2024-03-29
Agree. Equal justice under law means that a vast white-collar crime spree by a rich, privilege, & well-connected elite like @SBF_FTX should be as severely punished as a street criminal without all those advantages & dollars. 25 yrs does that, but @TheJusticeDept now has to go...
Reuters
A US judge sentences Sam Bankman-Fried to 25 years in prison for stealing from users of his now-bankrupt FTX crypto exchange and orders him to forfeit $11B+
Past 6 pm on December 29 … Matthew Russell Lee / Matthew Russell Lee's Newsletter : Aftermath: SBF Sentenced to 25 Years in Prison After Coin Flip and Presidential Aspirations Cite...
2024-01-10
If any1 still thinks that #Bitcoin #crypto markets were not full of speculators, predators, fraudsters & criminals, today's market manipulation w/ the fake @SECGov “approval” tweet should convince them; don't know facts yet, but $22 billion mkt move = lots of ill gotten gains
CoinDesk
An X post from US SEC Chair Gary Gensler says that the @SECGov's “twitter account was compromised”, and that the agency has not approved spot bitcoin ETFs
The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.
2023-03-11
Of course @jpmorgan would be buying; this crisis is non-TBTF banks whipsawed by @federalreserve's policy pivot; see my PR here: “Growing Banking Crisis Caused by Contagion from Silicon Valley Bank Failure Going to Get Worse, Inevitable Due to Fed”: https://bettermarkets.org/... https://twitter.com/...
Bloomberg
VC firm Greenoaks warned its founders of potential problems at Silicon Valley Bank in a November 2022 email; a source says 12+ portfolio startups withdrew ~$1B
Of course @jpmorgan would be buying; this crisis is non-TBTF banks whipsawed by @federalreserve's policy pivot; see my PR here: “Growing Banking Crisis Caused by Contagion from Silicon Valley Bank Failure Going to Get Worse, Inevitable Due to Fed”: https://bettermarkets.org/... https://twitter.com/...
TechCrunch
How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries
Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter …
2022-12-27
Exactly: crypto is a lawless industry by choice; unlike every other legit biz, it has chosen to break the law & try to buy legislation to get light/no touch regulation w/ @cftc @CFTCbehnam helping it; details here: https://bettermarkets.org/... @SECGov @SEC_Enforcement https://twitter.com/...
Los Angeles Times
FOIA emails detail Sam Bankman-Fried's courtship of US federal regulators, including hiring former regulators and dining with ex-CFTC Commissioner Dan Berkovitz
Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader …
120+ @SECGov @SEC_Enforcement crypto related cases while crypto-captured @CFTC brags about 18 “digital assets” related cases. @CFTCbehnam should have spent more time on enforcement & less time cozying up to @FTX_Official & @SBF_FTX, including TEN+ meetings in just 1 year! https://twitter.com/...
Los Angeles Times
FOIA emails detail Sam Bankman-Fried's courtship of US federal regulators, including hiring former regulators and dining with ex-CFTC Commissioner Dan Berkovitz
Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader …
2022-12-26
120+ @SECGov @SEC_Enforcement crypto related cases while crypto-captured @CFTC brags about 18 “digital assets” related cases. @CFTCbehnam should have spent more time on enforcement & less time cozying up to @FTX_Official & @SBF_FTX, including TEN+ meetings in just 1 year! https://twitter.com/...
Los Angeles Times
FOIA emails detail Sam Bankman-Fried's courtship of US federal regulators, including hiring former regulators and dining with ex-CFTC Commissioner Dan Berkovitz
Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader …
Exactly: crypto is a lawless industry by choice; unlike every other legit biz, it has chosen to break the law & try to buy legislation to get light/no touch regulation w/ @cftc @CFTCbehnam helping it; details here: https://bettermarkets.org/... @SECGov @SEC_Enforcement https://twitter.com/...
Los Angeles Times
FOIA emails detail Sam Bankman-Fried's courtship of US federal regulators, including hiring former regulators and dining with ex-CFTC Commissioner Dan Berkovitz
Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader …
2022-12-03
This is HUGE: @FT reports that @SBF_FTX @FTX_Official's “hedge fund took big hit to prop up #FTX exchange” IN 2021 b/c bad risk/margin/volatility management; this is exactly what concerned us in the @CFTC application: https://www.ft.com/... @joshckoliver @kadhim
Bloomberg
Sources: FTX's derivatives exchange LedgerX is for sale, attracting interest from Blockchain.com, Gemini, and others; Nov. 17 filing: LedgerX had ~$303M in cash
LedgerX, one of the few solvent pieces of Sam Bankman-Fried's crumbled FTX empire, is for sale and attracting interest …
This is HUGE: @FT reports that @SBF_FTX @FTX_Official's “hedge fund took big hit to prop up #FTX exchange” IN 2021 b/c bad risk/margin/volatility management; this is exactly what concerned us in the @CFTC application: https://www.ft.com/... @joshckoliver @kadhim
Financial Times
Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader's MobileCoin trade went bad, wiping out Alameda's 2021 profits
Financial Times :
2022-11-20
BTW, while @CFTC says this shows they did a good job & nothing else they could do, @FTX_Official @SBF_FTX's finances/financial resources were critical to its application to dangerously change clearing house rules & #CFTC should have been investigating/demanding information 1/3 https://twitter.com/...
Wall Street Journal
A look at the dispute between FTX's new management and Bahamian regulators over who should control the company's assets, and how the fight may affect customers
Liquidators in the Bahamas are embroiled in a dispute with FTX over who has control over crypto assets held in the country
BTW, while @CFTC says this shows they did a good job & nothing else they could do, @FTX_Official @SBF_FTX's finances/financial resources were critical to its application to dangerously change clearing house rules & #CFTC should have been investigating/demanding information 1/3 https://twitter.com/...
Financial Times
FTX CEO John Ray III plans to attempt to sell or reorganize its businesses after a review found many of its subsidiaries have “solvent balance sheets”
Many of collapsed crypto group's subsidiaries have ‘solvent balance sheets’, John Ray III says