Reddit Posts
FTX founder SBF officially petitions President Trump for a pardon.
Will Michael Saylor be this cycles SBF ?
SBF didn’t lose $8 billion. He hid it. Here’s the timeline.
Drake mentions Polymarket and says free SBF on his new album 💀
Who let SBF create a Markets trading account from his cell?😭
Worldcoin Prices Dips As Sam Altman’s Trust Crisis Deepens With New SBF Comparison
How FTX’s Bankruptcy Affects Investors and Legal Proceedings
Listen: SBF’s Parents Break Their Silence on CNN Smerconish
Trusting centralized exchanges in 2026: Finding the middle ground.
Lummis Slams SBF Over CLARITY Act Praise From Prison
No Space for SBF on Trump’s Clemency List, White House Says
Throwback to the time SBF told us "Some Crypto Exchanges Already Secretly Insolvent" 4 months before FTX halted withdrawals and shut down.
Donald Trump’s Crypto Mercy Ends At SBF: Full Sentence Ahead?
How many Do Kwon’s and SBF’s remain out there??
Do Kwon just got sentenced to 15 years for a $40 billion fraud while SBF got 25 years for an $11 billion fraud and the reason why is actually really intresting.
Do Kwon just got sentenced to 15 years for a $40 billion fraud while SBF got 25 years for an $11 billion fraud and the reason why is actually really intresting.
SBF alleges ZachXBT is Binance founder: 'Come on CZ...'
SBF returns to court seeking new trial over FTX collapse
SBF’s X account claims FTX was never bankrupt, triggers brief uptick in FTT token
Is a pardon coming for SBF? His dad is doing media
FTT Explodes 51% After ‘gm’ Tweet from SBF’s Account!
FTT Token Soars 32% After SBF Drops GM Tweet Out Of The Blue
10+ years in this space; 3 important lessons I have learnt.
SBF appeal hearing set to start November 3, two years after 25-year conviction
SBF Ends Up in 'Victimville', One of the Most Violent Prisons in California
SBF opens Aussie Blockchain Week as govt says we’re “open for business”
Yesterday's "leak" was an organised pump and dump
FTX CEO Donating $25 to Ukrainians is a good thing, but doesn't deserve widespread recognition
FTX gives $25 to every Ukrainian on the platform
Thought the Larry David Ad was brilliant? FTX marketing team has outdone themselves once again (Floating SBF head)
Young Crypto Whiz 'SBF' Backs Regulatory Oversight
You think maybe crypto is stagnating because...Pick One.
Senate Hearing On Crypto Live Now: Examining Digital Assets Risks, Regulation, and Innovation. FTX head SBF Set To Testify Soon
DEMO - No, streaming heavy 4k media from an L1 isn't impossible!
Mentions
What's more bizarre is how FTX/SBF knew about Anthropic so early right when it was founded in 2021 and felt confident enough to invest $500 million... This was at a time when nobody outside specialized tech circles was talking about AI yet.
Def not okay insider trade, like all the criminals Trump has pardoned, and those who took money from SBF in Congress. Not saying that there shouldn't have been legal repercussions for SBF, just that there should have been similar repercussions for all other white collar criminals. Instead, it seems like they just targeted SBF to make sure they didn't have to pay back their bribes.
I mean its just wild to call solana a dead chain. You told me to do the math.. how many serious options did you really have back in 2016? And if you chose ether, you are doing 10 times better now than you would be if you held bitcoin. Solana rivals ether in many ways and is only 6 years old, still has plenty room to grow exponentially. You could have had an easier time pulling a 3x with safer stocks than going with bitcoin. Everyone on reddit is a multi millionaire and retired early because of whatever theyre trying to push. I wonder about the motivations of anyone who is so adamantly against altcoins like this. Or adamantly for anything else. You really haven't given a real reason besides you made a ton of money, using altcoins, and SBF is a scumbag, who the network has been running without for... how long?
Pretty sure I recall SBF saying he’d spend up to $1B in political donations to keep Trump from winning the election. No way a pardon will happen!
