Kimdotcom on twitter said "Want to see how reliable
@Binance is? Withdraw it all."
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Kimdotcom on twitter said "Want to see how reliable
@Binance is? Withdraw it all."
ftx suicide tweets are starting to fire off.
Quote:
Originally Posted by Sanlmar
Binance is gonna have a short ass life. This is not over by a long shot.Quote:
Originally Posted by TheXFactor
Scarramucci is one of the regular cast of CNBC “content” that comes on to pump whatever it is they are up to.
he's a pos. when the female asked him a tough question about needing sam to bail him out, you could hear is heart drop. just another grifter.
and then there is more:
Glory To Heroes.
Death to enemies.
JOHN ELLIS
NOV 12
PAID
10. FTX founder Sam Bankman-Fried invested hundreds of millions of dollars into venture capital funds run by firms such as Sequoia Capital which also backed his struggling FTX crypto exchange, according to documents seen by the Financial Times. The 30-year-old entrepreneur, who has been seeking to raise billions of dollars in emergency financing, has a $200 million investment in two funds run by Sequoia, the US venture capital investor, held through his Alameda Research crypto trading group. Alameda also had smaller investments in funds run by FTX venture capital backers Paradigm, Altimeter Capital Management, Sino Global Capital and Multicoin Capital, the documents show. (Source: ft.com)
FTC now "hacked" for hundreds of millions and their app is malware.
Exchanges were the biggest reason for crypto exploding. Feel like this incident in particular gonna really erode confidence. This may be the end of crypto as we know it. Expect a long cold winter.
the chief regulatory officer of ftx was dan friedberg.
aka the head council for ... wait for it... ultimate bet.
https://highstakesdb.com/news/high-s...x-crypto-crash
Copy/P from some articles comment section. Not going to verify, too lazy. Hilarious if true.
April 25, 2019: Biden announces his presidential campaign.
13 days later, Sam Bankman-Fried, son of Barbara Fried ( Stanford Professor and co-founder of political fundraising organization "Mind-the-Gap), launches #FTX crypto exchange.
The exchange is magically an overnight success. SBF becomes biggest donor to Biden.
Election day, FTX implodes completely.
If you think this scandal is done, it goes even deeper.
-----
Gabe Bankman-Fried, brother to Sam (also a former Jane Street trader), is founder of “Guarding Against Pandemics”
He was a Legislative Correspondent for the US House of Representatives and an advisor to large political donors in the Democrat party.
The family Aunt Linda Fried is a WEF member on the Global Agenda Council on Aging.
The father, Joseph Bankman is a Stanford professor who has lobbied on behalf of Hedge Fund managers before Congress before (film records exist).
FTX' Head of Ventures & Commercial at FTX Ventures Amy Wu, started with the Clinton Foundation years ago.
Nishad Singh FTX Director of Engineering has spent over 8 million for Dem candidates.
And finally Obama's Commodity Futures Trading Commissioner, Mark Wetjen was literally the head of FTX Policy & Regulation.
Reports were the organization wanted to spend over a billion dollars on the Democratic party for 2024.
Gary Gensler’s old boss at MIT was Glenn Ellison. His daughter Caroline Ellison is the CEO of FTX sister-company Alameda Research.
The GC of FTX used to be lead counsel to Gensler when he was CFTC Chair.
Sam Bankman-Fried’s mother was Hilary Clinton’s lawyer
:lol2
You must have missed this when I posted it 2 days ago:Quote:
Originally Posted by sonatine
https://www.youtube.com/watch?v=hFfcouiMHDY
Quote:
Originally Posted by Dan DruffYou must have missed this when I posted it 2 days ago:Quote:
Originally Posted by sonatine
https://www.youtube.com/watch?v=hFfcouiMHDY
half the posts in this thread are things i mentioned 2 days before, so..
What PokerStars was to online poker.
Binance is to Cryptocurrency.
The biggest and the best.
I'm sure Binance and Coinbase will be in business forever.
Unless the U.S. government wants that money.
https://i.seadn.io/gae/py1pl2LI_i9JF...=format&w=1000
IF YOU HAVE ANY SIGNIFICANT AMOUNT OF CRYPTOCURRENCY ON ANY EXCHANGE...IT MIGHT BE A GOOD IDEA TO CASH OUT NOW!!!
These idiot ads will mark crypto the way the old Pets.com ads marked the dot.com era.
