[Updated] FTX

[Ryu_Ar1]

My prediction on the conclusion of Sam Bankrupt-Fried's case on October.

He will be fined and he will be freed. His mother's connections with those politicians in Democtratic party will make certain of this because if he is charged guilty, there are important people in FTX that might also be implicated. They will be protected. The case will also mention Binance and CZ's liquidity attack on FTT causing a cascade of dumps that triggered the destruction of FTX. The American government will certainly use this to start a campaign against Binance. They have always looked for a reason to crackdown the biggest exchange, however, CZ appears to play cat and mouse very well hehehe.

However, he cannot play cat and mouse forever against the American government. I will not hold any coin in Binance if the case begin mentioning CZ.

It's interesting to see some news now with him not pleading guilty to some of the charges that were brought against him in contrast to the same 2 colleagues as Caroline Ellison and Gary Wang who pleaded guilty.
But on the other hand there are things that I think are a little unique now when I see some of the people who vouch for Sam Bankman now.
There are two parents who will back it up at this time and we know what the condition of the parents is like and their closeness to several big people will certainly have an effect and there are two people who don't want to be named who are ready to guarantee even though this seems to be imposing and of course if this being totally innocent and the accusations getting unproven i think its a bad joke from them and i see a lot of that.

btw ProPublica is also rumored to be returning USD 1.6 million received from the FTX founding family foundation Sam Bankman-Fried.
Later the funds will be transferred to several separate accounts until the legal authorities decide where the money should be returned and ProPublica also says it has ended its relationship with the foundation.

[1714587752]

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[1714587752]

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[o_e_l_e_o]

It's interesting to see some news now with him not pleading guilty to some of the charges that were brought against him in contrast to the same 2 colleagues as Caroline Ellison and Gary Wang who pleaded guilty.

They likelihood is that Ellison and Wang were offered deals in which they pleaded guilty and dished the dirt on SBF in return for lighter sentencing for themselves. SBF will have no such possible deal available to him, so his best defense is to plead not guilty and let his lawyers come up with some sort of a case to lessen his sentence.

There are two parents who will back it up at this time and we know what the condition of the parents is like and their closeness to several big people will certainly have an effect

The parents are complicit, from what I've read. Properties bought with FTX funds but then registered in the name of the parents, the father widely promoting/shilling FTX, the mother moving FTX funds through her super PAC, etc. They could also be facing charges.

[Rikafip]

SBF will have no such possible deal available to him, so his best defense is to plead not guilty and let his lawyers come up with some sort of a case to lessen his sentence.

Isn't that the extra risk since Caroline Ellison pleaded guilty for 7/8 charges that SBF is charged with (afaik the only one that she wasn't charged with was "Conspiracy to defraud the United States and violate the campaign law") so chances of him getting acquitted for any of those seven charges are slim to none as his (ex?) girlfriend will get away with fine (and of course losing all the assets acquired via FTX/Alameda) as long as she cooperates with the prosecutor so you can imagine what she will say about his involvement.

Pleading guilty might be just the tactic to buy some extra time before he pleads guilty as well and ending up with a ridiculously low sentence like few years in a minimum security prison.

[o_e_l_e_o]

Isn't that the extra risk since Caroline Ellison pleaded guilty for 7/8 charges that SBF is charged with (afaik the only one that she wasn't charged with was "Conspiracy to defraud the United States and violate the campaign law") so chances of him getting acquitted for any of those seven charges are slim to none

I don't disagree with that, and I don't think it will make any difference to the final guilty verdict, but at the same time there is probably nothing for him to gain by pleading guilty. He will not be offered a plea deal, or lighter sentencing, or anything like that, in return for doing so. So even if he knows he is guilty on all charges and fully expects to be found guilty on all charges, it still makes sense (from a personal preservation point of view) for him to plead not guilty and let his legal team try to come up with something or find some kind of legal loophole or grey area which could lesser his sentence.

Pleading guilty might be just the tactic to buy some extra time before he pleads guilty as well and ending up with a ridiculously low sentence like few years in a minimum security prison.

Probably. He has the right connections and made plenty of political donations to both parties. I'm sure he will be rewarded accordingly.

[Ryu_Ar1]

It's interesting to see some news now with him not pleading guilty to some of the charges that were brought against him in contrast to the same 2 colleagues as Caroline Ellison and Gary Wang who pleaded guilty.

