Discussion

• @nitashatiku@mastodon.social Nitasha Tiku on mastodon

  Caroline Ellison, CEO of Alameda Research just pleaded guilty 7 counts for defrauding FTX customers.  I was just looking up who her lawyer was and realized I missed this. …

• @sdnynews @sdnynews on x

  Statement of U.S. Attorney Damian Williams on U.S. v. Samuel Bankman-Fried, Caroline Ellison, and Gary Wang https://twitter.com/...

• @ezranbc Ezra Kaplan on x

  Sam Bankman Fried, headed to the United States to face federal charges relating to the collapse of FTX. This is his government ride to court: https://twitter.com/...

• @doombergt @doombergt on x

  Ellison and Wang flipped on SBF. Who does SBF flip on? 🤔

• @carnage4life @carnage4life on x

  While SBF was giving interviews and doing a PR tour blaming Caroline, Caroline was working with the Feds to get a plea bargain agreement which would get her a light sentence and him lots of jail time. Real G's move in silence like lasagna.

• @compound248 @compound248 on x

  Whoa! Both Caroline Ellison and Gary Wang flipped and have ratted on @SBF_FTX. Caroline and Gary have been charged and pled guilty. Both are now COOPERATING witnesses with the SDNY (DoJ). 👀 Expect more news to come, per SDNY. https://twitter.com/...

• @seyitaylor @seyitaylor on x

  the thing that breaks my brain about this FTX situation is that exchanges are perfectly good businesses

• @altcoinpsycho @altcoinpsycho on x

  I assume now that the whole operation is labeled as one big fraud, FTX US and FTX Int'l will share the creditor pot in a consolidated bankruptcy claim Would love to have any lawyers or bankruptcy experts chime in https://twitter.com/...

• @paleofuture Matt Novak on x

  Glad I downloaded FTX's entire YouTube channel now that it's wiped. I wonder who did it. I doubt the people who are now running the company in bankruptcy would do this. https://twitter.com/...

• @otteroooo @otteroooo on x

  pvp mode continues ftx executives rush to spill beans on each other to save their skin no honor among thieves 🦦 https://twitter.com/...

• @kimdotcom Kim Dotcom on x

  Caroline made a deal with the Department of Justice and is free on bail in New York. It was obvious this would happen because SBF blamed her for everything that went wrong at FTX / Alameda in numerous interviews and live chats. Look at the first question I asked him on Spaces. ht…

• @barbmcquade Barb McQuade on x

  Guilty pleas with cooperation by two FTX executives are a big development in Bankman-Fried case. That's how convictions are built. https://www.washingtonpost.com/ ...

• @smtuffy Sean Tuffy on x

  Waiting until SBF to be wheels up before announcing he's 💯 fucked is just 🤌🏼 https://twitter.com/...

• @lilmoonlambo @lilmoonlambo on x

  The Simpsons predicted SBF getting arrested https://twitter.com/...

• @sruhle Stephanie Ruhle on x

  Note - they waited until SBF was on plane to release the sec charges and cooperation agreement with Ellison and wang.... https://twitter.com/...

• @tiffanyfong_ Tiffany Fong on x

  🚨 PLEA AGREEMENT: If Caroline Ellison provides $250,000 bail, forfeits assets, surrenders her passport & cooperates with the SDNY's investigation, she will be waived of all criminal charges related to wire & commodity fraud charges other than criminal tax violation.

• @lilmoonlambo @lilmoonlambo on x

  BREAKING: Caroline snitched on SBF https://twitter.com/...

• @bigblackjacobin Edward Ongweso Jr on x

  SBF's lawyers are gonna earn their keep from here on out https://www.nytimes.com/...

• @adamscochran Adam Cochran on x

  Two execs pleading guilty makes it 100% this was knowing fraud. And it's from both the FTX side/Tech side (Gary) and the finance/Alameda side (Caroline) So the other execs are fucked and we're going to get the full story in testimony now! There will be no wiggle room for SBF!

• @exitscammed @exitscammed on x

  Wow- •Sam is in FBI custody, extradited to the US. •Caroline Ellison: charged and plead guilty (fraud related), she is cooperating (snitching) against Sam. •Gary Wang: also charged and plead guilty (fraud related), he is also cooperating (snitching) against Sam. https://twitter.c…

• @farokh @farokh on x

  Wel well well... “Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, are cooperating in the federal criminal case against Mr. Bankman-Fried.” https://www.nytimes.com/...

• @marionawfal Mario Nawfal on x

  And this is SBF on his way to the US under FBI custody What a day! Should I do an urgent space? https://twitter.com/...

