Noah (Shuffle) stole $20m from FTX after bankruptcy to start Shuffle

[Shishir99]

My guess is the money belong to the shuffle founder but once withdrawal is closed, the money belongs to all ftx creditors and taking it with fake id is illegal when others couldn't withdraw.

Fuck it. If it's my own money on my account, I would try to withdraw it anyway. No matter what it costs me.
What if Noah has Bahamas Nationality as well? Do you know everything about him? Even if he used someone to withdraw his funds, I would say it is okay. He did not hacked the platform. He did not stole other peoples money. He withdraw his own funds and your thread title says he Stole the money from FTX? Sometimes doing these things are heroic. I remember how a girl withdraw her own money from the bank in Lebanon. Most international media covered that. Woman holds up Beirut bank with activists to withdraw own savings.

[Wonder Work]

I'm not sure, but I think it's possibly an alt of the guys making the scam accusations against shuffle recently. I don't know if they're all the same person or what, but it seems odd that everyone shows up within a week or so of each other making claims.

His links might (or might not) be accurate but he should explain why government investigators did not make a link between Shuffle and FTX.

This question was also on my mind and I tried to find out but what I saw was that they tried to avoid this issue, then I felt that they would not give any explanation on this issue, that is why these issues were not linked through proper explanation. Do you think they will still explain this?

[JollyGood]

If you are referring to the OP then he has clarified his position but whether it is believed or not is a different matter altogether. He seems to be sidestepping the issue of his personal interest in any action against Shuffle and Noah but keeping that aside he never explained why investigators did not take action against Shuffle/Noah after those funds were withdrawn from FTX.

Maybe the OP is not happy with the hypothesis that certain FTX employees knew the company was going to collapse and withdrew funds before it happened and also that some members managed to withdraw funds after FTX troubles were made public whereas some were unable to. Maybe he is alleging Noah was given special privilege to withdraw money when others were not. If the OP wants to elaborate further it might enlighten us, until then we can only speculate.

His links might (or might not) be accurate but he should explain why government investigators did not make a link between Shuffle and FTX.

This question was also on my mind and I tried to find out but what I saw was that they tried to avoid this issue, then I felt that they would not give any explanation on this issue, that is why these issues were not linked through proper explanation. Do you think they will still explain this?

[kairos1829]

If you are referring to the OP then he has clarified his position but whether it is believed or not is a different matter altogether. He seems to be sidestepping the issue of his personal interest in any action against Shuffle and Noah but keeping that aside he never explained why investigators did not take action against Shuffle/Noah after those funds were withdrawn from FTX.

Maybe the OP is not happy with the hypothesis that certain FTX employees knew the company was going to collapse and withdrew funds before it happened and also that some members managed to withdraw funds after FTX troubles were made public whereas some were unable to. Maybe he is alleging Noah was given special privilege to withdraw money when others were not. If the OP wants to elaborate further it might enlighten us, until then we can only speculate.

His links might (or might not) be accurate but he should explain why government investigators did not make a link between Shuffle and FTX.

This question was also on my mind and I tried to find out but what I saw was that they tried to avoid this issue, then I felt that they would not give any explanation on this issue, that is why these issues were not linked through proper explanation. Do you think they will still explain this?

okay, let me explain. the withdrawals happened on day ftx collapsed when it was blocked for everyone. bahamas ppl could withdraw and ppl used illegal id to do that.

the feds havent gone after everyone cause they were busy putting bankmanfreid and his accomplices in jail. they dont focus on randos in countries outside US. so why hasnt he got into trouble yet? its cause this wasnt priority and they didnt bother as biger fish to fry. most of this things are looked at by authorities when someone tips them off and no one has yet.

there are other ppl like this from ftx who got reported and got in shit so if this is reported, same can happen- https://cointelegraph.com/news/ftx-lawsuit-against-former-employees-hong-kong-affiliate
only difference i see is that was 150m in article and this was 20m.

[BenCodie]

Can someone please enlighten me as to why the on-chain proof is being doubted in this thread?

