Reddit Posts
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
BNB, because Binance is so shady. I prefer FTX. That SBF guy is such a smart guy. I trust him with my entire portfolio! Not like the _shady_ Binance.
Yeah better to use FTX. That SBF looks like a pretty smart and trustworthy fella.
Straight out of the SBF playbook
I don't like SOL for a number of reasons. First, the network sucks, they halt all the time. Second, running a Solana validator requires like a professional data center setup and it is insanely expensive. Third, SBF was investing a lot in Solana, which is not good just by itself and FTX estate has like a ton of SOL that is going to vest/unfreeze at some point and it will be dumped on the market. ETH is not ideal, but it did OK on all those points above: no halts, smooth operation even when merging or forking, running a validator is cheap and super easy, no links to shady exchanges, at least nothing intentional and hey, we now have spot ETH ETFs which will be soon adding staking. and we have ETH treasury companies. ETH is likely going to pump in a big way stablecoins run on both, so on that point it is probably a tie
Considering SBF is gunning for a pardon, this doesn’t shock me.
It was purely market manipulation by SBF. All of the information on how they created futures relaunch, inflated the price that way. And then shorted it all the way is public
They actually didn’t. You can look at the wallets it’s all public information. If you don’t know why the coin behaved that way when it launched you need to do some research. It’s not hard to find out what happen. Crazy that ppl still don’t know what Terra luna and SBF did to icp
its not as easy as you make out. sure nothing changed about bitcoin itself but you are talking about an era where guys like saylor didnt exist and institutions & countries werent buying billions worth of it every week. major political figures saw it as this internet fad that would go away. The sentiment now in 2025 towards btc is much different back then. It's accepted as a store of value now because it is. Back then few knew for sure. not to mention theres been black swan events. china ban, worry about other countries following, SBF/2022 causing a -70% dip. it's easy to look back at a certain point with it being at an ATH and being like "damn i couldve been rich" but
you lost me on SOL I'd say mostly BTC, with maybe a bit of ETH for fun no SOL, no SBF, no XRP
Oh the project could well be dead by then, I know. People don't much value technology in this space at all, just memecoins and airdrops. Dfinity made some terrible "if we build it they will come" presumptions back in 2016 while having more fixed costs than other projects, got absolutely boned by SBF at launch, all that on top of a ludicrous market that's sent FART into the billion cap club and reveres SOL despite them literally turning the chain off 8 times, all because that's where their memecoins and airdrops are farmed and gambled on. But you thinking Dfinity is a marketing scam chain is obscenely stupid given the death of marketing, plus Vitalik holding Dfinity in very high regard and having worked on stuff with Dominic in the past.
Do Kwon, Mashitsky and SBF walk into a bar...
If he had access to leverage i'd say SBF
Solana was SBF's playground for lining his pockets. He shilled it knowing the technology was crap. Untold down time and massively centralised. Ethereum wins hands down on fundamentals
SBF was such an utter piece of shit. Just an absolute cunt of a person. Whatever he ends up serving is too lenient. Never had any intention of even trying to do the right thing. Morally bereft with nothing approaching a redeeming feature.
Because a lot of shit pumped earlier than expected (coinciding with ai boom) back in 2023 and 2024 but a lot of our favorite alts ain’t doing much. The vc scams already had their yuge pumps and Solana saw like a 30x from its bottom (bottom around the time of the SBF thing).
Soylana is an insider corporate scam with extremely high inflation. Do you like getting dumped in by SBF?
tldr; Sam Bankman-Fried's (SBF) appeal hearing is set to begin the week of November 3, 2025, two years after his conviction on seven counts of fraud and conspiracy related to the collapse of the FTX exchange. SBF was sentenced to 25 years in prison in March 2024. His legal team is challenging the trial's fairness, evidence handling, and procedural issues, aiming for a new trial or reversal. If the Second Circuit upholds the conviction, SBF's options will narrow to rare legal reviews or appeals to the U.S. Supreme Court. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Every years low is higher than the previous except for 22 and 23. You could argue that was Covid/SBF related. I suspect the low will continue to rise each year. 26 will likely see a 100k+ low.
