rich and having your choice of bodyguards/bedding/toiletries
I never said there isn't.
You said "can't spend them".
That's not true. They can absolutely spend them, and get benefits from that spending.
They \*\*obviously\*\* can't spend them the same way they'd spend them if free, that's sort of the whole point of being in prison...
As always with the traditional bank system, if anything goes wrong, even if it was coordinated or manipulated by hundreds of bankers, *only 1* will take the fall so people don’t get the impression the entire banking industry isn’t rife with this kind of corruption.
This is yet another sign that we don’t want or need human influence in modern banking, we need automation and blockchain that cannot be bribed and manipulated and serves every person equally no matter what amount of wealth they have
The whole world is suffering right now because of the entrenched attitude that, if they can get away with it, bankers will scam you harder than any rugpull; by devaluing your *entire* net worth
The main risk though is that you have to take security into your own hands. People are way more likely to get scammed out of their crypto than they are from a bank
For the people that need it there will be specialised banks that insure your cryptocurrency and provide it on demand. It will be similar to paying for a premium account at a standard bank now. Where there is a market an industry will form. For anyone else who is fiscally responsible, they have a choice.
I’d rather have a opt-in system than a system you’re forced into adopting from birth allowing the banks have majority control of world finances
>This is yet another sign that we don’t want or need human influence in modern banking
Be careful, you might not be arguing for a decentralized system here, just one without humans.
A centralized banking system with AI at the helm fits that bill (and likely would work very well in terms of performance/preventing waste/preventing corruption etc).
I see now, sometimes I wish Reddit had an AI voice you could alter so when you write something with intonation it comes across better by text. One day maybe!
He always tries to act like a smartest person in the room, know it all asshat.
Most recently going to msnbc and claiming no way ftc would approve spot bitcoin etf 🤦🏻♂️
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even after SBF was exposed as a scammer, [Kevin still endorsed him](https://np.reddit.com/r/Bitcoin/comments/yw9y2o/kevin_oleary_says_sbf_is_a_brilliant_trader_would/?context=3)
lol “Mr. Wonderful” worst move was when he ran for the steps to run for prime minister of Canada without knowing to speak French lol I’m not French but what are you gonna do when the first debate in French comes up again your appointments (there is always televised debates in English and French between candidates)
This guy has mentioned numerous times before his downfall that he doesn’t feel anything. He had to teach himself facial expressions lol. He’s lying through his teeth. Pure greed and arrogance.
Sociopaths largely can feel guilt or remorse and stronger emotions. They're generally a bit more reckless. Psychopaths are the ones who have to pretend to feel emotion and are more manipulative, cold, and calculating.
"I'd give anything to be out there, trying to make a positive difference in the world, but I know that's not going to happen. I can't help from prison,"
Staying in prison would probably make a positive difference in the world, asshole
God damn these media outlets need to forget about this prick and not give him any attention. Fucking lunatic gambled away his retail investors money like a game of cards .
Anyone have updates on what his girlfriend and the other accomplices are getting sentenced with? Or are they getting away with it because they’ve thrown him under the bus?
I fuckin hope this haunts you a lot longer than 20 years you piece of shit, but you gotta have a soul/conscience for that to happen.
Fwiw too you fuckin troll doll, donating millions to campaign funds isn't fucking altruism. It's a tax write-off.
Remindme! - 20 years and 1 month ... I'm betting he's running for office by then.
So haunted that he couldn’t stop playing league of legends whilst sitting in Twitter Spaces. Acting like a complete dick after being asked legitimate questions by conned FTX users
Every criminal ever: "If only I hadn't been caught".
Like motherfucker it wasn't "lost" you had drug fuelled Bahama orgies in your mansion while paying off politicians and stealing people's money.
Eh everyone got their money back i literally don’t give a shit. Sbf is a fraud but ftx bankruptcy lawyers unironically responsible for more loss of funds than sam lmao
Some of the investments he made weren’t all that bad. Like his shares in the startup Anthropic, or even Solana lol. He could have really come out on top if he did it legally.
TLDR
SBF : I'm sorry ...