They likelihood is that Ellison and Wang were offered deals in which they pleaded guilty and dished the dirt on SBF in return for lighter sentencing for themselves. SBF will have no such possible deal available to him, so his best defense is to plead not guilty and let his lawyers come up with some sort of a case to lessen his sentence.

This is possible because if they (Caroline Ellison and Gary Wang) deny this as well as the SBF then this possibility will also be a bigger shock, especially if their punishment will obviously be a little heavier so it's a good choice actually if they cooperate in this matter, especially there's plenty of evidence too now that they can't deny.

There are two parents who will back it up at this time and we know what the condition of the parents is like and their closeness to several big people will certainly have an effect

The parents are complicit, from what I've read. Properties bought with FTX funds but then registered in the name of the parents, the father widely promoting/shilling FTX, the mother moving FTX funds through her super PAC, etc. They could also be facing charges.

This is going to be a long one and actually difficult to investigate I think because it is especially if the current family is involved in it then it gets more complicated.

btw I'm reading another thread about funding issues because the machine learning-focused non-profit Attunement Research Center also announced it's returning a US$1.25 million grant it received from the FTX Foundation and this means it's aligned with the ProPublica I talked about earlier. But it's a bit of a problem for some of the other charities as it's rumored they've already spent the money or most of what it received earlier. It said the Good Food Institute, which focuses on plant and cell-based meat alternatives, had used up donations they had previously received.
As for Stanford Medicine, which received about US$4.5 million, they have removed some of the replacement funds from this donation and are withholding some of it pending a decision on this matter.

[o_e_l_e_o]

This is possible because if they (Caroline Ellison and Gary Wang) deny this as well as the SBF then this possibility will also be a bigger shock, especially if their punishment will obviously be a little heavier so it's a good choice actually if they cooperate in this matter, especially there's plenty of evidence too now that they can't deny.

It's a good choice on their part, but it has nothing to do with doing the right thing and is pure self preservation. The same self preservation which is making SBF plead not guilty to give him a chance to get some concessions in court, is the same self preservation which is making Ellison and Wang plead guilty. All involved know there is overwhelming evidence against them and they will all ultimately be found guilty, so they are all picking whichever path will is likely to lead to the lightest sentencing for them, even at the expense of the others.

This is going to be a long one and actually difficult to investigate I think because it is especially if the current family is involved in it then it gets more complicated.

Absolutely, especially when you consider the political connections his family have and the donations they have made.

[suzanne5223]

It's interesting to see some news now with him not pleading guilty to some of the charges that were brought against him in contrast to the same 2 colleagues as Caroline Ellison and Gary Wang who pleaded guilty.

They likelihood is that Ellison and Wang were offered deals in which they pleaded guilty and dished the dirt on SBF in return for lighter sentencing for themselves. SBF will have no such possible deal available to him, so his best defense is to plead not guilty and let his lawyers come up with some sort of a case to lessen his sentence.

This is possible because if they (Caroline Ellison and Gary Wang) deny this as well as the SBF then this possibility will also be a bigger shock, especially if their punishment will obviously be a little heavier so it's a good choice actually if they cooperate in this matter, especially there's plenty of evidence too now that they can't deny.

Footing what you guys pointed out. I have a reason to believe everything is all planned out before the fraud charge with the inclusion of Caroline Ellison and Gary Wang's arrest. Besides, SBF since has known this will happen that why he hired a powerful defense Attorney like Mark Cohen.
I don't know if you guys have read that Court filings have brought up the fact that $40 million were spent by the FTX on lodging, travel, and food for just 2022. Who does that?

[OmegaStarScream]

Update: According to the bankruptcy attorney, FTX managed to recover 5 billion $[1] in both cash and liquid cryptocurrencies and securities.

[1] https://www.coindesk.com/policy/2023/01/11/ftx-has-recovered-over-5b-in-assets-bankruptcy-attorney-says/

[JayJuanGee]

Update: According to the bankruptcy attorney, FTX managed to recover 5 billion $[1] in both cash and liquid cryptocurrencies and securities.

[1] https://www.coindesk.com/policy/2023/01/11/ftx-has-recovered-over-5b-in-assets-bankruptcy-attorney-says/

Wow.

