SBF said: WHAT HAPPENED?

[mich]

Well now SBF is going to pay Expert Witnesses alot of money to testify in his favor. He is going to pay some of them $1200 for 1 hour to help him in his trial.

Law professor Bradley Smith is also former commissioner of the Federal Election Commission. He said this is how much SBF is going to pay him.

https://www.businessinsider.com/sam-bankman-fried-expert-witnesses-trial-ftx-2023-8

[mich]

Well now it is only getting worst for SBF. The criminal case is less then 1 month away for him. But he has lost his possibility to be freed from jail right away.

This is because the judge believes he tampered with witnesses at least 2 times.

https://www.reuters.com/legal/bankman-fried-loses-bid-get-out-jail-appeals-court-will-hear-case-2023-09-06/

[zasad@]

Apple secures rights to book on Sam Bankman-Fried for $5M: Report
“Big Short” author Michael Lewis’ book on the former FTX CEO is scheduled to be released on Oct. 3, the day SBF’s criminal trial in New York begins.
https://cointelegraph.com/news/apple-secures-rights-book-sam-bankman-fried
"Multinational technology company Apple has reportedly paid $5 million for the rights to author Michael Lewis’ upcoming book on former FTX CEO Sam “SBF” Bankman-Fried following a bidding war.

According to a Sept. 7 report from The Ankler, Apple secured the rights to the book Going Infinite: The Rise and Fall of a New Tycoon, which is set to be released on Oct. 3 — the start of SBF’s trial in New York. Lewis suggested an October publication date at the Bitcoin 2023 conference in Miami, aiming for the beginning of the former FTX CEO’s criminal trial"

[mich]

And now FTX has been given permission to sell $3.4 Billion of its crypto assets that was frozen. It can sell $100 Million a week and to increase to $200 Million a week.

$1.1 Billion of SOL, $560 Million of BTC, $192 Million of ETH, $137 Million of APT, $119 Million of XRP, and $46 Million of STG.

https://bitcoinist.com/ftx-court-gives-green-light-3-4-billion-liquidation/

[Godday]

SBF donated huge sum of amount to the current government regime that is why he is very confident with this kind of crime.
I know thwt by any means even though he might ended up in prison, his punishment will not be much.
I am very sorry for so many investors he reaped out with getting there funds back.

This is what I've been worried about for a long time. I think FTX has some backup behind it. What FTX has done is like something that was planned. Or at least plan to implement it.
I also thought that there would be no harsh punishment to be had. It could have been something like a prison sentence for several years but it turns out he is still free outside prison.

[mich]

Well now it is just getting even worse for SBF. And now his parents are in the news. They are being sued by FTX that want some of the $26 Million in properties and gifts they got from the exchange.

https://www.nytimes.com/2023/09/19/business/ftx-sam-bankman-fried-parents-sued.html

[mich]

And now the father of SBF is in the news for a bad reason. Joseph Bankman is being accused stealing millions from the FTX.

It is being said he stole money from a 'dark money network'. This network being accused of donating billions to liberal politics.

https://www.dailymail.co.uk/news/article-12545365/FTX-Sam-Bankman-Fried-Arabella-Advisors.html

[blockman]

And now the father of SBF is in the news for a bad reason. Joseph Bankman is being accused stealing millions from the FTX.

It is being said he stole money from a 'dark money network'. This network being accused of donating billions to liberal politics.

https://www.dailymail.co.uk/news/article-12545365/FTX-Sam-Bankman-Fried-Arabella-Advisors.html

Good alibi but that alibi won't be taken by the majority. The connection is obvious and so this is now becoming a family affair. The once so called genius that everybody thought literally used his intelligence to pass on the wealth of their users to their families.

Well now it is just getting even worse for SBF. And now his parents are in the news. They are being sued by FTX that want some of the $26 Million in properties and gifts they got from the exchange.

https://www.nytimes.com/2023/09/19/business/ftx-sam-bankman-fried-parents-sued.html

Whoever does these investigations and finding out all of these huge purchases being done by their family should be given a raise. These are the people's money that they've stolen and they thought that they can getaway with it but no way.

[zasad@]

https://finance.yahoo.com/news/silver-point-diameter-scoop-cheap-175533797.html
https://www.bloomberg.com/news/articles/2023-09-21/silver-point-diameter-buying-cheap-ftx-claims-in-lehman-redux
"Silver Point, Diameter Scoop Up Cheap FTX Bankruptcy Claims in Lehman Redux
Investors have scooped up at least $250 million of FTX claims
Attestor, Hudson Bay have also taken positions in the debt"

___
Cunning manipulators buy assets cheaply, which means there will still be a to the moon.

[mich]

Well now it seems like the parents of SBF are being blamed. And the former sec official wants them charged also. This is what former SEC official John Reed Stark is asking for federal agencies.
He says he is surprised they have not been charged even yet. https://beincrypto.com/sec-ftx-sam-bankman-fried-parents/

