Bitcoin Forum

Why. FBI have not tracked down accounts wallet and taking money they can track down everybody.

It's Simple track the wallets and return the money money dont disapeare only exchanges from one pocket to other pocket.
Just follow and take it and pay back all the traders.

How many years Sam bankman Will get prision ?
Probably 50 years Also Im sure he not weclomed by other inmates there becouse he been taking more money then madof or MT grox.

Also now it's the time for FBI to show that they getting tax payers money for reason.

Is he alreay in prison? Not yet, right?

The FBI can track everybody down but this is crypto. You can't have an idea on who owns those addresses and wallets not until you've known they own it personally.

Well, for some light of hope. With those hacks and scams that has happened to other companies, I've seen news that a portion of it have been retrieved and taken back. Hopefully, it'll be the same for FTX victims.

Not yet in prison, the problem is FBI needs strong evidence of wire fraud which engaged in a scheme to defraud.  We're in cryptocurrency which you can completely cover your ass against authorities.

Based on the reports that I've read the maximum term is a 20-year sentence, plus addition to fines.  It's wire fraud.

I think it's hard for them to solve when it comes to crypto. 

Because FTX is already bankrupt and there's no such insurance company who will refund to every accounts. Actually the hacker are stole centralized coins that Sam Bankman can easily ask the developer of the coins to freeze the coins, but he's too late and the hacker already convert it to Bitcoin. Since Bitcoin is decentralized and there's nothing can stop Bitcoin transaction except it's still on centralized exchanges, the hacker can successfully rob all of FTX money.

When a company declares bankruptcy, those who invested or allocated capital to it have no claims as far as I know. But that does not mean that the real culprit will not be imprisoned.

Of course, there will be a thorough investigation into that, and I think the FBI is going to have a hard time with this. But for now, they don't have strong or strong evidence against Sam Bankman Fried, besides that SBF also seems to have a strong backup that is a politician or a corrupt government official, I just can't remember which link platform I read it on.

It would be a long process before anything would be finalized and this is the con's of crypto when it comes to verification or tracing up everything.They cant just easily accused out without having solid evidences

which means that SBF isnt really still be sure that this guy would really be imprisoned. There would be indeed investigations would be made but it wont really be something an easy and fast solving out this case.

Feel sorry for those who had been affected on this bankruptcy issue which the truth is those funds been used on other means.This is why its never been that suggestable on storing up your
funds or assets on an online exchange platform which you dont really possess the keys.People never ever learn and would really be just doing things when they are already getting fucked up.
Not your keys = not your coins... this should really be put up into someones mind.

He is not yet in prison mate, He is currently in vacation in Bahamas with the CEO of Alameda lol, and in fact he has a new tweet (https://twitter.com/SBF_FTX/status/1595512579417378837 ) saying he will be speaking speaking at the summit. I dont know why this man still not imprisoned considering millions of dollars he stole from crypto investors.

He is still doing interviews.  ;D
SBF is not a nobody. He was supported by the big people in the government including Gary Gensler.

I suspect the investigation will even be flipped and focused more on the users/investors as to how they got thier money and whether are they paying taxes. The thousands of IRS agents will come into thier residence.

This only happens in the crypto business as there is currently no crypto regulation, but if FTX were a traditional business then things would be different. FTX does not register business licenses in all countries, so once bankrupt, they are not obligated to compensate investors but in the US and Bahamas, FTX is obligated to compensate investors if they don't want to be sued and go to jail. FTX has business registration in these 2 countries.


SBF has a close relationship with Democrats and this incident was intentional or the collapse of FTX because Sam used users' money for private purposes such as buying land, villas...It's all just rumors and no one knows the truth. But I believe that regardless of the outcome of the investigation, the possibility of him going to jail is unlikely as crypto investment is always warned by the government as risky and the investor is responsible for their decisions.

Maybe the authorities don't want to open up to the public about the investigation being carried out to prevent the criminal from going away making it even more difficult to trace but It's only a matter of time until we finally read the news that he's been arrested, what's weird to me is how the organizers of the event still allowed him to speak at the event and if I were one of the participants at the event would opt out because everything he said was bullshit, and people who have made a bad image of crypto should be prohibited from returning to activities in crypto although he could assume a new identity.

What is the FBI's relationship to this case? It seems that you watch a lot of movies, there are other censorship authorities that handle financial investigations, and it is now up to the regulators.

Unfortunately, when you deposit your money in central platforms, you trust that the platform will return that money to you. Otherwise, recovering it through the regulatory and legal authorities may take many years.

There is no point in tracking all that money because it’s gone now. People would deposit into FTX and then the money would be sent to alamada and they would lose it trading.

You would of assumed they knew what they were doing being in business all these years. But apparently they were horrible traders and just kept blowing their balance every month and had to replenish next month with more users funds.

The funds are gone. No point in looking for them.

Frankly, I share that sentiment of what happened at FTX being a deliberate plan orchestrated by SBF. He can't deny he didn't have a hand in the collapse of his exchange. Dude isn't clean. There was a lot that went on in the background which will soon be revealed in time to come. His books and records aren't clean and that was why CZ Binance backed out from the deal of taking over FTX. Though I ain't a victim, I can imagine the pains of those who lost cash by patronizing that exchange. Sam deserves to get a jail term.

Latest investigation revealed that 8 congressman from which 5 of them received donation from SBF for the mid term election. They shut down the investigation upon FTX few months before. Now you know why SBF is still not in a jail. This is going to be one of the greatest scandal of USA's history and it shows how corrupt their senator and journalist became.

There are still a lot of rumors that prison for Sam Bankman-Fried seems impossible. That's also what I am thinking because it's clear that he really used the FTX's customers' fund. And why he is still not in prison. This is the power of money.

But I believe, these coming weeks, there will be updates about FTX and Sam Bankman-Fried. There are still lot of people who are hoping to get their money out of FTX.

He involves too much in politics in the US. It is strange to see on social media, on newspapers, recent days, there are many articles that wrote good words about Sam and shown sympathy about him. They try to distort the truth and make their readers think Sam is like a victim but not a reason of that collapse. Maybe the Democrats party and related entities try to do something for Sam.

More weird, rather than investigating about Sam and FTX, they are trying to investigate about CZ and Binance and consider the collapse of FTX is because of Binance and CZ.

There will be updates certainly but what we can expect from the US. governments after all the distorted and misleading articles we have been reading recent days. It can be a plan from them to open a safe exit gate for Sam, but not a gate to prison.