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
FTX was very popular too. Hopefully Jake Cormack can be put in prison like SBF.
Many of us opposed SBF and thought he was a bad actor before he was famous, and long before he was caught.
It's worth considering that this was the conventional wisdom with regard to SBF/FTX as late as October 2022. With the benefit of hindsight you're going to be able to point me to people who were suspicious at the time but it was - objectively - a very uncommon opinion. That is all to say - when evaluating policy or your individual investments it's best to rely on your own research rather than making an appeal to authority.
Let me guess Maxine "SBF" Waters is leading the charge.
Unfortunately the corrupted US govt is here to control and deceive us like clockwork just like how they are being controlled. Alot of US politicians have dual citizenship and pledge allegiance to another country if y’all didnt know. This is why privacy coins have already been a hot topic and will continue to be. Please don’t not call me antisemitic this is truth and reality that all US infrastructure is controlled for the gain of themselves and to the elites they send money to, to avoid getting blackmailed. Some notable relations in crypto: -Barry Silbert: Founder and CEO of Digital Currency Group (DCG), a major investment firm in the space. Charlie Shrem: Early Bitcoin entrepreneur, founder of BitInstant, and a key figure in Bitcoin's early days. -Sam Bankman-Fried (SBF): Founder of FTX, a major (though now defunct) crypto exchange, who has a Jewish background. -David Sacks: A prominent Jewish venture capitalist and PayPal COO, named "White House A.I. and Crypto Czar" for the Trump administration. -Rabbi Michael Caras (@thebitcoinrabbi): A Chabad rabbi who connects Bitcoin and Jewish law (halacha), bridging the two communities online. -ETH - Ethereum Co-founder Joseph Lubin, a Jew, previously worked in finance at Goldman Sachs. He single-handedly created ConsenSys, building MetaMask, Infura, these foundational tools for Ethereum. In simple terms: ETH is the 'water, electricity, and coal' of the crypto world. Regardless of whether it rises or falls, you still need to use it; it’s the legitimate child of the military. -WLD coin Founder Sam Altman, the big guy who previously worked at OpenAI, a Jew with an extraordinarily strong background. -Founder Eli Ben-Sasson, one of the pioneers of Zcash's zero-knowledge proofs, from Israel, really knowledgeable in cryptography. STRK is an L2 project, specializing in ZK technology, using mathematical methods that allow you to verify without revealing details. -Solana Founder Anatoly, previously an engineer working on chips at Qualcomm. The investor lineup is very fierce: Multicoin, A16z, and David Sacks (a Jew), one of the PayPal Mafia. -XRP - Ripple Founders Chris Larsen and Jed McCaleb, with a lot of early money from the old financial sector, including funds like A16z. Although the SEC has been chasing lawsuits for two years, it just won't die. Why? Because there are people backing it up, it's really not something a regular small project can compare with. -Donald J Trump The current US President has expressed strong support and took significant actions solidifying the U.S.-Israel relationship, including recognizing Jerusalem as Israel's capital and moving the U.S. Embassy, recognizing Israeli sovereignty over the Golan Heights, increasing military aid, and challenging Iran, fulfilling campaign promises that demonstrated deep commitment to Israel's security and interests.
This is the guy who said he'd partner with SBF again if he could.
I am not sure how they will go in the future regarding price action but TAO and ICP are two of the most intresting projects in crypto. I mainly hold TAO but recently started deep diving into ICP again. It is actually an amazing incredible technology doing things that no other blockchain chain can do. It actually out completes every thing on the market . SBF trying to destroy it and Vitalik first saying it is one of the projects leading the edge of the space and calling it a competitor before realising and calling it a sister block chain to down play it made me even more bullish. Plus Definity is located in Switzerland. I am interested to see how their neutral stance affects ICP in the world. My theory has but what the ai will integrate with and buy in the future. It is what lead me to these two projects. Along with SPX6900 and Unicorn Fart Dust as my meme coin plays. I don’t believe every thing is locked in place like they are telling us it is.
we used to have SO many regulations. Imagine if SBF rugged now instead of a few years ago, he'd be a free man. It's like people dont care about fraud anymore no matter the amount.