Surely in the beginning of the reports, especially while the BIGGEST portion of the "crash" was happening and the seemingly fall-out from the "crash," it had appeared that there was so much fake shit there.. so that when the whole thing was crashing.. it was appearing to be completely vacuous.. such as the proping of of value through various shitcoins including the FTT token that they created.. and then even continued to create up until the end while it went from $22 to below $1 where it is now (which is probably overvalued, too  - oh and I just looked that that piece of crap scam coin has bounced up to $1.40 as I type this post), and there were also reports of crazy-ass wasteful spending that was going on, and of course, we wonder about the donations coming back and you are likely not getting money spent on advertising back, so it seems surprising that if the $5 billion ends up being true that they are able to find that quantity of assets that were still salvageable... oh yeah and remember the hack in the final days that the Bahamian government seemed to be involved in.. so wondering if that would be coming back, the moving around of some of those funds seemed to be bleeding value, too.

[bbc.reporter]

Update: According to the bankruptcy attorney, FTX managed to recover 5 billion $[1] in both cash and liquid cryptocurrencies and securities.

[1] https://www.coindesk.com/policy/2023/01/11/ftx-has-recovered-over-5b-in-assets-bankruptcy-attorney-says/

However, the article also mentions that FTX still remains short the amount of what the exchange owes their users and their creditors.

Sam also tweeted something which appears to show that he wants to fixthis problem. He is clearly doing this to avoid imprisonment hehe. However, what are the chances that Sam does not go to prison and FTX is given a bailout similar to the bailout given to Silvergate bank? Sam's parents are lawyers who are politically connected to the Democratic party,



yup my sense is that is and always has been the best recovery scenario for customers.  I think that them being made substantially whole is a real possibility; I think we were possibly a few weeks away from getting there in November.  (US is solvent, should make everyone whole.)

Source https://mobile.twitter.com/sbf_ftx/status/1613328989732601857

[Plaguedeath]

Indeed it's a good news to hear FTX is managed to recover $5 Billion, but I just think when they will distribute the money?

Mt.Gox was hacked since 2014 and there's a bunch topic where the exchange is promise to refund the money, but right now does Mt.Gox is already complete the task? nope. There's a progress but no one is able to confirm if they're get their money back.

This might be same with FTX where they want to recover all of customers losses and refund the money back, but when it will? I'd appreciate if there's a victim in this forum can able to confirm the refund if FTX already claim they already distribute the money.

[macson]

Indeed it's a good news to hear FTX is managed to recover $5 Billion, but I just think when they will distribute the money?

Mt.Gox was hacked since 2014 and there's a bunch topic where the exchange is promise to refund the money, but right now does Mt.Gox is already complete the task? nope. There's a progress but no one is able to confirm if they're get their money back.

This might be same with FTX where they want to recover all of customers losses and refund the money back, but when it will? I'd appreciate if there's a victim in this forum can able to confirm the refund if FTX already claim they already distribute the money.

i don't see him doing that any time soon.  the interesting thing that i saw was that it was proven that he has a family of lawyers who are very close to powerful politicians so there are various ways they have tried to reduce the charges against SBF.

FTX Update: SBF instructed his lieutenant, Gary Wang, to create a "backdoor" for Alameda to borrow from FTX customers without their permission, Landis said.

He added the former CEO created a line of credit worth $65 billion from the exchange to the trading arm 🚨

[1] https://twitter.com/i/web/status/1613250259932553216

[Rikafip]

For all interested, SBF just published "FTX Pre-Mortem Overview" in which among other things he still claims that if given few more weeks FTX before declaring chapter 11 bankruptcy he could have made the people get their money back, again accuses CZ as one of the main reason for the downfall etc. 

https://sambf.substack.com/p/ftx-pre-mortem-overview

[JayJuanGee]

For all interested, SBF just published "FTX Pre-Mortem Overview" in which among other things he still claims that if given few more weeks FTX before declaring chapter 11 bankruptcy he could have made the people get their money back, again accuses CZ as one of the main reason for the downfall etc. 

https://sambf.substack.com/p/ftx-pre-mortem-overview

SBF is a delusional diptwat, and needs to take responsibility for his own actions.. including but not limited to filing for bankruptcy. He wants to make fantasy arguments about what if.. which is no longer applicable.. that ship has sailed.., and it is nearly pure fantasy intellectual masterbation to argue that filing bankruptcy was beyond his control, which is not true. 