Lol ur saying the same thing people said about SBF before thr FTX collapse
In 2022 Sam Bankman Fried gave 100 million dollars of OTHERS peoples money to Biden and Elizabeth Warren. SBF was trying to effect legislation and contacts to benefit himself. SBFs scheme fell apart before he could buy the last politician. BTC dropped to 15k and investors were shocked that their accounts had been emptied and then frozen in litigation. SBF set the industry back for years. In June 2024, David Sacks and Chamath held a fund raiser in San Francisco for Trump. It was sold out and they raised 12 million dollars. The Crypto industry is filled with smart and intelligent people, they raised 160 million for the 2024 election cycle, I think they did well. Ironically, the Dems would not return the political donations.
Yes. Blackrock is a large financial institutional that manages a fund that is 100% Bitcoin +/- and cash coming in or out on any given day. Individuals buy or sell shares and get their proportional share of the overall fund. Several firms have similar such funds. Unlike crypto exchanges that don’t have same regulations the assets are held completely separate from the firm’s assets. (Note: this lack of segregation is what led to FTX collapse and SBF now wearing a striped jumpsuit). Should Blackrock fail these assets would still be there for clients to take elsewhere. If Blackrock absconds with client $$$. Individuals accounts have up to $500k in insurance per account.
In 2022 Sam Bankman Fried gave 100 million of OTHER people’s money to the Biden administration, Elizabeth Warren and predominantly Dem politicians. SBF was trying to effect legislation and influence to benefit himself. SBFs scheme collapsed before he could buy the last politician. BTC sank to 15k and the thought of investors getting their BTC stolen or frozen set the industry back years. In June 2024, David Sacks and Chamath held a fund raiser for Trump in San Francisco, it was sold out and they raised 12 million dollars. The Crypto industry raised 160 million in the 2024 election cycle to elect better informed and smarter politicians. Six months ago, the industry had Gary Gensler and Elizabeth Warrens CFTC obstructing and de-monetizing the Cryptocurrency Industry. Silvergate Bank was shut down and the Winkelvoss twins were down to their last checking account. The Biden administration had sent out 24 “pause letters “ to choke off the industry. In the last 6 months you have had the Genius Act and other legislation to clarify Crypto regulations. Since election night 2024, Bitcoin has risen 45%, the industry is helping all of us.
I'd argue that the blockchain is the worst place to try to run FTX style crime. Sam tried to save Alameda and within a few months was exposed. Enron and Madoff went years longer but weren't discovered. I'd argue that the blockchain enabled Twitter sleuths to call out SBF's shit. Also, those economic crashes are kind of healthy. They allow new people to get in at good prices. They flush out leverage. "When the tide goes in you find out who's swimming naked". How much fraud is in our current system? We haven't found out because when the tide goes in, we print off hundreds of billions of dollars and make everyone whole. "Too big to fail" is the biggest scam in history.
No. One of their newly purchased subsidiaries, a US based BTC options exchange that was federally regulated (the ONLY exchange you could take BTC loans on w/ out buying ETFs which was destroyed by SBF), got a look at FTX books and their compliance department was federally required to report to the CFTC/SEC/FBI that FTX didn't have \_any\_ controls or books of record. That subsidiary has since been bought and is now part of the ETF options ecosystem which essentially feeds more money to US middleman. All thanks to SBF, the lying wanker.
This starts by comparing Roman Storm to SBF and other scammers. Complete bullshit.
In 2022 Sam Bankman Fried was giving 100 million of OTHER peoples money to Elizabeth Warren and primarily DNC politicians. SBF was attempting to effect legislation and influence to help himself. The scheme fell apart and BTC dropped to 15k, ironically, the politicians didn’t return the political donations. Elizabeth Warren and her party were not smart enough to build and create something in the Crypto space. Warren and her party tend to enrich themselves by 1) political donations. 2) pre IPO stock allocations. 3) jobs for their family and donors. 4) speaking fees. The rage is not that the White House has turned on the “Crypto Cash Machine “, it is that she is not in on it.