The last thing I'll say is that its very easy to say fuck everything but bitcoin when you have already made a killing off altcoins, and you don't need anything else any more. They're more risky, we all know this. Sol has moved far out of SBF's shadow since he has been in prison. It may or may not perform but is far from dead. Newer people may be chasing much larger gains than they can get from bitcoin. It probably isn't going more than 4 or 5x from here, best case scenario, next couple of decades. Solana or ether barely have to reach current ATH to make the same move. If they don't go to 0, they'll do it eventually. They have a better chance than any of our other established altcoins.
You know what… don’t play the fucking guessing game… lmao… geez man, no wonder you’re stuck on Solana . Listen bub, I retired at 42 because of crypto. I made more on trading Solana and BNB than your entire net worth. I also learned that Solana was dead as soon as SBF turned out to be a douche. So check your attitude, and maybe loan something by looking into the facts instead of talking stupid shit
If they hadn’t made an example of SBF all losses would have been recouped. But the politicians who took money from him never wanted to return it. Easier to send him to jail.
Is this SBF posting from jail or something? Who tf feels sympathetic for FTX in the big 26?
SBF could've been a billionaire easily and slowly but decided to commit fraud to do it fast and ended up in jail. Talk about greed and God complex.
**Knowing SBF if you’re into finance/crypto is one thing, but that’s still a pretty small bubble compared to ‘most Americans.**
There is no way. SBF has/had been a long time progressive giving money to very left of center causes and candidates. At least Russ Ulrich was a darling in Libertarian circles that may have gained Trump some extra votes when he said he would commute his sentence.
Saylor will be the next SBF
So who is bankrolling this? Is there anyone in SBFs circle who would benefit from funding this? I wouldn't have thought anyone would really want SBF working at their firm enough to buy his pardon. I'm so curious who stands to benefit from this.
SBF will pump Trump shitcoins for a pardon
He needed CZ for his crypto company. He doesn’t need SBF afaik. But who are we kidding as long as he can wet his beak he’ll be on board.
We may get team up with SBF and NGT…
Trump has already pardoned crypto scammers like CZ. A pardon for SBF would just confirm what everyone already knows thatpolitics is the biggest financial crime ring of all
Ironically Drake references SBF on his latest album
If a total asshole like SBF gets out of jail, one really has to hope for karma to hit him with a truck or something. Scum of a human
SBF isn't just a bad apple; he is the inevitable result of centralized, custodial finance. The entire system is built on fractional reserve illusions. This is exactly why the only real exit protocol is aggressive self-custody. If it's not sitting on a physical hardware device that you control, it's just an IOU waiting to be evaporated by the next FTX. I did a deep-dive breakdown on how his architecture of fraud perfectly highlights the need for a decentralized baseline here: https://youtu.be/0zdSHvjHiss?is=OuW9STOzwE0fVlYR
SBF will have his lil fuck goblin pay Trump on the backend/behind closed doors.
SBF and his altruist BS will definitely earn some high praise from Trump.
Yes, but it went to Mitch McConnell and other Republicans that actually used it against Trump. SBF is fucked.
SBF invests 1 billion into world liberty finance, pardon approved. The template was written with Binanace guy.
People did not lose money because of CZ, but they did because of SBF and they also know who he is
"Sir, you're the bigliest genius ever" and a low-7-figure bribe and SBF will be a "helluva guy" who got "treated horribly" by Biden.
Anyone who keeps up with finance or investing knows SBF. So maybe 10% of people, if even. That is still enough people to raise a stink, but it's definitely not "most Americans".
If Ross Ulbricht can get Trump’s pardon why not SBF??
SBF will next join the Fed, no?
I small part of me genuinely wants him to pardon him. It will be such a horrible miscarriage of justice and SBF is actually so hated in the crypto community that it just might wake up some people to the fact that Trump truly isn't for anyone else but Trump.
cZ was an exchange of value, a quid pro quo. What does SBF have left to give?
DJT said he'd consider it, but first SBF had to shave his head.