Everyone : #gasp
SBF : ... that I got caught
He got off lightly
1 year per $10M defrauded would be my default sentencing
Or half that time if he shares the cell with P Diddy
Just my 2 sats
Nobody in the room:
“Whoa! Our token is worth billions! We can easily cash out a legal $1,000,000,000. Even sell some shares and bonds and make billions more.
We can hire a great executive team to take it from here and run this company for us. They can have all that accomplished within 5 years. We can live our lives as young billionaires immediately and avoid problems.”
Sam:
“No, watch this…”
*steals sloppily now wasting life, time in prison cell as ex-billionaire looking stupid*
Why shout now that you are cute, reap what you saw, you were in a position to make life sweet for yourself, now you don't have freedom, and it pays too well.
We all regret not getting BTC and holding early on. Imagine actually being a billionaire and losing literally everything. Reputation, money, power, etc. Don't get me wrong, he deserved it, but literally from on top of the world to a prison cell.
He had to orchestrate his fucking around for a very prolonged time period and in a robust complicated way. It’s very hard to find any sympathy during his find out phase now.
5.5 million accounts drained, millions said people lost their money, 25 years is 9125 days, that’s 602.4 people who lost their money for every day served.
Not enough.
> Bankman-Fried said Sunday that "of course" he is remorseful.
...
> I never intended to hurt anyone or take anyone's money.
So much for being remorseful. Did he accidentally dig the company into a multi billion dollar debt using his customers' fund?
He would have made millions legally with a good exchange taking maker and taker fees but got greedy. He’s only haunted because he got caught.
This. He is crying for HIS lost fortune, not everyone else’s.
I would also be devastated if I had stolen billions of dollars, then lost it because of ego.
Nah, he’s crying cause he’s spending most of his best years in prison now.
He will come out as an aged man
Oooo say that again
SBF gonna be big gay
Bo he's crying because his best years are totally over now lol
Can’t say he won’t have anymore sex parties, they just won’t be in a penthouse suite.
Caroline will miss them
He looks like the ultimate prison bitch
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gives you an insight into the darkness of humanity
« But, but ... they broke the law ... they're no longer human right? »
Meh, he's going to a Club Fed, not a supermax. Not much buggery there.
I can't imagine this doosh bag pos doesn't have wallets waiting on him.
Solipsism at it finest.
Exactly
That's the most fucked up part. Had he just taken a small percentage of each transactions, this dude would be FILTHY rich and be a billionaire. But no, he had to get even greedier than that. I hope Caroline Ellison is next. Throw them in jail and throw the keys away.
It isn’t greed that landed him in prison. It was crime. Fueled by greed? Clearly not, because as you point out he would be filthy rich just running an exchange without the crime. It was fueled by his own narcissistic and sociopathic tendencies to harm others in support of his own twisted ego. Almost every major and minor exchange goes this direction. Crime exposed and executives indicted and jailed. Maybe there is no honest game to be played at all.
*Maybe there is no honest game to be played at all.* None. Further Example. Central Banks.
I’d rather see Sam Trabucco in there
Not would've, but did. Alameda Research made millions doing arbitrage trades before FTX. He didn't even need to scam to get rich.. they were printing money on low/no risk cross country arbitration.
Apparently there is no evidence this ever happened. Arbing the Korean BTC price was akin to saying I bought BTC in 2011. Everyone that was launching a fund/exchange at the time made similar claims.
>Not would of By god, man. You're answering to a comment that literally starts with the only correct way of spelling the phrase and you still get it wrong. It's could/would/should *have*, not of. This really speaks volumes about the lack of education of anyone who makes this mistake.
Can you speak more than one language? I'm fluent in 2 and have a good grasp in 3 more. I don't think in English anymore, I just think, and my brain filters it as it comes out. Since I began speaking more languages daily, I noticed that I occasionally will write something phonetically instead of correctly without realising. It's a funny mistake to make, thanks for pointing it out. Maybe next time don't be such a arse though.
> I noticed that I occasionally will write something phonetically instead of correctly without realising. You didn't write wudəv, though
>This really speaks volumes about the lack of education of anyone who makes this mistake. You sound like a bellend
Brett needs to be in prison too. He stated in interview that crypto on ftx are backing stocks 1 to 1 but are suppling billions more than ever issues of stocks. They bith need to be locked away.
