SBF said: WHAT HAPPENED?

[kamvreto]

SBF is a terrible parasite in the crypto ecosystem. He said What Happened as if he didn't care about what was happening right now. He looked relaxed and was probably drinking coffee and leaning back in his chair.

"[NOT LEGAL ADVICE.  NOT FINANCIAL ADVICE.  THIS IS ALL AS I REMEMBER IT, BUT MY MEMORY MIGHT BE FAULTY IN PARTS.]"

"I'll get to what happened.  But for now, let's talk about where we are today."


WHAT WHAT WHAT WHAT WHAT WHAT

Investors lost $8 billion in response to only with words" WHAT (f*ck*ng) HAPPENED"

https://twitter.com/SBF_FTX/status/1591989554881658880

[bittraffic]

After people lost the money which he use to donate to politicians we don't support, he wants to be grateful because he brought crypto to where we are now. This guy is really mad. Yep, he really has someone behind him and he can be sure he wouldn't be going to jail.

According to some news, he still stays in Bahamas where his house was guarded by Bahamian authorities which he was on cam playing video games.

[TastyChillySauce00]

SBF was typical a troller. that tweet has been revealing his true nature since what happened with so many users of FTX (include me) and he can still try to create such troll tweet like nothing happened. I hope that guy will be jailed soon along with alameda ceo.

that shitty guy must be brought to the court as soon as possible. there's something wrong happened with him. i believe.

[CryptoYar]

Investors lost $8 billion in response to only with words" WHAT (f*ck*ng) HAPPENED"

He may have lost his memory and asking " What happened with my exchange"

Or he is trolling with his investors " what happened with your money?"

I hope that guy will be jailed soon along with alameda ceo.

In the US at least, it seems improbable during the Democratic tenure.

• Bankman-Fried spent around $37 million during the last election cycle, almost all of which went to boosting Democratic candidates and causes. That made him the party's second-largest donor, according to OpenSecrets, and the sixth largest overall.
  
  Sam has spent about $37 million on the current  government, and I assume the government will send him to a safe place to prove its loyalty to him.

[DeathAngel]

Him & his degenerative team created a monster that got too big. They couldn’t stay solvent, so they started gambling with user funds to try & do so. They could not afford to do what they were doing, sponsoring huge events, donations to politicians. It’s ridiculous tbh & I hope they all go to jail.

He ruined peoples lives, he should get 20 years for financial fraud.

[Yogee]

I've been reading some rumors that SBF is just too young to pull something this big. People have hinted or suspected that some Government or Financial institution is involved in this debacle. It could be well true if you're going to look at the list of people that has been connected with the exchange. We'll see once the cases filed against him and FTX starts rolling.

[blockman]

He's still a kid.
He's got his way to the top as if it was easy on him when he has understood how his way up there been. Dude has got no remorse and not feeling sorry.
With that way of tweeting, he should have just kept quiet and better let himself cleared and explain of what happened instead of tweeting like a weenie.

[OgNasty]

People are speculating that the reason he was making these tweets was to delete older tweets without detection.  No idea how true it is, but that's what the twitter sleuths on the situation were saying.  I think Sam knows exactly what happened as he had to be the guy to OK use of customer funds in the beginning.  I'm surprised how well he's being treated currently but I guess it will be a while before the proper authorities get their hands on him.  Amazing how quickly he went from savior to demon.  The damage he's caused possibly millions of people is no doubt a setback to crypto adoption.

[Wakate]

It is very obvious that he has backings from the government which might repel any attack against him to sue or jail him. This is government we are talking about and he is still skeptical about how we felt about the situation instead of looking for a way to make sure that the hackers and whatever are apprehensive. I think crypto is be aiming more toxic to those that do not hear simple instructions that do not keep all your eggs in an exchange. It is better we split it than to leave all our funds in a exchange that can get hacked any day.

[bittraffic]

He's still a kid.
He's got his way to the top as if it was easy on him when he has understood how his way up there been. Dude has got no remorse and not feeling sorry.
With that way of tweeting, he should have just kept quiet and better let himself cleared and explain of what happened instead of tweeting like a weenie.

They promoted this kid by the way to be one of the billionaire philanthropists who donate to charities and he is not interested to make money. If the Alameda data wasn't leaked and published by coindesk, this wouldn't happen.

The tweet is out of character. It should be CZ to give thanks for finally ending their scam by triggering. Many things were uncovered about his girlfriend Sweet Caroline, by the way, the ones who investigate deeper could really say he is just a kid and is being used.

[tbct_mt2]

People are speculating that the reason he was making these tweets was to delete older tweets without detection.  No idea how true it is, but that's what the twitter sleuths on the situation were saying.  I think Sam knows exactly what happened as he had to be the guy to OK use of customer funds in the beginning.

Sam is more trolling than Do Kwon and we can not say both guys did enough transparent management and communication to their communities. They both use and abuse capital from their users very incorrectly. In a crazy bull run with which price went up exponentially, they were fine. Unfortunately, when price went down and crashed, their models are paper in a toilet which is washed very easily and quickly.

I'm surprised how well he's being treated currently but I guess it will be a while before the proper authorities get their hands on him.  Amazing how quickly he went from savior to demon.  The damage he's caused possibly millions of people is no doubt a setback to crypto adoption.

