The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019

Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors

U.S. Securities and Exchange Commission 2022-12-13

Discussion

@secgov @secgov on x
Gurbir Grewal: We commend our law enforcement partners for securing the arrest of Sam Bankman-Fried on federal criminal charges. The SEC has authorized separate charges relating to his violations of securities laws, to be filed publicly tomorrow in SDNY. https://twitter.com/...
@tier10k @tier10k on x
[DB] SEC Charges Samuel Bankman-Fried With Defrauding Investors in Crypto Asset Trading Platform FTX
@laurashin Laura Shin on x
Getting Theranos flashbacks (Holmes's conviction was based on misrepresentations made to investors) https://twitter.com/...
@timccopeland Cope on x
“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto.” - SEC Chair Gary Gensler.
@dogetoshi Steven on x
At one point, Alameda's bank account was holding as much as $8B worth of FTX users' funds. https://t.co/BkwF1L5zVi
@polarpunklabs @polarpunklabs on x
so apparently dollars are fungible is not a solid legal defence
@tmuxvim Artur on x
so I and many others had misgivings about FTX trading against their own customers via Alameda and it turns out they were actually just stealing from them too lmao epitome of “our expectations for you were low but holy fuck” https://twitter.com/...
@arthur_0x Arthur on x
https://www.sec.gov/... Still reading but turnout almost everything CT were skeptical and speculated on about Alameda/FTX were fairly accurate...
@cgasparino Charles Gasparino on x
BREAKING: @GaryGensler met w @SBF_FTX twice over the past year, or so. I cant recall another time when an @SECGov chair met privately w a target of a major fraud in the months leading up to charges being filed and the targets arrest. Incoming GOP majority will be asking questions
@spreekaway @spreekaway on x
Gary already knows about the highly profitable trade huh https://twitter.com/...
@adamscochran Adam Cochran on x
SEC has now filed against Sam demanding a jury trial for securities fraud, Not stating that tokens are securities but instead that from the *very start* of FTX Sam knowingly stole user funds for Alameda trades and his lavish lifestyle https://www.sec.gov/...
@pt Parker on x
Gensler couldn't bring himself to protect retail investors from crypto, but don't fuck with Sequoia. I wish I knew his wallet so I could tip him some FTT. https://www.sec.gov/... https://twitter.com/...
@meattc_ @meattc_ on x
We have it on the record now - Caroline told Alameda employees that they all knew Alameda had used FTX customer funds https://twitter.com/...
@testinprodcap @testinprodcap on x
# Times mentioned in the SEC document. Bankman-Fried - 133 Wang - 11 Ellison - 8 Singh - 8 Trabucco - 4
@silvermanjacob Jacob Silverman on x
Well? https://twitter.com/...
@cryptocronkite Cronk on x
Gary isn't saving him. those paint arrows between Caroline, her dad, Gary and Sam don't mean they're all some loyal crime family together https://twitter.com/...
@desogames @desogames on x
Couple of highlights. I think the DoJ's case will be more extensive, this is gonna take ages to dig everything up, buuuuut there's a few gems in there none the less: https://twitter.com/... https://twitter.com/...
@arthur_0x Arthur on x
US authorities moved very quickly given the high profile nature of this case. https://twitter.com/...
@twobitidiot Ryan Selkis on x
Dead to rights securities fraud. Good to see the SEC focused on protecting the $1.1 billion of US venture investors defrauded by FTX-Alameda vs. conducting an indiscriminate witch hunt. Without crypto's self-policing and scrutiny, SBF would have risen to Madoff-level heights. htt…
@zerohedge @zerohedge on x
There is @SBF_FTX's fraud https://twitter.com/...
@mayazi Maya Parody on x
One of my takeaways at the entire crypto funding landscape, is that most of the reason crypto VC valuations held up in Q2-Q3 '22, was due to SBF handing out client money to startups at vapor valuations. I almost feel sorry for the VCs who fomoed into those terms & compartives
@kadhim @kadhim on x
“[F]rom the start, Bankman-Fried improperly diverted customer assets to his privately-held crypto hedge fund, Alameda Research LLC ("Alameda"), and then used those customer funds to make undisclosed venture investments, lavish real estate purchases, and large political donations"
@robdothutton Robert Hutton on x
Of course, both of these things could be true. https://twitter.com/...