Is it insufficient?

Looks like a pretty damn big revelation here and considering it's all on-chain....

No-one is denying the fact that some transactions happened. What is being said is if these transactions were illegal, the feds would have already investigated it and this Noah guy would be sitting in a cell. When the whole SBF fiasco happened and they arrested him and his girl who turned on him, don't ya think that every single transaction would have been looked at? I'm sure that part of his deal was he had to give full details of every transaction from the FTX wallets.

I think the feds have already dusted their hands with FTX and are probably no longer investigating the case at this stage. I think it is also naive to think that they are real-time in catching criminals. I am not saying Noah is a criminal, but the fact is, Noah of Shuffle.com used $20,000,000 that originated from a criminal organization to start a casino.

That's a pretty damn big fact...and valid chain of questions come with it:
From what did that $20,000,000 come from? Did it simply originate from legitimate funds and appreciated with Crypto (which leads to questions of insider trading considering FTX / Alameda research connects)? Or did he earn it with FTX, and if so, in what world do you earn $20,000,000 from a (criminal) company that was around for less than 5 years if you weren't significantly involved in its (criminal) operations? That's $4,000,000 a year (conservative as FTX was not around for 5 years it was for less)...PLUS he received this money while others were not able to, so it is clear he had a significant position in FTX.

Yes, Crypto did very well in that period and one could argue that Noah made the $20,000,000 from appreciation of Crypto...but even $1,000,000 is a 20x to $20,000,000.

The numbers aren't adding up here and if those transactions are valid as you said (in bold) then there is obviously investigation that is to-be-had.

It is sad to see so many people (who are fed by shuffle?) neglecting the need for further investigation when there is clear on-chain evidence.

Can someone please enlighten me as to why the on-chain proof is being doubted in this thread?

Is it insufficient?

Looks like a pretty damn big revelation here and considering it's all on-chain....

Regardless of whether they are the same person or not, the feds would have someone in jail over 20 million. He wouldn't be operating a casino if all this was true and he took 20 million illegally.

Come on. Are you telling me that every single casino operator is clean-as-a-whistle and if they weren't clean-as-a-whistle then they'd be in jail? I wasn't aware that Crypto and the world had such a real-time autonomous justice system where as soon as someone does something illegal they are immediately reprimanded...Oh wait. We dont.

Not a single person can deny that this comment is so far from the reality that we live in, some people are never jailed for their misdeeds. sometimes officials/people are paid off to be let off of their misdeeds, sometimes people get their consequences years or decades later...That's the world/reality we live in AFAIK. Not this one that you seem to live in (based on your comment).

The blockchain speaks the truth and the big truth right now is that according to the blockchain. Noah of Shuffle received $20,000,000 in $50,000 increments from FTX.com - The big question that comes after that is what are the origins of those funds/how were they earned and the answer to that question will tell us if that money was illegal or not.

Can someone please enlighten me as to why the on-chain proof is being doubted in this thread?

Is it insufficient?

Looks like a pretty damn big revelation here and considering it's all on-chain....

This guy just posted some transactions and said they were this or that hoping for some leverage on a casino. Why? Trying to get his affiliate pay. I am assuming this OP and the OP of this thread are the same person. Just a hunch.

I also don't care about the OP and his scenario at this point I am just strictly speaking about the $20,000,000 that Noah, the administrator of Shuffle.com, received from FTX.com, and what exactly the origins were of that $20,000,000 (considering FTX was a criminal organisation which was operated by more than just SBF).

[nutildah]

Regardless of whether they are the same person or not, the feds would have someone in jail over 20 million. He wouldn't be operating a casino if all this was true and he took 20 million illegally.

Come on. Are you telling me that every single casino operator is clean-as-a-whistle and if they weren't clean-as-a-whistle then they'd be in jail?

