Do you mean like how FTX money went to Ukraine, was laundered and sent back to FTX then donated to the Democrat Party maybe with the deep state letting this all happen?
I used to do tons of speed and I know other people who did even more. Amphetamine makes you all skinny and weak due to not being able to eat anything but certainly does not result in man boobs.
Well done--thanks! I personally think SBF and his girlfriend are just speed freak kids fronting for the powers that be. It sounds like "they" also tried to take out Elon Musk along the way. My science teacher in high school had a quote on the board. It said 'Things are seldom as they seem". These past 2 years have certainly shown that to be true in the extreme.
thinking all the tech wonder kids are deep state muppets starting with Gates… it’s all rigged, God just letting us see how depraved it can get before pulling the plug… don’t count on BTC either.
Does anybody else feel worn down and tired from all of this corruption and constant stream of bs? There is literally nothing good or nice anywhere. I need a glass of wine.
The looting phase, the 'we aren't even gonna try to spin this one so it looks like NOT looting, just...yeah, oh beeteedubs, we're looting-deal with it" phase.
Every article about this fiasco should have as a headline some form of “Top Biden Donor Escapes Authorities After Stealing Hundreds of Millions of Dollars,” but of course that hasn’t been the case at all.
I am just a regular nobody who has no business asking such questions, but I thought the genius and beauty and (other superlative) of block chain is that *it can always be traced. All transactions are transparent.* So why wasn’t this traceable and transparent?
I hope someone can figure this out before we start voting backed by block chain.
(Also can we ban the word “bespoke”. It’s unnecessarily pretentious. As I learned in freshman comp, “never utilize ‘utilize’ when you can use ‘use’.”)
"Bespoke" became a cool kids word on Wall Street about 10 years ago. Having been in the biz for 25 years at the time, I had to look it up. And then I found, as was often the case, there was a perfectly acceptable word - "customized" - that had been around since forever, but apparently wasn't cool enough.
Yeah. It's also "Britspeak". My wife's English magazines use it for anything custom-made. Look at the prices of the 'bespoke' goods and another word comes to mind....'outrageously expensive'.
I'd think a whole heck of a lot of morons thought that his very important intelligent exceptionally-credentialled parents gave him the very best of pedigreed bona fides.
"Ha! Fooled ya!"
It is not rare for really smart parents to produce idiot children. You guys can use all the finance-world clues you want to prove how this guy smelled.
For me it was a 30-yr. old guy who lisps like a toddler. Screaming sirens from the first video clip I saw.
His gain of a few billion via some smart arbitrage trading made him a financial genius to many. He built a fine house of cards as he was blessed by the right teams.
OTOH, imagine all those who bought Bitcoin at $65k/coin as it sits at $16k. Greater fools eventually learn the hard way. But they do well until they don't.
So he made a pseudo crypto? Did he try to sell it as real crypto? I understand the basics of his Ponzi set up and his money laundering, those are as old as time, but I’m not getting what people thought they were investing in when they handed him cash?
He made a 'shitcoin' to facilitate trades on his exchange (similar to the BNB token on Binance). Then he paid people in said shitcoin.
Many people were legit crypto traders that simply had balances on FTX during the collapse. (Remember FTX was given legitimacy by regulators) This is why we say (over and over) NOT YOUR KEYS, NOT YOUR COINS! Other people were in on the scam and were the ones who actually got the money before the curtain was pulled back. Don't let the badly written articles fool you. The wealth did not 'evaporate', it was stolen.
Oh so he never gave investors the keys to the coins, just some sort of self-generated receipt (read iou)? He held the keys to the actual coins backing up the IOU? Which, didn’t exist, of course. That’s so Bernie and his 1,000 year old PCs from the 80’s in some back room that only he was allowed to see. And of course SBF got regulatory legitimacy. With pedigree like his, who would deny him? Thanks for taking the time to explain. I sincerely appreciate it. Love your work.
well you know, so many people went to jail for 2008, how could you expect any less?
If you realized in 2008 like many did that the entire system is a scam, every industry in this damn country, then 2020 wasn't much of a surprise to you.