It maybe just a beginning of something worse for him. I don't mind about Sam too much but I am looking for more regulations on cryptocurrency market and blockchain industry after many collapses in this year.

[uneng]

He's still a kid.
He's got his way to the top as if it was easy on him when he has understood how his way up there been. Dude has got no remorse and not feeling sorry.
With that way of tweeting, he should have just kept quiet and better let himself cleared and explain of what happened instead of tweeting like a weenie.

They promoted this kid by the way to be one of the billionaire philanthropists who donate to charities and he is not interested to make money. If the Alameda data wasn't leaked and published by coindesk, this wouldn't happen.

The tweet is out of character. It should be CZ to give thanks for finally ending their scam by triggering. Many things were uncovered about his girlfriend Sweet Caroline, by the way, the ones who investigate deeper could really say he is just a kid and is being used.

Probably this guy was just a character created by the political lobby of US. A sockpuppet of them to launder money and fool the naive to believe he was going to share all his fortune with people in need from every corner of the world. His last tweets make no sense and I even thought he could have been hacked on twitter. But maybe he is just too assured his back is safe and guaranteed by those influent personalities and groups of power he has been fueling with investors and customers' funds along the years, that he doesn't care showing some empathy and respect for people who lost money under his surveillance.

[Strongkored]

It's too bad he can't even empathize with the people who have lost as a result of his actions, people who have supported his business growing by trading and buying his tokens, he's even worse than a hacker because a hacker never acts as if he's a good person even though he isn't

[DapanasFruit]

At the height of Sam's popularity, he was then considered as undeclared hero and even a savior for the cryptocurrency industry...because at that time there was no one checking on the things he and his people had been doing. They made so many illegal moves which later on led to the collapse of the whole business especially FTX. Now, we are starting to see that Sam is indeed just another parasite in this industry...someone who is here just for the money and without maybe realizing it he induced one of the biggest chaos we ever faced. Sadly this will nailed the trust and confidence bestowed by the people to the crypto industry...and I would say that after FTX things will never be the same anymore.

[blockman]

He's still a kid.
He's got his way to the top as if it was easy on him when he has understood how his way up there been. Dude has got no remorse and not feeling sorry.
With that way of tweeting, he should have just kept quiet and better let himself cleared and explain of what happened instead of tweeting like a weenie.

They promoted this kid by the way to be one of the billionaire philanthropists who donate to charities and he is not interested to make money. If the Alameda data wasn't leaked and published by coindesk, this wouldn't happen.

The tweet is out of character. It should be CZ to give thanks for finally ending their scam by triggering. Many things were uncovered about his girlfriend Sweet Caroline, by the way, the ones who investigate deeper could really say he is just a kid and is being used.

That's right, although I've somehow hated CZ for always intervening with the market. But this one is an exception and it's good that he has exposed this kid and his cohorts.
If this haven't been talked about, I'm sure that many poor innocent depositors on FTX would have no idea freaking idea that their money is being played on.

[fzkto]

It's too bad he can't even empathize with the people who have lost as a result of his actions, people who have supported his business growing by trading and buying his tokens, he's even worse than a hacker because a hacker never acts as if he's a good person even though he isn't

I also think he is bullying his exchange users. But in any case, justice will catch up with him and he will answer for what he has done. The fate caught up with him in the mirror when he was talking about some exchanges which are on the verge of bankruptcy. He ended up going bankrupt. As for what he tweeted - perhaps he was under the influence of drugs? It must be hard to go through such a situation when life is slipping from under your feet.

[rhomelmabini]

We shouldn't trust our money to these sociopaths. Just read the news reminder at the top that was written by theymos, there's nothing nice that's do than that right now. I wish he'll be convicted over that mismanagement as well as his team.

[zasad@]

SBF is a clown who got the right to hold big money.
Read Edward Snowden's tweet. There is a link to an article where it says where the money was actually spent.
https://twitter.com/Snowden/status/1591848718243954693
5 million people lost money, how many people lost money as a result of this scam on other exchanges?

[el kaka22]

From what I understand there is basically "oh our funds were stolen" as usual and nothing more. It's obvious that we are talking about a place that didn't take care of their security very well or just stole people’s money themselves. The reality is that if you are FTX then you put all the money into cold storage and only put a small amount of it on withdrawable hot wallet.

When you lose hundreds of millions of dollars, that means you didn't do the very simplest thing, which is cold offline storage. This can't be the only reason but they keep saying that it is, and they are just bankrupted because they were hacked into, one of the millionth exchanges that gives the same reasoning.

[tygeade]

although I've somehow hated CZ for always intervening with the market. But this one is an exception and it's good that he has exposed this kid and his cohorts.
If this haven't been talked about, I'm sure that many poor innocent depositors on FTX would have no idea freaking idea that their money is being played on.

CZ usually tries to do that constantly, sometimes he is right and does the right thing, sometimes he is wrong and mistakes things but at the end of the day his values are true to crypto and his aims are great for it as well.

He wants everything to stay the same and be good, which is a good reason to attack or at least warn and that is what he did here as well and it worked out very well for people who wanted to get out. He had absolutely no reason to keep FTX alive, why would he be the one that works so hard for it, and that means we are talking about his own money would have gone to save everyone, he didn't have that responsibility so he should not be considered a reason for this.