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FTX In A Nutshell


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2022 Nov 14, 6:25am   35,677 views  235 comments

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https://doomberg.substack.com/p/poof-of-work




Some questions: will US taxpayers money or Fed fraud money be used to bail these idiots out? Why were regulated entities like pension funds and insurance companies 'investing' in this crap in the fist place?

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33   mell   2022 Nov 15, 3:23pm  

HeadSet says

cisTits says


https://www.cnbc.com/2022/11/15/ftx-says-could-have-over-1-million-creditors-in-new-bankruptcy-filing.html

Not one mention of Ukraine or money laundering in that CNBC article. From reading that article, one would think FTX was just another mismanaged company filing bankruptcy, and the SEC is investigating.

The fact that the xiden administration and many demonrats directly benefited from criminal money empowers the red states to declare anything this administration does from now on as null and void, neither chamber would have authority, even election results do not need to be certified / accepted until this is investigated as it's illegal for a foreign entity (Ukraine) to donate to the demonrat super-pack or candidate and thus influencing a presidential or any other election. Do I expect any serious action by the rethuglicans? No. But they could, the law would be on their side.
34   EBGuy   2022 Nov 15, 3:52pm  

HeadSet says

Not one mention of Ukraine or money laundering in that CNBC article.


I have yet to see any evidence of this. What is clear is that SBF was churning out FTT tokens like nobodies business. Obviously some of this "value creation" out of his black box found its way to the Democratic party.

35   Patrick   2022 Nov 15, 9:48pm  

https://freebeacon.com/democrats/bankman-fried-democratic-donor-scandal/


Sam Bankman-Fried Is Not Alone: Some of History’s Greatest Monsters Were Democratic Megadonors
Disgraced crypto guru continues a storied tradition






37   HeadSet   2022 Nov 16, 8:35am  

Today's newspaper finally mentioned FTX bankruptcy. No mention of Ukraine. Is there a reliable source that shows Ukraine invested in FTX?
39   Patrick   2022 Nov 16, 10:49am  

HeadSet says

Today's newspaper finally mentioned FTX bankruptcy. No mention of Ukraine. Is there a reliable source that shows Ukraine invested in FTX?


i believe that Sam Bankman-Fried outright said in a video interview that Ukraine was investing some of the money the US sent to it into FTX.
41   EBGuy   2022 Nov 16, 1:43pm  

Patrick says

i believe that Sam Bankman-Fried outright said in a video interview that Ukraine was investing some of the money the US sent to it into FTX.


The slaynews video links say no such thing. Haven't seen any other sources. FTX was used for humanitarian aid and SBF said (from the slaynews CNN Twitter vid) : "we do have a relationship with the ukrainian government for raising capital for them using cryptocurrencies that run through FTX".
That said, one does wonder if any high level gov't officials stored their Swiss mattress money in FTX (poof!).
42   Ceffer   2022 Nov 16, 2:40pm  

I'm waiting for the list of burned investors and celebrities, with the usual wailing and gnashing of teeth. "I'm down my last 50 million because of this creep! Pity me in my deceived magnificence!"
43   Patrick   2022 Nov 16, 8:19pm  

https://dossier.substack.com/p/sam-bankman-fraud-evidence-points


The world has entertained endless intrigue over the spectacular collapse of Sam Bankman-Fried’s crypto house of cards. It’s hard to blame anyone for donning their tin foil hat in times like these, but sometimes, it’s better to entertain the possibility that the simplest, most direct explanation makes the most sense. And the available public evidence tells us a story of a man who was running a by the book Ponzi operation from the very beginning. ...

Bankman-Fried was the second biggest Democrat donor behind George Soros. He was working on policy in partnership with the top echelons of government and regulatory bodies. He bought off large chunks of the media. He appeared to be engaging in sketchy fundraising activity for the notoriously corrupt Ukrainian government. He facilitated partnerships with A-listers in Hollywood and the sports world. When he wasn't posted up at his bizarre Bahamas commune, Bankman-Fried was hanging out with some of the most powerful people in the world.



... In all likelihood, Sam Bankman-Fried’s crypto Ponzi was off to the races when he received the $50 million loan to execute his arbitrage trades, which according to insiders, amounted to nothing in the end.

Over the past few years, SBF has levered up the Ponzi to higher and higher levels. As we’ve reported in The Dossier, SBF and his colleagues spent the days before the collapse of FTX attempting to de-risk the Ponzi through lobbying efforts. They sought to win the day by achieving a government-sanctioned monopoly of their fraud scheme. ...