Trump just pardoned Stephen Buyer, a Republican Congressman who was convicted of insider trading. He also pardoned CZ of Binance. Trump also pardoned Ross Ulbricht, creator of "The Silk Road" back in Jan 2025. The odds seem pretty high that Trump will pardon a few more scumbags, like SBF, before he is finished.
Somewhere in there you need a bunch of public Trump glazing sessions. Thats what SBF did thoroughly from his prison cell.
When has that ever stopped Trump from pardoning a turd bucket. If SBF pays his bribe he’ll get a pardon.
I doubt he will parted him since Trump does who he favors if you look at the history. SBF was a second largest donor to the Democratic Party during the election. He bash Trump constantly on his post with Trump’s ego. There’s no way he will pardon him I bet you.
SBF shouldn't have nearly enough money to get one from trump
hell no - SBF is guilty and shouldn't be pardoned
And Trump will give it to him because I guarantee he’ll get a bribe or extract some other favor from him for it. The funny thing about that is if it’s a favor of some sort that Trump wants I’d be 90% sure it’s something illegal. Then SBF will be in a predicament because doing illegal shit got him thrown in the clink already so if he does it again and then Trump leaves office he will be open to another trial and possible prison sentence. So there will probably be he some behind the scenes negotiation that SBF will provide him expertise if how to cover your tracks with bribes by using crypto. Fucking hilarious that the worst swamp monster ever said he’d drain the swamp and his moron voters just bought it.
Trump will pardon him on his way out as a final fuck you, esp if Dems win. SBF prob has monero squirreled away for just this occasion. Trump will 'make a deal'. Def see it happening
No way SBF doesn't have a few million squirreled away for just this scenario
Will it happen? The answer is simple. If SBF has at least a dollar to his name and gives it to Trump, he will be pardoned.
SBF is mentioned by full name on the #1 album in America right now, i think more people are aware of him than you think.
The two cases are nothing alike. SBF will not be pardoned and saying he will be is just a round about to slander Trump.
> Most Americans know SBF Seriously doubt it. On this sub sure, but the average American skips a lot of news.
If he pardons him, it’s over for him. Too many people hold a big ass grudge against SBF as they lost a lot of money. I also thought SBF donated extreme money to Biden - but I could be wrong
This is why SBF has been suckling on Trump’s sack on Twitter over the last year Have no idea I if it will work or not
Which party SBF donated heavily to again?
If SBF gets a pardon basically just cash out of crypto tank it to 0 and never buy it back.
Who cares. All SBF needs to do is pay enough and do a little ass kissing to get his pardon
Most Americans know SBF. The vast majority have no idea who Chang is or what Binance is.
SBF really filed for a Trump pardon after everything?.... Crypto never fails to deliver the drama.... But knowing TRUMP he will probably give him a pardon.
I've heard this cope on every dip ever. Maybe this is SBF manipulation so Alameda can btd/s
We need SBF 2.0. Is it Saylor?
You must have read the SBF playbook 🤣
Every rehypotecated coin requires a sucker leaving their coin on the exchange or ETF. SBF is drooling from jail as we speak.
All I can gather from this post is that OP knows nothing about SBF or Saylor.
if Bitcoin enters a prolonged bear market, people will definitely start questioning the leverage Whether that makes him this cycle's SBF is another story entirely
STRC is a variable divided, he can drop the % as low as he wants to. Also, BTC already had a 50% drop in price. Exactly how do you expect Saylor to be the next SBF?
If dummies didn’t sell low, smart people couldn’t buy low. If smart people didn’t sell high, dummies couldn’t buy high. The macro and meta around Bitcoin hasn’t changed. The quantum stuff is the same bullshit FUD we’ve been hearing for a decade. There’s no SBF con man actively ripping people off and destroying the market. The charts go up and the charts go down, just like any asset. The tough thing is understanding your own psychology enough to say, “The last time the market was up/down, I was worried it would never go back up or down. But of course it did.” At the end of the day, what matters most is setting up your life so you can hold an asset like BTC without being affected by bear markets or spending a single second of your life worrying about it all. One day it will go back up and then the next day it will go back down.
Trump is basically SBF and Do Kwon of this cycle destroying trust.
