SBF of FTX arrested in Bahamas

[sxtasy]

https://www.nytimes.com/2022/12/12/b...d-bahamas.html

Anyone else closely following this? Pretty interesting.

The new CEO of FTX, responsible for redistributing remaining assets to users currently testifying in front of congress:
https://www.engadget.com/ftx-hearing...133021258.html

[ExtraSlow]

All the worst things about the crypto bubble wrapped up in one sad story.

Blockchain is a really useful and valuable technology that will not be going anywhere. But FFS, please do your due diligence with investments.

[flipstah]

It's either he's the most naive person or the most devious person.

[bjstare]

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It's either he's the most naive person or the most devious person.

SBF? He is not naïve.

RE: OP, it's actually surprising how long it took to arrest him. Unlike Mr. ES though, I find this highly entertaining and not sad at all

[max_boost]

I hope my Shakepay is safe lol

[Buster]

yes, this whole story is actually really funny.

Number of people I feel sorry for = zero.

[suntan]

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SBF? He is not naïve.

RE: OP, it's actually surprising how long it took to arrest him. Unlike Mr. ES though, I find this highly entertaining and not sad at all

Didn't he go into hiding?

[max_boost]

Number of Celebs involved crazy. Major donor to the Dems too. This fkn guy.

[ExtraSlow]

Celebrity endorsements on that scale is a red flag

[bjstare]

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Didn't he go into hiding?

If you call doing enough interviews to qualify as a press tour as "hiding", then yeah, I guess.

[Sentry]

My favourite part of all this is that chipmunk looking bitch that was his girlfriend/partner in crime

[ThePenIsMightier]

Geez, he always looked super professional and legit. It's a good thing I didn't notice him before because I def would've handed him major cash to help me get rich.

[whoreads]

The thing about most polyamorous sex cults is that the leader is usually (at least somewhat) charismatic, unlike this guy.


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[killramos]

Never heard of him

[ZenOps]

Binance. One ring to rule them all.

[SkiBum5.0]

Payroll and expenses managed by Quickbooks. You can’t make this up! This needs a movie

[sxtasy]

They also didn't have any in house accountants, their accounting was done by a firm headquartered in the metaverse lol

[Misterman]

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It's either he's the most naive person or the most devious person.

When you're paying off government politicians, your future claims to naivety go out the window.

[gwill]

Bahama authorities tried to get sbf to mint new tokens to give to them... this entire thing is crazy to follow.

[sxtasy]

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Bahama authorities tried to get sbf to mint new tokens to give to them... this entire thing is crazy to follow.

They were successful, they got something around 300M after bankruptcy. Bahamian residents were also able to withdraw for around a 25hour window after bankruptcy. There was also a "hack" where around $475M mysteriously went missing after bankruptcy filing.