• @bookdepth @bookdepth on x

  “If you participated in misconduct at FTX, now is the time to get ahead of it. We are moving quickly and our patience is not eternal.” Hard to think that's not a pretty targeted message https://twitter.com/...

• @leahmcelrath Leah McElrath on x

  Still shaking my head about how @SBF_FTX kept tweeting and DMing and otherwise talking as this played out... https://twitter.com/...

• @unusual_whales @unusual_whales on x

  Holy. In the SEC filing against Gary Wang and Caroline Ellison, the SEC says: “Wang created and participated in the creation of the software code that allowed Alameda to divert FTX customer funds.”

• @jchervinsky Jake Chervinsky on x

  It's amazing how fast this has all unfolded. It's very rare to see criminal prosecutions move so quickly. Credit to U.S. Attorney Damian Williams, his office, DOJ, FBI, and many others in US law enforcement for their quick, effective, and ongoing work: https://twitter.com/...

• @razzball @razzball on x

  Ugh I need a prestige drama about this so bad https://twitter.com/...

• @mgsiegler M.G. Siegler on x

  https://twitter.com/... https://twitter.com/...

• @hsakatrades @hsakatrades on x

  >Commit one of the greatest cases of financial fraud ever >250k bail, surrender all travel documents in exchange for all charges waived (contingent on cooperation with authorities) This might be Carolines best and only profitable trade. https://www.coindesk.com/...

• @ezranbc Ezra Kaplan on x

  The timing of the SDNY announcement of cooperating witnesses, coming once SBF was in FBI custody, makes me think that SBF didn't know the full extent of the case against him. Prosecutors probably didn't want to scare him away from extradition. Looks like it worked.

• @satoshiflipper Satoshi Flipper on x

  2 things came to mind: 1) USA is going after SBF for trying to basically bribe politicians and 2) he didn't thank CT for helping to bring FTX down to its knees https://twitter.com/...

• @attorneyjeremy1 Jeremy Hogan on x

  Allow me translate: Caroline and Gary have taken a deal and are ratting out SBF so hard that he caught the plague, from a thousand miles away. https://twitter.com/...

• @intocryptoast @intocryptoast on x

  What do we make of the deal done with Caroline to only prosecute for tax violations in her compliance? Seems she'll have useful info to offer for Sam's prosecution.. and likely crypto itself since this whole thing will no doubt be used to choke crypto. h/t @nomad_defi https://twi…

• @degeneratenews @degeneratenews on x

  BREAKING: @AlamedaResearch'S @carolinecapital AND FTX'S GARY WANG PLEAD GUILTY TO FRAUD - ARE COOPERATING IN FEDERAL CRIMINAL CASE AGAINST @SBF_FTX https://twitter.com/...

• @realchetblong Chet Long on x

  🚨 Seems the other two have likely struck a deal, and snitched on SBF... things will get very interesting now. https://twitter.com/...

• @mikeisaac Rat King on x

  a polycule, divided 😞 https://www.nytimes.com/...

• @nycsouthpaw @nycsouthpaw on x

  Confirms an ABC news report from about 12m ago. Ellison is the head of Alameda and personally involved with SBF, and Wang was an FTX cofounder.

• @bebopxz @bebopxz on x

  If you're going to crime, do it alone because most people will flip on you once prison becomes a real possibility. Also surprised how fast the feds have moved on this. https://twitter.com/...

• @renato_mariotti Renato Mariotti on x

  This explains why the Feds were comfortable indicting Sam Bankman-Fried so quickly. Despite getting cooperation credit, neither defendant received a sweetheart deal. They pleaded guilty to multiple felonies and will spend years in prison. https://abcnews.go.com/...

• @tomfitton Tom Fitton on x

  Interesting thread on @SBF_FTX. Further confirms that stolen money used to fund Dem candidates. https://twitter.com/...

• @lilmoonlambo @lilmoonlambo on x

  SBF stole Bruce Lee's look https://twitter.com/...

• @autismcapital @autismcapital on x

  BREAKING: Caroline Ellison plead guilty to seven charges and faces a maximum sentence of 110 years. Gary Wang plead guilty to four charges and faces up to 50 years. https://abcnews.go.com/... https://twitter.com/...

• @thecryptolark Lark Davis on x

  Looks like Alameda CEO Caroline Ellison and FTX exec Gary Wang have both struck some kind of plea deal. SBF going down hard.

• @ezranbc Ezra Kaplan on x

  Waiting until SBF was in FBI custody and on the plane to the US to announce that Caroline and Gary are cooperating against him is some strong gamesmanship from the prosecutor's office.

• @wublockchain Wu Blockchain on x

  Sam Bankman-Fried is aboard a plane flying from the Bahamas to the US where he faces fraud charges. He is expected to be taken into court as early as Thursday. Caroline Ellison and Gary Wang have pleaded guilty and are cooperating in the criminal case against the SBF.

