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FTX In A Nutshell


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2022 Nov 14, 6:25am   9,770 views  232 comments

by cisTits   ➕follow (4)   💰tip ($0.37 in tips)  

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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1   WookieMan   2022 Nov 14, 6:38am  

cisTits says

Why were regulated entities like pension funds and insurance companies 'investing' in this crap in the fist place?

Why was anyone?? You're better off betting the over under on a football game. Win or lose everything. Crypto is the purest form of gambling along with sports betting. It's all fixed and pure shit.

My dad was an avid gambler. After he passed I found out how bad it was. A lot of these dudes had stories that were randoms that would recognize my last name if we met. My dad would bet $3-4k a round of golf. He filed his taxes one year with $100k in gambling gains. We're talking 1990 money too. It's the reason I don't gamble. Crypto is shit and it's why I'm so hard on it. Gamblers like drunks will always defend their habit.
2   cisTits   2022 Nov 14, 6:40am  

WookieMan says

Gamblers like drunks will always defend their habit.


Like the Bitcoin Fluffers on PatNet.
3   clambo   2022 Nov 14, 7:16am  

Crypto should have not been legal in the first place.
Credit Default Swaps trading among parties with no "insurable interest" should also have been illegal.

Greedy people will never stop inventing bullshit to sell to a clueless dude who thinks he's investing.

Greedy people will also never stop seeking bullshit "investments" to buy.

"You can't cheat an honest man." W.C. Fields.

My friend in Florida is a widow; her husband had made good money in finance or something, an ivy league degree, etc. and he lost a fortune to Bernie Madoff. He was greedy and hoped to get an outrageous return on his money.

"Everyone wants something for nothing; I just give them nothing for something."
Edit: I just saw that SBF was promising very high yield for $ (crypto) held at FTX.
Offering gamblers interest on their bets can be irresistible.
4   Ceffer   2022 Nov 14, 7:29am  

It's all based on fiat printing press and digital numbers representing no physical value in producing assets or commodities. It's the logical extension of the 'make something out of nothing' as long as you can fool most or all of the people most or all of the time (or just long enough to float the caper).

Collapse is inevitable. Kill the creditors, and flee with whatever you can to that non extraditable haven. The punk's plane was sighted heading to Argentina, or, as we should be calling it, Neua Globalist SwastikaLand, where the Khazarians and Nazi Globalists cavort together in demonic glee in their estates and bunkers (kinna like Ukraine?).

Gamblers will be gamblers, and you can't beat them off of gambling any more than you can beat a dog off a steak. Gambling is the superstition that you are special and that statistics will reverse themselves in your case to place you at the top of whatever fantasy heap you think you desire.
5   Ceffer   2022 Nov 14, 7:45am  

Of course, the daft celebrities never seem to learn. They followed Bernie Madoff down the impossible return rabbit hole, too. One can't help but feel a bit of shadenfreude at their gossip girl investing foolishness, especially since it was garlanded with all of the Global Warming and far left KommieKunt Democratic trimmings.
7   WookieMan   2022 Nov 14, 8:15am  

Ceffer says


https://t.me/JustDudeChannel/26155

And why does this come out AFTER the election? Everyone knows what is going on. There's too much shit going on with Ukraine. A sitting POTUS had his son working for an industry he knew nothing about. They're now at war. How stupid do people have to be? You bring this shit up and you're just labeled a conspiracy theorist. It's like people, look at the fucking facts we have?