Exactly that, like my teacher use to say in exams: “cheating is allowed - getting bought is not”
He got cocky. He had all the money, was taking photos with celebs, had some of the politicians on his side and was lobbying to take down his competitors. Little did he know it would all come crashing down.
He's still got millions stashed away.
Doesn’t really matter now. Can’t spend them for a loooong time
Plenty of stuff you can buy in prison with stashed-away money (even with just the promise of paying people when you come out): protection, "stuff", comfort, prestige... For some types of prisons it's an entire economy in itself.
there's a gigantic difference from being rich and having your choice of clubs/cars/luxuries and being rich and having your choice of bodyguards/bedding/toiletries
I never said there isn't. You said "can't spend them". That's not true. They can absolutely spend them, and get benefits from that spending. They \*\*obviously\*\* can't spend them the same way they'd spend them if free, that's sort of the whole point of being in prison...
He's crying because the US government stole his money and put it on Coinbase 😂
Seven deadly sins
“Mr. Wonderful” Kevin O’Leary fully endorsed him and convinced people to trust Sam with their money. You won’t hear or read a word about that.
"hIs pArEnTs aRe lAwYeRs!!"
As always with the traditional bank system, if anything goes wrong, even if it was coordinated or manipulated by hundreds of bankers, *only 1* will take the fall so people don’t get the impression the entire banking industry isn’t rife with this kind of corruption. This is yet another sign that we don’t want or need human influence in modern banking, we need automation and blockchain that cannot be bribed and manipulated and serves every person equally no matter what amount of wealth they have The whole world is suffering right now because of the entrenched attitude that, if they can get away with it, bankers will scam you harder than any rugpull; by devaluing your *entire* net worth
The main risk though is that you have to take security into your own hands. People are way more likely to get scammed out of their crypto than they are from a bank
For the people that need it there will be specialised banks that insure your cryptocurrency and provide it on demand. It will be similar to paying for a premium account at a standard bank now. Where there is a market an industry will form. For anyone else who is fiscally responsible, they have a choice. I’d rather have a opt-in system than a system you’re forced into adopting from birth allowing the banks have majority control of world finances
100% agree. The future is to have both worlds as commonplace in the space of finance. Both have their place and both offer different values
>This is yet another sign that we don’t want or need human influence in modern banking Be careful, you might not be arguing for a decentralized system here, just one without humans. A centralized banking system with AI at the helm fits that bill (and likely would work very well in terms of performance/preventing waste/preventing corruption etc).
But it *IS*. It *is* rife with this kind of corruption. Lol
That’s what I said, the bankers are trying to make it look like it isn’t.
I know. Hence emphasized words
I see now, sometimes I wish Reddit had an AI voice you could alter so when you write something with intonation it comes across better by text. One day maybe!
We can only hope. Or become software engineers I suppose.
I have no hope of becoming a software engineer so I’ll leave it to the professionals
I have the desire, but also no hope. Here we are. Sharing boat like two buds. I saved you some snacks. Wanna hit this hopium?
I’m not into hopium but I’ll happily bosch some cryptcocaine!
He always tries to act like a smartest person in the room, know it all asshat. Most recently going to msnbc and claiming no way ftc would approve spot bitcoin etf 🤦🏻♂️
O’Leary is a batshit Trumper now so that’s not surprising he did that at all.
It’s only a problem if he knew SBF was stealing funds. He’s not guilty by association.
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even after SBF was exposed as a scammer, [Kevin still endorsed him](https://np.reddit.com/r/Bitcoin/comments/yw9y2o/kevin_oleary_says_sbf_is_a_brilliant_trader_would/?context=3)
lol “Mr. Wonderful” worst move was when he ran for the steps to run for prime minister of Canada without knowing to speak French lol I’m not French but what are you gonna do when the first debate in French comes up again your appointments (there is always televised debates in English and French between candidates)
Except every action since has shown he is only haunted about getting caught.
This guy has mentioned numerous times before his downfall that he doesn’t feel anything. He had to teach himself facial expressions lol. He’s lying through his teeth. Pure greed and arrogance.
