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
>the celebrity endorsers endorsed the product and were paid for their work. Period. That's the end of their affiliation with FTX, and cannot be held responsible for the wrongdoing of the higher-ups. >the celebrity endorsers were paid with funds from customer deposits. That may actually have merit. If true and verifiable, then I would agree with the need to repay. >the product endorsed turned out to be very bad and a lot of people lost a lot of money The same could be said re the tobacco industry in the age before warning labels, despite everyone on the inside knowing the dangers of their products. That still doesn't mean anyone who was ever in an advertisement should be sued. And for the record, it's not that I don't want the victims to get their money. Of COURSE I want for end users (true victims) to be made whole FIRST, then FTX/Alameda investors after that. It's not that I think Shaq or Larry David deserves to keep their money, but unless it can be proven that they were paid directly from user wallets, that doesn't sit right with me, and goes against set precedent. That said, if there is proof that this was how they were paid, then by all means it should be pursued. However, I don't think this would cover 100% of the losses, as a lot of that wealth disappeared when SBF was playing fast and loose and tanked everything that they had built. That money just doesn't exist (save for the assets that have been frozen and started climbing back up again).
SBF could've had more beautiful women than any of us could have ever dreamed of and yet he settled for...this
Almost everyone expected the price to break $100K last bull run. Perhaps it would have if not for SBF. Point is nobody knows where the top will be. What are you expecting the top to be this bull run? $120K maybe to be very conservative? The price could top at 110K instead so you don't get to sell or greed takes you over when it hits 120K. Now you will wait for 150K but the price tops at 140K. Until you've been through a bull and bear it's hard to understand the emotions an investor goes through. When will you know the bottom is in for the next bear market? There's no way of knowing it will crash 80% again. Maybe it only crash 60% because the etf's hold the price up and institutions buy before retail can get back in. Having to pay capital gains tax makes all of these much more difficult. Everything is simple in hindsight.
It looks like a smear campaign to me. Probably by the other exchanges due to the low fees mexc are offering. Look at some of the negative posts, a lot of them are bot accounts. Look at what CZ did to SBF. Everybody forgets this and only focuses on SBF.
Hot take: Its a way to get SBF leniency. Charges on actors will be dropped but SBF will still get the benefits of being a helper.z
Remember when FTX first went down, Kevin was on the mainstream news still protecting FTX for the following week and talking about how wonderful SBF was. Whilst bad mouthing Binance and CZ. Of course that cool $15m FTX paid him prevented him from seeing that SBF was a fraud and could never pass a BS detector test.
First Blockchain to run AI although you won't find it on AI crypto lists. 16% interest on staking or was last week. Heavily undervalued thanks to SBF. Actually really easy to use.
But SBF kept it secret from everyone. No one knew what he was doing. No amount of due diligence, unless you were privy or could look at the back end, would show that. Thats the only reason SBF got caught: CZ ratted him out on twitter. Or another example let’s say you caught CEOs at a bank insider trading. Do you go after the actors who promoted that bank on TV?
The celebrities have a lot more money than SBF. That's all there is to it. There is no *instead of*, by the way. They can also go after all those other people.
Exactly this. NO one knew. SBF and a few cronies were the only ones. This is laid out in the book Going Infinite. I was researching FTX as a potential place to put some crypto. Tons of people were. No one knew what was happening on the backend. That’s *specifically* why SBF is in prison: he kept it secret that he was turning USD > FTT token and then shuttling the FTT to Alameda and re-exchanging it for USD. He kept that secret from everyone. Don’t know what the feds are trying to do here.
You aren't getting your money back. You are just stealing it from someone else, ala SBF.
Also, let’s make a hypothetical and say they used Snoopy to endorse it (I’ve seen Peanuts characters endorse other things). Who are you gonna go after then? The estate of Charles Schultz? SBF and a few of the other higher ups at FTX are the problem here, not endorsers.
I mean, I could see his cooperation putting him in a more positive view in light of the top-down fraudulent use of user funds that tanked his exchange, sure. But the idea of suing Shaq because "he promoted Taco Bell once and I had a crunch wrap supreme that gave me diarrhea, so he needs to be held accountable" is ludicrous. It doesn't sound like this is coming from SBF, just that he's bored and doesn't have much else going on. And well - lawyers gonna lawyer.
Lets get the jurisdiction for a bare knuckle match with SBF and Matt Damon. **Fortune favors the bold.**
yeah, i agree that is a good thing but i won't feel like any amount of justice has been served until we see some real accountability from the people who actually caused or allowed all the fraud and the damage it did (beyond SBF, obviously).
SBF reveals himself to be Rat There i corrected the headlines for you.