In 2022, Sam Bankman Fried gave 100 million dollars of OTHER peoples money to primarily Democrats. SBF was trying to buy influence and legislation to benefit himself. Bankman Frieds fraud collapsed while he was taking pictures with Liz Warren and the Bidens. The fear of the depositors stolen funds drove Bitcoin to 15,000, SBF set Crypto back years. The good thing about the Crypto industry is that they are smart and informed. David Sacks and Chamath had a fund raiser for Trump in June 2024, they raised 12 million dollars. The Crypto industry raised 160 million in 2024 for Crypto educated and experienced politicians. The Trump administration has several members from the Crypto industry. Since election night 2024, Bitcoin is up 45%, the industry picked well.
Coinbase keeps falling over themselves to give the Trump admin donations for all sorts of things. Same goes for the Winklevoss Twins. This feels a lot like when Google removed the "do no harm" from their motto, and starting installing government taps in their server rooms directly. Deciphering the blockchain is a whole lot easier when you've got the two largest exchanges onboard to share IDs, inbound addresses, etc. And then have a ton of historical data from SBF and CZ.
I still watch that SBF video on LinkedIn every now and then. The one that says he’s a generous person and cringe 😬 a smirky laugh. What a F* crook. Their hollow newsletter is offline: blog .ftx. com Recently, Nas Daily, the famous vlogging channel run by Nuseir Yassin, published a video about Sam Bankman Fried that attracted much attention. Sam is a 29-year old billionaire living in the Bahamas who, in that video, was termed the most generous billionaire in the world. Despite having a net worth of 22 billion dollars, he shares his room with 10 other roommates. Despite being extremely rich, Sam doesn’t feel like living a life of luxury, rather he wants to use his money for charitable purposes in order to improve the life of the downtrodden people. Sam dreamt of becoming quite rich from his childhood but not for the reasons most people want to get rich. Sam had a totally different reason. He wanted to give all his money to charity. After graduating from the prestigious Massachusetts Institute of Technology, Sam embarked on a journey towards wealth. Due to his shrewdness, Sam got involved in Bitcoin trading and later on, became a full-time crypto trader. He created his own company later for cryptocurrency trading known as FTX, and later on, this FTX became one of the biggest and most successful places to trade cryptocurrency within a very short period of time. His company went on to become worth over 40 billion dollars. This all happened when Sam was still in his 20's. In fact, he has still not reached 30 yet. But contrary to the money hungry traditional billionaires, Sam's philosophy on life is totally different. He likes to earn in order to give the money away for the helpless people. In Sam's own words ‘Earning’ to give refers to the causes and charities that save the most lives per dollar. In 2021, Sam donated 50 million dollars and from this year onwards, he plans to give away 500 million dollars per year. He even has a goal set for the amount that he is going to give away next decade and it is more than 10 billion dollars. He wants to do the most good to the world in his ability and he is funding for the cause of some of the biggest events in earth like global warming, precautions and preparedness for the Coronavirus pandemic, the overlooked diseases of the tropical regions and Animal Welfare, the last one is the reason for which Sam plans to remain a vegan. Sam, despite his wealth, still uses a Toyota Corolla car and has no intention of changing it anytime in the future. Sam is a glowing example for Billionaires across the world i.e. earning a lot of money can translate to helping a lot of people around the world.
Well ya we’d love that. But… in my experience it’ll shoot up quicky to ATH hover there just long enough to tempt exit liquidity, double top, and the dump will commence even faster than the parabolic run up. If you’re here to make money, make sure you do that. If you’re here to hold sui for another 4-8 years and really explore the ecosystem with it go for it. Me personally I go into cash when it feels like new paradigm such and such crypto will change everything. Zig while everyone zags, it’s simple, just not always easy. Anyone remember when SBF happened? BTC was 14k started buying it again, average cost this cycle was 26k sold at 100k moved into with hopes of the alt seas… we shall see, I’m up now but would like to hold until ATH at least before scale out of it.
In 2023 Sam Bankman Fried donated 100 million of OTHER people’s money’s to mostly Democrat politicians. SBF was attempting to influence legislation and influence to help himself. SBF’s collapse was swift and he never had time to effect change. The Democrats politicians didn’t even return the stolen funds. The Democratic Party tends to want 1) political contributions 2) stock allocations on IPOs 3) speaking fees 4) jobs for their families. Since the DNC was not allowed to monitize the Crypto industry, they are attempting to slow or delay the industry. In June 2024, David Sacks and Chamath held a fund raiser for Donald Trump in San Francisco, they sold the fund raiser out and raised 12 million for Trump. The Crypto industry raised 160 million in 2024 to elect a better educated and better informed administration. Six months ago you had Gary Gensler, and Liz Warrens CFTC putting pressure on the banking industry and the crypto industry. We now have JD Vance, Lutnick, David Sacks and Cynthia Loomis driving innovation and leadership on a national stage.