Once FTX (including Samtwat) filed bankruptcy there are actual material irreversible consequences to such a filing.. in terms of rights that get transferred and relief from creditors and no going back... even if he had been rash when he had filed it, and too fucking bad if he had not figured out a way to make sure that the bankruptcy had not been filed on his behalf when things were spiraling out of control prior to it having had been filed, but it was filed and it was too late to change that it had been filed once it was filed, so you cannot go back an say.. what if?  who fucking cares about what if we should not have filed and blah blah blah.. Those are not the actual facts in front of us.. we are two months down the road.. that ship has sailed.. get the fuck over it.. we move forward from the fact that the filing was made... and too late to be hypothesizing about "what if" blah blah blah..   We should be dealing with actual facts that the bankruptcy was filed.. November 11th ...

 and yes.. if you had not wanted such bankruptcy to have been filed.. you should have been more vocal about it, right away.. that same day.. within hours of finding out that it had been filed.. and all of that same week.. otherwise grownups are actually making moves and decisions and taking actions based on the fact that bankruptcy actually was filed.. so the legal landscape changed at the time the moment that it was filed and at the time that people (including creditors and a bunch of others who had financial connections to that scam-designed machine of obfuscation and fraud) were put on notice that the bankruptcy had been filed.... legal consequences to that in the world of grown ups.. so grow the fuck up you whiner, SBF and anyone who wants to buy into (or sympathize over) SBF's crying over spilt milk approach... too bad you lost control over the company SBF and too bad you resigned... You made those choices too, which also have legal consequences, you lame twat.. if you wanted to act like a grown up and keep control over the company, you should not have had resigned... too late now.. now you are mere an accused criminal who has a lot of evidence of a lot of ways that you are guilty of a lot of crimes.. and only one of the categories of crimes happens to be about the money... also a likely proven liar, too... from his own words and his own speaking tour.  Heard enough of his lies, yet?.. what he should be saying is how sorry he is.. rather than ongoing bullshit failure and refusals to take responsibility for things that he did and decided.. whether he was on drugs or not.

[Ryu_Ar1]

This is possible because if they (Caroline Ellison and Gary Wang) deny this as well as the SBF then this possibility will also be a bigger shock, especially if their punishment will obviously be a little heavier so it's a good choice actually if they cooperate in this matter, especially there's plenty of evidence too now that they can't deny.

It's a good choice on their part, but it has nothing to do with doing the right thing and is pure self preservation. The same self preservation which is making SBF plead not guilty to give him a chance to get some concessions in court, is the same self preservation which is making Ellison and Wang plead guilty. All involved know there is overwhelming evidence against them and they will all ultimately be found guilty, so they are all picking whichever path will is likely to lead to the lightest sentencing for them, even at the expense of the others.

In the end this will be 2 opposing sides because indeed they chose different paths but both the SBF and the camps from Ellison and Wang they have a way to make this work to their advantage at least even though they are still punished in the end with this cooperation of course would be a consideration other than his law.

This is possible because if they (Caroline Ellison and Gary Wang) deny this as well as the SBF then this possibility will also be a bigger shock, especially if their punishment will obviously be a little heavier so it's a good choice actually if they cooperate in this matter, especially there's plenty of evidence too now that they can't deny.

Footing what you guys pointed out. I have a reason to believe everything is all planned out before the fraud charge with the inclusion of Caroline Ellison and Gary Wang's arrest. Besides, SBF since has known this will happen that why he hired a powerful defense Attorney like Mark Cohen.

They are now not colleagues and of course saving yourself is still possible because indeed in this case the difference of opinion between the two of them makes this drama even bigger, of course.
On the other hand, as for SBF, who is now bringing in bigger lawyers, of course to make himself really strong because if he loses, it is clear that several more people will be dragged away, of course in this case his family also does not rule out being dragged along and for To minimize this, there must be a strong defense to defend his argument to the end.

Update: According to the bankruptcy attorney, FTX managed to recover 5 billion $[1] in both cash and liquid cryptocurrencies and securities.

[1] https://www.coindesk.com/policy/2023/01/11/ftx-has-recovered-over-5b-in-assets-bankruptcy-attorney-says/

I don't think this will change anything much now

The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.

Seeing from this condition, I think this is still very lacking even though what they have collected is very large. On the other hand, I think that even if they eventually get up, I don't think that many people will trust them again, whether it's trading or saving money on the stock exchange, because regardless of their important reputation, their current reputation has been damaged. That's not to say there isn't a chance, it's just that it's very unlikely.

