FTX hacked, Funds All Gone - Page 9 - Business, Finances and Investing Forum

Again, I cannot predict the timeline. If tthey go down in January 2024, you win the bet while being wrong.

Yeah, deep state infiltrated SBF into crypto to take it all down from the inside so they can buy cheap sats.

You were perplexed by the level of fraud involved in FTX. A multi billion dollar exchange run from a duplex in Bahamas and you are shocked they went down lol

Why are you on an investment forum if you're unwilling to invest in your views?

Since you're just a paper trader and you think all Binance BTC is paper, seems like a match made in heaven for your 'portfolio'.

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12-13-2022 , 11:12 PM

#203

ProffesionalMalaka

adept

Join Date: Aug 2015 Posts: 749

What are you taking about? You ok homie?

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12-14-2022 , 02:48 AM

#204

ntanygd760

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Join Date: Mar 2007 Posts: 13,669

Curious about the campaign finance charges and what they turn out to be.

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12-14-2022 , 01:26 PM

#205

ProffesionalMalaka

adept

Join Date: Aug 2015 Posts: 749

Quote:

Originally Posted by housenuts

We'll see how it plays out. I'm not worried about Binance.

Now all your posts make sense. Hi Jim!

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12-14-2022 , 01:37 PM

#206

pocket_zeros

Pooh-Bah

Join Date: Jun 2008 Posts: 4,390

Quote:

Originally Posted by ntanygd760

Curious about the campaign finance charges and what they turn out to be.

They're accused of bypassing the individual contribution limits by contributing via strawmen and also violating the rules of direct corporate contributions. The WSJ has an article about it today:

https://www.wsj.com/articles/sam-ban...ed-11670985176

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12-14-2022 , 01:50 PM

#207

pocket_zeros

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Join Date: Jun 2008 Posts: 4,390

Reuters: How a secret software change allowed FTX to use client money

"In mid-2020, FTX's chief engineer made a secret change to the cryptocurrency exchange’s software.

He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda's assets if it was losing too much borrowed money."

https://www.reuters.com/technology/h...ey-2022-12-13/

This article also describes how they used secret bank accounts to launder customer deposits into Alameda.

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12-14-2022 , 11:00 PM

#208

pocket_zeros

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Join Date: Jun 2008 Posts: 4,390

Bloomberg: FTX Executive Ryan Salame Tipped Off Bahamian Regulators to Possible Fraud

Several days before FTX collapsed into bankruptcy, one of Sam Bankman-Fried’s most senior executives was tipping off Bahamian authorities to possible misuse of funds at the exchange. Ryan Salame, the former co-CEO at FTX Digital Markets, told island regulators on Nov. 9 that client assets were transferred to Alameda Research to “cover financial losses” at the trading firm, court filings show.

Salame further alleged that only three people had the ability to authorize such a transfer: Bankman-Fried, former engineering executive Nishad Singh, and FTX co-founder Gary Wang, according to court filings provided to the Financial Times, which first reported on the existence of the documents.

Source: https://www.bloomberg.com/news/artic...d?srnd=premium

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12-14-2022 , 11:55 PM

#209

PokerHero77

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Join Date: Oct 2008 Posts: 5,788

SBF denies some stuff, acknowledges some stuff.

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12-14-2022 , 11:58 PM

#210

PokerHero77

Pooh-Bah

Join Date: Oct 2008 Posts: 5,788

Part 2

Interview conducted by Tiffany Fong, independent journalist who lost $250k on Celsius.

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12-15-2022 , 12:08 PM

#211

pocket_zeros

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Join Date: Jun 2008 Posts: 4,390

CNBC: Binance CEO Zhao brushes off $2.1 billion FTX clawback concerns

"Binance chief executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance on Squawk Box Thursday morning, and told CNBC that he trusted his lawyers to handle the proceedings.
...
If bankruptcy proceedings can establish that a payment was made through proceedings of fraud or that an individual should have reasonably known that a payment was fraudulent, any beneficiary in a two-year lookback window can have their gains clawed back by the trustee."

Source: https://www.cnbc.com/2022/12/15/bina...rns-fraud.html

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12-15-2022 , 12:21 PM

#212

campfirewest

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Quote:

Originally Posted by pocket_zeros

I can't point to anything super specific, but Binance just smells really stinky. How would you profit from a future Binance blowup? (beyond betting with people on a poker forum)

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12-15-2022 , 01:26 PM

#213

ntanygd760

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So is it safe to assume the little nympho wood chick rolled on him for a deal. O/U 5 years for her. SBF O/U 25?

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12-15-2022 , 01:29 PM

#214

ntanygd760

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Quote:

Originally Posted by campfirewest

I can't point to anything super specific, but Binance just smells really stinky. How would you profit from a future Binance blowup? (beyond betting with people on a poker forum)

Puts on everything, especially there native coin, plus sell all your crypto, buy back in 3 years from now. If they implode it will drag everything down

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12-15-2022 , 02:11 PM

#215

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,739

Quote:

Originally Posted by ntanygd760

So is it safe to assume the little nympho wood chick rolled on him for a deal. O/U 5 years for her. SBF O/U 25?

10, 150

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12-15-2022 , 03:39 PM

#216

coordi

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If Binance blows up then we are in for a crypto ice age

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12-16-2022 , 01:01 AM

#217

campfirewest

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Quote:

Originally Posted by coordi

When Binance blows up then we are in for a crypto ice age

FYP

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12-16-2022 , 01:05 PM

#218

pocket_zeros

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Join Date: Jun 2008 Posts: 4,390

Binance says net outflows are now $6B, according to WSJ.

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12-16-2022 , 01:08 PM

#219

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,739

Joke project Mithril trying to get their 200,000 BNB deposit back from Binance is hilarious.

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12-17-2022 , 04:22 PM

#220

mrbaseball

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Join Date: Feb 2003 Posts: 13,092

Quote:

Originally Posted by ntanygd760

So is it safe to assume the little nympho wood chick rolled on him for a deal. O/U 5 years for her. SBF O/U 25?

O5 and Epsteined

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12-17-2022 , 10:04 PM

#221

Land O Lakes

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Quote:

Originally Posted by mrbaseball

O5 and Epsteined

I'll take action on the latter.

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12-17-2022 , 10:09 PM

#222

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Join Date: Aug 2004 Posts: 47,047

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12-17-2022 , 11:39 PM

#223

ProffesionalMalaka

adept

Join Date: Aug 2015 Posts: 749

HFSP took an (un)expected turn.

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12-21-2022 , 10:38 PM

#224

GTO2.0

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Join Date: May 2012 Posts: 3,784

SDNY confirms the glasses chick and some other founder have already pleaded and are cooperating. CIA game plan almost complete - blame the patsy autistic founder, murk him in jail Epstein style, Gary Gensler continues to pull the wool over our eyes, Illuminati rule continues for another 10K years.