@ivanthek @ivanthek on x
🚨 There it is. Looks like the SEC was able to get the answer to this question. https://twitter.com/...
@annmlipton @annmlipton on x
More on the “SBF knew”: https://twitter.com/...
@jim_edwards Jim Edwards on x
SBF took $1.4 billion for himself, SEC says. Singh and Wang took $544m and $224.7m, respectively. https://twitter.com/...
@hedgeye @hedgeye on x
“There was no meaningful distinction between FTX customer funds and Alameda's own funds.” “He then used Alameda as his personal piggy bank to buy luxury condominiums, support political campaigns, and make private investments, among other uses.” https://twitter.com/...
@truecrypto28 Mr. Anderson on x
While I lost a small fortune on @FTX, I cannot say that seeing @SBF_FTX arrested brings me any joy at all. However, it does tell me that it's about that time to turn the page, continue reading, and let the next story begin.
@juleshyman Julie Hyman on x
SEC on SBF: He was drawing customer funds from FTX for Alameda from inception (not just when Alameda got into trouble, as he has claimed). Alameda as a result had a limitless “line of credit” from FTX, and funded SBF's venture, political & real estate spending. https://twitter.co…
@annmlipton @annmlipton on x
Aha yes - the SEC is relying on FTX's public statements about its business as the equivalent of statements to investors, because SBF never gave investors any information except “look at the platform” https://twitter.com/...
@annmlipton @annmlipton on x
Investors did so little due diligence (ahem Sequoia ahem) that I wonder if some of these allegations are bc the SEC is trying to find a false statement made to investors in FTX. That's hard to do when your founder won't give any information to investors at all: https://twitter.co…
@hedgeye @hedgeye on x
SEC charges SBF “massive years-long fraud” “brazen multi-year scheme” “From the start... Bankman Fried continually diverted FTX customer funds to Alameda” https://twitter.com/...
@mrjasonchoi Jason Choi on x
“Years-long fraud” The wording here is significant as it's in stark contrast to the philanthropic image of SBF portrayed over past month's PR campaign. https://twitter.com/...
@cryptodonalt DonAlt on x
Every illegally fraud obtained Bitcoin that Sam sold shall be worth twice the price he sold it at to spite him
@robinwigg Robin Wigglesworth on x
“Unbeknownst to investors (and to FTX's trading customers), SBF was orchestrating a massive, years-long fraud, diverting billions of dollars of the trading platform's customer funds for his own personal benefit and to help grow his crypto empire.” https://www.ft.com/... https://t…
@hsakatrades @hsakatrades on x
@CryptoCronkite Yeah, looks like Caroline immunity secured. No idea what happens to Tabasco, Nishad Singh, Gary Wang, Ryan Salame etc. Guess Tabasco second safest given he's probably been preparing a legal defence since he dipped.
@hsakatrades @hsakatrades on x
@CryptoCronkite Tabasco mentioned 3x in the SEC filing. Caroline just once. Both as association with Alameda, but then they're also driving how at the end of the day it was the goblin himself that operated Alameda. Maybe Tabasco cut some kind of a deal too? https://twitter.com/..…
@scottmelker @scottmelker on x
The SEC filing alleges that SBF was stealing customer funds from day 1. It was a fraud from the very beginning. “31. From the inception of FTX, Bankman-Fried diverted FTX customer funds to Alameda, and he continued to do so until FTX's collapse in November 2022”
@kadhim @kadhim on x
Two striking things about the SEC's complaint: 1 / There's no half-measures — they're alleging that SBF himself personally directed the fraud at every step 2 / SBF's extensive public comments, unsurprisingly, are being used against him to devastating effect in the filing
@mc_of_a Michael Caley on x
yeah this does not sound like the comparatively innocent “we started doing fraud after a crisis to fix our books and we got in over our heads” they were just always in the fraud biz https://twitter.com/...
@jim_edwards Jim Edwards on x
Notably, SBF is the ONLY defendant in this action. (That doesn't mean further defendants won't be charged ... but it's interesting that the SEC is doing this one by one!) https://twitter.com/...