How is someone like Brady or Shaq supposed to know that SBF was stealing money? The product on the surface looked sound, which is what they were endorsing. All of the criminal acts were conducted in complete secrecy. Should anyone who endorsed Enron be held accountable for not knowing they were secretly cooking their books? What you’re saying, if it were ever enacted, would be the end of celebrity endorsements as no one would put themselves at risk financially on the off-chance that illegal things were being done behind closed doors that they’d have no way of knowing of.
I think they are leaving out the other half. I think he's dumping the info on everyone. Yes celebrities are in there but it seems like the real part is SBF talking about Sullivan and Cromwell,etc.
SBF: "It was him! He did it!!!"
And in tomorrows news: "SBF found hanged in his cell with two gunshot wounds to the back of his head after apparently committing suicide".
Imagine SBF in prison if you cant get it hard.
How come? SBF is in prison he cant do the same thing here he did with ICP.
SBF with FTX, he manipulated its price with many other tokens
Don’t listen to this guy, he took my funds and did NOT use it to fight sea monsters. Our hometown (we’re from the same place) was just ruthlessly slaughtered and pulverized by a large kraken during an attack this morning. In a panic that something malicious was occuring with my funds, I attempted to withdraw despite his warnings. He SBF’d me and flew to an island in the caribbean with his mid-girlfriend, and is now living opulently with my so-called kraken protection funds and god knows how many other victims’. If you truly have BTC, please please keep it for yourself and do no trust him.
SBF, and other powerful actors, manipulated the price prior to launch. Ran hit pieces with their connections in the NYTimes. Sued Dfinity for access to their tech. All kinds of shady shit.
The recent increase demand is mostly from institutions and the same hardcore hodlers. Retail hasn't even started to buy yet. Most average people think Bitcoin died a few years ago, and they think it had something to do with FTX and SBF. They don't understand what happened, but they know the entire world was scammed and that Bitcoin was the way they scammed us. There is no "pump" here. This is just a recovery in price. Adjusted for inflation, Bitcoin still hasn't risen above its previous ATH. It's an organic, natural price recovery, not a pump. The price is ridiculously cheap considering there has been an increase in institutional demand and ETF's, etc. It needs to be MUCH higher than $70k to be considered a "pump" or a "bubble" of any kind. It's currently very cheap, and generally misunderstood. So what do you think will happen to the price when people realize it wasn't a scam, it isn't dead, and you can still get it under $100k?
problem we people's perception depends on "what they said". ;) like others (i.e. bitcoin when appeared 1st time) public's general perception was mostly negative. (I don't remember any positive review about it) Personally, when I read SBF's argument and its "genius", it set my alarm bells ringing from the first time. More when we started to see SFX collapse in the hands of that kid in shorts and flip-flops managing fortunes. Difficult to compare both. I don't hold my hands in the fire for others, nor am I trying to justify WorldCoin or worldID. Just analyzing the difference between them.
You people never learn. Another Ponzi, propped up by the familiar characters. (SBF, VC's).
This guy makes me hate crypto more than SBF.
That's what they said about SBF!
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. -FTX-SBF
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. -FTX-SBF
It’s just a coincidence, I didn’t know who SBF was until after creating this account
Such confused. Why make your name SBF *and* his picture if you’re not wanting jokes and references about him? What’s the coincidence? Sorry these are rhetorical questions. I’ll let you be.
Oh it’s just a coincidence, this account actually has nothing to do with SBF.
You user name is SBF he was referred to you being in jail.
SBF dialing in from prison to express his professionalism...
Very unlikely but yeah it could if they aren’t careful with custody. Let’s say their custodians was another SBF/FTX *poof* Bitcoin would recover from it fairly quickly tho and still come back stronger. I anticipate this actually becoming a storyline in the future.
Solana is a second rate trash money grab by VCs that include people like SBF. Terrible for the crypto community.
sol? Lol SBF needs that money!!!
he looks like the product of one of SBF and Caroline Ellison's orgies
SBF tokenized stocks on Luna now LUNC blockchain (you can still see them on LUNC @ coinhall. mAMC, mGME, mAPPL, mGOOGL, mNVDA etc…) why would this be a worthwhile endeavor? Seems something’s wrong with the us stock market and global economic system. Bankers always look for ways to create liquidity.
SBF held a position of trust and responsibility. He couldn't be arsed about the legal and ethical demands of that role. Coding and gaming is fun. Admin is a pain in the arse. Instead of dealing with it, or ensuring someone else dealt with it, they wrote a backdoor to by-pass regulatory controls. So yeah he might not have intended for any of this to happen but he didn't do the work and now he is where he is. He should stay where he is. No degrees from Stanford, MIT can teach focus and accountability better than 19 years in Federal Prison.