This is where supporting the Current Thing, partnering with A-listers, and schmoozing with powerful people in government and private industry comes in. SBF needed to continue financing the Ponzi by manipulating the media and the general public. He almost accomplished that feat, but the clock ran out before he could execute that final regulatory trade.
45   Patrick   2022 Nov 16, 8:55pm  

https://slaynews.com/news/full-list-democrats-ftx-ceo-pumped-cash/


One of the biggest scandals emerging from last week’s implosion of cryptocurrency company FTX is how much cash the CEO was pumping into the coffers of U.S. Democrats.

As Slay News has been reporting, FTX has been exposed for being at the center of a money laundering effort in Ukraine.

FTX co-founder and CEO Sam Bankman-Fried has admitted that his crypto company served as the Ukrainian government’s laundromat that has benefitted U.S. Democrats and powerful global elites.

After Democratic Party politicians, including President Joe Biden, pushed for billions of dollars in taxpayer money to be sent to Ukraine, the funds were laundered through FTX and funneled back into the 2022 midterm elections campaigns of Democrat candidates and the pockets of powerful elites.

Bankman-Fried is on record pumping $40 million into Democrat campaigns this election cycle.

The staggering donations make the FTX CEO the Democratic Party’s second-largest donor after radical billionaire George Soros. ...

The following is a list of Democrats, all of whom won re-election, that Bankman-Fried directly pumped cash to:

Rep. Lucy McBath (D-GA)
Rep. Shontel Brown (D-OH)
Rep. Robert Garcia (D-NC)
Rep. Valerie Foushee (D-NC)
Rep. Jesus “Chuy” Garcia (D-IL)
The donations didn’t end there, however, as Bankman-Fried plowed millions into groups that funneled money to Democrat campaigns. ...

The 30-year-old donated $27 million to Protect Our Future PAC, a left-leaning group that, in turn, spent heavily on behalf of Democrat candidates for the House of Representatives.

A contribution of over $10 million from Protect Our Future PAC, on behalf of Bankman-Fried, benefited Carrick Flynn, who lost his Democratic Party primary in Oregon.

Bankman-Fried also contributed $1 million to the Senate Majority PAC, which supports Democratic candidates for the Senate.

He also pumped $6 million into the House Majority PAC.
46   Patrick   2022 Nov 16, 9:31pm  

https://drpanda.substack.com/p/bankrupt-cryptocurrency-exchange


Bankrupt Cryptocurrency Exchange Funded Fake Ivermectin Studies
FTX funded studies (using depositors' assets) falsely claiming hydroxychloroquine, ivermectin weren't effective Covid treatments.
49   Patrick   2022 Nov 16, 9:53pm  

Patrick says

I hate to admit that if you think that Jews in various countries are cooperating on nefarious schemes to influence world politics, well, this does seem to be an example of that.


Huh, Schumer fits with this too.



50   Patrick   2022 Nov 16, 9:55pm  



Not true actually.

SBF and FTX seem to have donated exclusively to Democrats.
51   Patrick   2022 Nov 16, 9:56pm  



It's just like the vaxx. Everyone knows they lied, but they keep right on lying and raking in the money.

They're not going to stop.
54   AD   2022 Nov 16, 10:32pm  

Its going to be interesting to see how the Democrats like Maxine Waters tries to distract from this or even try to protect this former CEO of FTX and Democrat mega donor.

Maybe they will blackmail the Republicans if they try to have hearings into this by threatening to release dirt on them, J Edgar Hoover-style or Clinton Crime Family style.

.
55   komputodo   2022 Nov 16, 10:39pm  

cisTits says

Some questions: will US taxpayers money or Fed fraud money be used to bail these idiots out? Why were regulated entities like pension funds and insurance companies 'investing' in this crap in the fist place?

If they are part of the elites, of course they will. And to answer the second question: because it was a sure thing.
56   komputodo   2022 Nov 16, 10:41pm  

ad says

Maybe they will blackmail the Republicans if they try to have hearings into this by threatening to release dirt on them, J Edgar Hoover-style or Clinton Crime Family style.

That goes without saying.
57   Ceffer   2022 Nov 16, 11:04pm  

"The CIA said 'pull it, your plane to Argentina is waiting on the runway with your papers and passport on board'".
https://t.me/WeTheMedia/80072
59   clambo   2022 Nov 17, 6:15am  

The Twilight Zone that is life today has a new chapter.
60   RayAmerica   2022 Nov 17, 10:30am  

Jim Cramer said that Sam Bankman-Fried was the "J. P. Morgan of our generation." Jim Cramer also slobbered all over Elizabeth Holmes, the con-artist founder of Theranos. Cramer also recently apologized (even shed some tears) over his being so 'wrong' about hyping the Facebook/Meta stock that recently tanked. I think I'm beginning to see a pattern here, but I'm not sure.