@timccopeland Cope on x
“I had thought of myself as a model CEO” https://twitter.com/...
@wublockchain Wu Blockchain on x
The indictment alleges that since May 2019, FTX has deposited billions of customer funds in Alameda, which is concealed; in 2021, SBF instructed Alameda to borrow billions of dollars; as crypto plummeted in May 2022, SBF directed Alameda to use client funds to repay loan.
@timccopeland Cope on x
still can't believe this happened + will it go in legal filings lol https://twitter.com/...
@loopifyyy @loopifyyy on x
this Sam story is getting worse day by day and it's been weeks already assumptions are turning into confirmations he is playing mainstream media like a game whilst being one of the worst fraudsters in history and smiling behind the scenes
@boxmining @boxmining on x
Damnn SEC hitting hard - Filing talks about defrauding investors since May 2019 https://twitter.com/...
@claritytoast Nate Anderson on x
Ok so SBF is not a criminal mastermind. He's just a regular moron fraudster. Good enough to make it big in crypto though. https://twitter.com/...
@breakoutpoint @breakoutpoint on x
The SEC charged SBF: “SBF engaged in a scheme to defraud equity investors in FTX...at the same time that he was also defrauding the platform's customers” “SBF also used commingled funds from Alameda to make large political donations...” https://www.sec.gov/...
@goldseek @goldseek on x
Store of theft https://twitter.com/...
@tier10k @tier10k on x
In an alternate reality, Sam took the L and wound up Alameda in May In this reality, he is sitting in a cell awaiting extradition https://twitter.com/...
@kadhim @kadhim on x
Sam Bankman-Fried has said repeatedly that he didn't know that billions of FTX customer funds had built up at Alameda because of an old bank account he forgot about. SEC alleges that not only did SBF know, he actively sought to conceal the funds: https://www.documentcloud.org/ ..…
@wublockchain Wu Blockchain on x
The U.S. SEC accused SBF of defrauding equity investors; using billions of dollars of customer funds for undisclosed venture capital, large-scale real estate purchases, and political donations; violating securities laws and securities exchange laws. More: https://www.sec.gov/...
@claritytoast Nate Anderson on x
From the SEC allegations just filed: Sam Bankman-Fried was stealing customer assets from inception. It was a fraud from the beginning. https://www.sec.gov/... https://twitter.com/...
@lookner Steve Lookner on x
SEC announces it has charged Sam Bankman-Fried with “orchestrating a scheme to defraud equity investors in FTX ” https://www.sec.gov/... https://twitter.com/...
@kadhim @kadhim on x
“Bankman-Fried engaged in a scheme to defraud equity investors in FTX Trading Ltd. ("FTX"), the crypto asset trading platform of which he was CEO and co-founder, at the same time that he was also defrauding the platform's customers." https://twitter.com/...
@jonerlichman Jon Erlichman on x
“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto.” https://twitter.com/...
@tree_of_alpha @tree_of_alpha on x
SEC's Gary Gensler: We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto.
@belisarius2020 Bill Morgan on x
People like him flourish (in wrongdoing) in a regulatory environment of lack of clarity while your boss clarity Gary runs around sprouting about how there is so much clarity. No doubt the SEC will take the opportunity to allege a whole bunch of cryptos are securities/1 https://tw…
@tier10k @tier10k on x
SBF remained the ultimate decision-maker at Alameda, even after Ellison and Trabucco became co-CEOs in October 2021. SBF directed investment and operational decisions, frequently communicated with Alameda employees, and had full access to Alameda's records and databases
@johnedeaton1 John E Deaton on x
Never miss an opportunity to claim tokens you refused to give guidance on are securities because you know no one wants to defend any part of a case involving a POS like SBFraud. https://twitter.com/...
@meattc_ @meattc_ on x
It appears the SEC charges against SBF center around FTX equity sales, rather than anything related to operating the exchange itself. Would guess Gary's working on more, and he gives his typical lip service to others needing to “come into compliance.” https://www.sec.gov/... http…
@hsakatrades @hsakatrades on x
Goblin: “I had no visibility into Alamedas operations” SEC Filing: “Bankman-Fried remained the ultimate decision-maker at Alameda, even after Ellison and Trabucco became co-CEOs in or around October 2021.” https://twitter.com/...