SBF was a blue team plant to inflate, discredit and then destroy crypto. he was a useful idiot. it almost worked but ultimately just made it more obvious that BTC was the superior neutral money and most everything else was a shitcoin. stable coins are also shitcoins, but they will help the US sell more debt to more people who will prefer it over local currency for savings and enjoy the lower friction of being digital for payments.
That's impossible there's not a make up artist in this universe to make her look that ugly. They gonna have to run her face down through a cactus field up and down the himalayas through a gazillion pot holes and an industrial steel press to even get a remote likeness. Fucking hell even SBF is finding his prison inmates supermodels compared to that butt ugly mug.
I think it's also a bit of "the repubs like it so we must hate it" kind of thing - crypto went in big for Trump last election so according to tribal logic it must be bad to blue team. Also the crypto values of uncancellability and free speech don't really fit the nanny state ethos of blue team, which is full of expert trusters and multiple vax booster acquirers. Probably why they were down on it from the beginning and why crypto ended up going for Trump. You'll recall that originally, SBF was the givingest guy ever to blue team. Maybe because of him, maybe because of the values thing, blue team has really ended up hating crypto, which is admittedly full of shitcoins
Fraud is the answer. Justin Sun is pretty much SBF 2.0 waiting to happen.
They said the same thing about SBF
SBF will make Sol never gain legitimacy. ETH is expensive to use. I don't really care about ADA, but I do care about the crypto space. Came here to see if ADA offers anything by way of speed, anonymity, and defi that's different than anyone else, because I agree, they can't just keep taking the Steve Jobs approach and hoping people will buy in. You gotta deliver a product eventually.
TRX is shady, so is huobi and fucking Justin.. not a surprise the most USDT was minted on TRX…and if you’ll remember…Alameda research at one point held a massive amount of USDT..Aka, FTX and our boy SBF…totally cool though…
SBF's whole origin story is extremely sus. Including this.
Maybe you got into crypto this year, but if so you missed a lot. From SBF getting the campaign finance charges dropped, Wells Notices for everyone from Uniswap to Coinbase, endless lawsuits, debanking, Roman Storm prosecution, IRS broker rule, shutdown of Signature Bank, SigNet being thrown away. The Biden admin was absolutely insanely against crypto.
Last time I played loan games with Gemini, SBF took off with the bag and Gemini took nearly 2 years to return my funds. Kick me once…
I would need to know more about your personal finances and your life to give you an answer. But I’ll tell you that I continuously borrow money to buy BTC and it’s worked amazingly well for me. First time I did it was following the FTX/SBF scam so BTC dropped bad down to $17k. I took out a $17k personal loan and bought a whole coin. Then I took out zero % credit cards and put life expenses on those while investing the cash I would have spent on life. So those are basically BTC backed credit cards. I roll over after the 0% period is done. 3% each rollover so as long as BTC gains 3% a year, I’m winning. Easy math. Lastly, a couple months ago I found out I could take a line of credit against my BOA credit card. So I did. Borrowed another $18k and threw it all in BTC. The strategy works but you can’t bitch up and start fearing the debt. If you sell your BTC to pay the debt off, then you failed. So my personal finances & budget comes down to this… make enough money to service the debt and if I never have to touch the BTC then I can’t lose.
Fuck that prick Mashinsky he gonna rot in prison with SBF and be some overweight hillbillys prison bitch. Will be good if screwed over clients get something out of this, but most likely get eaten away with lawyer fees and tax. But good to know there's potential for another distribution.
The volatility can be unsettling though. Imagine feeling good as SBF drove the price up to $70k and then it blew up for two years... That's the opposite of your idea. Paid is paid. I wouldn't sell all my Bitcoin, but a piece of it for ownership... Sure.
