Reddit Posts
Get your funds out ASAP once withdrawals become available on Binance
Sam Bankman-Fried (SBF) asked the US Supreme Court on Thursday to review his 2023 fraud conviction and 25-year sentence, the last legal door left open to him
Some hopium from a veteran of the 2022 bear market.
SBF and FTX: The Complete Breakdown of How $8 Billion in Customer Crypto Vanished
Is ZEC the next LUNA? From June 1–July 27, when the critical bug was disclosed and panic was highest, less than 1M ZEC moved. Since July 28, 3.3M ZEC has moved into Ironwood in just 16 days. That looks less like real users moving coins and more like an exploiter moving funds.
Where Did the $8 Billion Go? #cryptonews #storytime #ftx
Every major exchange and lender collapse from 2014 to 2023. The pattern is always the same.
Mt. Gox to FTX: a writeup of the major crypto custody collapses
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
4Q the year after cycle high, just like clockwork. only thing that changes are the catalysts. i'm glad SBF tanking the adjacent (coattail-riding) crypto industry isn't the problem this time. that felt too close for comfort. but in the end, honey badger dgaf.
I’ve seen it and I liked it bit I think people are misunderstanding the documentary. First of all, Ben isn’t saying he is sceptical on Bitcoin, he is sceptical on crypto and shows what happened to two or three crypto firms and even interviews SBF. On another occasion he goes to El Salvador and Bitcoin Beach to show nobody uses Bitcoin to pay, which imo isn’t a problem as i don’t see Bitcoin as a payment but rather as something similar to gold which a currency needs to reflect itself 1:1 on as the Bitcoin/Gold standard. It’s way to slow to be a payment for me but that’s another discussion. If you have an open mind I’d say go watch it as it’s not that bad and i personally thought afterwards this was good view to not invest in some shitcoin someone is selling because he promises a quick return.
Elizabeth Warren ran for Senate under a "Anti-Crypto Army" platform. To spin it like she's been reasonable and logical about crypto is kinda insane. You're pretending that like everything that happened under Joe Biden didn't happen. https://www.politico.com/news/2023/02/14/elizabeth-warren-anti-crypto-ftx-00082624 She was supporting legislation that if you people who make wallets have to KYC every user and crypto miners/validators need to KYC every transaction that they process. How do you spin that as: " the worst thing she said is to tax crypto trading the same as stock trading" And that doesn't even seem accurate because crypto is taxed like stocks since 2014 https://www.irs.gov/pub/irs-drop/n-14-21.pdf. Did you actually read what she was saying? >that the goblin was literally a Fascist wannabe. How the fuck are you going to fulfill the potential of decentralization with concentration of power? The US Senate doesn't control whether random tokens are decentralized or not. The president doesn't control every crypto token or network that exists and can make them centralized on a whim. Fascist leaders already exist and there are decentralized tokens. That's a weird connection to make. You make it out like the president can *touch* a blockchain and make it centralized and approve/reject every transaction or something. This sounds like more of that Elizabeth Warren thing where you probably halfway read something. Crypto in the US is in for an incredibly hard time. The people who cozied up to like a super villain (SBF and FTX) and when exposed, went ballistic and declared all players in the space to be super villains are back in control. The industry is back to *everything is a dogfight*. This is only positive for the industry are sayings like, "what doesn't kill you makes you stronger," and, "pressure builds diamonds."
Lmfao if you believe any of what this dark web money peddler loser tells you, you need Jesus. This guy got into crypto with his FTX buddy SBF doing shady crypto arbitrage with the Japanese markets. They became competitors so Cz outplayed SBF and now SBF is in prison. They basically were out-snitching each other on twitter and CZ won. CZ is still just a loser trafficker criminal retard that deserves public execution. He was/is a compliance gatekeeper for underground money including scams, fraud, drugs and human trafficking. If containers full of children make it from Asia to the West, his hands are 100% dirty.
It actually is true though. They co-signed FTX while suing Coinbase and Kraken. This is true. Maxine Waters is literally blowing kisses at SBF. Elizabeth Warren did run on an anti-crpto platform. All of these things happen. None of it is made up. You can goofle it and and literally see the pictures and campaign ads for yourself. They gave the most corrupt actors in the space the thumbs up while going after the most legit ones. I identify as liberal and progressive but my people have their head totally and completely up their ass for all things technology. If you want to argue that there are pros that I'm not seeing fine, but don't argue me that facts are fantasy and that things you can Google and prove in seconds to be facts are lies just because you don't like them.
>they’re able to cover everyone’s funds you mean they SAY they're able to cover everyone’s funds. Rumors are flying about fractional reserves so we may see some panic buying to cover customer withdrawals. Or, they could just default and go bankrupt. They could even try to exit like SBF.
crypto guys have been down bad since SBF and FTX so my guess is that she wasn’t
Ahh I remember SBF saying “all funds were covered” lmao fools.
