[Updated] FTX

[JayJuanGee]

@OmegaStarScream. Similar to the questioning and the skepticism of him being a philantrophist, it should also be questioned if he is really a vegan heheheeh. I reckon the vegetarian community should investigate this. Sam's criminal actions can only be done by an aggressive meat eater.

Also, he is fat! I have never seen a fat person who only eats vegetables.

Not to get too far into a tangent.

I mostly agree with your assertion about the aggressiveness of meat eaters, or at least that is a kind of a decently good myth to latch upon.

Nonetheless, there seems to be some kinds of hidden assumptions regarding why people are fat, and to me it seems that there are all kinds of foods (or even non-foods or food like items) that vegans (or even vegetarians for that matter) could eat to make them fat, so then the question might be what makes us fat from our lifestyle choices and particularly to your honing in on dietary considerations .. but then there are sleep and exercise too.. (beyond suggesting genetic abnormalities).. which I would suggest that carbohydrates contribute quite a bit to making people fat.. and sure maybe the industrial seed oils contribute to nutrition absorption issues.. and I really doubt that there is any kind of evidence that the fat in meats makes people fat,.. except to the extent that it is combined with carbohydrates.

and even with carbohydrates, there are different types.. and even some vegetables have toxins in them in regards to plants defending themselves from being eaten.. probably not cucumbers.. yet there could be some combination of foods.. but probably more like breads that might be contributing sam being a fatty.. .. consider books like Life Without Bread or Wheat Belly.

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[virasog]

@OmegaStarScream. Similar to the questioning and the skepticism of him being a philantrophist, it should also be questioned if he is really a vegan heheheeh. I reckon the vegetarian community should investigate this. Sam's criminal actions can only be done by an aggressive meat eater.

Also, he is fat! I have never seen a fat person who only eats vegetables.

Who said that he is a vegetarian and he eats only vegetables and stays away from meat ? If he said this himself, would you still believe a dishonest and scammer person ?

He spoke falsely about the FTX exchange reserves, he hided many things from the public, used people's funds in his personal ventures & investment companies and he also spoke falsely about his dieting habits.

Hope now it's clear that he is not a vegetarian and please do not believe on the words uttered from his mouth.

[bbc.reporter]

@virasog, @JayJuanGee. It was only a joke telling everyone if Sam was not really what he was portrayed to be and he was also exposed to have lied and created one of the biggest scams in the cryptospace, I reckon his own declaration of being a vegan should also be questioned in court. Lying of being vegan is an insult to the vegan community heheheheh.

Also, the cucumber he is eating will be meat if he is sentenced guilty and brought to prison hehehehe.

[BABY SHOES]

Latest news on August 14 - Sam Bankman-Fried [criminal] used $100 million in customer funds for political donations in order to pass laws.

More and more news about Sam Bankman-Fried as the prosecutor continues to prosecute on this matter because it is alleged that SBF continues to do what he wants, he is a high-profile criminal who does not care about the customer funds that he continues to use to launch his actions.

The interesting part of the allegations.

Bankman-Fried then “leveraged this influence, in turn, to lobby Congress and regulatory agencies to support legislation and regulation he believed would make it easier for FTX to continue to accept customer deposits and grow,” the indictment alleges.

Source: https://www.forbes.com/sites/willskipworth/2023/08/14/sam-bankman-fried-accused-of-using-100-million-in-stolen-funds-on-political-donations/?sh=13785dfe485d

[coupable]

Latest news on August 14 - Sam Bankman-Fried [criminal] used $100 million in customer funds for political donations in order to pass laws.

The word "donations" is misused in my opinion. Politicians who were willing to accept that money and thus seek to change legislation to suit the case could be considered complicit. This is called "bribery" and has no other designation. But we have not heard that any of these members have been suspended or held accountable.
Even before the collapse of Ftx, Sam Bankman Fried was known to give money to some MPs and politicians without any legal reason for doing so. I find it strange that this is not punishable and is considered a "donation".

[bbc.reporter]

Latest news on August 14 - Sam Bankman-Fried [criminal] used $100 million in customer funds for political donations in order to pass laws.