[suzanne5223]

This is possible because if they (Caroline Ellison and Gary Wang) deny this as well as the SBF then this possibility will also be a bigger shock, especially if their punishment will obviously be a little heavier so it's a good choice actually if they cooperate in this matter, especially there's plenty of evidence too now that they can't deny.

Footing what you guys pointed out. I have a reason to believe everything is all planned out before the fraud charge with the inclusion of Caroline Ellison and Gary Wang's arrest. Besides, SBF since has known this will happen that why he hired a powerful defense Attorney like Mark Cohen.

They are now not colleagues and of course saving yourself is still possible because indeed in this case the difference of opinion between the two of them makes this drama even bigger, of course.
On the other hand, as for SBF, who is now bringing in bigger lawyers, of course to make himself really strong because if he loses, it is clear that several more people will be dragged away, of course in this case his family also does not rule out being dragged along and for To minimize this, there must be a strong defense to defend his argument to the end.

Honestly, Caroline and Wang need to work hard on saving their ass because the way this FTX case is going I don't see SBF going to jail although he may be penalized in the end but the penalty won't worth the damage is done to the FTX customer let's not forget that his father is also a good lawyer, he also hired a powerful lawyer and backed by some powerful people.
In the meantime, let's wait and see what will happen when his case continues since $5Billion have being recover.

[JayJuanGee]

This is possible because if they (Caroline Ellison and Gary Wang) deny this as well as the SBF then this possibility will also be a bigger shock, especially if their punishment will obviously be a little heavier so it's a good choice actually if they cooperate in this matter, especially there's plenty of evidence too now that they can't deny.

Footing what you guys pointed out. I have a reason to believe everything is all planned out before the fraud charge with the inclusion of Caroline Ellison and Gary Wang's arrest. Besides, SBF since has known this will happen that why he hired a powerful defense Attorney like Mark Cohen.

They are now not colleagues and of course saving yourself is still possible because indeed in this case the difference of opinion between the two of them makes this drama even bigger, of course.
On the other hand, as for SBF, who is now bringing in bigger lawyers, of course to make himself really strong because if he loses, it is clear that several more people will be dragged away, of course in this case his family also does not rule out being dragged along and for To minimize this, there must be a strong defense to defend his argument to the end.

Honestly, Caroline and Wang need to work hard on saving their ass because the way this FTX case is going I don't see SBF going to jail although he may be penalized in the end but the penalty won't worth the damage is done to the FTX customer let's not forget that his father is also a good lawyer, he also hired a powerful lawyer and backed by some powerful people.
In the meantime, let's wait and see what will happen when his case continues since $5Billion have being recover.

I don't see how any fancy lawyers are going to save the asses of SBF, Caroline or Gary, plus a few more heads are likely to roll.

So even if funds are recovered, the magnitude of the shenanigans and the quite apparent nature of the ways that various systems were set up to obfuscate - which likely goes towards specific intentionalities to defraud, it seems quite likely each of them are going to see some jail time.. and perhaps it is a matter of how much.  

They might try to either play the innocently delusional angle or that they were all on drugs.. but that does not seem like it is going to fly sufficiently to keep any of them out of jail.. and again it is a matter of how much jail.. and sure, maybe some of the jail will be relatively cushy.. and yeah, maybe it will be way lighter than it should be, but I would not be so willing to expect that none of them are going to see jail time of decent amounts of time, even if they have fancy lawyers making a variety of wheeler dealer arguments.. . and yeah of course, there is a lot of corruption and a lot of insiders who should have known better in terms of their supporting those dweebs as if they were legitimate.. and a lot of folks were fooled.. so I am not even saying that anyone should have necessarily known because the whole system and construction of their business was set up to create appearances of legitimacy.. which took some sophistication to carry out such levels of defrauding with so much money.. even if they end up being able to recover a lot of it.. the behavior is way beyond repulsive.. for all of them, even if they try to act like innocent children with effective altruistic vegan social justice warrior intentions, their actual actions should really establish that they were frauds and liars the whole time with very specific intentionality behind the various kinds of ways that they were both taking funds and spending the funds.