• @nycsouthpaw @nycsouthpaw on x

  Ellison and Wang have already pleaded guilty and are cooperating with SDNY, Williams says. https://twitter.com/...

• @adamscochran Adam Cochran on x

  Sam getting fucked by the polycule one last time...

• @drdenagrayson @drdenagrayson on x

  🚨BREAKING: 2 former top executives of Sam Bankman-Fried's crypto trading empire—Caroline Ellison (CEO of #SBF's Alameda Research) & Gary Wang (founder of #FTX)—have pleaded GUILTY to federal charges and are cooperating in the criminal case against #SBF. https://www.nytimes.com/..…

• @videodrew Drew Grant on x

  jesus christ. I mean Caroline Ellison was a weird grifter who shared way too many pet theories with Adolf Hitler and referred to the polycule as a Chinese harem, but like...does she deserve more jail time as HARVEY WEINSTEIN? https://twitter.com/...

• @zenpundit Mark Safranski on x

  Usually the first seats in the cooperating witness train are the only good seats available https://twitter.com/...

• @imnotthewolf Wolf on x

  FBI has SBF now, and it seems like they have had Caroline (Alameda CEO) for a while now. Caroline is likely cooperating with FBI as a witness against Sam Bankmanfried. I wonder if SBF will have any information the FBI may way & can use towards other cryptocurrency players. https:…

• @lopatto@mastodon.xyz @lopatto@mastodon.xyz on mastodon

  “Ellison also acknowledged that her November 6 tweet to the Binance CEO offering to buy his FTT holdings at $22 per token was ‘kind of a misleading thing to tweet’ and expressed remorse,” according to the CFTC complaint. …

• @secgov @secgov on x

  The SEC today charged Caroline Ellison and Gary Wang for their roles in a multiyear scheme to defraud equity investors in the crypto trading platform FTX. Ellison and Wang are cooperating with the ongoing investigation.

• @compound248 @compound248 on x

  We just discovered Caroline Ellison and Gary Wang turned on @SBF_FTX, rattling him out to the Feds. The SEC's civil (non-criminal) complaint is built on their participation and gives us our first “insider's account” of the FTX disaster. I've given you 12 key takeaways below:👇🧵 ht…

• @seyitaylor @seyitaylor on x

  create low-liquidity shitcoin → pump shitcoin → use said shitcoin as collateral for real money → repeat https://twitter.com/...

• @ap_archpublic Andrew on x

  UPDATE: Plea deals with Ellison/Wang and DOJ/SDNY will include reduced jail time (but still include jail time) **source - “conversations in the 36 - 72 month range based on information and links to other parties/institutions...”

• @hsakatrades @hsakatrades on x

  “These advantages for Alameda were programmed into the code for FTX by Wang and others at the direction of Bankman-Fried” 1. No liquidation 2. Unlimited credit line (from customers) 3. Priority order execution via API 4. No balance checks when executing orders They still lost.

• @s_alderoty Stuart Alderoty on x

  When Chair Gensler says that “investors were left holding the bag” he may want you to believe that he's talking about FTX's customers who lost billions. He's not. He's referring only to FTX's sophisticated equity investors. The SEC has lost the plot line. https://twitter.com/...

• @fintechfrank Frank Chaparro on x

  1) “As part of their deception, we allege that Caroline Ellison and Sam Bankman-Fried schemed to manipulate the price of FTT, an exchange crypto security token that was integral to FTX, to prop up the value of their house of cards” ~ SEC Chair Gary Gensler.

• @compound248 @compound248 on x

  10. Magic Money in a Box was a “Security”😬 SamCoins, ShitCoins, Web3 “tokens,” magic beans. Call em what you want, but they're entirely fabricated from dreams. And Sam lied about them. A lot. And they “manipulated” the price of $FTT. And the SEC declares it a security.👀 https://t…

• @garygensler Gary Gensler on x

  Until crypto platforms comply with time-tested securities laws, risks to investors will persist. It remains a priority of the SEC to use all of our available tools to bring the industry into compliance. https://twitter.com/...

• @compound248 @compound248 on x

  5. Sam and Gary Own 100% of Alameda Anytime someone says “Alameda,” just substitute “Sam.” Sam owns 90% of Alameda and Gary 10%. Alameda has no clients - all that money is Sam and Gary's, stolen fair and square. https://twitter.com/...

• @chrisjbakke Chris Bakke on x

  The real winners of the crypto industry are the FTX bankruptcy lawyers who are billing $2,165/hour. https://twitter.com/...