Had some great people on the show. We had Andreas Antonopolous on, I shit all over SBF at a conference when everyone thought he was the golden boy, we went coffeezilla on a scam called substratum, and honestly I think my favorite guest was Rob Viglione from Horizen. We were stupid with how we did the pod and never had a chance to make it big, but we were so wide eyed the. We didn’t realize that edgelord memes were the real important tech all along.
People kept treating a pardon like a lottery ticket, but polymarket pricing has been quietly saying don’t count on it. SBF isn’t a unifying figure, he’s radioactive across parties
Honestly, at this point it’s almost predictable. The political optics alone make a pardon messy, and the legal scrutiny around SBF isn’t exactly something you can sweep under the rug. I’ve been quietly noting some of these high-profile crypto cases over time, just to see how politics and finance collide, and patterns start emerging faster than you’d expect. Makes you wonder who’s really calling the shots behind the headlines.
This is honestly worse than letting SBF off the hook. SBF was an idiot who got in over his head and tried to cover it up. But he was still capable of running a large company. Ilya is a pathetic hacker who relied on social engineering to guess passwords. Plus his wife’s music sucks.
Nah, SBF ripped off rich people. You only get a pardon if you rip off poor people.
I’d rather see SBF go free than CZ
SBF... you gotta buy more Trump coins!!
Ofc not… SBF needs to pay him $1m-$3m first
This is a clear message to SBF. Bribe harder!
CZ paid for SBF not getting a pardon 😂😂😂 Certfied hater.
Not at all, SBF was running a legitimate business worth billions but was fraudulently mixing pooling customer funds together with business funds and ended up over leveraging himself; which would have been manageable if CZ didn't cause a bankrun on the exchange. SBF made some amazing investments that paid off insane returns. If the bankrun didn't happen we probably wouldn't even know of the fraud that went on at FTX.
What good was all of SBF’s money if his girlfriend looked like that???
SBF is probably quite interested in this :)
Yes as there are now multiple platforms that have existed and their coins have been trading on the open market well over 1-2 years now and trading and a relatively stable prices. What makes a crypto project legitimate or trustworthy? Look at SBF for example.
You know that punishing people doesn't right wrongs. Sure, if a murderer is in prison they cannot murder anymore. But if there is a guarantee a murderer will never murder again why do we put them in prison? The only thing that remains is punishment as a deterrent, and that only required 1 person to get punished extremely severely to be effective. Like, what could happen now that we let her go, somebody may say "oh I will commit billions worth of fraud, but I will be the one who gets 2 months only, I won't be the one who got life". Nah, SBF's punishment is enough to deter anyone. (except those who are so greedy they would never be deterred).
He stole from people playing in crypto. If it was banking maybe there would be other laws that applied to the crimes. Time in jail is also about whether or not someone will reoffend. But SBF does need to stay in jail for a few more years and he will.
SBF’s parents also did Enron , no biggie
100% SBF will be out before Trump ends.
Seriously? SBF was toeing it up?
LMAO. She has been around a bit, if the stories are true about her and SBF.
Her parents are politically connected and SBF was a money/ campaign contribution laundering operation. Along with an attempt to influence crypto via an American exchange.
SBF will eventually get a Trump pardon so let’s not get too excited here. We are kidding ourselves if we think that isn’t going to happen
Lol at the Daily Mail putting a picture of SBF with Gisele Bundchen in this article.
Still baffles me she got off so light. I know she testified against SBF and all that but it’s not like she came clean on her own volition… she knew exactly the level of fraud they were both committing
The feds gave her a incredibly sweetheart deal to out SBF, along with the fact the crime is considered nonviolent, very good behavior in prison, and her family able to afford or know the best lawyers out there helped.