Wrong AGAIN! Flashback as Jim Cramer calls FTX’s Sam Bankman-Fried the JP Morgan of this generation (Video)

https://www.wcbm.com/2022/11/14/wrong-again-flashback-as-jim-cramer-calls-ftxs-sam-bankman-fried-the-jp-morgan-of-this-generation-video/
62   Eric Holder   2022 Nov 17, 11:18am  

RayAmerica says

Jim Cramer said that Sam Bankman-Fried was the "J. P. Morgan of our generation." Jim Cramer also slobbered all over Elizabeth Holmes, the con-artist founder of Theranos. Cramer also recently apologized (even shed some tears) over his being so 'wrong' about hyping the Facebook/Meta stock that recently tanked. I think I'm beginning to see a pattern here, but I'm not sure.

Wrong AGAIN! Flashback as Jim Cramer calls FTX’s Sam Bankman-Fried the JP Morgan of this generation (Video)

https://www.wcbm.com/2022/11/14/wrong-again-flashback-as-jim-cramer-calls-ftxs-sam-bankman-fried-the-jp-morgan-of-this-generation-video/


Seriously? You are just now discovering what Jim Cramer is? LOL
63   Eric Holder   2022 Nov 17, 11:20am  

Patrick says








Another stupid cunt making a claim. When will they start producing evidence?
64   EBGuy   2022 Nov 17, 1:29pm  

I've been addicted to the All In podcast the past couple of months. Their last one was on the elections and crypto. It featured the Coinbase CEO, and the section about red flags and SBF was very interesting. See Chamath's comments.
David Sacks had a great quip about "effective altruism" as enacted by SBF and FTX colleagues: Steal other people's money while bragging about saving the world while taking a big chunk for yourself.
e104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more
65   Al_Sharpton_for_President   2022 Nov 17, 1:45pm  

EBGuy says

effective altruism

Sounds like the pro-jab rationale. Destroy small businesses, take away freedom, kill people, injure people, fire people, censure people, violate the Nuremberg code, while bragging about saving the world.
66   EBGuy   2022 Nov 17, 2:04pm  

Eric Holder says

When will they start producing evidence?

IF something like what they're alleging went on, it should be on the blockchain (somewhere). They may get lucky and be right, but at this point they're just undermining their credibility be repeating an unfounded allegation. That said, I still can't figure out where FTX tokens (FTT) reside.
67   Patrick   2022 Nov 17, 2:08pm  

Al_Sharpton_for_President says

EBGuy says


effective altruism

Sounds like the pro-jab rationale. Destroy small businesses, take away freedom, kill people, injure people, fire people, censure people, violate the Nuremberg code, while bragging about saving the world.


Sam Bankman-Fried did not even believe in "effective altruism" himself, but admitted it's just a scam:

Patrick says




https://nitter.net/DavidSacks/status/1593041589685063683#m
68   richwicks   2022 Nov 17, 3:14pm  

EBGuy says

Eric Holder says


When will they start producing evidence?

IF something like what they're alleging went on, it should be on the blockchain (somewhere). They may get lucky and be right, but at this point they're just undermining their credibility be repeating an unfounded allegation. That said, I still can't figure out where FTX tokens (FTT) reside.


And that's the point of doing it, to undermine the credibility of people that believe it.

We HEAR this shit, but I don't see any evidence of it yet.

Really, the Federal Reserve can create as many bullshit shell companies they want, and use that to funnel money to anything they want. They don't need to go through complex scams.
69   Patrick   2022 Nov 17, 8:31pm  

https://www.dailymail.co.uk/news/article-11438875/Questions-SEC-chair-Gary-Gensler-agency-miss-signs-FTX-collapse.html


SEC chair Gary Gensler 'is in a corner' as Congress demands to know how his agency MISSED signs that FTX was about to collapse - despite 45-minute Zoom call with Sam Bankman-Fried where they discussed a NEW trading platform

SEC chair Gary Gensler is under scrutiny over his failure to prevent the implosion of FTX




So SEC chair Gensler was a professor at MIT and perhaps knew Sam Bankman-Fried from there?

And Gensler's former boss Glenn Ellison is the father of Bankman-Fried's girlfriend.

The incest is amazing. Must be nice to be buddies with the head of the SEC when you're doing massively illegal things that the SEC should be prosecuting...

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