Sam Bankman-Fried Wiped Out in Days (FTX)

[-JR]

Dude has our whole government paid off and also has the Bahamian government paid off. He actually had Congressmen try to stymie an SEC investigation into him earlier this year.

Disgusting. No rules for thee, as long as you gimme the money.

[elterrible987]

Yeah that came into my feed but I haven't watched it yet. I been watching the videos done by Coffeezilla on youtube. I'll check it out though. I think I sub to Cold Fusion. Thanks.

Yeah, a few pages back I went into how the VCs did zero due diligence. And then when it collapsed, they all came out and said they performed rigorous due diligence on FTX before they invested. But they seemed to have missed the lack of Board of Directors, CFO, audited financial statements, etc. Just Lmao.

theres a part in there when he took a phone call while playing league of legends to talk to some retard managing 300 million dollars and didnt even stop his game and the retards with the real money thought it was so cool and he was this genius zoomer and loved his style or some dumb chit and transferred the funds over. its 300 million, you could fly out a team of CPAs down to the bahamas to audit them first or some chit, shows what a joke the investment industry is.

[LinuxJon]

Has this been posted already? This guy called it 7 months ago

That interview with SBF is incredible.

It's pretty clear how crypto is being exposed. It's run by the same people who think they are brilliant day traders during a boom in the overall market.

Crypto markets haven't existed during a recession yet. A bunch of people are gonna get checked when "money goes in, it goes up, ha ha" stops working.

[gwg77]

Another one bites the dust. BlockFi bankruptcy. And earlier today they were trying to sue FTX for SBF's Robinhood Shares that he used as collateral - somewhere in the ballpark of $600m.

[gwg77]

[ghostfacedup]

damn, what ethnicity is this guy? anyone know?

[gwg77]

Newly Released Audio Interview with SBF on 11/16/2022







Read about it here:

https://www.coindesk.com/business/20...dio-interview/

[gwg77]

^^^Tweets summarizing the interview above:

[gwg77]

Continued:

[gwg77]

[BlckstOleander]

I'm still surprised this isn't a more mainstream story, considering all the celeb endorsements this sleazy couple and their scam had.

[128]

I'm still surprised this isn't a more mainstream story, considering all the celeb endorsements this sleazy couple and their scam had.

It's just the biggest fraud since Enron, not like he did anything newsworthy like say something offensive

[gwg77]

But what did he do with the $1 billion personal loan that he took out from FTX?

"Am I allowed to say a negative number?" he said, when asked about his personal finances. "I mean, I have no idea. I don't know. I had $100,000 in my bank account last I checked," he said.

"It's complicated. Basically everything I had was just tied up in the company," he added.

His personal wealth at one point reached $26.5 billion.

https://www.axios.com/2022/11/29/sam...ftc-regulation

[SYKO227]

damn, what ethnicity is this guy? anyone know?

****g0t ethnicity

[-JR]

But what did he do with the $1 billion personal loan that he took out from FTX?










https://www.axios.com/2022/11/29/sam...ftc-regulation

Lol at taking this guy at his word. He's playing dumb and people sri fall for it hook line and sinker.

[gwg77]

Lol at taking this guy at his word. He's playing dumb and people sri fall for it hook line and sinker.

TBH, I don't think anyone believes him. I'm interested in that $500m+ he invested in Silicon Valley VC firms like Sequoia and a couple others. Did that money come from his $1 billion personal loan from FTX or what?

(And yes, he took ~$215m from Sequoia and then supposedly invested $500m back into Sequoia and other firms in Silicon Valley.)


Edit: Looks like Alameda + his personal money via FTX Ventures made those Silicon Valley investments. FTX Ventures is one of the 134 subsidiaries that filed for bankruptcy.

FTX founder Sam Bankman-Fried was not only a tireless fundraiser from venture capital firms including Paradigm and Sequoia Capital, but also quietly made investments in those same funds, according to two people familiar with the matter. The unusual moves show how entangled Silicon Valley VC firms are in Bankman-Fried’s collapsing crypto empire, which has already forced these firms to mark down the value of their FTX stakes—previously worth hundreds of millions of dollars—to zero.

Bankman-Fried’s trading firm, Alameda Research, which had close ties with his crypto exchange FTX and which shut down this week, invested at least $20 million in Paradigm last year, according to two people with direct knowledge of the matter. Separately, Alameda Research and FTX Ventures, a venture arm backed by Bankman-Fried’s personal money, committed hundreds of millions of dollars to Sequoia Capital, Altimeter Capital Management and Multicoin Capital, according to four people familiar with the matter. Funds connected to Bankman-Fried also backed K5 Global, an advisory and investment fund run by Michael Kives, a close adviser to Bankman-Fried.

[mesobuild]

TBH, I don't think anyone believes him. I'm interested in that $500m+ he invested in Silicon Valley VC firms like Sequoia and a couple others. Did that money come from his $1 billion personal loan from FTX or what?

(And yes, he took ~$215m from Sequoia and then supposedly invested $500m back into Sequoia and other firms in Silicon Valley.)


Edit: Looks like Alameda + his personal money via FTX Ventures made those Silicon Valley investments. FTX Ventures is one of the 134 subsidiaries that filed for bankruptcy.

He's hiding the 1 billion to avoid having it seized. and joking about his bank account in bad faith

[gwg77]

SBF is a total disaster.

[gwg77]

5pm EST they will be livestreaming the Dealbook SBF interview. In the meantime, here is Larry Fink on getting ripped off by SBF.

Video:


https://twitter.com/AutismCapital/st...30440639537153

[gwg77]

SBF Dealbook Livestream (WATCH NOW)

https://www.nytimes.com/live/2022/11...ried-interview

If you don't have NY Times subscription, you can watch here:

https://livenewsof.com/watch-cnbc-live-stream/

[mesobuild]

dude has like sub 50 EQ

[gwg77]

dude has like sub 50 EQ

You can tell he's lying through his teeth. He actually thinks he can talk his way out of it.

[gwg77]

Sorkin said something like "Seems like you guys are all hopped on ******** having a sleepover party."

SBF tries to downplay it. Says he barely drinks and maybe only 20% of the company drinks.


Meanhile, FTX has a $55k unpaid tab at Margaritaville.

[mesobuild]

"Sam, where did the money you were not allowed to touch go, including the $1.5 billion in loans you spent?"

"The Alameda trades became risky."

"You were not authorized to use the funds in any case."

"We donated to xyz, others donated used cars..."

[gwg77]

Super long thread that live tweets the summary of the Dealbook Summit:


https://twitter.com/AutismCapital/st...73756273942528

[gwg77]

"Sam, where did the money you were not allowed to touch go, including the $1.5 billion in loans you spent?"

"The Alameda trades became risky."

"You were not authorized to use the funds in any case."

"We donated to xyz, others donated used cars..."

SBF is out of his mind for giving these interviews. He just kept obfuscating.

[gwg77]

[gwg77]

[gwg77]

Full Interview

[gwg77]

Coindesk has the complete transcript of the interview here to read:

https://www.coindesk.com/business/20...bankman-fried/