The word "donations" is misused in my opinion. Politicians who were willing to accept that money and thus seek to change legislation to suit the case could be considered complicit. This is called "bribery" and has no other designation. But we have not heard that any of these members have been suspended or held accountable.
Even before the collapse of Ftx, Sam Bankman Fried was known to give money to some MPs and politicians without any legal reason for doing so. I find it strange that this is not punishable and is considered a "donation".

Agreed and it would expose many politicians' names during the cross examinations in the trial. I would become very worried if I was the parents of Sam Bankman-Fried. If he goes to prison, he might become something similar to Jeffrey Epstein before he can say anything. I would say it in advance again, Sam did not kill himself.

They might put something in his Adderall and declare that he died of an overdose.



Sam Bankman-Fried’s legal team is asking a U.S. district court judge to grant the former FTX CEO “uninterrupted access” to his daily prescribed medication while he is in jail. That includes Adderall for treatment of attention-deficit/hyperactivity disorder, or ADHD.

Source https://www.cnbc.com/2023/08/14/sam-bankman-frieds-lawyer-demands-he-get-adderall-for-adhd-in-jail.html

[coupable]

Latest news on August 14 - Sam Bankman-Fried [criminal] used $100 million in customer funds for political donations in order to pass laws.

The word "donations" is misused in my opinion. Politicians who were willing to accept that money and thus seek to change legislation to suit the case could be considered complicit. This is called "bribery" and has no other designation. But we have not heard that any of these members have been suspended or held accountable.
Even before the collapse of Ftx, Sam Bankman Fried was known to give money to some MPs and politicians without any legal reason for doing so. I find it strange that this is not punishable and is considered a "donation".

Agreed and it would expose many politicians' names during the cross examinations in the trial. I would become very worried if I was the parents of Sam Bankman-Fried. If he goes to prison, he might become something similar to Jeffrey Epstein before he can say anything. I would say it in advance again, Sam did not kill himself.

They might put something in his Adderall and declare that he died of an overdose.

It is quite logical since investigations with him may lead to the implication of influential personalities. And perhaps the issue is worse than what these influential people might imagine, since scrutiny of Sam Bankman-Fried's financial operations can reveal their relationship with him, and they will find themselves forced to provide justifications.
For the defense team to formally request protection for their client, this increases the chances of implicating everyone whom the investigations will refer to, given the integrity of the American judiciary, although I personally doubt that, especially if those personalities belong to one of the two major parties in the United States. I mean, in the best case, if Sam Bankman-Fried's is not eliminated by killing him, the research will be tampered with.

[JeromeTash]

As a follow-up of the last email i received from FTX sometime back in March and my attempt to login to my account via the claims portal (https://claims.ftx.com), I received yet another email from FTX reminding me to go through KYC verification three days ago.

[red4slash]

Latest news on August 14 - Sam Bankman-Fried [criminal] used $100 million in customer funds for political donations in order to pass laws.

The word "donations" is misused in my opinion. Politicians who were willing to accept that money and thus seek to change legislation to suit the case could be considered complicit. This is called "bribery" and has no other designation. But we have not heard that any of these members have been suspended or held accountable.
Even before the collapse of Ftx, Sam Bankman Fried was known to give money to some MPs and politicians without any legal reason for doing so. I find it strange that this is not punishable and is considered a "donation".

Yes I agree with you that it is a misuse of the word "donation" which then only benefits one party, and also I agree that the only word that can be said is bribery. How can it not be said to be bribery when clearly in this case it is trying to influence politically in order to launch the action.
Donations and bribery are two completely different things, and I think we can see what constitutes a donation and what constitutes bribery.
I understand that someone will do anything, including using a misused word, but here we can see the real purpose of it.

[BABY SHOES]

Agreed and it would expose many politicians' names during the cross examinations in the trial.

At the moment, I don't know whether the judge will question some politicians for receiving donations from SBF: [url]Reports from the media time[/url=https://time.com/6241262/sam-bankman-fried-political-donations/] with some MPs who received donations.

Other lawmakers that received maximum donations from Bankman-Fried include Democratic Senators Kirsten Gillibrand of New York, Maggie Hassan of New Hampshire, and Cory Booker of New Jersey; and Republican Senators Lisa Murkowski of Alaska and Susan Collins of Maine.