SBF was also personally involved with the fraud and trying to delay, lie, and postpone the inevitable as long as possible.
What if we come to find out the hack was actually done by SBF himself...
excuse? The only way he could have made FTX suceed was if he dropped alameda but SBF was dumb he didn't create FTX to become rich he created FTX so he could trade through it with Alameda. The guy is not smart. What I am saying is that he was at a crossroads, because Alameda was in the negatives and they had no assets. So either he bankrupts alameda or steals customer funds. Did you not follow this situation? He was desperately trying to get investors into alameda by skewing their balance sheets to make them seem more profitable. There were only 2 choices, bankrupt alameda or steal funds. You can't just press pause on a business that owes hundreds of millions, and their lenders also started partially recalling loans putting more pressure on alameda. That's the fraud, that's the illegal activity. You can't just imagine up a world where SBF suddenly aqcuires a brain halfway through his business empire and randomly starts making sound business decisions when the entire strategy that got the seed money to start FTX was high risk trading.
You need to understand that SBF really only had two choices, go bankrupt due to alameda research or start stealing customer funds. SBF's problem was that he thought he was really smart and could just extract value out of markets with low effort.
Fingers crossed you're right. I take no joy in people losing their life savings. However if I had to guess I'd say Binance might not recover from this and rhat would be a crash that would make SBF's shenanigans look like child's play.
You don't try to build a financial megacorp being a saint. Dropping the ball here for him is sacrificing his long term plans. Its about being smart. Which SBF wasn't. Guy could be making yearly what he stole if he continued developing and consolidating the market; he went after the short-term gains, and even lost like the idiot he is lmao.
yeah, but the difference is that SBF was orchestrating the thing himself and just trying to delay investigations while he was moving the money. Binance is a behemot of a financial institution and probably plans to be the biggest corporation ever existed in all times lol, I really doubt they will be willing to lose their world domination plans for a 2% hack....
I wonder if SBF scam was throwing BTC off making it look better than it was and now that that scam is gone, it is no longer being thrown off.
Just a matter of time before this guy becomes just another convicted fraudster like SBF.
what are you on about? "We" didn't build any "guardrails". FTX was the most regulated crypto exchange in history, and it was the biggest scam. They bought the entire US government off through SBF's Harvard and Wall Street connections. If you think their "regulations" are to protect you, I have a bridge to sell you.
The SBF / FTX fud of 2022 was apocalyptic
Unironically I think this will happen. I wouldn’t be surprised a single bit if SBF gets out
I love how Democrats like to finger wag at trump when SBF was completely entrenched in the Democratic Party by the time his exchange blew up. Yes oc trump is a scam artist especially in the crypto space but dont let them forget how equally corrupt Democrats are
Look up Trump's crypto transactions. He stands to make millions if not more if this goes through. He's taken foreign money via cryptocurrency, he's launched rug pulls, I mean he's done everything except SBF everyone yet
Lewis’ book is fantastic. SBF is a moron.
SBF lawyer to Supreme Court: hey, you let this orange dreck scam people using crypto - why not my client?
Cant because CZ bribed him first to keep SBF in prison.
Im not sure SBF has enough money left to bribe the Trumps. CZ paid the consulting fee, had binance related engineers build out USD1 for Trump, and then some sort of UAE deal where they bought $2B of USD1 through binance. Idk what SBF has to offer and that's probably all that matters. Don't fret Ghislaine still has a puppy.
SBF and Alex Mashinsky were the most expensive financial literacy teachers in human history. Nothing beats a hardware wallet and 24 words on steel.
*Don't forget SBF and Celsius too. Nothing teaches a newcomer the importance of cold storage faster than a good old exchange collapse history lesson.*
These arent even tokenized stocks, theyre tokenized ideas of stocks that can be printed and manipulated at will SBF is doing time for this shit, Vlad is next
That “exchange co-ordination chat” that CZ threw SBF out of is pretty good I heard.
You mean SBF rug pulled it into oblivion
CZ fucking over SBF was one of the highlights of the last cycle.
Someone smuggled SBF a phone in prison
China banning anything crypto related is comical. SBF getting parole should have no influence on anything in the market.
Don't forget about the death cross, China banning cryptomining and SBF getting parole
Next time instead of "SBF" just say FTX ffs, not everyone needs to know all your shitty acronyms
SBF approves this post. You can do what you want OP. Just remember ftx, celsius, voyager, mt.gox, quadriga and many, many mor
Yeah.. CZ pled guilty without a trial. SBF, mashinsky, and most other crypto frauds wasted the courts time when they were clearly guilty.
SBF lied on so many levels. CZ took a charge that realistically happens at all major financial institutions. You can keep trying though
I’m pretty sure SBF was banned forever, no?
trump was the worst thing that happened to crypto, might as well pardon SBF while he's at it.