Quote:
Originally Posted by TheXFactor
I thought we covered this before. Maybe it was someone else. This isn’t ending with FTX. This is Chernobyl.
Citadel, Credit Suisse, Sequoia, UBS, Bitrex you can add to the list. Maybe Robinhood - I might be wrong. Everyone was swapping spit. Bad paper & freshly printed stable coins.
I don’t want to get too dramatic but think credit default swaps and CDO’s getting minted and sold between intuitions back during housing. Many businesses got punched in the balls. It wasn’t just one bank.
Davidee’s Democratic donations were protection money for SBF cause shit was going south many many months ago. Meantime, the children were using customer funds to Martingale their way back to solvency.
Think Goldman Sach’s donations in 2008. SBF knew it was very likely he might need friends in high places.
SBF, Gary Wang and the toddlers are gonna sing. This soap opera is just go on and on. Epic cleansing. Few will be punished. Regulations will be created and everyone will feel better about the experience.
There is the thought that redemptions Monday from every institution that was wading into crypto are gonna be colossal. I’m not trading that but futures will inform us tomorrow.
SBF, Gary Wang, and director of engineering Nishad Singh have been detained by Bahamian authorities while supposedly trying to flee to Dubai.
If true, did they just assume the U.A.E. doesn't have an extradition treaty with the US or something? Because they would be wrong anyway...one was just signed earlier this year lol.
https://cointelegraph.com/news/sam-b...-flee-to-dubai
Dubai worlds richest and not many can Princes and Sheiks but scammers WTF lol noQuote:
Originally Posted by Gordman
Scammers usually wouldn't think this direction either, a really wealthy or Oil type might and American not usually imo this whole thing seems to be going a certain direction i think now, and where it ends up now, its going to be interesting. Dubai is also a solid level if it was say a Govt total Op job because they know totally, only very few in this entire world actually go to Dubai, its a huge marker, and indicator id think. Whole story seems a bit out of a movie or i been hit in head too hard too many times now, maybe its an Op Job by the Gubmint lol
This Caroline chick from Alameda Research is very fascinating.
But before I get into her stuff, look at this:
https://twitter.com/SBF_FTX/status/1592001631079497728
Sorry, I got nothing on this one.
So regarding Caroline Ellison. She met SBF while working at the same firm. He convinced her to leave and join him in his ventures. Apparently they had romantic/sexual relations, as well, though both were also into polyamory, soooo....
The internet has been fascinated with her because she's got all of the looks and mannerisms of the stereotypical female nerd:
Homely facial features - CHECK (unlike "female nerds" in movies who are just hot chicks with glasses on)
Big glasses - CHECK
Nasally voice and awkward mannerisms - CHECK
Greasy hair and disheveled appearance - CHECK
Like SBF, both parents hail from the world of academia. She majored in math, which she proudly bragged about "never using" in her crypto trading (lol):
https://twitter.com/tom_honzik/statu...91791071440901
Apparently the FTX complex in the Bahamas consisted of ten young people, five male and five female, all of whom were intertwined in romantic/sexual relationships. It's not clear if they were all poly, but I know SBF and Caroline were.
You might think that a polyamorous chick without traditionally feminine mannerisms would be bi, but you'd be wrong. One of her tumblr posts identifies herself as a "straight female", and while she seems to have a fetish for being "physically overpowered" by men, it looks like men were her only sexual interest.
She was also into "effective altruism", also known as "EA". Here's a fairly accurate definition of EA, from Wikipedia:
Quote:
Effective altruism (EA) is a philosophical and social movement that advocates "using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis". People who pursue the goals of effective altruism are labeled effective altruists.
Common practices of effective altruists include choosing careers based on the amount of good that the career achieves, donating to charities based on maximizing impact, and earning to give. Popular cause priorities within EA include global health and development, animal welfare, and risks to the survival of humanity over the long-term future.
Some effective altruists also pledge the majority of their income to charity, keeping only what they need to survive.
The problem, as you might guess, is that EA also attracts scammers. Many fraudsters hide behind claims of effective altruism in order to lure their victims into a sense of trust. That's why effective altruism itself is a noble venture, but at the same time, it's hard to trust anyone who claims to be an effective altruist, unless you know them really well.
Not surprisingly, fraudsters SBF and Caroline Ellison were also effective altruists.
Now about that Tumblr.... I'll get to it in my next post.
The Tumblr, which has been verified as real, is called "Fake Charity Nerd Girl".