Obviously that's not what he's saying. Why ramp things up to hyperbolic extremes? The FTX bankruptcy was a high profile event. Those tasked with identifying funds transferred out in its final days wouldn't let something like this slip by unless they felt the withdrawals were legitimate. Basically you're saying you know better than them, even though they have access to a lot of information you do not. Any idiot can look at Etherscan and jump to the same conclusions you have.

The blockchain speaks the truth and the big truth right now is that according to the blockchain. Noah of Shuffle received $20,000,000 in $50,000 increments from FTX.com - The big question that comes after that is what are the origins of those funds/how were they earned and the answer to that question will tell us if that money was illegal or not.

I suppose you better go to congress and demand a full investigation since you're not satisfied with what has happened so far.

Also, they weren't all 50k increments (rounding up as most were 49999); one was 150k, a few were 4998, one was 6826... You're just repeating what the OP said without confirming it for yourself.

I also don't care about the OP and his scenario at this point I am just strictly speaking about the $20,000,000 that Noah, the administrator of Shuffle.com, received from FTX.com, and what exactly the origins were of that $20,000,000 (considering FTX was a criminal organisation which was operated by more than just SBF).

The withdrawal of such a large sum of funds on the day (or day before) it was announced that FTX was suspending withdrawals is indeed strange. Noah Dummett worked at Alameda Research. It appears he knew what was about to happen. Maybe everyone who worked for Alameda got the same treatment, we don't know. We also don't know if he was cleared or if there is an ongoing investigation into the withdrawals. One thing's for sure: getting all mad about it won't change anything.

[FinneysTrueVision]

there are other ppl like this from ftx who got reported and got in shit so if this is reported, same can happen- https://cointelegraph.com/news/ftx-lawsuit-against-former-employees-hong-kong-affiliate
only difference i see is that was 150m in article and this was 20m.

The specific case mentioned in this article has already been dismissed.
https://restructuring.ra.kroll.com/ftx/Home-DocketInfo?DocAttribute=4756&DocAttrName=FTXTRADINGLTD.%2CETAL.V.BURGESS%2CETAL._Q&MenuID=10549&AttributeName=FTX%20Trading%20Ltd.%2C%20et%20al.%20v.%20Burgess%2C%20et%20al.

It seems that FTX sued several exchanges, trading firms, and individuals to try and claw back as many funds as possible. Claw back litigation is a normal part of a bankruptcy process. These cases are usually settled or dismissed. FTX could try and reclaim the $20 million that was sent to a Shuffle-related wallet, but the worst that could come of this would be that the Shuffle owner would have to return $20M.

I am not saying Noah is a criminal, but the fact is, Noah of Shuffle.com used $20,000,000 that originated from a criminal organization to start a casino.

Less than $100k of the FTX funds were transferred to Shuffle. The majority went into defi and centralized exchanges. There are all kinds of things one can speculate based on what little evidence was presented in this thread, but until there is more than vague, unsubstantiated allegations I cannot conclude that Shuffle is an untrustworthy platform.

[JollyGood]

If we agree for a moment that everything transpired and events unfolded exactly the way you stated, there is an immediate question that comes to mind: If you know about this then no doubt the investigators know about it too therefore what action did they take?

Also, using your personal opinion and insight, which of the following is the probably most accurate:

Noah was interviewed and cleared
Noah was interviewed and is still under investigation
Noah was never interviewed 
Noah was never interviewed and never will be
Noah was never interviewed but possibly will be

okay, let me explain. the withdrawals happened on day ftx collapsed when it was blocked for everyone. bahamas ppl could withdraw and ppl used illegal id to do that.

the feds havent gone after everyone cause they were busy putting bankmanfreid and his accomplices in jail. they dont focus on randos in countries outside US. so why hasnt he got into trouble yet? its cause this wasnt priority and they didnt bother as biger fish to fry. most of this things are looked at by authorities when someone tips them off and no one has yet.

there are other ppl like this from ftx who got reported and got in shit so if this is reported, same can happen- https://cointelegraph.com/news/ftx-lawsuit-against-former-employees-hong-kong-affiliate
only difference i see is that was 150m in article and this was 20m.