Don't get me wrong.. I don't want to come off as some kind of pie in the sky fantasy believer that justice prevails in all circumstances because I understand and appreciate that there are a lot of injustices in the world that perpetuate, so even if I am not correct in terms of how these matters play out, I am not going to concede to some projection that injustices have to happen merely because the whole world is corrupt blah blah blah..    There are a lot of pretty influential folks who got fucked pretty bad by the various kinds of deceptions that were going on, and those very influential people are likely NOT going to get bought off too easily.. or at least I would like to think that people are not so willing to get hood-winked when there were $10s of billions of dollars flying around, even if some of that show of value ended up being fake.  A lot of us.. including the public were snowed by their bullshit, including their trying to influence American politics while locating their business off shore and using their high connections to engage in manipulation behaviors, and likely the parents of each of those fucktwats have quite a bit of involvement that may well need to be punished too.. even if the parents of those twats might not get any jailtime.. which those kinds of manipulating designer (and advising) folks likely deserve some of the punishment too.. because those snot-nosed drug-induced privileged vegan dweebs were not even close to smart enough to be able to set up all of the various systems in the way that they had been set up.. even though they did engage in a lot of deception too in terms of various set ups that they had involving lack of armed-length relations between Alameda and FTX and various kinds of deceptive computer coding, naming of clients and lack of accounting practices.. which were also likely designed to obfuscate rather than merely because they were a bunch of incompetents... which shows more intentionality.. from the way it looks from the information that we have so far... NO need to give the twats any kind of pass.. ... even if there were a lot of twats engaging in behaviors that either directly contributed to the deception or some of them might have been more passively just looking the other way.. which is surely not necessarily free from culpability, either.

[Rikafip]

So even if funds are recovered, the magnitude of the shenanigans and the quite apparent nature of the ways that various systems were set up to obfuscate - which likely goes towards specific intentionalities to defraud, it seems quite likely each of them are going to see some jail time.. and perhaps it is a matter of how much.

From what I could read in media, at least two out of three of them probably won't go to jail as both Caroline Ellison and Gary Wang won't be prosecuted on any of the criminal charges as long as they cooperate in the investigation so I guess we will have to satisfy with only SBF (hopefully) doing some jail time.

On the other hand, I think that even if they eventually get up, I don't think that many people will trust them again, whether it's trading or saving money on the stock exchange, because regardless of their important reputation, their current reputation has been damaged. That's not to say there isn't a chance, it's just that it's very unlikely.

Kevin O'Leary publicly said that SBF is a brilliant guy and the he would hire him again so don't you worry about them, they will be just fine. After all,  an average crypto investor won't remember any of this in a couple of years and would use another exchange started by SBF.

[JayJuanGee]

So even if funds are recovered, the magnitude of the shenanigans and the quite apparent nature of the ways that various systems were set up to obfuscate - which likely goes towards specific intentionalities to defraud, it seems quite likely each of them are going to see some jail time.. and perhaps it is a matter of how much.

From what I could read in media, at least two out of three of them probably won't go to jail as both Caroline Ellison and Gary Wang won't be prosecuted on any of the criminal charges as long as they cooperate in the investigation so I guess we will have to satisfy with only SBF (hopefully) doing some jail time.

Well, there is likely some prosecutorial discretion in terms of what to push for, and the judge would have to approve whatever level of punishment is contained in any settlement agreement.  Prosecution could also drop some of the charges against those two also, if they are striving to reduce the sentence and to get the judge to agree that their sentencing recommendations are fitting to include what the two had done that includes considerations of their cooperation and also perhaps considerations in regards to what the evidence might turn out to be once we get another 9 months or so of investigation.  I am not set in stone about my speculations because there are a lot factors that tend to be considered, and settlement agreement are not always completely public, so in that regard in any high profile case, there would need to be some attention given towards how much evidence is known by the public, too... and if a settlement might trigger public outrage that the prosecutor's office or the judge would not want to be laid at their feet.  You might be correct in the end, but I would not bank on such early conclusory assertions in regards to what the prosecutorial recommendations are going to be by the time the sentencing is needed to be carried out... which might not be clear until either Sam goes to trial or enters into some kind of settlement himself, and whether there also might be some potential BIGGer fish than Sam in terms of people who might be brought up on charges.. and so far from Sam's lame ass public statements in which he seems to ongoingly in denial of culpability, it seems reasonable to conclude that so far Sam does not seem to be cooperating too much with any attornies and/or prosecution.. and sometimes if reality might sink in that his stupid-ass public statements are not really paying off for him, then he might at some point realize that it would be better for him to take more responsibility rather than continuing to make public statements of denial that are pretty likely to NOT be true.

On the other hand, I think that even if they eventually get up, I don't think that many people will trust them again, whether it's trading or saving money on the stock exchange, because regardless of their important reputation, their current reputation has been damaged. That's not to say there isn't a chance, it's just that it's very unlikely.

