BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT

[ethereumhunter]

This happened before he went to jail.

Here is a pic of him enjoying cards:

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

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[Fivestar4everMVP]

This happened before he went to jail.

Here is a pic of him enjoying cards:

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

Or maybe this is a photoshop, since the collapse of FTX and SBF going bankrupt, several persons have use his pic for several kinds of meme creation, I've seen some photos where the head of a different person is removed and replaced with the head of SBF in a bid to confirm some he did or did not do.
So I personally do not completely believe this pic openthebible shared here as it could likely be one of those photoshopped pics

[serjent05]

I also lost some money in FTX along with many other users. We will never forgive this man, as he has played with our money and with our emotions. He deserves a lifetime imprisonment.  

Not only you, but everyone last lost funds in that exchange. Also, those who were holding FTT tokens also have to face a severe loss.
We all are looking to hear any good news of the recovery of the funds from FTX, but news like SBF trying to gamble, just disappoints us and after hearing such news all hopes get vanish.

By the way, I heard he was sent to jail, so how could he still have access to FTX funds and how can he gamble while remaining in Jail? Is this all drama?

It could possibly be a rumor. Because expecting such news from a responsible stage is very unusual. And it is not possible to use steal money from the investors for gambling. Because if he does this, another legal action may be brought against him. And knowing and understanding he will never want to do that. Because he is currently suffering from various legal complications. There are many doubts about it, is it true or false?

The gamblig stuff happens when SBF is still out of jail.  Besides it doesn need a rocket science to gamble when you are at home, it it needs is a mobile gadget to play in a casino platform.  And recently, SBF is about to bail out so he is free with some conditions.

About the fund, I think during these time of gambling story, SBF have fund in a separate wallet which is accessible anytime he wanted to.  If the accusation is true that SBF gambled funds, I think it still falls to misappropriation of funds category.

[Hispo]

This happened before he went to jail.

Here is a pic of him enjoying cards:

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

Is it my imagination or that in front on his trading setup is a box of disposable paper tissues?  
A bottle of hand sanitizer (lube?) and a mini fan?

What kind of trading was this guy actually doing? I would not be surprised if that is the same set up he used to play on several poker tables at the same time when no one was watching, Jesus Christ.
 

[nullama]

~snip~
Is it my imagination or that in front on his trading setup is a box of disposable paper tissues?  
A bottle of hand sanitizer (lube?) and a mini fan?

What kind of trading was this guy actually doing? I would not be surprised if that is the same set up he used to play on several poker tables at the same time when no one was watching, Jesus Christ.
 

I think you might actually be right... 

In any case, I would say it's the people's responsibility to remove their money from an exchange. If you keep your money in control of some random person, that random person will do whatever they want with it.

[crwth]

That’s definitely one of the things that you need to take care of with yourself. I’m gambling with somebody else’s money and then knowing that you are responsible for it, and still continue to do it. I can’t believe I had hopes with him making FTX great exchange. I remember seeing those charity on the banners and made it feel like they are really interested in helping people, but it’s the other way around.

Never recover, something that would be more harder like gambling. Just accept your loss and find another way.

[ethereumhunter]

This happened before he went to jail.

Here is a pic of him enjoying cards:

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

Or maybe this is a photoshop, since the collapse of FTX and SBF going bankrupt, several persons have use his pic for several kinds of meme creation, I've seen some photos where the head of a different person is removed and replaced with the head of SBF in a bid to confirm some he did or did not do.
So I personally do not completely believe this pic openthebible shared here as it could likely be one of those photoshopped pics

That's why there is a saying that a picture has a million meanings

There are a lot of memes about FTX and SBF that have been circulating in public and there are a lot of rumors that say a lot of information about them. But unfortunately, we won't know which information is true and which is false because it's not easy to get true news.

This happened before he went to jail.

Here is a pic of him enjoying cards:

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

Is it my imagination or that in front on his trading setup is a box of disposable paper tissues?  
A bottle of hand sanitizer (lube?) and a mini fan?

What kind of trading was this guy actually doing? I would not be surprised if that is the same set up he used to play on several poker tables at the same time when no one was watching, Jesus Christ.
 

Each trader probably has a lot of items on their table. So it's possible he purposely left disposable paper towels, a bottle of hand sanitizer, and a mini fan. But for me, I will install an air conditioner or at least a big fan so that my room feels comfortable in analyzing the market.

If he was gambling, what should be on his monitor are gambling sites instead of trading charts. Or he has tricked many people

[len01]

This happened before he went to jail.