@kadhim @kadhim on x
SEC CHARGES SAM BANKMAN-FRIED Here's the filing: https://www.documentcloud.org/ ... https://twitter.com/...
@mayazi Maya Parody on x
Most explosive “fucking hell part” - SEC claims that following Luna collapse SBF let Alameda repay their lenders from FTX client funds. It's like the SEC pieced together every damning allegation & isn't taking any “oh shucks I screwed up” prisoners
@tree_of_alpha @tree_of_alpha on x
https://www.sec.gov/... https://twitter.com/...
@tier10k @tier10k on x
In May 2022 several of Alameda's lenders demanded re-payment. Because Alameda did not have sufficient assets to cover all of these obligations, SBF directed Alameda to draw on its “line of credit” from FTX. Billions of dollars of FTX customer funds were thus diverted to Alameda
@smtuffy Sean Tuffy on x
Here's the TL;DR part ... it was always a fraud https://twitter.com/...
@lisaabramowicz1 Lisa Abramowicz on x
“Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto...FTX's collapse highlights the very real risks that unregistered crypto asset trading platforms can pose.” https://www.sec.gov/...
@du09btc @du09btc on x
Turns out the #SEC is not that useless after all. They charged Sam for defrauding investors. Read it in full: https://www.sec.gov/... https://twitter.com/...
@ldrogen Leigh Drogen on x
There was a moment where Sam could have just tossed Alameda overboard, not done all the criming, and still had FTX Maybe he still would have stolen the money eventually anyway, but there was a moment here when it all went bad https://twitter.com/...
@sdnynews @sdnynews on x
USA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time.
@sarahnemerson Sarah Emerson on x
BREAKING: Attorney General of the Bahamas has said @SBF_FTX has been arrested following “receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.” https://twitter.com/...
@latraelrahming Latrae L. Rahming on x
On 12 December 2022, the Office of the Attorney General of The Bahamas is announcing the arrest by The Royal Bahamas Police Force of Sam Bankman-Fried ("SBF"), former CEO of FTX. https://t.co/CRNeLPAbVp
@tier10k @tier10k on x
https://twitter.com/...
@kaitlancollins Kaitlan Collins on x
“I don't think I will be arrested,” Sam Bankman-Fried said earlier today, per the New York Post. https://nypost.com/... https://twitter.com/...
@techemails @techemails on x
Sam Bankman-Fried emails Attorney General of The Bahamas November 10, 2022 https://twitter.com/...
@sbf_ftx @sbf_ftx on x
@tier10k If this is true then I wasn't a member of that inner circle (I'm quite sure it's just false; I have never heard of such a group)
@repleezeldin Lee Zeldin on x
Tomorrow, Sam Bankman-Fried was scheduled to testify in front of the House Financial Services Committee. @HouseGOP was ready to grill him six ways to Sunday. Now breaking tonight, SBF was just arrested!🧐 Why not allow him to 1st testify tomorrow and answer our many questions?
@tier10k @tier10k on x
[DB] SBF Arrested by Bahamian Authorities
@chancery_daily @chancery_daily on x
SBF no longer in self custody
@coffeebreak_yt @coffeebreak_yt on x
🚨Sam Bankman Fried was just arrested in the Bahamas by the Royal Bahamas Police Force! Faces “likely extradition.” https://twitter.com/...
@kadhim @kadhim on x
If there's a trial, the FTX prosecutor is going to have to add “Yes, really” when this exhibit is introduced: https://www.afr.com/... https://twitter.com/...
@tina_davis Tina Davis on x
By way of comparison, Bill Hwang was arrested 13 months after Archegos collapsed https://www.bloomberg.com/...
@sensherrodbrown Sherrod Brown on x
I applaud the @TheJusticeDept and the Bahamian authorities for holding Sam Bankman-Fried accountable. The @SenateBanking and Housing Committee will continue working to uncover crypto's risks to consumers, our financial system, and our national security. https://twitter.com/...
