In less than a week, Sam Bankman-Fried's $16 billion fortune evaporated

[DBCooper]

Monday he was a billionaire 16 times over. By Friday it became 0.

Diversify folks. It doesn't matter what sort of sure thing you think you have, diversify.

[Miteysquirrel]

Bankman-Fried's net worth peaked at $26 billion.[9] In October 2022, he had an estimated net worth of $10.5 billion.[10] However, on 8 November 2022 amid FTX's solvency crisis, his net worth was estimated to have dropped 94% in a day to $991.5 million, according to the Bloomberg Billionaires Index, the largest one-day drop in the index's history.[11][8] By 11 November 2022, the Bloomberg Billionaires Index considered Bankman-Fried to have no material wealth.[12] Before Bankman-Fried's wealth eroded in November 2022, Bankman-Fried was a major donor to the Democratic Party and many left-wing political causes.

Hes 30, he'll be fine...get a job and do something worthwhile kid.

[and4rik]

License plates would be a good start.

[redraspberry]

A true scandal is opening for the Biden administration.
-------

April 25, 2019: Biden announces his presidential campaign.

13 days later, Sam Bankman-Fried, son of Barbara Fried ( Stanford Professor and co-founder of political fundraising organization "Mind-the-Gap), launches #FTX crypto exchange.

The exchange is magically an overnight success. SBF becomes biggest donor to Biden.

Election day, FTX implodes completely.

If you think this scandal is done, it goes even deeper.

-----
Gabe Bankman-Fried, brother to Sam (also a former Jane Street trader), is founder of “Guarding Against Pandemics”

He was a Legislative Correspondent for the US House of Representatives and an advisor to large political donors in the Democrat party.

The family Aunt Linda Fried is a WEF member on the Global Agenda Council on Aging.

The father, Joseph Bankman is a Stanford professor who has lobbied on behalf of Hedge Fund managers before Congress before (film records exist).


FTX' Head of Ventures & Commercial at FTX Ventures Amy Wu, started with the Clinton Foundation years ago.

Nishad Singh FTX Director of Engineering has spent over 8 million for Dem candidates.

And finally Obama's Commodity Futures Trading Commissioner, Mark Wetjen was literally the head of FTX Policy & Regulation.


Reports were the organization wanted to spend over a billion dollars on the Democratic party for 2024.
-----
A massive, massive money laundering operation has just been broken open.

https://t.me/TheOfficialE/2458




And so the Laundering attempt is complete.

Having crashed the charade, the thieves then drain their own repository of over half a billion dollars in funds, claiming a hack, only hours after filing for bankruptcy.
-

How terribly, terribly convenient.

https://t.me/TheOfficialE/2461

[redraspberry]

https://cryptoslate.com/was-ftx-hack...ting-software/

Was FTX hacked? Deep dive reveals “backdoor” built into accounting software

In the latter hours of Friday evening, FTX founder Sam Bankman-Fried secretly moved $10 billion in funds to Alameda trading firm via software "backdoor."




https://twitter.com/Hedgeye/status/1591240664779743232

Hedgeye

@Hedgeye

🚨

-ONE MONTH BEFORE THE **** HIT THE FAN (10/11/22) @AlderLaneEggs

warns about $FTX & @SBF_FTX

etc to @KeithMcCullough

"Nothing here fits. Everything reads like it's a complete scam. This thing is dirty and rotten to the core."

Watch full conversation:

2:25 PM · Nov 11, 2022




https://media.128ducks.com/file_stor...4599693455.png

[redraspberry]

If you have funds with any of these outfits I suggest getting out ASAP, if you can. Withdraw. Get out. Now. They're all completely broke.

[redraspberry]

Scaramucci speculated that Bankman-Fried could have made mistakes in the throes of the crypto bear market, specifically when Three Arrows, a massive cryptocurrency hedge fund, liquidated in June 2022.

“When Three Arrows went down, it could be possible, Andrew, that Sam had difficulty then, and then he made some decisions that turned out to be disastrous for him and both sides of this business,” he said Friday, speaking to CNBC’s Andrew Ross Sorkin.

Scaramucci told “Squawk Box” that he went to the Bahamas to help Bankman-Fried as an investor and friend. When he got there, he says, it appeared beyond the point of a simple liquidity rescue.

https://www.cnbc.com/2022/06/29/cryp...quidation.html

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

[redraspberry]

It's a lot more than just a swindle.

Did Epstein's Island truly shut down, or did it just move?


https://threadreaderapp.com/thread/1...766445568.html

[ynot2k]

It's a lot more than just a swindle.

Did Epstein's Island truly shut down, or did it just move?


https://threadreaderapp.com/thread/1...766445568.html

So the 'boy lover' and 'child lover' symbols are back? I had thought they had really been dropped from the pizzagate heat. If true, that is a huge outing.

[redraspberry]

So the 'boy lover' and 'child lover' symbols are back? I had thought they had really been dropped from the pizzagate heat. If true, that is a huge outing.

Probably many more around the world, big and small. It's probably the oldest blackmail game.

Declass comes in many ways.