Crypto isn't an industry. It's a bunch of schemes. The fact that you have to go begging to politicians and to the same banks and institutions that crypto was going to sideline is quite ironic. It's would take anyone studying the cryto scene - from a human perspective - about 15 minutes to figure out that it is about free money and "number go up". When things happen in the real world - or don't - it means something. No, 10,000 words on the subject does not mean a thing. It's about young males, many of whom have checkered pasts or who are looking for Easy Street, trying to get rich without working. I don't want to list them all out here - but you might think after the failure of 18,000 "currencies", the demise of the KINGS like SBF and many others, the old folks and families taken for 10's of Billions of dollars, the Pols and POTUS of the USA taking bribes, the lack of everyday uses (although if buying heroin mail-order BTC works) - virtually a 100% plus failure rate.... And yet some are saying "No, it's real and there is all this good stuff happening"... You see - even IF all this crazy stuff happened and "number go up to moon" - then it is very likely it would help create a global or regional disaster....and yet, the vast majority of the "people on the moon" would care less. What I am saying is that if we took 10,000 crypto bros and "speculators" and asked "If you could make 100X the money on your crypto but the result was that that 1,000 others lost an amount which totally vastly more than you made" - the vast majority would say "they should have done their own research". Sorry, but this is very simple. There is no need. There is no real use case - no one anywhere (well, except a torturing dictator who locked up a large % of his population) has any use for it. This is not FUD. I have a little BTC. I even made bank on it up to day...only bought it due to Trump starting to dismantle civilization back in the 2018 time period....but that doesn't mean my 40+ years of investing and business experiences don't inform me what it is. That folks would put stock in "money" that they have zero idea about....who started it, why they did, or what could be done (most have zero idea) from the inside.....makes it perfectly clear what it is. Why not just admit it? I'll make it easy! "I don't want to work. I want my money for nothing and my chicks for free". This is nothing "modern". That folks put stock in "important people" (usually paid, but also easily fooled and selfish" saying great things about crypto is yet another infantile view. I didn't make it crash. I didn't make it be used for paying folks off and criminal activities and ransoms and pumping and dumping. But that is human nature - and if anyone here is cheering for those types of breakdowns of decent human nature so that they can profit, I promise that the costs will be higher than the profits. You can wave your cold wallet powered by batteries and solar panels above your head while viewing what's left after the bombs fall.....and I don't think you will feel good about it, even if U R a simple "bro", bro!
Well, SBF didn't really have personal access to that money. He had an estimated worth, that could change on a dime...and, as we all know, it certainly did LOL.
Nah. Theft is theft. How’d that theory work out for SBF my guy?
The article is not about SBF or FTX. It's about Satoshi Nakamoto and Bitcoin. It simply listed SBF in a list of blockchain promoters but not even that section of the paper was about SBF. Literally none of it is about SBF. And the Wikipedia references are just showing the readers who the list of people are.
That kind of logic fucked me last cycle cuz I thought the blue chip alts would at least return to near previous high. They didn’t, because crypto is universally clowned on now. NFTs and SBF killed it. Total market cap is plateaued. Only thing I would buy is bitcoin and even then, a potential 2x over the next 2-3 years til the next bull cycle isn’t even that great of a return. The salad days of crypto are over bro
SBF didn't have a direct lline to Gensler more than any other crypto CEO. In fact, SBF came in to the SEC to demand exemptions from the law and Gary told him to pound sand. I was there and this was publicly reported - [https://nymag.com/intelligencer/2023/02/gary-gensler-on-meeting-with-sbf-and-his-crypto-crackdown.html](https://nymag.com/intelligencer/2023/02/gary-gensler-on-meeting-with-sbf-and-his-crypto-crackdown.html) I don't know how you can possibly call Binance legit. Their CEO went to jail for money laundering. In the case we filed against Binance, we obtained a text from their top compliance officer telling CZ, "***we are operating*** as a fking unlicensed ***securities exchange*** in the ***USA bro***." Before I was asked to focus on crypto regulation, I spent 15 years in Congress fighting for Wall Street reform. That included bills to break up the banks, close the ILC loophole, limit derivatives activity, reining in private equity and private credit and require higher capital standards and less concentration in the financial industry. That's far from a comprehensive list. Education and financial literacy is exactly what the traditional financial industry always calls for in lieu of real regulation. Take it from someone who has worked in financial regulatory policy for 20 years - the crypto industry has become everything the original crypto pioneers hated about the financial system. I came to this space loving the technology and with a vendetta at the banking system that blew up the economy and destroyed my parents' retirement. The largest crypto players want the same system we have now - the real change they want is to be Jamie Dimon themselves. In addition to my work on crypto, I have been doing a lot on private credit. As my work on that becomes publicly available I'll try to remember to come back and share it here. If you want to follow my work please feel free to look me up. Corey Frayer - Director of Investor Protection - Consumer Federation of America.