Oh ye, she was the girlfriend of uhhh...SBF? I forgot, too much going on in life these days lol
Snitches get stitches unless the snitches are getting full support and protection from the FBI. A lot of SBF’s crimes wouldn’t have been made public if the board of FTX didn’t turn their backs on SBF, so at least that’s something
Not only did crypto do fine. We actually put criminal CEOs in jail. Expecting a pardon for SBF any day now
SBF gets mocked for his appearance constantly. It’s the Internet, these things happen.
I don't see how her appearance is any more relevant than SBF's appearance. Both people are criminals who did terrible things. Can we focus on the bad behaviour instead of women's looks please?
She got a really sweet deal. Essentially, she ratted put SBF and made that case a super spam dunk case against him. She also allegedly committed a non-violent offense, is on good behavior while confined, and has no priors. She will finish her sentence somewhere else as it is typical for people to finish no less than 85% of their federal sentencing.
It helped she had a damn good lawyer who was able to get a deal for her to give all the details to get SBF locked up for 25 years.
> Her projected release date is February 20, 2026, nearly nine months early Given she was very cooperative in SBF's prosecution, is not a repeat offender, and has been a good prisoner, this doesn't actually seem all that odd. Historically, federal prisoners had to serve at least 85% of their sentence in prison before being eligible to be moved somewhere like a halfway house or home confinement, but with the First Step Act and the Second Chance Act, that can shave a lot of time off what you actually serve. If she was sentenced to 24 months, the maximum credits she could have been eligible to be released to a halfway house or home confinement after about 10-10.5 months. Getting put into a halfway house at 11 months is pretty on-target for good behavior under those laws.
So you're saying the comment I responded to is the general way people see things; where people view that they can't vote for an entire party if some within it will want to regulate a product they hold, even when there's obvious scammers out there; whether it be Madoff with equities or SBF with crypto? Basically a mindset where people feel overconfident, and like they'll always get out before something bad happens that would've needed regulating? 🤷🏽♂️ I've never been registered to either party, so I really don't necessarily relate to a mindset of one party being perceived as 'the only viable option' for those reasons.
Yes, President Trump and his family backing it was a big part, I didn't mention that because I knew it would trigger people, but the regulatory path was uncertain before Trump. Also the bad actors such as FTX SBF, Terra Luna, Bitconnect, and BTC clones like BCH, there was just too much uncertainty. When BlackRock launched the ETF I knew the tide was changing. I also like Michael Saylor, he explains it very well, even if he is "too bullish" I agree with most of his sentiment.
She pinned it presumably entirely on SBF and apparently got off very easily for what should be a much longer term.
I think that turned out to be a lie. It was how SBF claimed to be successful and rich to get FTX seed funding. But in reality he had very little and spent investor funds almost from day one when he founded FTX. He was a fraud, not a genius.
Basically what SBF did with Bitcoin. Didn't end great for him.
SBF loved his horse https://youtu.be/nw1hc00PtYk?si=VcI3282jkIOfpDke
Trump will 98% pardon SBF
she was a snitch, SBF got fucked hard because of her.
SBF was planted in that chair to stall crypto
SBF was a billionaire who could have any girl in the world he wanted but chose her, imagine that
Trump was our SBF this cycle. Most crypto bros will never admit it though
SBF's biggest achievement was not making FTX the 2nd biggest exchange in the world at one point, it's successfully PINNING THE WEASEL
Based. No idea why SBF was obsessed with her tbh
Seriously, where's the page of SBF getting handcuffed?
