Earlier quoted context omitted.
Yeah, just yesterday SBF tweeted: > This was about FTX International. FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow. https://twitter.com/SBF_FTX/status/1590709195892195329
This guy is such a serial liar...I wonder why he doesn't have a lawyer advising him to avoid making statements on a public platform at this point.
FTX to file for U.S. bankruptcy, CEO resigns
171–180 of 1001 posts
Re: FTX to file for U.S. bankruptcy, CEO resigns
#172Earlier quoted context omitted.
130 companies? What did they for a living? Collect companies each time a new month began?
These days owning a crypto exchange is a shell game where you try to hide the funds and liabilities into a chain of companies located in offshore jurisdictions. Binance does the same but even more extreme — they don’t even tell where their HQ is actually located. Money launderers and tax evaders have long used these tricks. Those people don’t normally get VC capital at $34 billion valuations though. The crypto implos…
I'm really skeptical of Binance, whilst I would never accuse them of anything specific, I have no proof. Their structure, governance and business model combined with their refusal to meet basic regulatory requirements makes me feel uneasy.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#173Earlier quoted context omitted.
Yeah, just yesterday SBF tweeted: > This was about FTX International. FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow. https://twitter.com/SBF_FTX/status/1590709195892195329
This guy is such a serial liar...I wonder why he doesn't have a lawyer advising him to avoid making statements on a public platform at this point.
His parents are probably going to invoice him for legal advice at this point.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#174Earlier quoted context omitted.
This guy is such a serial liar...I wonder why he doesn't have a lawyer advising him to avoid making statements on a public platform at this point.
It absolutely blows my mind; if this[1] failure of an attempt at a "get out of jail free" disclaimer is something you feel the need to write out so poorly, and in all caps, after your diatribe, maybe - MAYBE - you shouldn't have said a goddamn word. [1] https://twitter.com/SBF_FTX/status/1590709199067295749
Yeah! That was the tweet that made me suspect an anxiety attack / some other health condition.
The weirdest part is that all 23 tweets were posted simultaneously at 8:13am. So he had the opportunity to say nothing; he could’ve clicked “save draft” instead of “tweet all”.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#175Just 20 hours ago - it was all bad but still fine and plenty of money and lots of interested parties... Oh and it is all the fault of the Devs https://twitter.com/SBF_FTX/status/1590774827467812865 If you stick your company name in your twitter handle - does that mean the company owns the twitter account too???
[deleted]
Re: FTX to file for U.S. bankruptcy, CEO resigns
#176Earlier quoted context omitted.
This guy is such a serial liar...I wonder why he doesn't have a lawyer advising him to avoid making statements on a public platform at this point.
It absolutely blows my mind; if this[1] failure of an attempt at a "get out of jail free" disclaimer is something you feel the need to write out so poorly, and in all caps, after your diatribe, maybe - MAYBE - you shouldn't have said a goddamn word. [1] https://twitter.com/SBF_FTX/status/1590709199067295749
"Your honor, whatever I've said should not be used against me in the court of law"...I can't make up this parody if I was a scriptwriter.
Here's another...SBF has stepped down, and his replacement is John J. Ray III, a famous bankruptcy lawyer who helped clean up Enron...yes, that Enron.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#177i still can't get over the fact that FTX CEO took his customers money to fund his gambling firm.
[deleted]
Re: FTX to file for U.S. bankruptcy, CEO resigns
#178No post body was provided.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#179One more down, a few still to go.
Re: FTX to file for U.S. bankruptcy, CEO resigns
#180Earlier quoted context omitted.
The more I read and learn about all this it feels like the work of a criminal mind more than just plain greed or hubris.
https://en.m.wikipedia.org/wiki/Hanlon%27s_razor
How many times are we going to allow someone to slice us with weaponized stupidity before we realize that willful ignorance is actually a powerful tool in the malicious actor's/white collar toolkit?
On the street, the cops/court'll beat you with "ignorance of the law is not an excuse".
In the board room, the corporation can do no wrong, here's your settlement, chapter 11 plox.