There was no reason for Joe Biden to run for POTUS at his age. Trump wanted a bit of that power. I'm sure he's had some illicit gains from his time in office. Whatever, they all do. Biden I think was wrapped up in a criminal network/deep state ring of bull shit. He had to run or he'd end up dead or in jail.
8   Ceffer   2022 Nov 14, 8:35am  

The Woo pundits say that mass casualty threats have kept the Biden Actors in the sham administration going. Several nuclear weapons went 'missing' during Clinton and Bush years, probably donations by those Presidents to the Globalist One World cause to induce extortion. It appears to be enough of a real threat for the blackmails to work, at least in the short run.
9   Ceffer   2022 Nov 14, 8:43am  

AND watch this next conspicuous crime of sedition and treason dissolve in a Justice Department slow, slow walk, or maybe, no walk at all since they don't do shit about shit except political opponents.
10   RWSGFY   2022 Nov 14, 8:45am  

YOU ARE BITTER BECAUSE YOU'VE MISSED THE BOAT!!!
11   RWSGFY   2022 Nov 14, 8:48am  

Ceffer says

AND watch this next conspicuous crime of sedition and treason dissolve in a Justice Department slow, slow walk, or maybe, no walk at all since they don't do shit about shit except political opponents.




Oh my, after Nazis (with no proof), bioWEAPONS labs (with no proof) we now have "they've spent all the money on bitcoin" with no proof. This is starting to look like a pattern. A pattern of stupidity that is.
12   Ceffer   2022 Nov 14, 9:21am  

LOL! However, I would still hold out the possibility that this is the usual engineered Illuminati 'crisis' that they will promise to manage with CBDC 'regulated' crypto. Regulated by whom, Klaus, the Fed, Rothschilds and Rockefellers? FTX is a shell that was used and ran its course. May as well use it as a publicity stunt for the next con.
https://t.me/greatreject/44794
14   Ceffer   2022 Nov 14, 9:47am  

Of course, FTX Fried admitting that "FTX CEO Sam Bankman-Fried Admits FTX Was a Crypto Laudromat for Ukrainian Government
" isn't proof, is it? In the land of the blind, the one eyed man is king.
https://t.me/greatreject/44797
15   cisTits   2022 Nov 14, 11:22am  

Sammy Is going to get Epsteined real fucking quick unless he gets his ass to Russia first.
16   zzyzzx   2022 Nov 14, 11:31am  

WookieMan says

And why does this come out AFTER the election?


Same reason why all the layoff notices mostly came out after the election.
17   EBGuy   2022 Nov 14, 1:48pm  

I blame he who should not be named...
Harry Potter fan ex-girlfriend, 28, of FTX founder Sam Bankman-Fried bragged she only needed 'elementary school math' to be CEO of his start up - despite being propped up by funds from his failed sister crypto exchange
Mathematics graduate Caroline Ellison was the CEO of Alameda, which was backed by the collapsed cryptocurrency exchange FTX – being installed as the top boss after less than a year with the company, and just 18 months experience before that as a trader.
Alameda was allegedly transferred $10billion of FTX customer money in secret by founder and CEO Bankman-Fried. The Manhattan US attorney’s office is believed to be examining those reports.
Ellison gloated that she didn’t even need her mathematics degree to head up Bankman-Fried’s start-up.
The 28-year-old said she was ‘kind of thrown into’ making decisions at Alameda, which is known for its aggressive strategies in the crypto market and experienced heavy losses earlier this year.
She had only 18 months of trading experience when she moved to the company – and she was there less than a year before being moved into the top job.
18   EBGuy   2022 Nov 14, 1:56pm  

And Larry David truly is the GOAT...
Don't Miss Out on Crypto: Larry David FTX Commercial (warning: utube)

Good summary from NYTimes:
In the commercial, which was broadcast near the end of the first half of Sunday’s game, the famously crotchety actor plays his skepticism for laughs by mocking humanity’s great innovations. The wheel, he declares, is “a miss.” He informs Thomas Edison that the light bulb “stinks.” And in the scene that was supposedly responsible for Mr. David going hoarse, he tries to tear up the Declaration of Independence while hollering at the founding fathers about the ridiculousness of democracy.
The commercial closes with Mr. David rejecting FTX, and then a warning: “Don’t be like Larry. Don’t miss out on the next big thing.”
19   AmericanKulak   2022 Nov 14, 2:42pm  

EBGuy says

Mathematics graduate Caroline Ellison was the CEO of Alameda, which was backed by the collapsed cryptocurrency exchange FTX – being installed as the top boss after less than a year with the company, and just 18 months experience before that as a trader.