• @compound248 @compound248 on x

  8. Sam CREATED Alameda's Deal and Took Actions to Hurt FTX Over $8 BILLION of customer funds were wired by customers DIRECTLY TO ALAMEDA rather than FTX. Eight. Billion. This was a de facto loan. Sam ensured Alameda (Sam) did NOT have to pay FTX interest on that money. https://tw…

• @dylanleclair_ Dylan LeClair on x

  Wow. Alameda was long USDT/short USD on margin on the FTX platform (using FTX customer funds), presumably to collect funding that shorts positions paid to longs. FTX owned and promoted https://t.co/..., which until 11/9/22 had redirected to USDT perpetual swap futures. https://tw…

• @hsakatrades @hsakatrades on x

  Caroline Ellison and Gary Wang have pleaded guilty to federal charges and are cooperating in the criminal case against Sam Bankman-Fried https://www.nytimes.com/...

• @rohangrey Rohan Grey on x

  The fact he just kept wide-eye lying, in public, long after the game was up. It's just *chef's kiss*. Keep getting that image of a dentist drilling out the rot of a tooth in my head and thinking about how much of the Dem party leadership would be left if that happened here. https…

• @gold_mansack @gold_mansack on x

  so Sam let Alameda (himself) borrow from FTX users WITHOUT collateral or maturity and didn't charge any interest, with no liquidation allowed while possessing faster execution over other firms - then told Congress + Press/Public the opposite, then blew up and kept on doing it?

• @laviedandre @laviedandre on x

  Jesus WEPT‼️ FTX & Alameda was a casino, where the owners of said casino, took their customers money, and lost it all betting (with leverage) in that very same casino. They had every advantage imaginable and it still went tits up‼️ https://twitter.com/...

• @peckshieldalert @peckshieldalert on x

  Ellison stated “apparently part of what's going on is that alameda actually has a long USDT/short USD margin position on FTX US that we aren't tracking?” https://help.ftx.com/... https://twitter.com/... https://twitter.com/...

• @digitalassetbuy @digitalassetbuy on x

  Translation: Sweep out the startups and bring in Wall Street because “you can trust us” FTX: entire industry as it exists bad MFGlobal/Madoff/2009 Financial crisis: It's not Wall Street we just need more rules put in place by the same people that presided over it https://twitter.…

• @compound248 @compound248 on x

  2. 💥 Sam told me to do it Caroline says Sam directed her to take customer funds from FTX in exchange for the made-up $FTT shitcoin. (In green highlight) This directly contradicts Sam's repeated “I didn't know” statements. Caroline is wisely throwing Sam under the bus. https://twi…

• @tetranode @tetranode on x

  1. 200M for naming rights to a stadium 2. 40M+ to political bribes 3. 8+ figs of Bahamian real estate 4. 9+ figs of investments that went south Selling customer funds for effective altruism, assumed that profit will smooth over steady-state deposit-withdrawal https://twitter.com/…

• @banthebbc @banthebbc on x

  Ellison/Wang SEC filing - This makes for interesting read. In a nutshell, Sam Bankman-Fried and his polycule friends took customer and investor funds and gambled with it in Alameda, lavish real estate in the Bahamas and large donations to the US Democrats. https://www.sec.gov/...

• @smtuffy Sean Tuffy on x

  I don't want to minimize the likelihood of intentional fraud and theft. Stuff seems bad. But I also want so say the story of FTX also reads like what would happen if a you and a few friends set up a brokerage firm just after like a year or two of working in finance. https://twitt…

• @molly0xfff Molly White on x

  SEC complaint against Caroline Ellison and Gary Wang: 🧵 https://www.sec.gov/...

• @ericbalchunas Eric Balchunas on x

  SEC says SBF authorized a “backdoor” which allowed Ellison (who is pleading guilty) access to customer funds for Alameda trades. https://www.cnbc.com/... https://twitter.com/...

• @el33th4xor @el33th4xor on x

  FEXs prohibit all of these behaviors. DEXs are open to front-running and MEV. And CEXs are wide open to abuse. https://twitter.com/...

• @0xallen_ @0xallen_ on x

  The SEC is asserting that FTT was a security. This is the Trojan horse. Setting precedent for future charges against a lot of tokens. https://twitter.com/...

• @jim_edwards Jim Edwards on x

  🧵There is an interesting difference b/w the SEC complaint vs SBF and its complaint against Caroline Ellison and Zixiao “Gary” Wang: The Ellison/Wang complaint makes a more detailed case that telling lies while offering crypto is a “securities” fraud. https://www.sec.gov/...