There are efforts to trace the chain underway. It actually can be traced just takes time and effort. OTOH, the real money used to buy inflated tokens (now worth nothing) has gone into the money pit. Much of it used to produce political ads.
How stupid do you have to be to participate in a defrauding scheme as either the defrauded or the defrauder? One way or another it's going to catch up with you.
"BE SURE YOUR SIN WILL FIND YOU OUT."
All such nonsense will be brought down. God is in control even though you insist that YOU are. He is going to have the Last Word!
I guess some people can accept an undefined solution to an undefined problem. When I hear the word "god", I think nature or Santa Claus in the sky (long flowing white beard, Zeus, Odin, etc). I can accept nature as the system in place but it doesn't care about what I think or pray for. The dude abides. Right?
Headquarters in the Bahamas should have been everyone's first clue. Like Monaco, it's a sunny place for shady people. But then, we're talking crypto investors.
Now do Ukraine and the Democrat party!
Do you mean like how FTX money went to Ukraine, was laundered and sent back to FTX then donated to the Democrat Party maybe with the deep state letting this all happen?
“Letting it?” How does “actively enabling and facilitating” sound?”
You're right--my bad!
Yea....or something....
SBF'S man boobs should have been enough of a red flag. I mean, how effing old is the guy and he's got a rack? Eeeeeuuuuw...
Low T is the real killer
It's the amphetamines.
I used to do tons of speed and I know other people who did even more. Amphetamine makes you all skinny and weak due to not being able to eat anything but certainly does not result in man boobs.
Bingo!
It's transhumanism at work. See the Gates of Hell.
ftx, ukraine and the democrats
how many of those billions uncle joe kept throwing to ukraine every week ended up at ftx?
At FTX before being returned, in part, to the lousy, criminal Dems.
A lot… 😡
This is worth watching - https://www.youtube.com/watch?v=OYQMcYCN2EA - a false flag for the deep state? With a few beneficiaries along the way ...
Well done--thanks! I personally think SBF and his girlfriend are just speed freak kids fronting for the powers that be. It sounds like "they" also tried to take out Elon Musk along the way. My science teacher in high school had a quote on the board. It said 'Things are seldom as they seem". These past 2 years have certainly shown that to be true in the extreme.
Absolutely true. More now than ever. https://maajidnawaz.substack.com/ has a very interesting backstory and talks all about this kind of thing.
thinking all the tech wonder kids are deep state muppets starting with Gates… it’s all rigged, God just letting us see how depraved it can get before pulling the plug… don’t count on BTC either.
https://mathewaldred.substack.com/p/how-do-you-connect-ivermectin-and
Right to jail, right away. With an offer for a slightly better cell if he flips on another major player. All the way up the chain. For everything.
It's a good start.
You're dreaming. It's a pleasant dream, but you can't stay there.
You know who his mom and dad are, right?
You know the DOJ suppressed FBI investigations into FTX?
You know the NY Times is already covering for him?
Tell me, what do you think has changed?
Don't forget the SEC and who is who's Daddy!!
you mean a bunk bed with a matrass instead of a bare one ? and an open toilet instead of a pot?
You're pickin' up what I'm throwin' down!
Hey, I wrote that song! https://www.youtube.com/watch?v=8ZnoyC6MM_w
He probably will be “disappeared” soon.
He’ll probably never be seen again. The End
We don't know where SBF is right now, but we know the security cameras aren't working.
He's with Paul Pelosi??!!!
Hey, we've had enough of your conspiracy theories!
https://www.city-journal.org/jeffrey-epstein
https://nypost.com/2021/12/20/mystery-of-crypto-ceo-who-died-taking-250-million-with-him/
https://nypost.com/2022/11/09/drowning-death-of-crypto-visionary-fuels-conspiracy-theories/
EXACTLY!!!! LOL!!!!
You can bet they don't want him to talk publicly. Will he be Epsteined?
Bingo…
From your lips to Gods ear!
Does anybody else feel worn down and tired from all of this corruption and constant stream of bs? There is literally nothing good or nice anywhere. I need a glass of wine.
