TD₿: FTX’s Collapse Was a Crime, Not an Accident by David Z. Morris
TL;DR Sam Bankman-Fried is a con man and fraudster of historic proportions.
Hey Bitcoiners,
The FTX story continues to get more and more bizarre as the days go on.
We have one of the biggest scammers in financial history, Sam Bankman-Fried, doing interviews on live television from his bachelor pad in the Bahamas and getting applauded for it.
We have the mainstream media publishing puff pieces of SBF trying to make this seem like a matter of gross negligence and poor risk management rather than calling it for what it is — fraud.
Meanwhile, we have an open-source developer, Alexey Pertsev, who has been held in a Dutch prison without being charged with a crime for writing a piece of software.
It is simply insane that a man is behind bars who wrote code while another man who stole billions of dollars is still walking free, but apparently, that’s the world will live in nowadays.
Things took an interesting turn in the FTX fiasco earlier in the week when it came to light that disgraced former CEO of Alameda Research Caroline Ellison was spotted in Manhattan at a coffee shop, barring she has some identical twin nobody knows about.
Many had previously thought she was trying to get to Dubai due to its lack of a U.S. extradition agreement, but now it’s believed that she is working with prosecutors to bring down her former boss and lover.
Cobie made this astute observation, mapping out how close the coffee shop Ellison was spotted at is to U.S. Attorney's Office for the Southern District of New York.
Hopefully, with these recent developments, we will finally start to see some semblance of a justice system for these individuals whose actions resulted in the lost life savings of hundreds of thousands of individuals.
David Z. Morris wrote this opinion piece that hit the nail on the head when it comes to SBF and FTX. (12/02/2022)
It’s important to amplify the voices of columnists who demonstrate that they 1.) have a moral compass and 2.) demonstrate a deep understanding of the industry and technology.
It is beyond refreshing to see an article from a news publication gain traction that speaks truth to this colossal Ponzi scheme.
Bravo, David. 👏
Tick tock next block,
Sam Callahan
PS - If you haven’t seen this video yet, then watch it. It made me LOL.
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Quote of the Day
“It's beyond obvious that Scam Bankster-Fraud's PR tour is a determined strategy by his PR team to convince the media and regulators that he's just a kid who made some mistakes. Don't buy it. He actively, knowingly, and DEFINITELY committed massive fraud and theft.” - Cory Klippsten, Founder and CEO of Swan
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Featured Event
Wednesday — come hang out with some Bitcoiners at the RI Bitcoin meetup from 7:00-8:30 pm at the Tilted Barn in Exeter. Here are a couple of topics they will discuss:
* Adopting Bitcoin conference recap
* Onboarding local RI merchants to bitcoin
* Bitcoin and politics; can we/should we educate local policymakers?
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Meme of the Day
we live in a 🤡🌎. nice piece Sam