• @compound248 @compound248 on x

  3. May 2022: Shit Hits the Fan Despite already having “borrowed” billions and billions of FTX customer assets, by May, when crypto went bump in the night, Alameda (Sam) couldn't fulfill its borrower obligations. Sam ordered Caroline to take even more FTX customer money. https://t…

• @monasalama_ Mona Salama on x

  The SEC has also filed civil fraud charges against Caroline Ellison & Gary Wang SEC said Ellison under SBF direction “furthered the scheme by manipulating” the price of FTX-issued crypto token FTT with Wang creating the software code that allowed diversion of FTX customer funds h…

• @tarunchitra Tarun Chitra on x

  Where's Nishad? /s

• @statelayer @statelayer on x

  “From the inception of FTX, Defendants and Bankman-Fried diverted FTX customer funds to Alameda” trabucco omegafucked https://twitter.com/...

• @comfortablysmug @comfortablysmug on x

  SBF finding out the most expensive thing in the world is simping https://twitter.com/...

• @jcoviedo6 JC Oviedo on x

  And then SBF just started outright stealing the money https://twitter.com/...

• @trungtphan Trung Phan on x

  Caroline Ellison and Gary Wang plead guilty to fraud re: to FTX and spilled the beans on SBF: • Sam been lying • Wang built a back door to FTX for Alameda to sweep funds • Caroline ran Alameda (Sam's personal fund and he directed her to take customer funds) https://twitter.com/..…

• @collins_belton Collins Belton on x

  To further emphasize, while the SEC is alleging fraud, they're also clear they think exchange tokens are securities and even include a 3 page Howey analysis on FTT. People should expect this rubric to apply in...other contexts... https://twitter.com/... https://twitter.com/...

• @carnage4life @carnage4life on x

  One of the SEC's charges against SBF & Caroline is they artificially pumped the price of FTT then used that artificially high token valuation to make business deals. This sounds like just another day ending in Y in crypto. If this sticks, a bunch of founders & VCs are screwed. ht…

• @unusual_whales @unusual_whales on x

  Here is Caroline Ellison of Alameda Research who has just plead guilt to the charges by the SEC, SDNY, and CFTC, and has said that at Alameda they did not “tend to have things like stop losses... I think those are not necessarily good risk management tools.” https://twitter.com/.…

• @bitfinexed @bitfinexed on x

  Guess who archived https://shorttether.com/ just before they disabled the redirect? I did. I did! https://twitter.com/... https://twitter.com/...

• @icebergy_ @icebergy_ on x

  They're just like us https://twitter.com/...

• @molly0xfff Molly White on x

  Complaint cites SBF's statements to media post-collapse: “[SBF] acknowledged in a network television interview...: 'I wasn't even trying, like, I wasn't spending any time or effort trying to manage risk on FTX.'” can't believe those interviews would come back to bite him

• @adamscochran Adam Cochran on x

  I look forward to seeing Gensler under oath, regarding the SECs failed investigation into FTX US, and the preferential treatment his office was exploring with FTX, while his law by enforcement approach created a chilling effect in the US and sent users to offshore exchanges... ht…

• @dogetoshi Steven on x

  When FTX started going down Alameda execs including Ellison + SBF messaged each other in surprise that bitcoin wasn't crashing that much. https://twitter.com/...

• @dogetoshi Steven on x

  SBF wanted to shut down Alameda but decided not to as it would result in “less liquidity on FTX” https://twitter.com/...

• @basche42 Ben Basche on x

  Some very strange language in the complaint. This all has very little to do with securities https://twitter.com/...

• @compound248 @compound248 on x

  9. Securities Fraud Among the many frauds Sam et al committed was the securities fraud. The SEC frowns on poorly written footnotes. Imagine how it treats you lying to would-be investors about your fraud to raise fresh equity. “Fraud squared,” or something. https://twitter.com/...

• @ericbalchunas Eric Balchunas on x

  SEC says “SBF gave Alameda carte Blanche to use customer funds” yet SBF is still looking for the person who did this *insert hot dog meme* https://twitter.com/...

• @ldrogen Leigh Drogen on x

  I'm still absolutely floored that Alameda wasn't smart enough to at least establish a massive short perp position on binance knowing how fucked FTX was and what it was about to do to the coins https://twitter.com/...

• @matthewleeicp Matthew Russell Lee on x

  CRYPTO COOPERATOR: Alameda's Caroline Ellison signed this plea agreement Dec 19, but it was only released on the night of Dec 21, with Sam Bankman-Fried on his way to the SDNY courthouse. Inner City Press is here with will be reporting https://www.documentcloud.org/ ...

• @gunjanjs Gunjan Banerji on x

  “On more than one occasion, Alameda and Ellison, at Bankman-Fried's direction, actively engaged in the trading of FTT with the goal of supporting the price of the token” SEC says Alameda and Ellison manipulated FTT prices https://www.sec.gov/...