Did you even buy bitcoin when it was at 16k? I knew a few irl friends who did lol, there was so much negative news around that time from the SBF trial and the economy not doing too well.
>“TRON’s success is grounded in its alignment with the core values of crypto—openness, user empowerment, and real-world utility,” said Justin Sun, founder of TRON. “USDT on TRON has become the go-to choice for millions of people because it works—it’s fast, efficient, and easy to use. NGL he’s as tough as a roach. Look at all the founders from the same era: SBF, Zhu Su, CZ, and Do Kwon all got taken in, yet he is the only one who hasnt, and on top of that, TRON group just went public via a reverse merger. He really has some exceptional skills navigating both the crypto space and China/US politics.
SBF, you reading this?
I think SBF and Alameda was responsible for much of the 2021 alt coin bubbble, and he ain't around no more.
Huh? Buddy; the problems are already here. What could decentralized assets do? *More transparency, better security if used correctly, and more accessibility.* This is just a few things. There are benefits here. If you don’t understand the decentralized aspects of crypto, and just view it as digital tokens that are easy money; that is not even a surface level understanding of Crypto, ***that is not understanding Crypto.*** As far as scams go, yes, you’ll have people like SBF, but we’ve also had Bernie Madoff.
Theyre back to scam you. Reminder, that theyre behind Pyth oracles, created in collaboration with SBF ( FTX + Alameda research) and wormhole [responsible for this](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/). They thought you forgot. Nothing to see here. Move on guys, it was only 1 billion dollars plus 320M from wormhole.
I’m pretty sure BlockFi itself was a solid product they were just grouped up with bad companies such as the companies SBF ran
Also, if you are rich you can weather an 80% loss for a year or two if FTX2:SBF Boogaloo happens (or is that MtGOX 3.0?)
Sun is the next SBF to be crucified in this industry.
Crypto died with SBF and Terra Luna collapse . Most of the bull markets and decent pumps happened under Trump actually. Crypto will die with a wimper XMR a few others and stable coins will stay . BTC will be corporate grift coin until is no longer useful.. good luck
Mid 20k - Mid 30k is more realistic, and even then it'll take a market meltdown like with the SBF incident to get it that low
Yup he deserves more so does SBF fuck those guys.
Yeah, until you move it on the chain it is just a ledger move for any of the exchanges. This is on of the reasons people preach moving you Sats of the exchanges. SBF would have had a harder time doing what FTX did if collectively people had moved to cold storage.
How much was SBF responsible for the 2021 alt season?
Mallers is going to be the next SBF.
Or dude is just running a Ponzi scheme and needs people to keep giving him money to “buy more Bitcoin” that he refuses to verify. Time will tell. With SBF and CZ neutered I guess crypto needs a new villain to write stories about soon enough.
SBF is also a kid who happened to have tons of financial and legal support from mom and dad. I imagine he was a very smart kid, but lacked wisdom to avoid these stupid choices. I don’t think anyone expected him to be capable of doing the dumb shit he did. Most people who look at Saylor see someone who is smart, level-headed, and yet possessing incredible conviction. He has had a spotty background though. I think over-leveraging himself to the point of insolvency and making it someone else’s problem (all BTC owners, his lenders, etc) while he is personally relatively insulated by his personal wealth would be pretty typical. He knows enough to keep himself out of jail, while maximizing his profit and minimizing his personal risk by making it someone else’s risk. Any real profit at this stage are just the icing and cherry on top for him.
The biggest thing SBF did was paper trade coins he didn't have. He did this for years before being force liquidated and then couldn't cover. This is most likely already happening on a large scale right now. We just have to wait until the right (or wrong) people are forced to show their holdings to see who is doing it now.