Anyone knows where does all the money go now? Does SBF holding it
I thought that SBF in the new Mean Girls. He was practicing for his prison bitch phase of his life.
Do Kwon, and SBF and Celsius and stuff like that if you can believe it.
Do kwon needs to rot. SBF is just a political fall guy, he will probably have the easiest sentence…
It was manipulated but you still think it was Dfinity, which is not the case. SBF in Jail, Dominic Williams not, go figure big brain..
Don’t listen to someone, especially if their name is SBF… lol. I believe MSTR would be the only one that has BtC exposure and trades at higher volatility and exposure than BTC ETFs. I’m assuming UK doesn’t let you trade $BITX or $BITU? Those are 2x leverage Bitcoin futures ETFs.
SBF did more damage than 200 Iranian drones lol
Tether has been committing fraud this entire time. It’s why they don’t want to be audited. But the truth is: y’all here are cool with that as long as they don’t get caught. Just like everyone was cool with SBF and FTX until they got caught. And that’s YOUR decision to invest your money in a knowingly fraudulent system. It turns out that scammers have ALWAYS scammed others by exploiting peoples’ greed and ignorance…
I don’t think it should be made illegal, but I encourage everyone to take responsibility for their own investments. You can’t blame SBF for giving himself a 60B loan. You wanted no regulations, you got no regulations - and that allowed the dumbest mf to give himself $60B (imagine what the halfway smart people are doing in your unregulated “economy”). If people steal from you, it’s YOUR fault for “investing” in a system with no consumer protections, but that’s the way you want it. Don’t blame the government if it goes tits up, blame yourself for buying into hype…
I heard SBF made its fortune on BTC by buying at decimal points like on x exchange and selling at a higher price on another exchange
I know, I would like to see a 5x or higher ballpark after the halving too, but I don’t want to get my heart broken again and we are in very uncharted territory at the moment given last ATH, crash down to SBF scandal, bull journey and new ATH after the ETFs and before the halving. Nobody can know for sure what will happen.
Gary worked at Goldman Sachs with Joseph Lubin. And Mike Novogratz. He taught at MIT, and SBF was one of his students. His boss was Caroline Ellison’s father. Gary is a walking financial train wreck.
It hasnt been long (a few months)? since my family was asking how much I 'lost in bitcoin now that SBF went to jail and its over'.
Sentencing is coming up for the others and Salome. Parents have gone scot-free so far. I think SBF owes $11B, so they should be able to claw back some from his rents.
By that standard Trump would be dead along with SBF, Madoff, Kushner, and every other clown who grifts on idiots in the USA.
Guys, invest my in APPEAL-COIN ticker symbol SBF
communists have **no** problems killing the elite or embezzlers and fraudsters like SBF. in communist countries, the party and the state is supreme. in the west, billionaires reign supreme.
Meanwhile SBF will probly be out in 2 years on "good behavior"
FTX didn't collapse but Alameda was getting margin called during the Luna collapse which likely (though we don't know for sure) caused it to become insolvent. But I agree, SBF was absolutely the type to know how to pull off the attack but also careless enough to not consider their own exposure through Alameda.
I bet there aren't more than ten investors in the world who have that kind of liquidity and brass balls big enough to launch a billion $ depeg attack. SBF had the intelligence to predict that UST was vulnerable but maybe not enough to predict that it could adversely affect him. FTX didn't collapse for about six months after Terra / Luna, if memory serves.
SBF was completely delusional. I have a hard time believing it would have made him any more reluctant. Better to spend time prosecuting the people around him. Why is Trabucco still riding around on his boat and not in jail?
> And with SBF, he probably even thinks he didn't do anything bad on purpose. He legit is still trying to play that innocence card
Serious crimes are not less in countries with death penalty. If you commit a crime, you don't expect to be caught. Greed is stronger than fear. And with SBF, he probably even thinks he didn't do anything bad on purpose.
I’ll bite. How would crypto be better off if SBF was executed Vs rotting in jail for the rest of his life?
I don't know that I agree with the death penalty, but it certainly would send a message to the slime balls like Alex and SBF in this space.
Didn't Alameda become insolvent during the contagion from the TerraLuna collapse? If SBF was behind the alleged 'Soros attack' that would be a monumentally bad play from him considering it ultimately led to his downfall and imprisonment.
What happened to SBF was not justice It was purely revenge And it has no place in a legal system People should be free from the threat of imprisonment just because they are the ones who operate a casino
I feel so fucking bad for you SBF. I buy FTT just to spite the gross legal system that fucked you over so hard.
