The more info that keeps coming out on FTX and sam, the more I am not liking this at all. We have 4 pretty big accusations now coming forward, some thin but others pretty rock solid.
Sam was working directly with SEC/Gensler to shelter himself while trying to attack the rest of crypto
Evidence is still coming forth, this struck me as interesting, sure we will hear more about this as time goes on
FTX general counsel used to report to Gary Gensler at the CFTC as his lead counsel, its this guy Ryne Miller.
Sam or someone at FTX was Sushi dev that walked away from Sushi after taking money and then maybe giving it back. This was brought up back when all that was fresh but then the apologies from today looked similar/had similar vibe so that came up again. This one is smaller so lets move on for now
Next and probably the biggest one is the entire family which apparently none of us looked into till now is pretty much stacked up in key positions and/or people that crypto kids hate.
Meet auntie…
Next his brother…
lovely
Next, mom and dad…
Catching onto the overlapping theme here of tax policy and stopping tax evasion, yet backman was setup in Bahamas which is a hot spot for tax evasion, the entire Caribbean is. Sure that is just coincidence though right?
Sam was a “young global leader” over at the WEF, they had FTX featured on their site as well.
Last important note here is that his dad was part of a regulation panel on hedge fund regulation during the GFC, and sam was pushing extremely hard to get the Digital Commodities Consumer Protection Act passed this year. Funny enough even politicians I guess were starting to ask questions at the size of the donations he was giving and the speed he was trying to get it done.
In short the Digital Commodities Consumer Protection Act will negatively affect defi, and guess what would’ve saved this situation from happening..? Defi, lastly guess what gensler gonna come after next? Probably Defi
Next apparently there was about 10 people including sam and caroline who were all in an open group sexual relationship- unconfirmed still but again small potatoes.
There is more but holy fk who cares, basically this had to be a fed operation setup internationally to draw in those looking to evade taxes, they gathered data on those people and surely US enemies and now blew up and surely will “lose” everyone’s money, sam will get off virtually unscathed.
And now with all that being said, Blockfi is the next blow up.
I told crypto was dogsht, but no one wanted to listen.
That’s it, bye!
damn this stuff makes me so angry and most of the time I feel so powerless. I guess the only semblance I get is knowing im a 5555er in HEX and I will never use these guys in the future; I have in the past, yikes!