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FTX faces potential hack, sees mysterious outflows totaling more than $600M

coindesk.com

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Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#61

Post by alasdair_ »

ec109685 wrote: post #24
fortran77 wrote: post #17

Earlier quoted context omitted.

I've been around the block a few times, and I've had people over the years tell me about an "investment" or a fund, or their brother-in-law who could get me 15% or more on my money. And every time I've been smart enough to say "no thanks." I must admit, I don't have a lot of sympathy for Madoff's victims. Especially the charities! If I donate money to a charity, I'd expect the money to go to help people or to further…

There was a constant drumbeat of high interest promises by these crypto companies, even the supposedly “safe” ones. And so many people thought it was a no lose proposition. E.g. 8% APR at FTX.us: https://mobile.twitter.com/ftx_app/status/141749746557453927...

Lol at the first comment from over a year ago: “ Make it so I can withdraw like a normal wallet and I'm in”

Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#63

Post by 1270018080 »

Aaronstotle wrote: post #44

The FTX App has allegedly been hacked as well. This reeks of an inside job/coordinated attack. Edit: It is rumored that SBF is en-route to Argentina Second Edit: This is a Twitter rumor, with no verification, could be fake news. I was going to paste the Tweet, but the Tweet has been removed because it was seen as unlikely.

Argentina has an extradition treaty with the US though?

Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#64

Post by 0x5345414e »

TedDoesntTalk wrote: post #36
mcast wrote: post #20

Earlier quoted context omitted.

Bahamas has an extradition treaty with the US. If SBF doesn’t flee he will definitely get indicted in US court

I don’t think SBF would be dumb enough to steal $400m right now when the whole world is watching his every move.

Well he was dumb enough to post a bunch of lies and nonsense to Twitter the last couple days…

Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#66

Post by AndreLock »

This is absolutely wild and unprecedented. Imagine being a victim of Madoff's ponzi and - after already being traumatized by the unveiling of the fraud - discovering that the rest of the money had been stolen.

Madoff's ponzi was larger, but the recovery rate was 88%. It looks like customers who didn't withdraw in time will end up with 0%.

Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#67

Post by emadabdulrahim »

It's wild to me that he hasn't simply had a heart attack and died from the insanity of his actions and the consequences of it all.

Imagine throwing a life like that and he's barely turned 30. Hubris and foolishness can lead to one's own grave.

edit: I'm not wishing for his death. That's not what my comment was about. More on the psychological impact of deception at this magnitude and could any person cope with that.

Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#68

Post by shorthistory »

Aaronstotle wrote: post #44

The FTX App has allegedly been hacked as well. This reeks of an inside job/coordinated attack. Edit: It is rumored that SBF is en-route to Argentina Second Edit: This is a Twitter rumor, with no verification, could be fake news. I was going to paste the Tweet, but the Tweet has been removed because it was seen as unlikely.

What is the source of rumor please?

Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#69

Post by wmf »

shorthistory wrote: post #56
datalopers wrote: post #54

SBF and Caroline (and probably Trabucco) probably already on their way to non-extradition countries and taking what little cash remains with them. They'll end up in prison if they don't.

Who (which government agency etc.) would be expected to track their whereabouts in this scenario?

Do the Pinkertons operate worldwide?

Or maybe Black Cube.

Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M

#70

Post by Aaronstotle »

1270018080 wrote: post #63
Aaronstotle wrote: post #44

The FTX App has allegedly been hacked as well. This reeks of an inside job/coordinated attack. Edit: It is rumored that SBF is en-route to Argentina Second Edit: This is a Twitter rumor, with no verification, could be fake news. I was going to paste the Tweet, but the Tweet has been removed because it was seen as unlikely.

Argentina has an extradition treaty with the US though?

Yeah, I will post the link to the plane that is rumored to be his.
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