@iamdcinvestor @iamdcinvestor on x
did they arrest SBF today so he wouldn't testify in front of Congress tomorrow, and have to face down leaders of one party calling out the other for taking donations from him? oh my, what a cluster
@ledgerstatus @ledgerstatus on x
Well SBF had told us he may come on the show this week bc he might have something new to share. He does have something new but don't think he's gonna make it.
@cobie @cobie on x
@ledgerstatus > steals my ftx deposits > ruins 2 yrs of podcast episodes forever branded w scam exch > doesnt even fucking dare to come on the podcast despite doing 999 grifter tw spaces > gets arrested > 25 to life whatever man
@twobitidiot @twobitidiot on x
The justice department will do it's work. The rest of us can move on. I've got no interest in the circus. Good riddance and onward.
@lilmoonlambo @lilmoonlambo on x
crypto twitter after hearing SBF got arrested https://twitter.com/...
@draftcheat @draftcheat on x
This dude had like a month to get his ass to a non extradition country. Criminal better my man https://twitter.com/...
@can @can on x
if you have been tweeting about how SBF is going to avoid jail time because he donated to Dems, maybe take an L and stop tweeting for a bit
@ryansadams Ryan Sξan Adams on x
Sam's last tweet before he went to jail was just over 2 hrs ago. Still warm. https://twitter.com/...
@richsignorelli Richard Signorelli on x
Talkative SBF is driving his cellmate crazy tonight.
@dlauer Dave Lauer on x
US has filed criminal charges against SBF and he's been arrested for extradition. https://twitter.com/...
@chriscantino @chriscantino on x
SBF has been arrested and faces impending extradition. Happy holidays. https://twitter.com/...
@kadhim @kadhim on x
🚨 SAM BANKMAN-FRIED ARRESTED 🚨 US HAS FILED CRIMINAL CHARGES https://twitter.com/...
@jagoecapital @jagoecapital on x
Looks like @SBF_FTX was just arrested by Bahama Authorities, over a month after the collapse of @FTX_Official US authorities sent Bahamas notice of criminal charges against SBF and he was taken into custody, pursuant to the Extradition Act of the Bahamas SBF tweeted 1 hour ago. h…
@asvanevik @asvanevik on x
Happy SBF Jail Day, everyone!
@cobie @cobie on x
@tier10k Toasting in an epic bread
@wclementeiii Will Clemente on x
Now we know what Caroline was doing in SoHo getting that coffee lol https://twitter.com/...
@moonoverlord @moonoverlord on x
SBF spent his last day free doing what he loved Lying nonstop on twitter high on meth and rambling on twitter spaces
@statelayer @statelayer on x
Bring SBF Home
@adamscochran Adam Cochran on x
Fucking right! End his damn media tour bs and pursue some facts and clear justice for the thousands that sociopathic liar hurt! https://twitter.com/... https://twitter.com/...
@bondhack Robert Smith on x
I can't wait to see what Bill Ackman tweets next!
@0xfoobar @0xfoobar on x
we should send sbf to russia in exchange for getting that merchant of death arms dealer guy back
@bongcapital @bongcapital on x
Call me crazy, but I think @SDNYnews is telling the truth. https://twitter.com/...
@excellion Samson Mow on x
Seems like it will be the same for SBF but for different reasons. https://twitter.com/...
@cobie @cobie on x
u said it bro https://twitter.com/...
@kenziesigalos MacKenzie Sigalos on x
Bahamian authorities have arrested Sam Bankman-Fried after U.S. files criminal charges against the former FTX CEO & crypto billionaire. Updating in real-time as we learn more: https://www.cnbc.com/... @rogoswami
@alexisohanian @alexisohanian on x
As more comes to light in the trial, etc, I hope this finally ends the tolerance in tech for CEOs who openly abuse drugs at work and sleep-with/try-to-sleep-with employees (not to mention, you know, stealing from customers). https://twitter.com/...
@dystopiabreaker @dystopiabreaker on x
what's the over/under on SBF bribing Bahamian authorities to arrest him to avoid the congressional inquiry
@beatinthebookie @beatinthebookie on x
About time. https://twitter.com/...
@0xallen_ @0xallen_ on x
SBF got arrested before he could go in front of Congress and say incriminating stuff about who else he's paid off is my guess.