Kevin O'Leary publicly said that SBF is a brilliant guy and the he would hire him again so don't you worry about them, they will be just fine. After all,  an average crypto investor won't remember any of this in a couple of years and would use another exchange started by SBF.

Kevin O'Leary seems to be suffering from his own levels of delusion, and it could be that he will shut up with his dumbass public statements defending Sam at some point too.. especially if O'Leary might have some of his own levels of culpability.. perhaps? perhaps?  I am not sure. Those are different areas of law that involve the promotion of securities like O'Leary was doing versus the kinds of fraud that Sam was doing in terms of running the business and the various ways that Sam should end up being responsible for the various ways that he (whether through FTX or through Alameda) was being fraudulent with funds... and Sam is trying to publicly argue that he had an arm's-length relationship with Alameda - and the evidence that we know about does not seem to support that Sam was really not calling any of the shots in regards to Alameda.. so anyhow, my part of my point is that O'Leary might be able to get away with making some of those kinds of public statements that are sympathetic to Sam, but the more and more that we end up finding out about the level of outrageous criminal behavior of Sam and some of the others, O'Leary may really be forced to change his tunes, even if he (O'Leary) ends up NOT being criminally (or civilly) liable for some of the bullshit that he has been publicly spouting.

[Ryu_Ar1]

They are now not colleagues and of course saving yourself is still possible because indeed in this case the difference of opinion between the two of them makes this drama even bigger, of course.
On the other hand, as for SBF, who is now bringing in bigger lawyers, of course to make himself really strong because if he loses, it is clear that several more people will be dragged away, of course in this case his family also does not rule out being dragged along and for To minimize this, there must be a strong defense to defend his argument to the end.

Honestly, Caroline and Wang need to work hard on saving their ass because the way this FTX case is going I don't see SBF going to jail although he may be penalized in the end but the penalty won't worth the damage is done to the FTX customer let's not forget that his father is also a good lawyer, he also hired a powerful lawyer and backed by some powerful people.
In the meantime, let's wait and see what will happen when his case continues since $5Billion have being recover.

I don't think they did this to make them completely free because in any case their sentence was waiting for quite a long time if I saw from some of the news I read.

Together, the seven counts carry a maximum sentence of 110 years in prison.

Source
With those who are currently cooperative, the hope is that they will receive the leniency of their sentence so that they are not imprisoned for that long because this is like spending the end of their age there.
As for SBF, I actually feel that with his current condition he still won't be able to say he is completely right and I actually hope he is cooperative and doesn't prolong this matter because regardless of anything he actually has to realize that he is clearly guilty.
If it was only Caroline and Wang who were punished without SBF, I think this is outrageous because in plain view of me, who can be said to be blind to the law, it should already be seen that what he did was a mistake.

even if some of that show of value ended up being fake.  A lot of us.. including the public were snowed by their bullshit, including their trying to influence American politics while locating their business off shore and using their high connections to engage in manipulation behaviors, and likely the parents of each of those fucktwats have quite a bit of involvement that may well need to be punished too.. even if the parents of those twats might not get any jailtime.. which those kinds of manipulating designer (and advising) folks likely deserve some of the punishment too..

I don't know why I agree with what you said, regardless of anything a crime is still a crime and this cannot be tolerated. Even though his parents had quite a close relationship with several high-ranking officials and influential people, wouldn't if he was released for reasons like this, it would actually create a bigger reaction in the end.
I can't imagine if indeed he walked freely and seemed innocent of the impact he had done which was actually detrimental. At least his conscience was broken if it was like that.

On the other hand, I think that even if they eventually get up, I don't think that many people will trust them again, whether it's trading or saving money on the stock exchange, because regardless of their important reputation, their current reputation has been damaged. That's not to say there isn't a chance, it's just that it's very unlikely.

Kevin O'Leary publicly said that SBF is a brilliant guy and the he would hire him again so don't you worry about them, they will be just fine. After all,  an average crypto investor won't remember any of this in a couple of years and would use another exchange started by SBF.

I'm not too strange about this because indeed if you look at it from the beginning this case sticks out he is one of the people who most vocally supports and defends SBF so he will definitely do something like that. But with this condition, can't we judge when a businessman supports someone desperately, of course there are things that make him feel benefited in the end because it's impossible for him to do something like this when he doesn't get any benefit, especially since he is a businessman.