• @zerohedge @zerohedge on x

  Confirmed: @carolinecapital rolled on SBK The SEC charged Caroline Ellison and Zixiao Gary Wang, for their roles in a multiyear scheme to defraud equity investors in FTX SEC said Ellison and Wang ARE COOPERATING with the ongoing investigation

• @fintechfrank Frank Chaparro on x

  3) “When FTT and the rest of the house of cards collapsed, Mr. Bankman-Fried, Ms. Ellison, and Mr. Wang left investors holding the bag. Until crypto platforms comply with time-tested securities laws, risks to investors will persist.”

• @ercwl Eric Wall on x

  we nailed this one harder than the alameda employees nailed eachother https://twitter.com/...

• @autismcapital @autismcapital on x

  Caroline Ellison and Zixiao (Gary) Wang have already settled with the CFTC and SEC and are co-operating. They are both barred from ALL FORMS of securities participation in ANY form and have undisclosed future fines and disgorgement.

• @mayazi Maya Parody on x

  So now the SEC is claiming FTT was a crypto security token? Right after they get Caroling & Gary Wang to plea guilty & admit to the backdoor https://www.sec.gov/...

• @johnreedstark John Reed Stark on x

  SEC crypto-sweep is imminent. Per SEC Chair Gensler “Until crypto platforms comply with time-tested securities laws, risks to investors will persist. It remains a priority of the SEC to use all of our available tools to bring the industry into compliance.” https://www.sec.gov/...

• @belisarius2020 Bill Morgan on x

  Time tested securities laws. It begs the question: are cryptos securities? The time tested laws are leading to cryptos being treated differently in the USA than everywhere else. The time tested laws are not suited to cryptos without some modification. Just have some honesty /1 ht…

• @mikealfred Mike Alfred on x

  SBF is on his own. He will be gunning for Binance and Tether to try to win a plea deal. https://twitter.com/...

• @johnedeaton1 John E Deaton on x

  Caroline and Wang will likely get 5-6 years in a plea deal. No way SBFraud does less than 10. I don't see SDNY agreeing to anything less than 15-20 in a deal. But we will see. Mom and Dad need to get ready as well. https://twitter.com/...

• @cryptowendyo @cryptowendyo on x

  As anticipated, Caroline Ellison and Gary Wang are cooperating with the SEC against SBF & FTX Sam Trabucco is not mentioned Even more interesting - Gary Gensler is not mentioned in the press release with other SEC members conducting the investigation... https://www.sec.gov/...

• @hsakatrades @hsakatrades on x

  No mention of Tabasco in the CFTC filing. Mentioned a few times in the SEC filing in regards to how he was Alamedas Co- CEO for a while, until Caroline took the reins. Also stress how at the end of the day the goblin was the decision maker at Alameda too. https://twitter.com/...

• @jwverret @jwverret on x

  One reason the government, DOJ and SEC, is charging Caroline and Gary is that they are actually less credible witnesses if they aren't charged with felonies. But they will get massive sentence reductions for their cooperation.

• @compound248 @compound248 on x

  1. It is what we thought: • SBF lied • Wang built a back door to FTX for Alameda to sweep funds • Caroline ran Alameda (Sam's personal fund) • Sam invested in real estate, politicians, and venture capital 😅 https://twitter.com/...

• @dylanleclair_ Dylan LeClair on x

  FTX offered a synthetic derivative called USDTBULL which gave you 3x long exposure to its USDT perpetual swaps. Due the hourly funding payments that shorts paid to longs applied with leverage, heres what the chart looked like. FTX was using customer funds to enter the trade. http…

• @cftc @cftc on x

  NEWS: Today the CFTC charged Caroline Ellison, Alameda CEO, and Gary Wang, Alameda and FTX co-founder, with fraud in an action against Sam Bankman-Fried and his companies. Read more: https://www.cftc.gov/...

• @byzgeneral @byzgeneral on x

  SBF sacrificed 10 billion dollars, his business, his career and his freedom all for this chick who ended up snitching on him. “Down bad” just got a new meaning. https://twitter.com/...

• @dogetoshi Steven on x

  CFTC reiterating that BTC ETH and USDT are commodities in FTX filing. https://twitter.com/...

• @juliomedina Julio Medina on x

  @SECGov Crazy thing is he really did tell everyone what he was doing https://twitter.com/...

• @ahcastor Amy Castor on x

  Wang was responsible for the coding that allowed Alameda to divert FTX customer funds. Ellison used the FTX customer funds on Alameda. And SBF used those funds to make undisclosed venture investments, real estate purchases, and large political donations. https://twitter.com/...

