FTX comedy and might be another exchange that bites the dust?

[Rikafip]

I thought that SBF's ex-girlfriend would avoid prison altogether due to ratting him out, but I guess that won't be the case, as she was sentenced to 2 years in prison today. It will of course be in a minimum security prison, but better that than nothing.  

Former co-CEO of Alameda Research Caroline Ellison was sentenced on Tuesday to two years for her role in the collapse of crypto exchange FTX which caused consumers to lose billions of dollars.

Ellison, who is also the ex-girlfriend of former FTX CEO Sam Bankman Fried, pled guilty in December 2022 to two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, one count of conspiracy to commit commodities fraud, one count of conspiracy to commit securities fraud and one count of conspiracy to commit money laundering. Alameda Research had close ties to FTX, and both were founded by Bankman-Fried.

Ellison will also have to forfeit about $11 billion and can serve her sentence at a "minimum- security facility," according to Bloomberg.

Ellison addressed the court on Tuesday and said she wanted to apologize to those who lost money because of her actions. She said “not a day goes by that I don’t think about all of the people I hurt,” according to reporting from Bloomberg.

[bbc.reporter]

@Rikafip. She was the biggest cause on why FTX used customer funds. It was her mismanagement of Alameda Research's trades which were very much over the limit of normal leverage for the amount of liquidity that they have used. I am not quite certain how she has convinced Sam to transfer customer funds to use as cashflow to save their trades.

Also, if CZ did not dump FTT and caused the big fear in the cryptospace, I speculate that FTX might have survived the bear market. CZ might have done this to kill FTX, I reckon. He might have pretended to help the exchange to get entry on their accounting books to gather information on their balance sheet hehehehh.

[Rikafip]

I am not quite certain how she has convinced Sam to transfer customer funds to use as cashflow to save their trades.

Men are willing to do very stupid things in order to get some pussy. 

Also, if CZ did not dump FTT and caused the big fear in the cryptospace, I speculate that FTX might have survived the bear market. CZ might have done this to kill FTX, I reckon. He might have pretended to help the exchange to get entry on their accounting books to gather information on their balance sheet hehehehh.

Imo, CZ only sped up something that would have happened sooner or later. It's better that it happened sooner because FTX was constantly growing, and even more people would have lost their money if it had happened 2-3 years later.