More news
SBF submitted a request to see a lawyer outside prison for 5 days a week with a laptop and internet at his disposal.

The article mentions that only two days a week are given to check his case files, but no laptop and internet to see his lawyer.

Imagine if he could access the internet maybe he would transfer other assets or start another drama with other plotters, for 2 days or 5 days of course he would utilize the internet for his next mission.

Source: https://news.bitcoin.com/bankman-fried-wants-to-see-his-lawyers-outside-jail-five-days-a-week/

[coupable]

Latest news on August 14 - Sam Bankman-Fried [criminal] used $100 million in customer funds for political donations in order to pass laws.

The word "donations" is misused in my opinion. Politicians who were willing to accept that money and thus seek to change legislation to suit the case could be considered complicit. This is called "bribery" and has no other designation. But we have not heard that any of these members have been suspended or held accountable.
Even before the collapse of Ftx, Sam Bankman Fried was known to give money to some MPs and politicians without any legal reason for doing so. I find it strange that this is not punishable and is considered a "donation".

Yes I agree with you that it is a misuse of the word "donation" which then only benefits one party, and also I agree that the only word that can be said is bribery. How can it not be said to be bribery when clearly in this case it is trying to influence politically in order to launch the action.
Donations and bribery are two completely different things, and I think we can see what constitutes a donation and what constitutes bribery.
I understand that someone will do anything, including using a misused word, but here we can see the real purpose of it.

When the accused or the defense team uses the concept of “donation” instead of the concept of “bribery”, this is understandable because he wants to distance himself from the charges. But in this case, even the media that transmits the news chose this phrase in complete abandonment of the principle of impartiality. And if it were normal, there would be no fear for Sam Bankman Fried's life that he would be poisoned or silenced in any way.
Noted also that he was giving "bribes" gifts to active members in the political field before the collapse incident occurred. I think he was preparing himself for the possibility of his business going down.

[bbc.reporter]

More news
SBF submitted a request to see a lawyer outside prison for 5 days a week with a laptop and internet at his disposal.

The article mentions that only two days a week are given to check his case files, but no laptop and internet to see his lawyer.

Imagine if he could access the internet maybe he would transfer other assets or start another drama with other plotters, for 2 days or 5 days of course he would utilize the internet for his next mission.

Source: https://news.bitcoin.com/bankman-fried-wants-to-see-his-lawyers-outside-jail-five-days-a-week/

If he had a laptop and an internet connection he might create a token called Bald in Coinbase's Base network and rugpull the holders by removing liquidity from the DEX hehehe.

There are some people in social media who speculate that Sam might use the Ghislaine Maxwell tactic if he is brought to prison by becoming a consistent prison complainer. According to them, Sam's mother is a lawyer who specializes in criminal reform. She can use the Ghislaine Maxwell tactic through Sam to open an argument for reforms in the American prison system.

[Iranus]

Updated:
Recently, FTX proposed to sell 3 billion cryptocurrencies to pay creditors, and if this proposal is accepted, they will gradually sell their assets. As expected, each week they will sell 50-100 million to avoid excessive dumping in the market. They partnered with Galaxy Digital to implement this strategy to reduce the negative impact on the market. This news will be good news for their victims but it will put enormous pressure on the market.
https://www.coindesk.com/policy/2023/08/24/ftx-taps-galaxy-to-sell-stake-and-hedge-its-crypto-billions/

[bbc.reporter]

@Iranus. Is there a real need to sell? This is head shaking. I reckon that before the creditors count how much they will receive, they should also know how much FTX will pay in legal fees for this bankruptcy hehe. According to some articles General Motors' bankruptcy paid, $1 billion in legal fees and Lehman Brothers paid more than $2 billion. There are also other similar cases like this.

[Iranus]

@Iranus. Is there a real need to sell? This is head shaking. I reckon that before the creditors count how much they will receive, they should also know how much FTX will pay in legal fees for this bankruptcy hehe. According to some articles General Motors' bankruptcy paid, $1 billion in legal fees and Lehman Brothers paid more than $2 billion. There are also other similar cases like this.