Hey @CisTits... here's one you can hold the nudes for.
20   cisTits   2022 Nov 14, 2:46pm  

AmericanKulak says


Hey @CisTits... here's one you can hold the nudes for


Already decided that when I saw how butt fugly that bitch of his is.

Yes. We do live in a world where there are actually some things that even I won't post.

@AmericanKulak
21   EBGuy   2022 Nov 14, 3:01pm  

FTX logo being removed from Memorial Stadium at UC Berkeley...


Epic rant from over a year ago by CS prof Nicholas Weaver
The just-announced Memorial Stadium naming rights deal — in which the United States branch of FTX Cryptocurrency Derivatives Exchange, or FTX, is supposed to pay a total of $17.5 million over 10 years for the naming rights to Memorial Stadium — represents UC Berkeley possibly setting its reputation on fire for a meager gain. The campus should either overrule the athletic department’s deal or, if that is not possible, reduce its contribution to the athletic department over the next 10 years by an equal amount. At least then a meager benefit comes back to campus in return for what is likely to be a substantial amount of reputational damage done to it by its decision to embrace both FTX in particular and cryptocurrency in general.
22   stereotomy   2022 Nov 14, 3:27pm  

EBGuy says

FTX logo being removed from Memorial Stadium at UC Berkeley...



Epic rant from over a year ago by CS prof Nicholas Weaver
The just-announced Memorial Stadium naming rights deal — in which the United States branch of FTX Cryptocurrency Derivatives Exchange, or FTX, is supposed to pay a total of $17.5 million over 10 years for the naming rights to Memorial Stadium — represents UC Berkeley possibly setting its reputation on fire for a meager gain. The campus should either overrule the athletic department’s deal o...

Does anyone need any more proof of endemic corruption in almost all levels of society (except those who refuse to be bought)?
23   Ceffer   2022 Nov 14, 3:51pm  

cisTits says

Already decided that when I saw how butt fugly that bitch of his is.

She looks like Portland coughed up a hairball.
25   NuttBoxer   2022 Nov 14, 6:13pm  

That's the least of what he had to cope to.
27   Patrick   2022 Nov 14, 10:52pm  

cisTits says

https://slaynews.com/news/ftx-ceo-admits-laundering-money-ukraine-government/





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.
29   zzyzzx   2022 Nov 15, 12:09pm  

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.


Looks like Hitler was right, again!
30   Patrick   2022 Nov 15, 12:24pm  

I didn't say that was the normal situation, but in this case, it looks pretty bad.
31   Patrick   2022 Nov 15, 12:26pm  

https://slaynews.com/news/wef-cover-up-links-ftx-ukraine-money-laundering-exposed/


WEF Tries to Cover-Up Links to FTX as Ukraine Money Laundering Exposed

The World Economic Forum and its powerful allies are trying to cover up their links to FTX as the recently-imploded cryptocurrency exchange’s money laundering operation in Ukraine has been exposed.

As Slay News has been reporting, details have been emerging that FTX has been at the center of a money laundering effort in Ukraine that has benefitted U.S. Democrats and powerful global elites.

FTX co-founder and CEO Sam Bankman-Fried has admitted that his crypto company severed as the Ukrainian government laundromat.

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, making the FTX CEO the Democratic Party’s second-largest donor after radical billionaire George Soros.
32   HeadSet   2022 Nov 15, 12:29pm  

Nothing in today's newspaper about FTX. Not on the front age, not in the national news section, not in the finance/business section.
34   HeadSet   2022 Nov 15, 12:41pm  

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.
38   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.
39   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.

40   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






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