• @realchetblong Chet Long on x

  🚨 CFTC now files charges along with the SEC against Caroline Ellison and Gary Wang. It certainly seems the SEC, CFTC and US Attorney strategized the timing of this: wait until SBF agrees to extradite, then while he's on a plane announce charges and their guilty pleas. 💥 https://t…

• @hsakatrades @hsakatrades on x

  Caroline Ellison & Gary Wang getting charged by the SEC, CFTC, & SDNY simultaneously, pleading guilty to SDNY charges and cooperating to snitch on the goblin. Netflix already securing the rights to the courtroom drama series.

• @bitboy_crypto Ben Armstrong on x

  Brilliant review. I would add the caveat to say that ofc the SEC says FTT is a security. That doesn't make it one. This is another backdoor tactic to get what he wants. And Gary freaking loves a good backdoor. https://twitter.com/...

• @fintechfrank Frank Chaparro on x

  2) “We further allege that Ms. Ellison and Mr. Wang played an active role in a scheme to misuse FTX customer assets to prop up Alameda and to post collateral for margin trading.”

• @monasalama_ Mona Salama on x

  Both Ellison and Wang are also cooperating with SEC ongoing investigation including “other securities law violations and into other entities and persons relating to the alleged misconduct” https://www.sec.gov/...

• @sassal0x @sassal0x on x

  SBF, Caroline Ellison and Gary Wang down Sam Trabucco gotta be absolutely sweating bullets

• @johnedeaton1 John E Deaton on x

  @GaryGensler and his SEC wouldn't even offer a meeting (with a low level staff member) regarding 75K retail holders. Only the rich ones get protected by Goldman Gary. https://twitter.com/...

• @ahcastor Amy Castor on x

  The SEC has also filed civil charges against Alameda Caroline Ellison and Gary Wang. Press release: https://www.sec.gov/... Complaint: https://www.sec.gov/...

• @hodlmagoo Magoo PhD on x

  @SECGov Where is @AlamedaTrabucco ?

• @ahcastor Amy Castor on x

  Ellison engaged in automated purchases of FTT to increase the price of those tokens and inflate the value of Alameda's collateral, which allowed Alameda to borrow even more from external lenders. https://twitter.com/...

• @cftcpham Commissioner Pham on x

  Congrats to our Enforcement Division for successful fraud charges vs Caroline Ellison & Gary Wang, who also pled guilty to SDNY criminal commodities fraud. This is an important step for justice for victims & follows earlier charges against SBF, FTX & Alameda. https://twitter.com/…

• @bitfinexed @bitfinexed on x

  GET REKT. SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX They already pled guilty. REKT. https://www.sec.gov/... https://twitter.com/... https://twitter.com/...

• @JxckS@mastodon.social Jack Sweeney on mastodon

  SBF wheels up in FBI plane headed to NYC, now in U.S. custody https://globe.adsbexchange.com/ ...

• @mikeisaac Rat King on x

  Royal Bahamas police just sent to reporters these photos of SBF's extradition to the US https://twitter.com/...

• @coffeebreak_yt @coffeebreak_yt on x

  game over for the biggest fraudster of our generation. https://twitter.com/...

• @latraelrahming Latrae L. Rahming on x

  The Office of the Attorney General of The Bahamas announced the extradition to the United States of Sam Bankman-Fried ("SBF"), the former CEO of FTX. SBF will depart from The Bahamas for the United States tonight. https://twitter.com/... https://twitter.com/...

• @ezranbc Ezra Kaplan on x

  NEW photos of SBF boarding a flight from Nassau for extradition. Thanks to producer extraordinaire @NashvilleDebPJ Credit: Royal Bahamas Police Force https://twitter.com/...

• @bondhack Robert Smith on x

  https://twitter.com/...

• @jchervinsky Jake Chervinsky on x

  Two months ago, SBF was debating the future of crypto policy and nobody knew FTX was a sham. One month ago, SBF was apologizing for losing billions and everyone worried he might get away with fraud. Today, SBF is in FBI custody and his chief co-conspirators have pleaded guilty.

• @danprimack Dan Primack on x

  SBF has been arrested. Extradited. Today will appear in U.S. court for bail hearing. Charged by DOJ and SEC. There have been Congressional hearings. FTX co-founder and Alameda co-CEO have pled guilty to fed charges & are cooperating. Also both charged by SEC. https://twitter.com/…

• @barneytheboi @barneytheboi on x

  imagine being show this photo 2 months ago https://twitter.com/...

• @buccocapital @buccocapital on x

  SBF looking like an absolute snack 🥵 A few lessons here: 1) Amphetamines are bad for your health 2) Sleep is good for your health 3) Prison makes you sexy https://twitter.com/...