We're in the 'grab everything you can before the collapse' phase.
Comment of the day.
This
Yes.
The looting phase, the 'we aren't even gonna try to spin this one so it looks like NOT looting, just...yeah, oh beeteedubs, we're looting-deal with it" phase.
Truth!
YES! AND ANGRY!
Our tax dollars are paying for this fraud and subversion of our liberties.
Thank God I was shitcanned for being a leper - no income tax money coming from me to fund this grift.
Do they still require vaccinations in your neck of the woods?
Indeed. Still waiting for those hoards of Republican lawyers to make AZ, NV, right.
Oh dear. Might want a full bottle, then. It's going to be a long wait.
A glass? Damn...I go for a bottle once it’s opened. Lol!
Call me unsophisticated, but in these times the box is where it’s at.
LOL, times like these we probably all need to be "liberating en mass" whole cases at a time from Total Wine...
Mostly peacefully, natch.
Lol!
Every article about this fiasco should have as a headline some form of “Top Biden Donor Escapes Authorities After Stealing Hundreds of Millions of Dollars,” but of course that hasn’t been the case at all.
https://euphoricrecall.substack.com/p/dem-hypocrisy-and-the-megadonor-scandal
billions mind you ... at least 10 billions ...
of course, stealing thousands is a crime ... stealing billions is way of doing business ...
caught? by whom?
I agree. But we’ll never see it.
Like Musk said, there will be no investigation because Bankman-Fried was the second largest donor to Democratic campaigns.
And Republican. Mitchy boy supposedly got millions as well. Hell awaits all of them.
I am just a regular nobody who has no business asking such questions, but I thought the genius and beauty and (other superlative) of block chain is that *it can always be traced. All transactions are transparent.* So why wasn’t this traceable and transparent?
I hope someone can figure this out before we start voting backed by block chain.
(Also can we ban the word “bespoke”. It’s unnecessarily pretentious. As I learned in freshman comp, “never utilize ‘utilize’ when you can use ‘use’.”)
"Bespoke" became a cool kids word on Wall Street about 10 years ago. Having been in the biz for 25 years at the time, I had to look it up. And then I found, as was often the case, there was a perfectly acceptable word - "customized" - that had been around since forever, but apparently wasn't cool enough.
Same as “curated” to mean that some trivial thing was pared down. Ugh!
LOL same as "cured" for those ballots getting "fixed"....
Don't forget "interrogated" to mean examined, or even just "read."
I just finished interrogating the last Stephen King novel.
It was pretty good. Although it did cry a lot at the end.
Considering Stephen King's addiction to the slow excruciating death of women characters, I'd enjoy interrogating him in the traditional way, really.
Aww snap! 😍
The newest one out?
Yeah. It's also "Britspeak". My wife's English magazines use it for anything custom-made. Look at the prices of the 'bespoke' goods and another word comes to mind....'outrageously expensive'.
Yuppers
What did I tell you about Yeppers.
Oh I love the office.
Bespoke is the British way of customized. Bit gobsmacked to see it used by Yanks. Tut, tut, you see, my fine fellow.
Not every transaction is on the chain. And for the most part he didn't even use 'real' crypto. He conjured up his own company scrip and passed it out.
Monopoly money, it never goes out of fashion.
I'm amazed he got so many people to look past the obvious fraud. I guess that's what getting a piece of the action will do.
I'd think a whole heck of a lot of morons thought that his very important intelligent exceptionally-credentialled parents gave him the very best of pedigreed bona fides.
"Ha! Fooled ya!"
It is not rare for really smart parents to produce idiot children. You guys can use all the finance-world clues you want to prove how this guy smelled.
For me it was a 30-yr. old guy who lisps like a toddler. Screaming sirens from the first video clip I saw.
His gain of a few billion via some smart arbitrage trading made him a financial genius to many. He built a fine house of cards as he was blessed by the right teams.
OTOH, imagine all those who bought Bitcoin at $65k/coin as it sits at $16k. Greater fools eventually learn the hard way. But they do well until they don't.
All that matters is who's the banker.