@rampcapitalllc @rampcapitalllc on x
Hopefully they let him finish his League of Legends game https://twitter.com/...
@eriqgardner Eriq Gardner on x
Guess SBF didn't know better than every lawyer, crisis management guru, and average person on social media... https://twitter.com/...
@danprimack Dan Primack on x
SBF arrest timing: 1/ The timing is odd, because you'd think prosecutors would have wanted SBF to testify under oath. Gives them more leverage.
@wclementeiii Will Clemente on x
Now that SBF is in custody, time to move on. (while never forgetting) He is not worth the time of day to get any more airtime or mental headspace from any of us. Good riddance, now time to let the justice system do it's job.
@marketrebels @marketrebels on x
Maxine Waters not really happy about the arrest of SBF. https://financialservices.house.gov/ ... https://twitter.com/...
@lukewearechange Luke Rudkowski on x
The pressure and coverage from independent journalists finally made them do something! https://twitter.com/...
@stoolpresidente Dave Portnoy on x
SBF just got arrested. Thank god. Fellow criminal @hbloget is going to bail him out. https://twitter.com/...
@0xvktr @0xvktr on x
since the US is now doing prison roster swaps may i suggest a swap of sbf for ross ulbricht
@parikpatelcfa @parikpatelcfa on x
SBF stole client funds to subsidize his life in the Bahamas. Now he's stealing taxpayers' money to subsidize his life in jail
@greg_price11 Greg Price on x
🚨BREAKING: Sam Bankman-Fried has been arrested by Bahamian police following a “receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.” https://twitter.com/...
@gchahal Gurbaksh Singh Chahal on x
Following the filing of charges against Sam Bankman-Fried by US authorities, Bahamas authorities arrested him. According to Bahamas Attorney General Ryan Pinder, the US has filed unspecified criminal charges against Bankman-Fried and is “likely to request his extradition.”
@mattbinder Matt Binder on x
lol how is SBF unfollowing people on Twitter right now? does someone else have access to his account? do they let you keep your phone in Bahamas jail? is he already out? https://twitter.com/...
@kr00ney @kr00ney on x
Joint statement from @SenToomey & @SenSherrodBrown on SBF @SBF_FTX refusal to testify in front of Senate: “He has declined in an unprecedented abdication of accountability.. he owes the American people an explanation.” https://twitter.com/...
@jason @jason on x
.@SBF_FTX isn't a dopey kid... he's fucking Lex Luthor. Don't give him a pass. Throw the fucking book at him. Madoff-level sentence: 100+ years He's an Ivy League, elitist criminal who paid off the press, politicians, & celebrities to steal from individuals. “Allegedly”
@davidsirota David Sirota on x
really wild how many elites pretend to be scandalized by SBF who also weren't at all scandalized by Enron fleecing the country or by enormous Wall Street firms cratering the entire global economy and immiserating millions of people for the rest of their lives
@autismcapital @autismcapital on x
If this is confirmed false we will delete this immediately. We are not trying to engagement farm. We understand the gravity of this claim and take the responsibility seriously.
@davidhundeyin David Hundeyin on x
My favourite genre of crypto Twitter is the exchange and token founders queuing up to slam dunk on SBF and call him a criminal and a fraudster (which he is), while they themselves are running the EXACT same ponzi scheme. Biggest advertisement for becoming a bitcoin maxi.
@asvanevik @asvanevik on x
I am hereby declaring Dec 12th a public holiday for Crypto Twitter: SBF Jail Day.
@lopp Jameson Lopp on x
Good news: SBF's PR tour has concluded.
@nmasc_ Natasha on x
one month and one day after ftx filed for bankruptcy and he stepped down, sbf has been arrested
@renato_mariotti Renato Mariotti on x
Sam Bankman-Fried was just arrested pursuant to a sealed indictment. Typically an investigation like this takes many months. SBF made the DOJ's case easy by incriminating himself on a daily basis on Twitter and elsewhere. https://twitter.com/...
@chainlinkgod @chainlinkgod on x
.@SBF_FTX was just arrested by Bahamian Authorities after the United States filled criminal charges If the US requests extradition, then the Bahamian government will comply per treaty obligations Good fucking riddance https://twitter.com/... https://twitter.com/...