OK kudos to you for remaining relatively clean. I think you'll agree you're the exception rather than the rule. Gary is back at MIT as an endowed chair, I hear he lectures about how crypto works, no thanks to him. I think the finance industry is in need of some serious reform too. It seems like SEC is mostly a paper tiger and/or an attack dog for opponents of big hedge funds and banks. In 2020-24, Crypto projects that were viable but required a US legal entity were killed in their sleep by fear of some big US government hammer. The arbitrary enforcement ensured that some of the brightest projects (ie Ethereum and Solana) wasted years and billions trying to "comply", and contorted themselves into knots for lawyers and pencil-pushers, all to adhere to laws that weren't even designed to apply to decentralized protocols. This US regulatory circus caused the rise of DeFi, which is now the locus of crypto fraud. USA had the unique distinction of being hostile to crypto innovation. We were on banlists with Sudan, North Korea, etc., just so crypto entrepreneurs and users wouldn't get threatening letters or worse. Legit companies like Binance set up straw man entities to adhere to silly rules that seemed to be invented on the spot. All of this was downright embarrassing to Silicon Valley. Yet somehow the most US-regulated crypto company in history, FTX, stole billions and cratered confidence and the entire crypto market. You must admit that's incredibly ironic. And we all know what happened, SBF and his insider family bought off the entire sitting administration. They didn't just steal crypto, they stole COVID relief money, and they laundered billions thru the Bahamas. Rumor has it half of the Ukraine Aid never made up Zelensky's ass and came back into the US via FTX. No serious investigations into fraudulent transactions at FTX by US Congressional reps was ever done. With the help of Caroline's dad's and Bankman's direct line to Gensler, SBF planned to monopolize crypto trading in the USA. Meanwhile Coinbase and Binance remained hamstrung in a toxic legal stew. After all of this nonsense, what is the best way to prevent crypto fraud? Education. I encourage you to expand your horizons and call out fraud inside the halls of Wall Street. I say that Saylor's MSTR is the biggest fraud in crypto, and Lutnick's Tether is a close second. And what is needed to make that fraud obsolete is to spread the word. Think of Trump's token, how much damage has it really done? People are smarter than they look. Finally, I hear that Credit Default Swaps are quietly being sold to offload toxic private lending and real estate debt. Never seen this movie since 2008. What can be done about it this time? Thanks.
