| > The idiot (Sam) took billions of peoples hard saved assets and let a 27 year old twit day trade gamble it down the tube. That's the same story those who portrayed SBF as a hero now try to sell you. Go back and read the explanation of the scam from those who explained the scam while it was ongoing (months and even years it blew up). From independent journalists to traders to even people testifying against FTX in front of congress: several saw SBF was a nobody and that he was full of shit (some junior trader who successfully executed three minor arbitrage at Jane Street on some minor market or something: nobody knew his name in the finance world, he was a complete no-name). These people who sniffed him for the fraud he was have got a different story. Here are a few interesting facts: - top lawyer at FTX, Dan Friedberg, is an ex- colleague of the top lawyer at BitFinex, Stuart Hoegner... What did they both work on as colleagues? Biggest online poker scam, where a company wrote a poker server with a "god mode" to defraud players. Coincidence right? I mean... FTX / BitFinex, just a coincidence. - SBF said he was fed up with the usual crypto exchanges that couldn't be trusted - first thing SBF does is send $$$ to tether (through 100+ fake companies/banks like Moonstone banks and the like) in exchange for USDTs So he doesn't trust exchange, but sends over the years billions of his customers' real USD to the most shady of them all to get, in exchange, counterfeited money (tether/USDT)? And the top FTX lawyer happens to have been involved in both a fraud and a coverup with the top lawyer at BitFinex. BTW it's the Panama papers that revealed that the gang between tether and BitFinex where the exact same people. Every single Bitcoin pump is linked to insane volume on the BTC/USDT trading pair. Even the last one, done through FTX/Alameda, when Coinbase and USDC were already big. So everything circles around tether / Bitfinex (who are still in the game, compared to SBF / FTX / Alameda). And that official story: "The 27 years old lost it all to bad leveraged trades that had no stop-losses". OK, sure. Fine. Maybe. But tell me... Wasn't it Bitfinex or Bitfinex's Alameda on the other side of that trade? (for Bitfinex also has the same structure with their own "independent" trading arm, whose name I currently forgot). I mean... Let's not talk about the petty $40 m in donations to grease politicians (mostly democrats but also republicans). That's petty money. Just like the rumours about $120m in real estate that SBF's parents acquired (which may or may not be true). Even if true, that's still cheap kickbacks for the money mule / fuse / useful idiots. WHERE ARE THE FUCKING TENS OF BILLIONS? |