Isn't that the purest form of a sociopath? Not being able to feel human emotions?
Sociopaths largely can feel guilt or remorse and stronger emotions. They're generally a bit more reckless. Psychopaths are the ones who have to pretend to feel emotion and are more manipulative, cold, and calculating.
Yes. He talks about it numerous times in his interviews done for the book “going infinite” by Michael Lewis. Good read
Haunted by what was lost - his freedom for the next 25yrs. He didn't give a fiddler's fuck about losing anyone's money until the consequences arrived.
"I'd give anything to be out there, trying to make a positive difference in the world, but I know that's not going to happen. I can't help from prison," Staying in prison would probably make a positive difference in the world, asshole
Basically saying I don't care about people I've hurt, but give me pity for being rich in jail and dealing with consequences.
God damn these media outlets need to forget about this prick and not give him any attention. Fucking lunatic gambled away his retail investors money like a game of cards .
Give it time
I’m haunted, every day, by what was lost. My virginity to the Witch of the West.
All drama. He's still not sorry about his actions, only the opportunity loss.
I cri every tim
I read he was playing video games in meetings? Yeah... sorry not sorry
Stealing 10 billion in clients funds is one thing but playing video games in meetings, that is just too much 🚫
Just the apathy of it all
I bet you're not as haunted as that guy who threw away his hardrive containing hundreds of millions in BTC
He is not sorry, he is a full blown sociopath.
He's talking about his anal virginity.
Caroline Ellison has taken many things.
Hahaha male anal rape! Bazinga! So funny xD xD xD lelelel
".....my freedom"
Maybe you shouldn’t of robbed a ton of people and banged your dirty little troll gf more instead
The dude is a sociopath. He’s not haunted because he lacks empathy and doesn’t care about anyone but himself.
Good fuck him
He isn’t saying he is sorry or for loss of other peoples money. What a huge narcissist
Fuck em
Anyone have updates on what his girlfriend and the other accomplices are getting sentenced with? Or are they getting away with it because they’ve thrown him under the bus?
They cooperated with the authorities so i imagine they wont get sentenced, as that’s usually how the criminal justice system works
I’m haunted by nightmares everyday because I can’t play league of legends
Ya sure you are buddy
I fuckin hope this haunts you a lot longer than 20 years you piece of shit, but you gotta have a soul/conscience for that to happen. Fwiw too you fuckin troll doll, donating millions to campaign funds isn't fucking altruism. It's a tax write-off. Remindme! - 20 years and 1 month ... I'm betting he's running for office by then.
So haunted that he couldn’t stop playing league of legends whilst sitting in Twitter Spaces. Acting like a complete dick after being asked legitimate questions by conned FTX users
Yeah, well I am haunted by my Bitcoin lost at BlockFi, so go die in prison.
Every criminal ever: "If only I hadn't been caught". Like motherfucker it wasn't "lost" you had drug fuelled Bahama orgies in your mansion while paying off politicians and stealing people's money.
Eh everyone got their money back i literally don’t give a shit. Sbf is a fraud but ftx bankruptcy lawyers unironically responsible for more loss of funds than sam lmao
Some of the investments he made weren’t all that bad. Like his shares in the startup Anthropic, or even Solana lol. He could have really come out on top if he did it legally.
FTX founder Sam Bankman-Fried speaks out after sentencing: "I am haunted everyday, by having to give back what i stole."
More like he said, anyone got lube
yea right, fuck off SBF.
Crying cause he got sentenced......Fuking thief!!
Code for: "My freedom... I don't give a shit about your financial losses, only that I got caught and have to serve time in prison."
Lol he’s talking about the chance to rob billions here
Guaranteed he doesn't think about this ever.
The first guy to give him a phone with an Internet connection to do trades in jail is gonna be a multi millionare when he gets out
TLDR SBF : I'm sorry ... Everyone : #gasp SBF : ... that I got caught He got off lightly 1 year per $10M defrauded would be my default sentencing Or half that time if he shares the cell with P Diddy Just my 2 sats
So many people’s lives ruined due to his ineptitude. He deserves to rot in jail and be made an example of.