So he made a pseudo crypto? Did he try to sell it as real crypto? I understand the basics of his Ponzi set up and his money laundering, those are as old as time, but I’m not getting what people thought they were investing in when they handed him cash?
He made a 'shitcoin' to facilitate trades on his exchange (similar to the BNB token on Binance). Then he paid people in said shitcoin.
Many people were legit crypto traders that simply had balances on FTX during the collapse. (Remember FTX was given legitimacy by regulators) This is why we say (over and over) NOT YOUR KEYS, NOT YOUR COINS! Other people were in on the scam and were the ones who actually got the money before the curtain was pulled back. Don't let the badly written articles fool you. The wealth did not 'evaporate', it was stolen.
Oh so he never gave investors the keys to the coins, just some sort of self-generated receipt (read iou)? He held the keys to the actual coins backing up the IOU? Which, didn’t exist, of course. That’s so Bernie and his 1,000 year old PCs from the 80’s in some back room that only he was allowed to see. And of course SBF got regulatory legitimacy. With pedigree like his, who would deny him? Thanks for taking the time to explain. I sincerely appreciate it. Love your work.
With bonus backdoors that allowed him to move money without alerting auditors.
From what I've read, on the last day of 'solvency', FTX had $900M in 'liquid' assets backstopping $9B.
https://finance.yahoo.com/news/ftx-held-just-900-million-105931146.html
But yes, the big story of the day is that the 'regulators' were in bed with the scam -- tale as old as time!
well you know, so many people went to jail for 2008, how could you expect any less?
If you realized in 2008 like many did that the entire system is a scam, every industry in this damn country, then 2020 wasn't much of a surprise to you.
'Bespoke' makes me think of wedding do- thingies.
"Custom crap that we charge you 19x for, that you could have made in a couple hours...because Daddy wants you to have the Best wedding!"
There are efforts to trace the chain underway. It actually can be traced just takes time and effort. OTOH, the real money used to buy inflated tokens (now worth nothing) has gone into the money pit. Much of it used to produce political ads.
US taxpayers > Ukraine > FTX > DNC (with some Repub hush money mixed in too)
Yes, let’s not forget Cocaine Mitch got $2.5 million to shut his purty mouf.
Yep, Uniparty SCUM.
I know philosophically speaking I'm still sitting in a cave, anxiously feeding bits of dried moss to the fire while the boys are off hunting.
But to me this is what happens when you use real [yes I know that's somewhat of a fallacy too] money to buy imaginary currency.
something tells me that the resemblance to Madoff is just too uncanny
I get the uncanny valley phenomenon with Baric and Daszak and Bourla and...
there has to be a meme about FTX and IVM research somewhere
An “innocent” gato?
Hardly.
How stupid do you have to be to participate in a defrauding scheme as either the defrauded or the defrauder? One way or another it's going to catch up with you.
"BE SURE YOUR SIN WILL FIND YOU OUT."
All such nonsense will be brought down. God is in control even though you insist that YOU are. He is going to have the Last Word!
"god is in control" doesn't mean anything but people keep saying it.
It can mean it gives you the faith to preservere even when you don't see how the solution will be achieved.
It's not for everyone.
I guess some people can accept an undefined solution to an undefined problem. When I hear the word "god", I think nature or Santa Claus in the sky (long flowing white beard, Zeus, Odin, etc). I can accept nature as the system in place but it doesn't care about what I think or pray for. The dude abides. Right?
If talmudic mockery is your thing, sure.
Christianity (the real thing) is not for everyone.
I'm mocking Jewishness because I'm not a Christian? That makes no sense. Or are you calling me a Jew? I thought Jesus was a Jew.
You are making my point.
This whole story is a meme of incestuous elites and their predictable psychology and physiognomy https://yuribezmenov.substack.com/p/how-to-lose-214-million-in-one-year
It’s crooks. Crooks everywhere. All the way down.
And just as I surmised...gramma Yellen has already declared that we need to have new special regulations...
What, Hegelian Dialectic you say? Sorry, wrong number...
Headquarters in the Bahamas should have been everyone's first clue. Like Monaco, it's a sunny place for shady people. But then, we're talking crypto investors.