Yeah, he was playing supporting Democrats while Biden was in power. But the truth is different when you look deeper: * [**Sam Bankman-Fried Floated ‘Coming Out’ as a Republican on Tucker Carlson** After FTX Collapse SBF's brainstorming notes included lines like **"Come out against the woke agenda."**](https://gizmodo.com/sbf-floated-coming-out-republican-tucker-carlson-1851340731) (March 15, 2024) * [**Sam Bankman-Fried Wants a Trump Pardon**. Sadly, There’s a Good Chance He’ll Get It. The disgraced **crypto fraudster appeared on Tucker Carlson’s show** to make his case.](https://slate.com/technology/2025/03/sam-bankman-fried-ftx-tucker-carlson-trump-pardon-crypto.html) (March 10, 2025) * [**SBF claims he gave tens of millions in untraceable donations to Republicans: “All my Republican donations were dark,”** he said, referring to political donations that are not publicly disclosed in FEC filings. ](https://time.com/6241262/sam-bankman-fried-political-donations/)(December 14, 2022)
I doubt Saylor is up to SBF type shenanigans. But this bull has been all BTC (thus far) and if his star reverses it's ascendance it could turn the market bad. Oh, and it'll be in '26. '27 will be time to start buying again.
No. The villains were those who people didn't predict. I remember everyone cheering SBF here as the crypto saint who also offered huge donations to the Democratic party.
I feel like either Jack Mallers or Michael Saylor are going to turn out to be the new villain in the next bear market. Like Mashinksy or SBF but a 2027 reboot. All new cycle, all new heroes, all new villains. Same sats. Summer 2027 stay tuned .
Funded by SBF's goblin girlfriend, to do what with Pepe?
That would have been me if it wasn’t for all of my crypto being in FTX…. I literally bought at the bottom of the 2022 bear market and got robbed by SBF
The actress is playing SBF, while the actor is the troll “women”
They backing up their peg with… Bitcoin? That’s some SBF shit.
Trump not gonna pardon a guy who hates him. SBF literally held an anti trump meme coin on ftx balance sheet.
No wanting to change laws that currently limit. Restitution doesn't suddenly make it retribution. That's nothing but the appeal to authority/ appeal to tradition fallacy. Right now we don't focus on restitution that much at all. We are focused on rehabilitation first and then restitution and then lastly punishment but it's not that far between those last two. I want restitution, moved to the front and then rehabilitation and then punishment not really much of a consideration. But apparently you can't even imagine a different framework than the current one? What restitution first looks like is taking a consequentialist view, not caring as much about what the person intended and if they changed their tune but more about what harms did they cause and did they pay those harms back? Yeah if you do something like SBF did that means he owes a life debt to many people. Get working. That's what restitution first means.
She also wont get to play "pin the weasel" in the bean bag forts with SBF anymore.
Finally (and I can't believe I am defending SBF, what a piece of shit) SBF said right when the whole thing collapsed that there were enough assets to make everyone whole, right away and he said it should all be done, immediately So it wasn't because of BTC gains that everyone can be "made whole" but the entire thing dragging through the courts and everything being frozen. If the law had acted faster or worked faster, people would have gotten their compensation BTC or money and could have just rebought BTC If SBF was right that everyone could have been made whole right then and there the day of his arrest or TV interviews right at the beginning, then really the law fucked with everyone and destroyed their deposits
This is a problem with laws, not SBF. If you use any exchange, at any time, if it goes bankrupt the law would force the exchange to pay you back with money at point in time, not the asset. It's assumed that money is fungible and you can just rebuy what you lost, but obviously that's not the case. You could argue that's simply the nature of using exchanges or businesses holding your property in escrow and an assumed risk. There's also problems with what you say about "restitution not retribution". There is a point where additional punishment is retribution, and saying someone has to pay back every single cent with no "outs" for the rest of their entire lives is definitely retribution. It's no different than saying you can't go bankrupt to grift a credit card company out of all their owed money because they deserve "restitution" for all the money they loaned you. You could make a modification to bankruptcy laws whereby if an asset increased tremendously in value and is still under control of the bankruptcy trustee, the creditors receive the difference. But presumably this is already dealt with since they are secured creditors (secured by asset). So you would need a special condition in case of fraud or loss of the property. But that only matters if the bankruptcy trustee possesses the said asset. If it's actually gone, or the majority of it gone then it doesn't matter because he has nothing to work with. Of course I agree that the money should be chased to the ends of the Earth, but if the money is gone forever then it's gone and looking for someone to jail is definitely retribution. That's the point of the corporate veil, protection against the officers of the company and so on. Yes, you can pierce it in the case of fraud, but after bankruptcy it is game over. That's the risk you take handing your property to a third party. You can sue, but then if the individual doesn't have any money, you can't get anyone to enforce the judgment. That goes for everything, not just crypto. A guy just tortured a crypto scammer for days. In his mind it was restoration, not retribution and all the person had to do was give up his crypto passwords. So there's a line that you can't cross. Torture, cruel and unusual punishments (lifetime punishments) and so on all can't be done. Because -- it's just money. ETF holders beware. This all applies to you too and there will be no government bailout.