Here is a pic of him enjoying cards:

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

Or maybe this is a photoshop, since the collapse of FTX and SBF going bankrupt, several persons have use his pic for several kinds of meme creation, I've seen some photos where the head of a different person is removed and replaced with the head of SBF in a bid to confirm some he did or did not do.
So I personally do not completely believe this pic openthebible shared here as it could likely be one of those photoshopped pics

I also thought the same thing after the FTX collapse a lot of people edited SBF photos as funny memes from Photoshop and appeared several times on social media that I found.
and I also thought if that's true SBF is holding poker cards but as a rich FTX owner why does the room look like a mess and not like a boss. because usually a boss will have a clean and luxurious room not messy.

but back to the first topic that gambling is expecting big wins or big profits with the concept of paying off debts, that's a really stupid thing to do. because gambling is not a place for multiplying money instantly and tend to continue to lose.

[Jating]

^^ It doesn't matter though if that picture has been doctored or photoshop, the mere fact that he has gamble the money of others, not literally the gambling that he had to bet on a gambling site or casino, just playing along the money that he doesn't owns and loaning it to others, that is already gambling per se to me.

And if by chance he really took the money of other people and gamble it bigtime and think he will win and be able to payback, then something is really wrong with this guy. Specially given the powers that he had that time, billions of dollars, maybe he thinks he can get away with it without any consequences.

[mindrust]

^^ It doesn't matter though if that picture has been doctored or photoshop, the mere fact that he has gamble the money of others, not literally the gambling that he had to bet on a gambling site or casino, just playing along the money that he doesn't owns and loaning it to others, that is already gambling per se to me.

And if by chance he really took the money of other people and gamble it bigtime and think he will win and be able to payback, then something is really wrong with this guy. Specially given the powers that he had that time, billions of dollars, maybe he thinks he can get away with it without any consequences.

Seriously though, exchanges should stop playing hedge fund with their customers' money. These people are not depositing money so the exchange can make leveraged trades and make even more money. They don't have this right. This is outright a fraud.

FTX wasn't the first exchange to play pump and dump with the money they don't own and it is not going to be the last one.

How do we know if binance isn't doing the same thing? I wouldn't believe a word coming out of CZ's mouth tbh.

[bangjoe]

Of course, gambling is not a good thing to return that much money, even though I also sometimes win at gambling but the losses I get are far more than what I get from gambling.
especially if you use the user's money (other people) and hope to get the max win so you can pay for the losses of the users in the company.

I think that's too ridiculous for a well-known blockchain project developer, that's how genius SBF's brain is in managing debt payments and solving problems, if so, he will be the butt of ridicule by his friends, and in fact, many do that.

[fullhdpixel]

Of course, gambling is not a good thing to return that much money, even though I also sometimes win at gambling but the losses I get are far more than what I get from gambling.
especially if you use the user's money (other people) and hope to get the max win so you can pay for the losses of the users in the company.

I think that's too ridiculous for a well-known blockchain project developer, that's how genius SBF's brain is in managing debt payments and solving problems, if so, he will be the butt of ridicule by his friends, and in fact, many do that.

Gambling is not about losing money but it's because having fun. If you are always worried about how much you already lost then you are gambling the wrong way. Using the money of someone else without their consent is also wrong. This is why people must be careful and to easily trust a CEX because they don't know if what the exchange is doing with their funds. Gambling and hoping to win max is hard.

If we will insist to chase it then we will only lose. This is one of the beauty or the design of a gambling business. It makes greedy people even become more greedy when they think about their potential winning or profit but they disregard the risk factor.

[o48o]

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

Also there's the issue what he was supposedly playing card games online. It would be hard to say the least, to lose $100M allegedly company money to your friends at your house.

Is it my imagination or that in front on his trading setup is a box of disposable paper tissues?  
A bottle of hand sanitizer (lube?) and a mini fan?
-but-

Could be also box of masks. Had sanitizer makes sense and there's nothing wrong having paper tissues on front of your computer, many people do.

[sunsilk]

especially if you use the user's money (other people) and hope to get the max win so you can pay for the losses of the users in the company.

I think that's too ridiculous for a well-known blockchain project developer, that's how genius SBF's brain is in managing debt payments and solving problems, if so, he will be the butt of ridicule by his friends, and in fact, many do that.

That's the craziest part of it.

SBF ended up thinking that he'll get a lot of money back through gambling. That's why people that have deposited on FTX and have their money there, don't want to gamble because the risk is higher than trading or by just parking it there.

Well, the genius has came out of the cave and started to make freaky things out of people's money. That's what money can do if you don't own it yet you started to lose it with your wrongly deed.