You can't make this shit up.
https://twitter.com/noinvite2/status...03046987046912
https://twitter.com/AutismCapital/st...58435532505090
https://twitter.com/mrguy1121/status...10822849368064
https://twitter.com/purpleselma/stat...08637113319424
absolutely 100% going to put money in this chicks commissary.
https://pbs.twimg.com/media/Fhff35RW...jpg&name=large
Interesting how Caroline is said to be in Hong Kong now. Wonder if she left and went there as soon as the shit hit the fan.Quote:
Originally Posted by Gordman
The Bahamas might not want to anger the US over this situation, and might just arrest SBF and his two cohorts, and ship them over. If SBF is federally prosecuted and they can prove he secretly transferred over $10 billion to Alameda Research from FTX, I could see him getting a really stiff sentence.
Why do you think SBF will get a “really stiff sentence”?Quote:
Originally Posted by Dan DruffInteresting how Caroline is said to be in Hong Kong now. Wonder if she left and went there as soon as the shit hit the fan.Quote:
Originally Posted by Gordman
The Bahamas might not want to anger the US over this situation, and might just arrest SBF and his two cohorts, and ship them over. If SBF is federally prosecuted and they can prove he secretly transferred over $10 billion to Alameda Research from FTX, I could see him getting a really stiff sentence.
This offshore entity in an unregulated industry.
Don’t confuse your outrage with penalty. You of all people. That is rarely how things work as your experience in poker should have informed you.
This might be why the guy with relationships to really well connected and highly educated lawyers might be chillin’ and not runnin.
He’ll do some time perhaps but he isn’t gonna be Ross Ulbricht
Quote:
Originally Posted by SanlmarWhy do you think SBF will get a “really stiff sentence”?Quote:
Originally Posted by Dan Druff
This offshore entity in an unregulated industry.
Don’t confuse your outrage with penalty. You of all people. That is rarely how things work as your experience in poker should have informed you.
This might be why the guy with relationships to really well connected and highly educated lawyers might be chillin’ and not runnin.
He’ll do some time perhaps but he isn’t gonna be Ross Ulbricht
this is really a big part of the point i was making yesterday.
fraud is when you line your own pockets with a rug pull.
the overwhelming majority of missteps that brought down ftx _appear_ to simply be impulsive gestures based on shit that worked a hundred times before it didnt.
the recent 'hacks' are a different convo, we dont know what happened there. im more inclined to chalk it up to north korea than insiders but whatever.
there were so many incredibly high risk plays made that were obviously not designed to deceive, but simply to be flashy 'i can so i will' type maneuvers... i dont know what a court can do with that, and i dont know what court would even have jurisdiction.
I actually forgot about the recent hacks tbh. Really not sure anything comes of that. We will see.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Sanlmar
this is really a big part of the point i was making yesterday.
fraud is when you line your own pockets with a rug pull.
the overwhelming majority of missteps that brought down ftx _appear_ to simply be impulsive gestures based on shit that worked a hundred times before it didnt.
the recent 'hacks' are a different convo, we dont know what happened there. im more inclined to chalk it up to north korea than insiders but whatever.
there were so many incredibly high risk plays made that were obviously not designed to deceive, but simply to be flashy 'i can so i will' type maneuvers... i dont know what a court can do with that, and i dont know what court would even have jurisdiction.
What? US gonna prosecute an entire industry? There will be more CEX fails - hardly a bold call… there always are.
Candidly, not sure FTX showed any original moves out on the floor. They just had the misfortune to have been large in a QT/bear market.
The tsunami that hit the shore with this story has now become low tide. We move on.
@ sonatine
You haven’t bit on the Citadel GME/AMC bad paper for FTT swap.
Woulda been fun.
If you would have told me 3 weeks ago FTX evaporated in 48 hours and other exchanges are locked up in whole or part id have guessed BTC would be back to pre covid 3.5K
If the price holds around 16 for the next week or three i think we may have found our post covid low.
Quote:
Originally Posted by Sanlmar
it was debunked a few days ago.
Quote:
Originally Posted by Sanlmar
issuing perps when your affiliate owns 90% of the coins tho...
i cant get that out of my head. and im sure its one of hundreds of examples.
Quote:
Originally Posted by Dan Druff
I mean “zoom out”
again to the 'was there an actual crime committed here' point; the bahamian securities police still cant find cause to arrest anyone.
https://twitter.com/BloombergTV/stat...18357188665350
running a lolfund shittily is apparently not illegal.
that said... lotta time on the clock still and sbf aint going anywhere.
