The irony, is that those who lost everything are close to getting back 90% due to SBF's lucky Tech/AI investments...
SBF jailed
- Thread starter Pekelo
- Start date
Half billion "stolen" from FTX is slowly being cashed out:
https://www.bbc.com/news/technology-67090501
"The rest of the stolen FTX stash - around $230m - remained untouched until 30 September - the weekend before Mr Bankman-Fried's trial began.
Nearly every day since then chunks worth millions have been sent to a mixer for laundering and then presumably cashing out.
Elliptic has been able to trace $54m of Bitcoin being sent to the Sinbad mixer after which the trail has gone cold for now."
https://www.bbc.com/news/technology-67090501
"The rest of the stolen FTX stash - around $230m - remained untouched until 30 September - the weekend before Mr Bankman-Fried's trial began.
Nearly every day since then chunks worth millions have been sent to a mixer for laundering and then presumably cashing out.
Elliptic has been able to trace $54m of Bitcoin being sent to the Sinbad mixer after which the trail has gone cold for now."
Co-workers and friends throwing him under the bus:
https://www.businessinsider.com/sam...ds-demolish-defense-in-criminal-trial-2023-10
https://www.businessinsider.com/sam...ds-demolish-defense-in-criminal-trial-2023-10
Looks like the Defense is playing the 'Dumb Stupid' card. Saying that Sam had no idea what was going on in his own company. I seriously doubt this is going to hold water. But wouldn't be the least bit surprised if one of the jurrors is being paid off to deny his alligations.
I predict he will serve at least 3 years if some jurrors are paid off, and at most 20 years. I can't see them giving him life. He probably already has the best 'white collar' lawyers working for him, and they really can do some amazing things.
I predict he will serve at least 3 years if some jurrors are paid off, and at most 20 years. I can't see them giving him life. He probably already has the best 'white collar' lawyers working for him, and they really can do some amazing things.
The Wolf of Wall Shit went for less than a couple of years, in a minimum security prison where he got to play tennis all day.
Steve Madden got quite worse despite doing hardly the same amount and level of crimes.
Funny how the criminal system works.
Steve Madden got quite worse despite doing hardly the same amount and level of crimes.
Funny how the criminal system works.
Here is an interesting discussion about, where did all the money go?:
old.reddit.com/r/Buttcoin/comments/17egdmc/where_did_all_the_real_money_actually_go/
My answer is, it is expensive to run a real good ponzi. Beside paying for stadiums, politicians cost a pretty penny too. But most of the money probably went into bad crypto investments via Alameda. Throwing 30-50 millions here and there on mining equipment and whatever coins, and soon enough we are talking real money. Since numbers only go up, they invested in a bunch of coins and when those collapsed....
One of the top guys couldn't recall where he put 200 MM. There is your sign...
old.reddit.com/r/Buttcoin/comments/17egdmc/where_did_all_the_real_money_actually_go/
My answer is, it is expensive to run a real good ponzi. Beside paying for stadiums, politicians cost a pretty penny too. But most of the money probably went into bad crypto investments via Alameda. Throwing 30-50 millions here and there on mining equipment and whatever coins, and soon enough we are talking real money. Since numbers only go up, they invested in a bunch of coins and when those collapsed....
One of the top guys couldn't recall where he put 200 MM. There is your sign...
It will be interesting if SBF takes the stand in his own defense.
I hope this happens. It would be so satisfying and entertaining to see him speak. Hes already well known as a manipulative liar thats playing the 'dumb idiot that didnt know' card.
In all seriousness he really does deserve life. Millions of people lost their savings, all while he gave crypto a bad name
It's not lost, I believe they will get a hair-cut, but if things don't change as of now, they can expect 90% back. This was due to a combination of finding billions more, and key investments that paid off very well, and other things such as returns of donations, property, etc.