[mich]

Today starts the trial for SBF. For his crimes with the ftx exchange SBF is now facing 110 years in prison if he is convicted on the charges.
It is just reported that SBF wanted to pay Donald Trump $5 Billion for him not to run for the US president. I want to know if that will be talked about today in his trial.
https://www.independent.co.uk/news/world/americas/sam-bankman-fried-trial-ftx-b2422648.html

[mich]

Well the trial of SBF did start yesterday. And some of his former friends and workers will be there to give testimoney against him.
Caroline Ellison Gary Wang, Nishad Singh, Andria van der Merwe, and Peter Easton all worked for FTX or Alameda Research.
https://www.coindesk.com/policy/2023/10/02/sam-bankman-frieds-closest-friends-will-testify-against-him-heres-who-else-well-hear-from/

[@sriyan]

Some of my friends lost more than 10M dollers. Because after the FTX incident, FTT token and solona ecosystem really dumped hard. So they have to sell the tokens around 1-2$ per FTT token. Now I can see there is a reclaiming process is started. but what happened to the those who sold the crypto at that stage? Nothing

[zasad@]

https://cointelegraph.com/news/class-action-suit-filed-against-binance-alleged-harm-ftx-collapse
"A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of Northern California, alleging various violations of federal and California law on unfair competition for attempting to monopolize the cryptocurrency market by harming its competitor FTX. The suit was brought by Nir Lahav, who is identified only as a California resident.

At issue are posts made by Zhao on Twitter (now X) in early November on the eve of FTX’s collapse. The posts were made in conjunction with the decision by the defendants to liquidate their holdings in the FTX utility token, FTT (FTT), on Nov. 6. The plaintiffs estimated that Binance owned up to 5% of all FTT tokens."

[mich]

Well now the SBF lawyers are saying the man is nothing more then a 'math nerd'. In the opening arguments for his case they are saying the failure of FTX is to be blamed on other people.

He says the blame is on his ex girlfriend Caroline Ellison who was the CEO of Alameda. And also to blame is Binance CEO CZ since he was in charge of the FTX bank.

https://cryptopotato.com/bankman-frieds-lawyers-blame-his-ex-girlfriend-and-cz-for-ftxs-collapse/

[mich]

Well now in the case, it is the time for SBF ex girlfriend Caroline Ellison to speak about SBF. The former Alameda Research CEO and prosecution's star witness said some things.

She said Alameda borrowed $10 Billion from FTX but could not repay it. And then she blamed Binance CEO CZ tweets for FTX failing.

https://www.ibtimes.com/caroline-ellison-says-binance-ceo-contributed-ftxs-collapse-3715134

[mich]

Well this does not make any sense for me. The former Alameda CEO and ex girlfiend to SBF Caroline Ellison says they wanted to keep price of Bitcoin down below $20,000. 

I do not know why they would want to do this.  They had so much customer funds now makes me want to think they did all this on purpose now.

https://www.thestreet.com/crypto/markets/ex-girlfriend-says-sam-bankman-fried-ftx-founder-illegally-manipulated-bitcoin-price

[iv4n]

Well this does not make any sense for me. The former Alameda CEO and ex girlfiend to SBF Caroline Ellison says they wanted to keep price of Bitcoin down below $20,000. 
...

After his girlfriend's testimony, I think SBF is doomed. I don't know if SBF has some trick up his sleeve, but for now, it is not going very well for him. It would probably be good for him to start thinking about the deal with the prosecution for a lesser sentence...

It's the second week of the trial, and things are getting more interesting. I doubt that SBF can get out of this, so the only question is what punishment he will receive. What do you think about that?

[Best-mary]

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.

Sorry to hear this mate. It really pains me that the dude didn't want to take accountability for what he has caused so many people. You see that's why I would use exchanges that are mostly regulated and follow security measures to be just in case, 80% safe

[mich]

Well this does not make any sense for me. The former Alameda CEO and ex girlfiend to SBF Caroline Ellison says they wanted to keep price of Bitcoin down below $20,000. 
...

After his girlfriend's testimony, I think SBF is doomed. I don't know if SBF has some trick up his sleeve, but for now, it is not going very well for him. It would probably be good for him to start thinking about the deal with the prosecution for a lesser sentence...

It's the second week of the trial, and things are getting more interesting. I doubt that SBF can get out of this, so the only question is what punishment he will receive. What do you think about that?

Yes I think this is true you are correct. And now more she is talking it is only getting worst for him and his chance to be innocent.
She now has said SBF tried to unlock $1 Billion of funds using Thai prostitutes identities. He bribed Chinese officials with $100 Million.
https://cryptopotato.com/caroline-ellison-says-sbf-tried-to-use-thai-prostitute-accounts-to-unlock-frozen-1b/