I mean nobody went to jail for 2008.
I cant imagine some of these guys dont fry for this. The fact that they gave so much $$ to political people is probably going to help though. Not like any of them want to give the $$ back.
theres a rumor going around that the fbi reached out to the doj about this and the doj were literally like shrug city if you can find a crime for us to prosecute, let us know.Quote:
Originally Posted by Daly
whats interesting tho, and this is pointed out by citrus research (in a post about why they are net short eth), is that major political donors receive _extremely_ heavy scrutiny/vetting, and citrus wants to know why the fbi didnt do 5 fucking minutes of due diligence on ftx when thats how long it took citrus to sniff out bullshit.
hack is north korea -125 -> +525
the hacker literally sent funds to his kraken account and doxed himself. kraken is sitting on the ID but apparently has made it.
@tellafriend
Next time you’re at Atlantis you should do a walk thru of SBF’s crib. Obv the furniture is staged cause autism and bean bags
https://www.seasidebahamas.com/view/...H+6/20046/buy/
SBF is NOT under arrest, yet.Quote:
Originally Posted by SanlmarWhy do you think SBF will get a “really stiff sentence”?Quote:
Originally Posted by Dan Druff
This offshore entity in an unregulated industry.
Don’t confuse your outrage with penalty. You of all people. That is rarely how things work as your experience in poker should have informed you.
This might be why the guy with relationships to really well connected and highly educated lawyers might be chillin’ and not runnin.
He’ll do some time perhaps but he isn’t gonna be Ross Ulbricht
The investigation into his business has just started.
He is free to take off in his private jet and leave the country at any time.
He should leave right now, if he's smart.
If for some reason that you can't leave by plane, get a submarine and have them pick you up.
SBF must have some money and crypto stashed away.
Does this movie have a happy ending?
https://pbs.twimg.com/media/FhYF63PXwAM03N9.jpg
https://i.kym-cdn.com/photos/images/...02/477/789/dec
Quote:
Originally Posted by sonatineQuote:
Originally Posted by Sanlmar
this is really a big part of the point i was making yesterday.
fraud is when you line your own pockets with a rug pull.
the overwhelming majority of missteps that brought down ftx _appear_ to simply be impulsive gestures based on shit that worked a hundred times before it didnt.
the recent 'hacks' are a different convo, we dont know what happened there. im more inclined to chalk it up to north korea than insiders but whatever.
there were so many incredibly high risk plays made that were obviously not designed to deceive, but simply to be flashy 'i can so i will' type maneuvers... i dont know what a court can do with that, and i dont know what court would even have jurisdiction.
alameda just copped to loans being used to finance venture capital investments at the peak of the bull run being the root cause. the loans got called and they used investor capital to cover. its just not clear to me if/how thats going to get prosecuted.
there may be some bookkeeping charges coming but honestly you really cant prosecute when a fund goes batshit. at best you can sue and lest we forget, burry got sued for halting withdrawals from scion in 2007 and no one got a penny from him because he was within his contractual rights.
its just not clear to me what contractual boundaries alameda had in place, or what is / is not allowed in the bahamas...
https://pbs.twimg.com/media/Fhj-Beta...pg&name=medium
this is so irritating... hes exploiting the twitter deleted tweet recording bot by deleting incriminating tweets as he ads each one of these nonsense tweets.
That's really clever, actually. I didn't realize you could trick the "deleted tweet" bot by adding junk tweets and then simultaneously deleting another (thus making it appear as if you have the same number as before).
Are you sure it works that way, though?
I ask because I have to interface with the Twitter API in order to autopost the WSOP tweets with the #pfaXX hashtag (such as #pfa04 for event #4), and basically it's a call to Twitter to serve me any new tweets made with that hashtag (by any account). Then I postprocess it, such as auto-posting to the appropriate WSOP forum and trashing any unwanted spam or whatever.
So I would think a Twitter deleted tweet bot would do something similar, even if it's scraping the tweets on their own, without help of the API. Are you sure it works by tweet count?
I was thinking he was just trolling with this one-letter-at-a-time "WHAT HAPPENS" or "WHAT'S HAPPENING IS..." message.
Either way, it's a weird look. Prior to this series of tweets, he at least feigning taking the entire matter seriously, and was claiming extreme remorse. Now it's just trolling the community, no matter what is happening.