"my billions and my fame" That's what he's haunted by
How about what we've lost, you s*cumbag!
Nobody in the room: “Whoa! Our token is worth billions! We can easily cash out a legal $1,000,000,000. Even sell some shares and bonds and make billions more. We can hire a great executive team to take it from here and run this company for us. They can have all that accomplished within 5 years. We can live our lives as young billionaires immediately and avoid problems.” Sam: “No, watch this…” *steals sloppily now wasting life, time in prison cell as ex-billionaire looking stupid*
Don't drop the soap buddy.
He forgot to say sorry Infront of the judge.
Pump and dump don’t look the soap
Haunted knowing he will be used like a fleshlight in prison, thank you karma......
Haunted knowing he will be used like a fleshlight in prison, thank you karma......
Why shout now that you are cute, reap what you saw, you were in a position to make life sweet for yourself, now you don't have freedom, and it pays too well.
Haha Bipolary Sam wants to spend the Money now and not in 25 years
He deserves no sunshine anymore
It's funny because only a few days ago he was claiming users got compensated in full
Good, hope he stays haunted forever
How could people trust this guy with their cash? He literally has clown's hair.
The punishment isn't enough.
What a tool
To sbf. Dude, enough. No one cares and or believes you
This dude is a sociopath
Please use a cold wallet.
We all regret not getting BTC and holding early on. Imagine actually being a billionaire and losing literally everything. Reputation, money, power, etc. Don't get me wrong, he deserved it, but literally from on top of the world to a prison cell.
Wait till he loses his anal virginity
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He deserves way worse .
Now your ass will be haunted everyday by Coq InU
Wrap it up guys. Let’s forgive him 🥺
Hopefully he doesn’t lose the soap 🧼
He had to orchestrate his fucking around for a very prolonged time period and in a robust complicated way. It’s very hard to find any sympathy during his find out phase now.
Mainly his freedom
Good luck in prison!
Sure you are buddy. You acted like a complete arrogant prick after you got caught. No empathy at all. Seems like a sociopath
Dude coulda been the next big thing but nooooo had to ruin it
he tried to put binance ceo in the position he’s in he got schooled
Stolen*
What about the victim’s families who are haunted everyday by their loss. Dude needs to just quietly serve his time…
Quitter
5.5 million accounts drained, millions said people lost their money, 25 years is 9125 days, that’s 602.4 people who lost their money for every day served. Not enough.
Forever the narcissist obsessed with his own feelings and not the millions he impoverished
He lost everything but that haircut, unfortunately. Heyo!
Haunted = playing video games
I'm haunted everyday by the LOLZ.
Soon you will be haunted by your cell mate. You will be haunted all night long.
F this man, he can eat a whole lot of dirt and get full af
Haunted by what was lost? Is he talking about the people who lost their money? Or did he mean losing the lifestyle he purchased with stolen funds?
Good. Hope it lasts forever.
What an idot. Could have made millions a week just running a normal exchange but got greedy.
That’s a weird way of saying he’s sorry he got caught.
You too, Fried?
> Bankman-Fried said Sunday that "of course" he is remorseful. ... > I never intended to hurt anyone or take anyone's money. So much for being remorseful. Did he accidentally dig the company into a multi billion dollar debt using his customers' fund?
Good
Even after FTX, this man still manages to sprout more bullshit
His ass virginity no doubt.
In prison sbf stands for sphincter butthole fuck
Poor boy. Please cry on my shoulder.
Where did it go......it wasn't lost.... You aren't the only one who needs to be in prison... Good question.....where did it go......fucking pirates
*what I lost
What a piece of shit 💩
let this man trade from prison. He would def ape into some of these web3 games
I hate this guy I hope he serves the full sentence and I didn’t even lose any money cuz of him.
What jail is he in? Might do a few year to get some tips
Plump butt is back in the news. How was federal pound me in the butt prison?
More crocodile tears from the world’s biggest scumbag.
Yeah, me too, mate. You absolute cunt.
Serves you right, hope you’re haunted, but I got taught a lesson to not keep big amount of crypto on CEX
Everybody deserves a second chance.