SBF is in jail for 20 years. Anyway the true reason the bill failed is Financial firms don't want any competition with your banked dollars. They hate stable coins especially.
No other black eyes or fat lips? Crypto has had its whole face kicked in. Only Trump gets blame? Not SBF?
The evidence so far looks like it points to it being an inside job, and thats just the evidence so far. As the months pass more and more evidence will surface confirming it was an inside job. The executive team at coinkite are as vile as SBF.
Funny thing is, that they all went to prison shortly after. SBF, DoKwon and CZ. Only CZ got pardoned for his excellent ties to DJT
Nah, if you look historically, I would almost turn that around. Don’t attribute to incompetence what can be attributed to malice. SBF was malicious, not incompetent. That QuadrigaCX CEO was malicious, not incompetent. I think there has been a lot more malice than incompetence in this space, historically.
SBF or CZ? I can’t remember
SBF stole $9billion He should’ve received multiple life sentences like the Silk Road guy.
Well check SBF he was sentenced to 25 years.. so idk about that...
SBF still wondering how he can buy his way out of jail.
Yeah him, he was a big grifter about FTX time and that chinese girl that lacked relevance apart from reporting on SBF think her grift has changed to AI while she waits for quantum and does not age.
It's ALWAYS democrats committing the fraud, starting with SBF, from top to bottom. Sad that Trump is letting them get away. Makes sense though .... he's a former dim-rat and obvious crook who pardoned career criminal democrat Blowjob-O-Vich.
SBF's dad went to school with Gary Gensler, and his mom was in charge of some COVID grifting nonprofit. Total insiders. FTX never would've gotten off the ground without some serious backroom dealings with the Biden admin.
Exactly. Sam stole his clients money to gamble. That could be with any business, you won't know unless you are able to see the books,etc. SBF and everyone else got off pretty good. I've known people that did a decade for selling weed vs SBF and his staff that stole billions and most of them just got a slap on the wrist. Hell, I'd probably get in more trouble if I stole a few thousand from someone vs most of the ftx stealing billions.
Nothing funny about it. Memecoins have always been the same p&d playbook. Everyone saw that coming a mile away. There was no fraud. Everyone knew it was speculative and value could be lost. SBF legitimately stole funds under false pretense. He "sold" bitcoin that never existed yet took money from his victims. He committed fraud and theft on a massive scale, operated an actual ponzi scheme, and sold fake "paper" bitcoin that were never actually purchased.
I don't know or care why. But SBF deserves the hate. He's a truly despicable person and has no place in polite society.
SBF #2 donor to Biden. Interesting perspective read Michael Lewis ***Going Infinite: The Rise and Fall of a New Tycoon***
We’re only hearing about this because SBF followed the traditional protocol for a pardon. Did the other pardons actually go through the process of a pardon application? I thought they just donated some money to Trump and he pardoned them.
Getting Senate to agree on something unanimously is a miracle, SBF managed to unite them in pure hatred. Incredible achievement.
Huh? Not even sure what "web 3" is, and sure, if someone gains physical access to your dongle then it is indeed vulnerable, but I'd rather extend my risk in that direction than some exchange staffed by socially failed geeks (thinking SBF here).
The POTUS ran a ponzie scheme with a meme cryptocurrency that provides zero utility for any use case at all, and the rug pulled the retail buyers. He should be in jail with SBF.
FUCK SBF in particular. Lost my job at a totally separate company because of what he did (basically dropped an atom bomb on the industry).
Everybody comparing Saylor to SBF just got reminded of what's different. A trivial matter of $51 billion in real Bitcoin owned. 🤣
> Is he gonna be the next SBF? Wait, what do you think SBF did...?
Where’s the money coming from? Is he gonna be the next SBF?
Hard to believe people who held through FTX collapse and SBF becoming a legendary fraud are remotely worried right now.
“Lie”? I didn’t know you had a specific goal post in mind. It was posted a few days after fraud was revealed, but before FTX went bankrupt and before SBF was charged. Obviously people mostly post about things when something unusual or alarming happens.
He's pretty shit, but he still isn't a SBF level complete waste of life.
You are not taking into account the fact that huge number of people investing in crypto were already scanmed, robbed or other way lost money. Nobody normal really wants to buy more. And the only reason to buy crypto is to sell it later to the next fool with profit. If you know that it will be hard to sell it later, you are not going to but now, are you? Ai took money away, sure, but too many people lost money on crypto robbed by people like SBF and other scammers. Only biggest scammers earn money in crypto these days.
Yep, seeing lots of organized FUD. Nothing stopping the shorts. Bet even SBF is pulling Jane Street tactics in his cell at this very moment.
I swear, he will eventually be thought of in the same way as SBF
SBF was giving interviews when FTX was already just debris.
fair point, SBF too. scammers come in all flavors lol
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