Eh. Crypto *is* a space for failed scammers, half of the people running exchanges and involved in the crypto space would be in jail in traditional finance. Only now have people like SBF and Do Kwon FINALLY gotten a little bit of the just desserts they should have for massive fraud and criminal activity, not to mention people behind various coins that would make financiers blush with what they do in terms of market manipulation. There *is* a lot of criminal activity in crypto. As well, the general public is *really* stupid. A lot of them have no idea what investments even are, let alone what good investments are. Trying to explain cryptocurrency to them is like explaining physics to a fish. Even if they know what it is is, there's no reason for most of them to ever care about the space, or even any reason to pay attention to it other than some headline written by some website that says its a scam. I can't blame gen pop for being stupid, and crypto is a space that requires both a thick skin and actual knowledge to get into, let alone do well in. Lots of people here lose their shirts and perform terribly, it's not something you should get into as a get rich quick scheme, especially if you have no idea what the space is about.
This one isn't all that controversial. It was a privacy wallet. They never should have been prosecuted to begin with. They didn't lose their case, they took a plea because it was the Biden era where scammers resigned supreme and were championed (SBF) but they tried to sue or jail every legit operator in the space.
The ruling was ridiculous. Privacy shouldn't be a crime. They only took the plea because the Biden admin went nuclear on anything crypto after SBF made a fool of them.
It’ll rebound. If it survived the 2010s, the 2020-22 recession, and SBF’s clusterfuck, *it can survive anything.*
agreed. As if SBF wins the best looking male award.
While agree that this feels very December 2021 ish- and trust me I know! I was bag holding LRC back then with all the GME hype. It was year 2022 when crypto really collapsed with all the negative crypto events like the Russia invasion, Luna collapsing then SBF/FTX. Not saying there won’t be any negative crypto events happening in 2026, so I guess we’ll see,
An alternative that is owned by US companies and many of whom are in Jail? SBF, Terra guy, Binance guy. Yeah that I trust.
Trump will not pardon SBF. He would have already done it if he wanted to. He pardoned the silk road founder already, which is why we are seeing dormant silk road Bitcoin wallets move recently. He pardoned CZ, even after he spent his time in jail, but that means he can go back to binance. Next up, he will pardon Do Kwon. The judge asked him and his defensive lawyers multiple times if he would like to postpone his sentencing for a later date. They said no. He got 15 years. They didn't flinch or care The team knew something no one else did. He will be pardoned in the spring
Launch date 2026 because they are waiting for SBF to be pardoned and will run this new division of the company
SBFs family are huge democrat supporters. While you can't rule anything out with this corrupt administration... especially for the right price... I think its highly unlikely that SBF gets a pardon.
SBF is a Dem and donated large sums to the Dem campaign. His parents are wealthy Dem lawyers. I highly, highly, doubt it.
Trump is not gonna pardon the only ultra liberal in the space who campaigned against him wtf lol. SBF is a known trump hater and also set aside funds within FTX to take him down.
Bet the polymarket odds on will SBF show actual remorse in prison are still pretty low lmao
Post is by: htht13 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pkvs5q/i_think_trump_will_pardon_sbf/ Given what happened with CZ I think it’s actually quite likely that he will pardon SBF after some donations are made somewhere appropriate. I also think crypto will gap down hard on that news. Trump also seems to prefer pardons over commutes, which basically absolves the person from making any restitution whatsoever and they can go back and bring back up their stash wherever it might be. Lastly, unfortunately I think this extreme amount of self dealing invoked with the Trump family and crypto, will make democrats even more anti crypto than they have already been which is a hugely unfortunate outcome. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
> And yet the universe decides he gets the lighter sentence That's because the intentions were completely different. SBF stole customers to enrich himself and his companies. It was malicious. Do Kwon misused customer funds in a panicked attempt to **protect** UST and do damage control. The vast majority of the convictions against Do Kwon weren't for UST but for his involvement in Mirror Protocol, Chai, and the Genesis Coins.
