FTX

“And I spoke to CZ about why he was considering buying the asset. I thought it was a bad idea.”

“There were an enormous number of venture firms that Hawk their way into just completely doing zero work here.”

“At that time, FTX did about one billion in revenue.”

“And that lack of regulatory clarity, I believe has pushed a lot of this business offshore to these less regulated exchanges. That's part of what caused the blow up today.”

“We're a public company. We're regulated. Our financial statements are audited. They can show that, you know, customer funds are segregated. They're backed one to one. We're not investing customer assets without their explicit direction.”

“This was a two hundred and fifteen million dollar decision, and Sequoia documented it and put it on their own website.”

“They're going to drop the hammer because their constituents, some grandma and grandpa, or some people put their college education to this and lost everything.”

“And I again, just for the sake of clarity, I should say that Coinbase did not have any material exposure to Alameda FTX or FTT token.”

“I mean, that that's the moment in my mind where he crossed the line into probably committing fraud. And I think he probably lied to users lied to investors.”

“So if the SEC is really, and the DOJ is really going to take this FTT token issue seriously, and what happened to FTX? They're going to start to look at a bunch of other tokens and token sales, and you're going to end up looking at some very well-known venture…”

“We were part of the process where they tried to show again, I have to be careful. My lawyers reminded me that we're still under NDA actually with FDX. So, but what I can tell you is we did not get any financials. So we were verbally described what was going on…”

“The first investigation by the House of Representatives needs to be SBF and FTX, not Hunter Biden. SBF makes Hunter Biden look like a piker. I mean, you know, Hunter Biden was what? A couple million dollars of grift. This is ten billion dollars plus a grift.”

“This list is a who's who of people who did no diligence whatsoever.”

“He loaned himself, like, this is just one data point. He loaned himself a billion dollars, and he loaned the head of engineering, five hundred million dollars off the balance sheet.”

“You cannot put a company like this, you know, in business with billions of dollars and have no board of directors.”

“SPF was trying to get Binance and competitors like that banned while SPF would be one of the sole people to get the license.”

“I would say that before the fraud got exposed, one third each before the fraud got exposed, but they were all jointly and severally liable.”

“This was a failure of the investors and the governance for 99% of the problem, and then regulators should have caught it”

“It was also the fact that, and this is from the bankruptcy filing by the new, the Enron trustee guy. He specifically said that Alameda, unlike every other margin account on the platform had the auto liquidation provisions turned off.”

“And then Semaphore, who was on the take, who received millions of dollars in his money, said it was a run on the bank.”

“Here where there was billions of dollars being made by tens of people, not a single person who felt on the outs said anything.”

“For some reason FTX has left up all of their videos on YouTube from three years ago called quantitative trading seven and a half thousand cell wall of Bitcoin on Binance. It's a 17 and a half minute YouTube video of SBF trading arbitrage across markets.”

“He admitted to it in an interview this week, he said that it was all legal prescription drugs, but they were taking them, yes.”

“Kevin O'Leary who calls himself Mr. Wonderful was on CNBC trying to defend the fact that he was given This is stunning, by the way, 15 fucking million dollars to be a spokesperson for FTX.”

“This is an FTX level fraud, except that what was stolen here was not customer funds, it was their free speech rights.”

“I go with Kevin O'Leary, who's secured a fifteen million dollar bag from FTX and then decided to try to defend it, ah, 18 ways to Sunday, burning whatever reputation he had.”

“And I think there'll be a subsequent domino to fall, which is Now that Gary G, head of the SEC, has FTX and the FTT tokens as the grift, he's gonna go down the list of other tokens and he is going to start doing more prosecutions of grifts in crypto.”

“They flipped, but it turns out that they actually did engineer a backdoor into FTX and Alameda has been doing this for years.”

“Most lowest some company is ftx”

“I think it's going to be a hundred multiple hundreds of years sentence i agree and you'll be gone for life”

“FTX is also selling the majority of its stake in Anthropic. For eight hundred eighty four million to Mubadala, the sovereign, one of the sovereign wealth funds from the UAE, and other investors”

“In early February, the trustee said they now expect a hundred percent Payment back to the depositors and all the accounts and all the excess will go to the shareholders and FTX, all the preferred holders that invested in the stock.”

“FTX customers lost eight billion, investors lost 1.7 billion, and lenders lost 1.3 billion.”

“If you had left your Solana at FTX, you're gonna get 16 dollars per token back, and that apparently was the price at the time that they went under.”

“If he had followed the same rules for crypto that Japan did, FTX would still be in business. Sam Bankman-Free might still be in jail, But FTX, three euros capital, they, they'd still be in business, because he did the wrong thing.”

“The deal was finalized and the transfer was done in July, 20, 21. And this is like a full year and a half before they had issues.”

“There was one part of FTX that didn't implode with the rest of it. And that was their investment in a swaps trading platform called ledger X was, which was supervised by the CFTC and examined and they had they had their accounts segregated and all that. So no …”