Ackman is one of those people that proved that just because you’re wealthy doesn’t mean you’re necessarily smart. There’s a private subreddit for investing and I ended up thrown out by their mod because I told people Musk would be forced to buy twitter and you could get rich buying calls. I’m a lawyer and figured out exactly what was coming. Some people just worship musk, ackman, and that entire crew of morons like every mistake and lie they tell is 7 dimensional chess. Same thing happened with SBF.
I bet they get pardoned, SBF might get Fed Chair in Trumps 3rd term.
SBF gets 25 years for an $11 billion fraud but could be out in under 21 thanks to good behavior credits. Meanwhile, his co-conspirator Ellison serves just two years???? Feels like a slap on the wrist for one of crypto’s biggest scams
I remember arguing with people on Twitter that he'd ultimately end up with a slap on the wrist. These same people also hero worship Bill Ackman and Kevin O'Leary who said what SBF did wasn't so bad. I hate what crypto has become because unprincipled people took over important positions.
This. It was the FBI that charged BM and SBF.
Absolutely. This happened so fast IMO. Buying during covid when prices were tanking and people were fearful. Now to not only 100k but 110k?!! I miss stacking during those days when there was so much FUD due to the pandemic and then the SBF debacle to suddenly the ETFs coming into play. It just happened so fast and yet many are still skeptical and missing the signs of how early we still are before you blink and we are at 1 Million a coin before 2030
I think it's commonly accepted that Bitcoin could and would have gotten to 100k if it weren't for frauds like SBF shorting the ever loving shit out of Bitcoin like their lives depended on it. I don't think that level of fraud is possible today, partly because wall street has wised up and partly because it would take something like coinbase imploding to cause that big of a disruption.
That cycle was severely stunted by absolutely catastrophic amounts of shorting and fraud from SBF and similar fuckwads. So no, unless there's equivalent fraud, there shouldn't be any reason why we get a repeat of last cycle. For that to happen I think coinbase itself would have to implode and lose the coins that IBIT, etc. let them manage.
Since when Billion dollar corporations started to care about legal or not legal,as long as they are keeping the right people happy,they won't be touched. Just like SBF,he kept the right people happy for a while but then pissed them off.See what happened with him.
Does this explain the kisses she was blowing to SBF a few years back? She can start a meme coin, too…. If he didn’t have his meme coin, he would have DJT stock. No reason to react by banning digital assets from government. I am sure AOC might have something for a 2028 run if digital assets continue to attract attention. Brad Sherman and Elizabeth Warren are going to have to return to their banker handlers and tell them they failed.
I hope he rots in jail with SBF.
John Karony 🤝 SBF 🤝 Alex Mashinsky
I personally don't think so anymore. Capital is flowing into Bitcoin, and the major players driving its price don’t seem interested in the altcoin "casino." Back in 2021, you had people like SBF shorting BTC and pumping alts, all while everyone was stuck at home during COVID. This cycle feels completely different — there doesn’t seem to be much appetite for altcoins at all.
Most of the CEOs like him,SBF are remorse-less liars,
Yup, agree with you there. The $5k limit to transfer off is annoying as hell though. I started moving off RH after they finally implemented their wallet to wallet transfers, got a bit lazy, and then SBF hit. I was in Mexico trying to move 3btc off RH. Took me 3 weeks lol.
I mean look at some of these crypto billionaires Do Kwon, SBF, CZ etc. do any of these people look like they could put up a fight?
There is no shocks until there is. If there is paper sold to these big buyers then there will be point where they see that more is being sold than exists and it's game of who pulls their coins before it's too late. There will be big dip again like SBF times but then it will be corrected and some extra when we are closer to the real value in supply.
It will freeze and it will need SBF to unfreeze them