Thanks for your comment. Obviously SBF shouldn't have been able to do what he did. And agree with you that crypto has learned lessons traditional finance learned 100 years ago too many times. But I also think you guys tried to sandwich brand new technology into regulations designed in the 20s in a way that didn't work. "Come in and register" wasn't a real path. Existing exchange registration was designed for stock exchanges like NASDAQ, with rules that didn't translate to crypto trading. Coinbase publicly proposed registration paths that the SEC declined to engage with. So the companies that tried to comply got sued. Re: stablecoins, I don't understand why we can't just regulate the companies issuing them and their underlying reserves (which is what GENIUS does). Everything else should be regulated too, which is what Clarity is sorting out. Biden admin went for the nuclear option which was always headscratching to me, as someone who believes this stuff has societally useful applications. Anyway, thanks for your comment, and I do understand that trying to regulate this stuff probably took years off your life 😄
"SBF had violated the cardinal rule of running an exchange. Don't touch the customer's money." The cardinal rule is that exchanges shouldn't even have the ability to touch customer money in the first place. In fact, that was central to every complaint I helped file at the Gensler SEC, including against Coinbase. Crypto is not immune to what we've learned about financial fraud and crises over the last 200 years, no financial instrument is. And yet the industry and community is advocating for laws and regulations that ignore those lessons. If you want to know where vertically integrated exchange platforms geared toward maximizing speculative trading end up, read about 1929. If you want to know about how private currency issuance like stablecoins end up, read up on the Willdcat Banking era from the 1830s-1860s. Complex derivatives that turn real world assets like real estate into fuel for financial speculation? 2008 crisis. Trying to guarantee that a real world asset like land remains genuinely linked to an electronic record? Read up on what was happening with MERS in 2010. This is what is knowable and predictable. Since you're in the industry, I'd urge you to read up on all of the above and do what you can from the inside before this all blows up in our faces.
“Probabilistic without causality is casino” is just wrong. You don’t need a full causal story to have an edge. Medicine, weather prediction, insurance premiums, and credit risk (to name a few) all work on probabilities with imperfect causality. And you contradict yourself: you dismiss charts as “narratives,” then push your own single-cause narrative (“AI liquidity squeeze forced founders to sell BTC”) with zero proof, counterfactual, or measurements. That’s not science: it's storytelling. No one claims candles are magic. They’re the market’s data record. Patterns are about odds and risk management, not certainty. The FTX/SBF jab is pure deflection. If you have evidence, quantify it. If not, don’t call statistics “casino” while trying to push an unsubstantiated deterministic story. And the Latin quote is just pretentious jargon, and honestly a pretty laughable attempt to sound smart in place of evidence. Haha
He meant after he got caught... he cooperated and admitted and people felt the remorse.. of course it was afterward he got caught but SBF fought till the very end and even got caught with witness tampering and more.
He likely went to one of those rich people prisons since his information on where he went isn't anywhere.... SBF got sent to one of the worst prisons because he tried to embarrass the courts.
Thank you. We were genuinely trying to do what was best for investors and the markets. Further - I don't know how any legitimate business would look at the securities laws that have made the US literally \*uncontested\* as the world's financial powerhouse and then fight against them. Strong regulation makes strong markets. Crypto CEOs sound literally IDENTICAL in their opposition to regulation as the exchange CEOs did in response to the 1934 Securities Exchange Act. Seriously, you can read tons of these letters on the SEC Historical Society site. It includes arguments against breaking up the functions of market intermediaries. [https://www.sechistorical.org/collection/papers/1930/1934\_0214\_ExchangeWhitneyT.pdf](https://www.sechistorical.org/collection/papers/1930/1934_0214_ExchangeWhitneyT.pdf) SBF got compared to JP Morgan but he was always the Richard Whitney of crypto. Whitney was CEO of NYSE from 1930 to 1935 and vehemently fought against securities regulation. He went to prison for massive fraud in 1938. He won't be the last but tons of retail crypto will lose money in the meantime. Sorry for rant.
His points are shallow. He argued that Bitcoin's code can't be trusted because SBF "changed" the code on FTX. SBF didn't change any code he just diverted funds, and even if he did change code, it has no bearing on BTC.
It is manipulated, clearly… I just wish that CZ would stop liquidating longs and start clearing out the shorts. In the FTX trial, SBF’s cohorts acknowledged his directive to keep BTC under $60K.
I believe this sub is 70%+ populated by ai bots programmed to try and hype up bitcoin. Activity and blocking behavior supports this. Once I realized this, the comments on this sub make a lot more sense. I was in crypto from 2017 to 2025. Saw two “cycles”. I am fully in stocks now. Socially, everyone HATES crypto and thinks of it as a scam. SBF ruined it for everyone. It will take time for that stink to wash off. BTC will pop again in 2027 based on how many buyers anticipate a 4 year cycle returning. But for the next 18-24 months BTC will trade sideways or down as it finds its bottom. Probably retesting previous ath for a while. I’m not wasting the next two years DCAing into bitcoin while its price remains steady. But what do I know? I only have a masters degree and over a decade of trading under my belt. The people commenting on this sub are cultish in their attitude toward btc and flame anything that doesn’t directly imply BTC is the best way to invest your money at this very second. Dead internet theory, it’s mostly bots, operated by whales to manipulate the price, as part of a larger campaign involving influencers and advertisements.
