Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by psychlops on Tuesday November 15, 2022 @08:54AM
(#33609171)
This. It's astonishing to see how they are cushioning the fall.
[ Parent
| on HN ]
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by chockZ on Tuesday November 15, 2022 @09:29AM
(#33609543)
Considering the legal exposure SBF has and the (in my opinion high) likelihood of going to jail for a very long time, I was amazed that the NYT got SBF on the record at all. Every time he opens his mouth he is just giving the DOJ more rope. I'd agree that the Times was soft on him and FTX in general, considering the vast criminality of the organization, but the article is not going to change the inevitable criminal outcome here.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by yeahwhatever10 on Tuesday November 15, 2022 @10:36AM
(#33610420)
SBF was Biden’s second largest campaign donor and his mysterious business partner Gary Wang has suspected ties to the CCP. The DOJ will certainly not be looking into SBF.
And I know you won’t believe it, so go listen to Marc Cohodes on the Hidden Forces podcast.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by xadhominemx on Tuesday November 15, 2022 @11:09AM
(#33610966)
The DOJ is already looking into SBF.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by yeahwhatever10 on Tuesday November 15, 2022 @11:20AM
(#33611139)
Same DOJ that looked at Epstein? ‘Looking’ is carrying a lot of weight here.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by xadhominemx on Tuesday November 15, 2022 @12:00PM
(#33611784)
Yes. If you recall, Epstein died in a federal jailhouse awaiting trial and then his girlfriend/madame was tried and sentenced to 20 years in prison.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by yeahwhatever10 on Tuesday November 15, 2022 @12:24PM
(#33612189)
And after that they kept investigating right? Prosecuted his clients and backers, right? Right?
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by xadhominemx on Tuesday November 15, 2022 @02:32PM
(#33613811)
How does this tie back to SBF?
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by chockZ on Tuesday November 15, 2022 @11:38AM
(#33611427)
SBF was not a "Biden Campaign Donor" - he donated to various Democratic candidates and PAC's. You also neglect to mention that FTX's Co-CEO (Ryan Salame) donated $23MM to GOP candidates/PAC's and was the 10th largest GOP donor in the Midterms.
As far as the DOJ goes - they are already "looking into SBF" and if you honestly don't believe he will go to jail for a very, very long time then I have some waterfront real estate in Nebraska that I'd like to sell you...
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by yeahwhatever10 on Tuesday November 15, 2022 @11:45AM
(#33611537)
You just can’t accept that your beloved politicians are crooks.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by freejazz on Tuesday November 15, 2022 @01:36PM
(#33613110)
Projecting.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by dfghbbjiiugb on Tuesday November 15, 2022 @02:00PM
(#33613396)
>his mysterious business partner Gary Wang has suspected ties to the CCP.
What, just because he's Chinese-American? Is there any basis for this or is it just racism?
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by MichaelCollins on Tuesday November 15, 2022 @10:37AM
(#33610440)
Bankman-Fried must think the fix is already in.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by koolba on Tuesday November 15, 2022 @08:59AM
(#33609223)
Given the scale of the fraud, public opinion or even legal consequences are probably not the greatest of worries for SBF et al.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by boppo1 on Tuesday November 15, 2022 @09:06AM
(#33609301)
He's still playing League. Seems like he feels he doesn't have worries, perhaps because he's so well connected.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by xadhominemx on Tuesday November 15, 2022 @09:10AM
(#33609339)
No, he’s worried. Come on.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by MichaelCollins on Tuesday November 15, 2022 @10:39AM
(#33610472)
Is there any evidence of him being worried, or are you extrapolating this belief from the knowledge that you would be worried?
Remember that sociopaths don't think the same as the rest of us.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by xadhominemx on Tuesday November 15, 2022 @11:07AM
(#33610927)
Is there any reason to think he’s not worried other than the fact he’s blown of steam with a few hours of gaming?
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by MichaelCollins on Tuesday November 15, 2022 @11:11AM
(#33610997)
The fact that he's still talking to the media. The fact that he's a sociopath who's been running a scam for years. Normal people don't have the nerve to do things like this.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by DebtDeflation on Tuesday November 15, 2022 @09:47AM
(#33609730)
When you have a net worth of $26B as he did a month ago, even if it was mostly paper gains on shitcoins, you manage to get some of the money out of the system and hide it away. Even if FTX is bankrupt and his current paper net worth is $0 or negative, he almost certainly has $100M or so squirreled away in multiple accounts in multiple countries with lacking regulations, in the name of a shell companies that can't be tied to him.
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by amyamyamy2 on Tuesday November 15, 2022 @11:45AM
(#33611547)
He hasn't played in over a year it seems:
https://www.op.gg/summoners/jp/TSMFTX%20SBF is his account and
https://twitter.com/SBF_FTX/status/1407924282865246215?ref_s... has evidence
Re:FTX Was Registered with and Licensed by the CFTC, Which F...
by omgomgomgomg on Tuesday November 15, 2022 @01:00PM
(#33612665)
He is probably preparing for prison time.
All jokes aside, he used to game a lot, I think it was always to distract himself from stress. Business going bad and only you know it >> excessive gaming. Engaging in fraud and being nervous about it >> more gaming. Looking at a lot of prison time and death threats(there have been many on reddit) >> more gaming.
It is a coping mechanism.