The problem is that if FTX doesn't sell the assets, where will they get the money to pay the victim's debt? They have come up with a lot of options to find ways to recover assets and find ways to revive their business. But so far, all are just plans, and no feasible plans have been implemented. I don't know what is the best solution as we are not them, but I think selling their crypto holdings would be easier to do than other solutions. Although this will be detrimental to the market at the moment.

But anyway this is a proposed option and whether it is approved and implemented, we need to wait and see. Or are they just trying to buy time with their victims like Mt.Gox has been doing for years. It's been over 10 years and no one has received any compensation from Mt.gox other than empty promises. Is FTX learning Mt.gox's way of appropriating investors' assets?

[bbc.reporter]

News update, however, this is unconfirmed.

According to some people in social media, data on everyone who has used FTX and Blockfi has been leaked from Kroll. I am not quite certain what is Kroll but I assume this is their website.

https://www.kroll.com

FTX and Blockfi might have hired their services for compliance and regulations.

https://www.kroll.com/en/services/compliance-and-regulation

In any case, this is one of the unwelcome occurrences of KYC. It is a collection of customer data waiting to be stolen by hackers.

[OmegaStarScream]

Not related to the case, but James Jani just released a documentary about FTX[1] if anyone is interested. I still haven't watched it yet, but I have seen some of his previous documentaries, they're pretty high quality.

[1] https://www.youtube.com/watch?v=w3EYKuFGJ5c

[JayJuanGee]

Not related to the case, but James Jani just released a documentary about FTX[1] if anyone is interested. I still haven't watched it yet, but I have seen some of his previous documentaries, they're pretty high quality.
[1] https://www.youtube.com/watch?v=w3EYKuFGJ5c

I watched it, and there were a lot of good things in there.

Personally, I do not appreciate these ongoing attempts to suggest that Binance caused FTX to crash or that Binance is engaging in the same behaviors as FTX - and implying that Binance is a model for FTX or that Binance's crash is imminent.

Another thing that bothered me a bit is a kind of seeming attempt to show how logically a business like FTX could have grown so much, but maybe leaving out some of the conspiracy angles.. .and hey I am not exactly prone towards conspiracies, yet in this case, it should still seem fairly obvious that FTX could not have grown as quickly merely from some of the stories that we are told about it, including the bullshit story about the Kimchi arbitrage trade or even leaving out that there might be some insiders, right from the start that had contributed to FTX being able to grow so quickly, and sure maybe they do not have any kind of meaningful evidence for those angles - but if there is a lot of emphasis on suggesting some causal evidence of what happens, there may have had been too much closing of some of the conspiracy angle doors in which there are likely several pieces that we don't really know, including that John Ray is handling this matter but now allowing any independent auditing and some questions regarding the dropping of the political influencing charges (and some of that might have happened after most of this film was made - which seems to be 6 months or more old by now.. and sure editing takes a while to the things together with a case in which we are still learning some of the new pieces of evidence... and/or so far, some angles are being allowed to not be pursued)

[Little Mouse]

Personally, I do not appreciate these ongoing attempts to suggest that Binance caused FTX to crash or that Binance is engaging in the same behaviors as FTX - and implying that Binance is a model for FTX or that Binance's crash is imminent.

Though you are right that Binance didn't cause the crash, FTX didn't follow what they should have done which in result caused the crash, but indirectly Binance was a part of the crash. Maybe it was planned or not. Regarding Binance following the same behaviors of FTX- I think it has been there long ago, maybe even before FTX popped up. They had recently used a collateral fund of BUSDC if I can remember correctly. There was news that more than $3 billion of their BUSDC has remained without any collateral which was supposed to be backed by USDC. This isn't fair if true of course. It's alarming but it's not affecting because it's Binance.

[UmerIdrees]

In any case, this is one of the unwelcome occurrences of KYC. It is a collection of customer data waiting to be stolen by hackers.

Are you sure that they are collecting this advance KYC data (including the proof of address) for some other purposes and will not return the funds to the individuals?

So i should not be worried if i am unable to do the KYC    
Though i have already submitted my KYC data again but they have rejected it somehow. Once they rejected my real documents, i started to feel all this process a shady one.