Look at the senate hearings. Search up Gary Gensler FTX or SEC FTX. Gensler was clearly under fire for not only the SEC failing to protect investors but his own ties to SBF. https://youtu.be/iF46tnLBQ9k?feature=shared Everytime there's a big fraud or fiasco in the crypto markets there is regulatory pressure because its the lack of regulaion that's blamed within govt as a factor in failing to protect investors. Its not that the "government needs to be at fault" which is a very naive take.
You can blame FTX and shitcoins for much of the negativity. The FTX debacle and the recent trial of SBF, as well as the ubiquity of shitcoin scams and crashes have given the impression that all crypto is a scam that's going to zero. Most people aren't knowledgeable enough to understand why BTC is different.
So because SBF (dubbed "The King of Crypto") invested in Solana (before he committed any fraud) that somehow makes Solana guilty by association? By that logic, crypto is backed by scammers because FTX & Alameda invested across more than a couple dozen different crypto-related projects, businesses, and entities, as well as several Layer 1s. What incredibly poor logic. Best part, you don't even know how to back-up your claim that Solana is centralized - hence no response.
If you believe crypto is useless and is essentially a greater fool's scheme, you have to accept the premise that any money you make will be someone else's loss. This 'greater fool' won't be a character like SBF, we are talking about normal people who are just trying to find a means to build wealth. But because they are too deluded to see crypto for what it is, its ok that you make money off of them right? Maybe I am naive but that is fucked up perspective to me. I wouldn't participate in something that I don't believe will produce something positive for the world. I don't care how much money there is to be made.
I couldn't care less what Solana does, it was a shitcoin from the outset with lies about fundamentals like supply, lies about throughput, and promoted by SBF lest we forget, so I never have and never will touch it. Those who do will need to find a chair quickly, as you say, when the music stops. But when people say it's a better project than serious cryptos with real aims, that pisses me off.
It doesn't hurt that SBF bought 10% of SOL supply which is still part of the FTX bankruptcy settlement. FTX holders should get paid out at market value. After the bankruptcy settles, poof.
Are you aware of the exact restrictions imposed on exchanges in NY? That’s what kept FTX and Binance away. CZ and SBF both ran shady exchanges. Also, instead of typing some vague response trying to insinuate naivety, make an actual case.
Literally the biggest fraudster in crypto, SBF, backed Solana. That should tell you everything.
This exactly. I trust little to no price action caused by or even correlated to "institutional activity." That phrase is basically a finance bro's way of saying "Our bags are filled, so now it's retail's turn to start filling up their bags so we can dump on them." You'd think people have learned this lesson after being fucked out of their money by Do Kwon and SBF, but apparently all it takes is "number go up" to make them forget. ETH has essentially the same problem in a nutshell. There's a mile-long list of problems in its proposition for decentralization and security, i.e., the shit that actually *matters* for a blockchain, but the institutions are so bought into it that they can't afford that news getting out... So, of course, it won't... Until shit *really* hits the fan, that is; and who knows when that could happen?
U.S. government will be hodling SBF for 25 years
I would absolutely have a drink with SBF and Do Kwon Their lives are infinitely more interesting than ours Just goes to show you that if you are too interesting, you go to jail for a long time Society wants us friendless and without experiences. Only to be chained to our computers in our mom's basement
SBF ain't saying nothing . . .he's down the showers . .
… sounds like something SBF would say
I have been getting many messages from people thinking I am SBF. I AM NOT SBF I DO NOT KNOW WHERE YOUR MONEY IS
SBF has a leg up on these guys.
I watched interviews with SBF and still got rekt. Research on crypto is not an easy task. It could always be a scam.
Crypto is the one science I would offer up to aliens if I wanted to impress an advanced ET species But they would just fire back at us asking why we imprison the ambassadors of our crypto spaces, like SBF and Do Kwon What we have done to these men is shameful and not in the spirit of unregulation. We don't deserve crypto if all we do is put men in jail for trying to create the on ramps for our revolution
People said the same thing about FTX and SBF, trade in the Wild West and you too might just be cut down at highnoon with no one there to protect you
lehope is simply an altruist hater. SBF, it's so nice to meet you here in prison of all places. If you would like an unblemished butthole when you leave, I only accept Bitcoin. If you agree to these terms...hold my pocket ( ͡° ͜ʖ ͡°)
Proof of stake is other people in charge of your money. And the other people are people like SBF.
I mainly use Polygon, Fantom, Algorand and Arbitrum. Somtime I am forced to use Solana which IMO is way worse than all those. Yes, if it works is all good, but half of the times it doesn't work for a reason or another. I frankly don't understand the hype behind that project, it even survived the whole SBF fiasco (and recovered more than other alt-coin/defi, unbelievable).
Him and SBF can go get fucked on BUTTFUCK MOUNTAIN!!
This is a bot or something they are Re-posting this SBF pity thing over and over…….