@beyondreasdoubt @beyondreasdoubt on x
One procedural note - he is not being arrested by criminal complaint. The SDNY presented the case to a grand jury and he has been indicted. https://twitter.com/...
@ivanthek @ivanthek on x
HOW IS SAM BANKMAN-FRIED SUPPOSED TO MAKE FTX CUSTOMERS WHOLE IF HE'S IN JAIL???
@hosseeb @hosseeb on x
FTT is down 2% on the news of Sam's arrest. Still almost $500M FDV. Nothing means anything 🫶 https://twitter.com/...
@schuldensuehner Holger Zschaepitz on x
FTX founder Sam Bankman-Fried arrested in the Bahamas after US files criminal charges. Legal experts told CNBC that if the federal govt pursues wire or bank fraud charges that @SBF_FTX could face life in prison without possibility of supervised release. https://www.cnbc.com/... h…
@balajis Balaji on x
The great and the good protected SBF. Journos flacked relentlessly. It's quite possible that without Elon's uncensored Twitter, that SBF may never have been taken in at all. Contrast to genuine freedom fighters like Pertsev, jailed within days without charges for writing code. ht…
@tomaskenn Thomas Kennedy on x
Wonder if Miami Mayor Francis Suarez has anything to say about this considering he had nothing but nice things to say about this grifter criminal when they appeared on a podcast together. https://twitter.com/...
@basedkarbon @basedkarbon on x
SBF spent his final hours as a free man doing twitter spaces with people who have made hating crypto their entire personality.
@el33th4xor Emin Gün Sirer🔺 on x
Good. Let's go back to building things.
@matthewstoller Matt Stoller on x
Sam Bankman-Fried is going to spend a long time in jail. https://www.cnbc.com/...
@tier10k @tier10k on x
[DB] SBF Charged With Wire Fraud, Wire Fraud Conspiracy, Securities Fraud, Securities Fraud Conspiracy and Money Laundering: NYT
@yaffebellany David Yaffe-Bellany on x
Here's what we know about SBF's arrest: -taken into custody at the Albany resort, where he lives -U.S. has charged him with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering -being held overnight in Bahamian police cell
@johnedeaton1 John E Deaton on x
@CGasparino ... Charlie, the money laundering charges are 💯 due to her cooperation. For wire fraud, fraud, etc they didn't need her help so so much, but the money laundering I guarantee is from her cooperation and testimony.
@coinbureau @coinbureau on x
No legal expert, but based on previous cases, the number of victims, amount of money & list of charges - he could be looking at decades 🤯 https://twitter.com/...
@unusual_whales @unusual_whales on x
Today, SBF answered our questions on possible wire fraud. Q: Money was never properly moved to FTX customer accounts? SBF: The ledger entries happened properly... I don't know the assets were moved over. Q: So... the answer is probably no? SBF: That very well might be right. http…
@smtuffy Sean Tuffy on x
That's a lot of time in prison https://www.nytimes.com/... https://twitter.com/...
@kenvogel Kenneth P. Vogel on x
The charges against @SBF_FTX, per @nytimes: ▶️wire fraud ▶️wire fraud conspiracy ▶️securities fraud ▶️securities fraud conspiracy ▶️money laundering https://www.nytimes.com/...
@dylanleclair_ Dylan LeClair on x
@SBF_FTX From responding to my questions about FTX banking relationships over spaces to getting arrested for wire fraud, wire fraud conspiracy, and money laundering 10 hours later. lol https://twitter.com/...
@adamscochran Adam Cochran on x
When the SBF case gets laid out by SDNY we'll get definitive knowledge of who was the smartest person at Alameda, as we'll see who it was that flipped. 🤣
@cgasparino Charles Gasparino on x
SCOOP: Speculation in legal circles is Caroline Ellison's hiring of politically-connected @WilmerHale - which has deep ties to Manhattan US Attys office and known for plea deals- indicates she will likely cooperate w prosecutors, & turn on @SBF_FTX. 130pm @FoxBusiness @TeamCavuto

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The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019

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