[AmoreJaz]

especially if you use the user's money (other people) and hope to get the max win so you can pay for the losses of the users in the company.

I think that's too ridiculous for a well-known blockchain project developer, that's how genius SBF's brain is in managing debt payments and solving problems, if so, he will be the butt of ridicule by his friends, and in fact, many do that.

That's the craziest part of it.

SBF ended up thinking that he'll get a lot of money back through gambling. That's why people that have deposited on FTX and have their money there, don't want to gamble because the risk is higher than trading or by just parking it there.

Well, the genius has came out of the cave and started to make freaky things out of people's money. That's what money can do if you don't own it yet you started to lose it with your wrongly deed.

we don't know if he was thinking logically by such move, because it was known that he has some drug issues to treat his depression or ADHD. so for me, it affects his way of thinking and not surprised if he resorted to this move just to recover losses. however, such move was dangerous as he used the billion-dollar money of his clients. good if you are just using thousands of dollars but we are talking billion dollar here at the very least. if you are not living high profile with such amount, i don't know what that is.

[romero121]

Of course, gambling is not a good thing to return that much money, even though I also sometimes win at gambling but the losses I get are far more than what I get from gambling.
especially if you use the user's money (other people) and hope to get the max win so you can pay for the losses of the users in the company.

I think that's too ridiculous for a well-known blockchain project developer, that's how genius SBF's brain is in managing debt payments and solving problems, if so, he will be the butt of ridicule by his friends, and in fact, many do that.

He shouldn't have done it. We don't know, how far this is true. Many people have this behaviour, even I've done it earlier. When we're in a losing streak and we need money to gamble. Some coincidence happened and my friend gave money to keep it with me, and return while he ask. I gambled with the hope of recovering what I've lost earlier. Now I've lost my money and my friends. The same had happened with SBF, but the bet amount is different in a much higher scale 

[ChiBitCTy]

This guy is a complete and utter moron and I can't believe that so many were willing to do business around him let along work in the upper ranks of his company without spilling the beans, which would have been the proper thing to do.  This is coming from the same guy who said reading books is stupid, so the fact that he tried to gamble his way back in to the black, is not shocking what so ever.  This guy better rot in a jail cell for a very long time.

[uneng]

This guy is a complete and utter moron and I can't believe that so many were willing to do business around him let along work in the upper ranks of his company without spilling the beans, which would have been the proper thing to do.  This is coming from the same guy who said reading books is stupid, so the fact that he tried to gamble his way back in to the black, is not shocking what so ever.  This guy better rot in a jail cell for a very long time.

This guy was put where he was by someone else, because he definitely couldn't make his way through by himself. It's really not surprising he was gambling with customers' funds, as that is the smartest idea that could come from his mind in order to fix the mess he put everyone into. I think the most shocking part of the whole story is that the media gave him the status of phenomenon and prodigy boy. It would be funny if it wasn't tragic...

[Fivestar4everMVP]

This guy is a complete and utter moron and I can't believe that so many were willing to do business around him let along work in the upper ranks of his company without spilling the beans, which would have been the proper thing to do.  This is coming from the same guy who said reading books is stupid, so the fact that he tried to gamble his way back in to the black, is not shocking what so ever.  This guy better rot in a jail cell for a very long time.

This guy was put where he was by someone else, because he definitely couldn't make his way through by himself. It's really not surprising he was gambling with customers' funds, as that is the smartest idea that could come from his mind in order to fix the mess he put everyone into. I think the most shocking part of the whole story is that the media gave him the status of phenomenon and prodigy boy. It would be funny if it wasn't tragic...

Like i said before, if indeed he resorted to gambling as a way to try to fix up the mess he got himself and every one into, i think he wouldn't be the first to do this.
Like we all know or some of us know, Fred Smith, the then CEO of FedEx saved his company from bankruptcy through playing blackjack in las Vegas, So i have no doubt that SBF have heard this story and decided to attempt the same thing to see if he could be as lucky as Fred Smith, but unfortunately for him, it seems that luck wasnt just on his side.

[davis196]

1.This might be fake news.
2.If this news is actually true, then SBF is an idiot. So many people in the crypto world praised Bankman-Fried as some kind of genius. It seems like SBF is the complete opposite of a genius.
We can't predict what is happening in a desperate person's mind. Some people start acting totally dumb and irrational, when they lose control over the situation in their lives.
SBF could've pumped &dumped some dead shitcoin in order to recover some of the losses. FTX/Alameda had enough money to do such thing.
The profits would have been way bigger. I know it's unethical and probably illegal, but doing such thing is way smarter than wasting millions of dollars on gambling.