Well, here we are a week later and Sam still not in custody and I am seeing nothing but puff pieces trying to frame him as a hero still. This probably means the crazy stories we have all heard about money laundering to democrats, GOP and Ukraine was on the money.
Here is probably the best summary you could read on the whole thing.
It truly is mind blowing they screwed this up but this is what I been saying for the last year and that is, crypto is dogsht. I hate saying that but I could smell the legacy takeover from a mile away as it was happening, everyone who couldn’t see that was simply chasing that first high as they call it and chose to ignore it.
Crypto, bitcoin etc is NOT the same thing it once was!
Some other recent revelations
Sam gave himself at least a $3 Billion dollar personal loan from FTX funds
They mostly extended out FTX in exchange for REAL hard money/assets
He is still walking free when Madoff was arrested within 24hrs
The new CEO was the same one brought in for Enron when it collapsed and he is getting $1300 per hour according to court documents
The largest unsecured creditor is owed over $226 million
There are over 100 big creditors on the list and they are trying to redact the names
Top 50 creditors lost over $3 billion
Genesis handed Do Kwon (another scammer) $1billion in bitcoin for UST, they also were on the hook for FTX and currently saying if they dont’ get cash injection they are done
Biden calling for stricter crypto currency regulation in light of FTX failure
Media hasn’t mentioned any of the money connections or political donations yet when in reality is should be getting clawed back as we speak
FTX “hacker” has been dumping over last 24 hrs, over $60 million in ETH and buying bitcoin
Chainanalysis has an $8.6 billion evaluation yet couldn’t tell us that money was moving out of FTX accounts, random people on twitter instead broke the news
More threaded goodness:
That’s it, bye!
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hey jay after reading through your FTX wormhole series I cant help but think of Trump's famous phrase "drain the swamp" and thats what all this sht is. You guys have probably been talking about this on stream but kinda like RH always talks shit saying "I want million dollar jpgs...centralized exchanges who are leveraged up...other nonsense to zero please" then we go back up. what do you think?