Yes, the illegal activities involving UST/Terra Luna weren't anywhere near as bad as what SBF did, and the intentions were not malicious. Most here don't even realize that that Do Kwon was prosecuted mainly for his unethical role in **Mirror Protocol, Chai, and the Genesis Coins** (which definitely deserved jail time). However, everyone is still focusing on Luna/UST even though that wasn't a significant part of the indictment. Terra Luna/UST would've failed on its own even harder without Do Kwon due to all the leveraged DeFi and CeFi lending platforms involved in the collapse of Terra Luna. Unlike with SBF, whose activities intentionally hurt customers, the illegal things Do Kwon did for Terra Luna/UST were mainly attempts at protecting it and its reputation: * Securities fraud/Wire fraud: Meaningless. Just blanket terms for anything involving the transfer of what the SEC considers "securities" * Unethical Marketing bullshit: He exaggerated the safety of the UST peg. Very unethical, but every crypto project exaggerates the safety of their platform. If they weren't exaggerating, this sector wouldn't have so many exploits and hacks. * Failed attempts at protecting UST peg using illegal methods. He used customer funds to try to restore the peg.
SBF donated to both parties. Most of his Republican donations were through dark money channels.
This guy gets it. Intent matters. SBF stole for personal gain. Kwon lied because he believed the ends justified the means, in that UST would be unstoppable. One is motivated by personal greed; the other is delusional hubris. One correction: A lot of what was sold into UST was Luna gains, but a LOT of UST came from actual retail deposits from third parties like Angel Protocol or others trying to capture the steady 20% return.
Biggest difference is that Do Kwan was mostly delusional, he thought he was building something great and it imploded. SBF knowingly stole deposits and then showed no remorse.
Anyway, as far as I’m concerned, Do Kwon is *way* worse than SBF as a criminal. And just to be clear, that doesn’t mean I think SBF is some misunderstood good guy. He very obviously made insanely bad decisions — both logically and ethically — feels basically no guilt about it, and is living in his own little delusional bubble. If you want to stick labels on them, just look at what each one did when everything blew up. SBF got calmly arrested at his office/house without running. Do Kwon grabbed a fake passport, disappeared overseas for about a year, and only stopped when Interpol caught him. Getting compensated but still ending up -30% sucks, yeah. I’m not saying that’s “good.” But it’s still miles better than the absolute zero Luna–Terra investors are sitting on. That’s literally my whole point.
SBF's co-conspirators got even lighter sentences, for their guilty pleas and for giving evidence in his trial > He claimed FTX just had a liquidity crisis not actual fraud Nonsense. He claimed a liquidity issue when the bankruptcy was imposed At trial, the main fraud was that FTX's T&C states that customers' funds will never be used for other purposes. FTX executives were borrowing from customers' deposits to fund their trading losses in their other business, Alameda. SBF tried to justify borrowing customers' funds because there's another T&C clause allowing FTX to move funds around as necessary If the FTX T&C didn't have the clause about not using customers' funds, it would have been legal There was a separate fraud - public announcements that FTX had an "insurance fund", and announcements specifying the amount in the insurance fund. The amounts being announced were calculated correctly, but the fund didn't exist
SBF should have gotten life for hooking up with that demon spawn ugly girlfriend.
Yeah, the difference makes sense now. Kwon accepting guilt and apologizing vs SBF lying on the stand + witness tampering really shifted the outcomes. Judges look at behavior, not just fraud size.”
What happened to the other sam, oh happiness guy who was SBF copartner?
“Stay strong. Deploying capital” Or something like that. The Luna crash was almost as memorable as SBF.
seems like the they (SBF, DO KWON) have failed as villains compared to CZ who paid his way free
DK was wrong, but at least he admitted it. SBF wont even admit he did anything, he really deserves the sentence he got, hope he is having fun trading ramen packs inside.
Pretty standard to be fair. Its why you see some guys get 6 months and other guys get life for shit. IF you help the prosecution get others it helps you immensely. If SBF would of been the first to fold he might of had some luck pinning the blame on some others or at least spreading it around.
I wonder if even a tiny part of SBF regrets not pleading guilty. I’m guessing no since he’s a raging narcissistic douche.