Sounds too good to be true. SBF might have a new roommate in the future.
When it dropped to 16k I was absolutely positive I would make a profit and put almost all my Roth into GBTC. Way too many institutional investors who had bought at higher levels to let it die at that point just because SBF didn't understand what corporate accounting was.
Litecoin holders have been absolutely rekt the past 2 cycles. Charlie Lee should be in prison with Do Kwon and SBF.
From SBF's family as a favor is required for a pardon.
SBF to be pardoned if he coughs up enough money to trump
Most of these clips are from 4-5 years ago. And if anyone interviewed SBF back then they would have thought it was going to zero too.
Yes he's an actor. Its crazy to think that he believes he knows more than people in finance that spent a lifetime studying markets such as Paul Tudor Jones etc. The funniest part was when he interviewed the leader of the whole industry SBF.
Remember when we sent SBF to prison for doing this?
Well looks like someone paid 500k recently… Yet SBF still rotting away in prison. If he was worth billions or millions gotta assume he would have already bought his way out. Last I heard about SBF’s finances he was broke AF.
I'd say the opposite. Anybody who thinks SBF isn't sitting on millions if not billions is beyond naive. What's the price of a pardon these days?
Would be funny to see Trump SBF and Diddy all sharing the same cell
This is FTX token's downfall all over again. SBF tried to use FTT as collateral for loans and the brand counters at LedgerX called them out. The cards came crashing down within 90 days.
Solana has mostly moved out of SBF shadow. It has 800 active voting validations and over 5000 total nodes. Youre stuck in 2022 with this narrative
worst scam since SBF and it was targeted to poor people. ZachXBT made a report about this as well and found that most individual bag holders are Koreans, this is due to the fact that people at Tools For Humanity purposely listed the coin in Korea without publishing a translated white paper for a long time and since Koreans mostly don't know English they fell for it (they did publish every marketing in Koreans before the white paper as well)... you can find a lot of the on CT complaining or shilling this over and over... in the end worldcoin is just a low float high FDV rugpull scheme with no value what so ever, it is beyond me how Atlman gives his name to this just cause he was friend with Blania... I suspect this goes way back and includes those so called "angel investments" schemes as well... honestly hope they all see jail with next admin.
I feel like very few people are talking about the lack of structural damage from this drawdown. Last bear market, SBF was convicted as a fraud, exchanges were liquidated, and there weren’t any real catalysts to pull it out for years. Now we have had no bankrupted exchanges (yet!), clarity act and institutional adoption is picking up daily (Morgan Stanley ETF, Franklin Templeton) clacclarClarity Act
I agree. I can only speak about the FTX melt down. The price was at the bottom for 5 months before the price fell another 25%, but it didn't last that long. There was a feeding frenzy and the price recovered in ~ 8 weeks. We have been at $67.5k ± 2.5k for two months, so it could be another 3 months if anything were to happen, but it would take an FTX level event - if it does they can bunk up with SBF.
Ymmv, but currently, I am waiting until it's around 45k, then I'll start DCAing. There's a CME gap at 20330 (left from Mar 10-13, 2023) that I think will probably be filled, but only by a wick. I've been in this since 2017. Wait until there is "blood in the streets," like after the SBF fiasco.
Look up the mit relationship with SBF family. The whole thing was a fried/gensler shit pie. Anyone else would have been nailed to the cross
Absolutely. Good parents discipline their kids and guide them when they're wrong. SBF's parents joined in on his scam.
I felt this way when bitcoin was 15k during the FTX SBF fiasco. I'm 50-50 on bitcoin moving forward, seems to double every 5 years now, will be really telling on the longterm when the next bull run hits.