Yahoo Finance’s Jennifer Schonberger breaks down a new court filing in Delaware as FTX begins Chapter 11 bankruptcy proceedings that contains comments from FTX CEO John Ray III slamming the crypto exchange’s lack of oversight controls.
Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes
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Slam Genslers involvement too
FK Y’ALL, I’M KEEPING MY HALF A MILLION DOLLARS IN FDIC SAVINGS REGULAR BANK ACCOUNTS, AND GOOD INTEREST PAYING FDIC CD CERTIFICATE OF DEPOSITS
Dark Web casino in action , don’t worry everyone no one will be held accountable! See you in the Bahamas, order me a Pina colada
Waiting for the movie series, it should tower we crashed and super pumped!
I hope SBF’s role is played by Rosanne Barr.
“Where’s the money Lebowsky ?”
It’s down there somewhere, let me take another look.
He’s another gangster
Two weeks to flatten the curve!
I’m guessing those falling from contagion effects are run in a similar way. Crypto buyers are special…
“unsophisticated” sounds like a euphemism for “dumb as a rock” to me.
Heyyy, there! Watch it: you’re insulting the rocks out there! 😛
@John C 😂
Cz next to fall
All the ‘sophisticated’ institutions who invested in FTX should be blacklisted. Bye bye Temasek and Ontario Teachers.
We need public tribunals to expose all guilty parties and hold them accountable.
Sam Bankman Fried deserves the death penalty
The circus is going on with the twin rowers…….hahaha…..pure joy…
If you find one mouse there are more mice
Cockroachs too…. Disgusting pyramid scheme scumbags also
How was this group able to grow and promote itself and gain access to politicians, write regulations and get its name on arenas, baseball events and players? What does compromised mean in this context?
Talk about the connections man…. Just follow the paper trail or the money trail
New York Times wrote an article about the founder, yesterday. “Compromised” means he wasn’t focused and needed higher doses of ADHD medications…but the NYT says he is a good man and sleeping well. The Washington Post is also calling him a good guy that donated customer funds out of the kindness of his own heart showing integrity. The papers that are not total Democrat opinion propaganda wrote that he basically was misusing customer funds to donate to Democrats and nonprofits and to gamble in Crypto day trading in his other company.
@Jim M yeah, many things wrong here. One of them is he/they probably oversold themselves and people wanted to believe. No one bothered to even check but just gave themselves away to this. I imagine the politicians don’t feel smart themselves and gave away their power of discernment. Add a lot of hype and paying influencers and maybe the people pulling the strings had negative intentions all along and here we are. There’s much more to this whole story and yes he’s a fraud but there’s much bigger story behind them. They’ve also been used I think. They’ll all end up in prison. They should be careful though. They have no idea whose money they’ve now lost and spent. I imagine many people are embarrassed and humiliated and who knows what they’ll do in response.
@Kimberly G Will be a good book and movie about it in a few years. Doubt they will end up in prison because few white-collar criminals do. Elizabeth Holmes gets sentenced tomorrow and she is now ultra-wealthy from defrauding investors and likely won’t do much time. Politicians don’t really do much and won’t do anything that would prevent this from happening often in the future. They did spend a lot on marketing, but I don’t know how anyone would believe SBF is some market genius, I listened to him speak after this happened and he never made sense. Caroline Ellison made even less sense…I am shocked they weren’t community college graduates. The other two big players are ghosts.
@Jim M interesting. Seems like these people had it all set up from the beginning. Didn’t hurt that lawyers were around. They should be very careful though. Prison isn’t the worst that can happen. They stole from other criminals who will soon be showing up in their lives in big ways. A piggy bank of sorts with all those other entities. But stealing from other crooks come at a cost. Very high costs indeed. Furthermore, the two cases are very similar. Probably the same fraud. By the book.
When will we realize these firms exist as slush funds and money laundering extensions for invisible entities,while investors are left w pockets inside out…..
Binance will be the next to go
How do you know their business model doesn’t have the same flaws as ftx. There is no financial oversight, not regulated.
So the Democrats are just going to let the money laundry scheme keep going ? This isn’t a company, it’s a scam. Ohhhh that’s why the Democrats are ” nothing to see here ” concerning this story if the decade LOL GRIFTERS GUNNA GRIFT!
Don’t be surprised to lose all of your money in crypto… Only use case for any crypto is for criminals to launder their filthy money… And for the people who got into the pyramid scheme early to make money from the suckers who are getting it now
The destruction of crypto DEMOCRATS fuel & food shortages DEMOCRATS Inflation DEMOCRATS War DEMOCRATS cartel drugs #1 killer of Americans 18 to 45 DEMOCRATS
*Right now Binance official exchanger have a bug*
*it exchanges BTC to ETH almost x10 rate fully automatic*
*I posted a video’*
The ceo is a scamer also
Jail this guy Bankman, along with Weisnten, Epstien, Fiendman, Bernie Madoff …whats going on..jail them all. No bail out!
Jail? No point, bring death penalty for him instead
Binance is next, they were transferring money for Iran. Binance is next!
🗨️🗨️🗨️🗨️🗨️
GUUUUUUUUUUYS there’s a bug on the Binance DEX right now!!!
It’s exchanging crypto for almost 10x, I did a video
💌💌💌💌💌
His TELEGRAM below ..No additional number>>
@kayled
I’m surprised that this name is being mentioned here, I stumbled upon one of his client’s testimonies on TELEGRAM last week….
It’s so frustrating to lose from trading alone and from price drops! Will surely reach out to Him and start learning the right way
Nice. i am also interested , i will contact him now
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 NO WAY TO GET RICH QUICK?
This will be the beginning of crypto downfall. Obviously , human greed is one of the factor.
Oy Vey.Shut it down!!!
💬💬💬💬……..
I feel lucky that I didn’t invest in LUNA or FTX but I made the wise decision to invest in RBIF . So far my wealth has increased by 50%
💬💬💬☝️☝️
More profitable ideas let discuss on whatsapp ☝️☝️☝️
DC UNIPARTY pushes Billions of US Tax Dollars into unaudited CIA Ukraine Proxy WAR blackhole. CIA installed Ukraine PUPPET pushes funny money into CIA Cryptocurrency Front Operation. CIA PATSY from techie central casting launders cash back into US sElections, PACs, & UNIPARTY Politicians.
*FTX Bankman-Fried made multiple visits to the White House according to White House visitor logs.* 👀
It’s getting spicy!!! Somebody bout to commit Epstein.
But according to Kevin O’leary he has nice parents
I’m now bouncing back to a normal life with the help of miraveststock after all I’ve lost in cfx and FTX miraveststock has better my life and the life of my family with the weekly profit.