• @prhillmann Patrick Hillmann on x

  Few will understand, but @SBF_FTX was a villain of historic proportions. The damage his paid media and lobbying campaign has done to this industry has yet to be fully realized. However, tonight my thoughts are with the millions of users he wiped out financially @CoinDesk

• @iamdcinvestor @iamdcinvestor on x

  remember when SBF was still a golden boy and almost created legislation which would make DeFi illegal and instead tried to require all activity flow through fraudulent exchanges like FTX? yah, that actually almost happened

• @realchetblong Chet Long on x

  Appears this is the infamous flight, just appeared in the system with no data yet from the part of the airport SBF was transported to, and matches the image of the plane on the ground. https://twitter.com/...

• @dogetoshi Steven on x

  Doesn't even look like him anymore https://twitter.com/... https://twitter.com/...

• @markjeffrey Mark Jeffrey on x

  are we allowed to flight track his extradition on twitter? asking for a friend. ... in this case, a friend being everyone on Twitter. https://twitter.com/...

• @crypto @crypto on x

  FTX co-founder Sam Bankman-Fried arrives at a private Bahamas airport to be flown to the US to face a litany of criminal charges https://www.bloomberg.com/...

• @chainlinkgod @chainlinkgod on x

  SBF still remains a manipulative sociopath who is unable to plainly accept the reality of his fraud Seems the SDNY/SEC/CFTC has seen past his gaslighting bs thus far Let all of the books get thrown at him

• @investmentshulk @investmentshulk on x

  A WEEK IN PRISON WITH NO VEGAN FOOD. HE'S ALREADY LOST FIFTEEN POUNDS AND HIS TESTOSTERONE LEVELS HAVE DOUBLED. https://twitter.com/...

• @tomgara Tom Gara on x

  The perp walk is always embarrassing but forcing him to wear pants is an extra layer of humiliation, they're determined to break his spirit https://twitter.com/...

• @distractedanna Anna on x

  This is the most damning perp walk I've ever seen, he does have grown man clothes https://twitter.com/...

• @miyuki__eto @miyuki__eto on x

  sam does look like he was just on a ten billion dollar bender

• @tiffanyfong_ Tiffany Fong on x

  🚨 SBF is now in FBI Custody & is on his way back to the US. He will be transported directly to the Southern District of New York to appear in court as soon as possible.

• @nbougalis @nbougalis on x

  What, no shorts?!? He's a changed man, folks! https://twitter.com/...

• @edzitron Ed Zitron on x

  This Motherfucker is wearing a captain Jack sparrow costume as he gets extradited from the damn Caribbean. https://twitter.com/...

• @crabcrawler1 @crabcrawler1 on x

  Thought this said “execution” at first https://twitter.com/...

• @chainlinkgod @chainlinkgod on x

  Credit where credit is due, the hammer of justice is coming down hard and swift on the FTX criminal enterprise SBF in FBI custody on way to the US, Caroline Ellison and Gary Wang plead guilty to numerous counts of fraud No doubt just the beginning https://www.nytimes.com/...

• @219_eth @219_eth on x

  one tweet can change your whole life https://twitter.com/...

• @smokey_titan @smokey_titan on x

  We got him ladies and gentleman https://twitter.com/...

• @uhshanti @uhshanti on x

  AVAST YE HEARTIES. THE HORNSWAGGLER BE RELEASED FROM THE BRIG https://twitter.com/...

• @deltaxbt Delta on x

  SBF looks like a pure psychopath on this one https://twitter.com/...

• @mattzeitlin Matthew Zeitlin on x

  the funny thing about everyone who thought (or at least claimed to think) that the doj would go easy on ftx because of sbf's donations is that they weren't being cynical enough, there's no more money coming! the political incentives are to crack down *very* harshly

• @ted_pen @ted_pen on x

  why's he looking like he was captured when the french navy boarded his frigate in the dead of night https://twitter.com/...

• @tiffanyfong_ Tiffany Fong on x

  post-jail SBF https://twitter.com/...

• @loopifyyy @loopifyyy on x

  Sam Bankman-Fried 3 weeks ago in NYT interview VS Sam Bankman-Fried yesterday https://twitter.com/...

• @scottmelker @scottmelker on x

  SBF already looks like a hardened criminal. https://twitter.com/...

• @tiffanyfong_ Tiffany Fong on x

  SBF is flying back to the US tonight to face criminal charges. 👀 https://twitter.com/...

• @martadhanis Marta Dhanis on x

  BREAKING: Bahamas gov says SBF departing tonight. Statement https://twitter.com/...

• @rossreports Catherine M. Ross on x

  “Mr. Bankman-Fried could arrive in New York as soon as Wednesday afternoon to face charges of wire fraud, securities fraud, money laundering and a campaign finance violation” https://www.nytimes.com/...