Post is by: hodorrny and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pkhhfy/do_kwon_just_got_sentenced_to_15_years_for_a_40/ Kwons Terra-Luna collapse caused nearly four times more financial damage than FTX but he got 10 years less prison time. The judge called it fraud on an epic generational scale with hundreds of thousands of victims worldwide. So why the lighter sentence? The biggest difference was how they handled their cases. Kwon pleaded guilty in August and took responsibility. He wrote to the court saying he was responsible for the pain people went through and that he led the community astray in his hubris. He listened to hundreds of victim impact statements and apologized directly. SBF on the other hand went to trial and maintained his innocence throughout. He claimed FTX just had a liquidity crisis not actual fraud. The jury convicted him in about four hours. Judge Kaplan found that SBF committed perjury multiple times on the stand and called his testimony some of the most evasive he’d seen in decades. SBF also tried to tamper with witnesses before trial by messaging FTXs former general counsel. Another huge factor is Kwon faces up to 40 additional years in South Korea after he finishes his US sentence. The judge explicitly considered this when deciding on 15 years. SBF doesnt have any foreign charges waiting so his 25 years is basically it unless his appeal succeeds. The takeaway here is pretty clear – cooperation and actual remorse can massively reduce your sentence even if your fraud was way bigger. Going to trial and lying under oath will get you hammered regardless of the dollar amounts involved. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Please have this douche share a cell with SBF and that mega fuck Mashinsky and they are made to suck each other off for the rest of time.
Devote your life to things Do Kwon and SBF can effortlessly clone forever
This is essentially what SBF did. Parted fools from their fake money.
I know people in this community hate Schiff, but until we properly recognize the legitimacy of some criticisms, we're just a cult underneath people like CZ, SBF and Trump, who - and let's be honest - are some of the most repulsive people out there and quite significantly, literally, destroying people's lives toward their own gain. So laugh at him all you want, but anyone who wants crypto to succeed in its original mission understands we need two things - a crash, rinsing the industry of all the problems we now have, and in turn riding it of these personalities.
His account location shows up as Europe but he sometimes tweets in first person and sometimes it's like "SBF Says:..."
Inmates don't have direct access to internet and social media - they can send emails through a federal prison email service to approved addresses and that's monitored. His X account' says *SBF's words. Shared by a friend.* (monitored): Samuel Bankman-Fried 37244-510, FCI Terminal Island (the federal prison he is in) so federal prison services are watching.
someone gives him SBF cell number
Ask Trump for a pardon. It worked for CZ, SBF and should work for Kwon Do
I recall him being on the same video call as SBF and Martin Shkreli where Shkreli tells SBF “jail’s not that bad” and Do Kwon laughing at this.
I think five years feels light considering the scale of damage caused by the Terra/Luna collapse. While Do Kwon's case is complex, it's worth noting that billions were wiped out in that crash, and it triggered a devastating chain reaction across the entire crypto ecosystem. For context, Sam Bankman-Fried got 25 years for FTX's collapse. Though their situations differ (SBF was convicted of fraud and conspiracy), it's interesting to see the disparity in sentences being discussed for major crypto failures. The aftermath of Terra/Luna is still being felt today. Many retail investors lost life savings, and several companies like Celsius and Voyager were pushed into bankruptcy after exposure to
I'm not saying it will definitely happen. But considering how happy Trump is to pardon people in return for favors, and SBF already having showed them in his interview with Tucker that he's willing to say whatever to get in their good books, I wouldn't be that surprised.
He's totally going to get pardoned right before Trump leaves office after SBF parents donates millions in Trump's family crypto fortunes.
He's got rather wealthy parents. Surely they have money stashed somewhere. They don't need to donate to his election committee, just an investment into one of his shitcoins and he'll be happy. And let's not forget Steve Bannon has repeatedly stated that they're working on ways to get him eligible for a third term. But most importantly Trump would be satisfied to have SBF rail against the Democrats. Money might be less important.