$477M FTX ‘hack’ was a Bahamian government asset seizure
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$477M FTX ‘hack’ was a Bahamian government asset seizure
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Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#2interesting, since FTX was headquartered in the bahamas this seems lawful and not unreasonable. though some will argue the government doesn't have the right to do that, I think you sacrifice your protection when you commit fraud.
how quickly should the bahamas have announced about the asset seizure? is it common in other countries to not comment about (seizures in) ongoing investigations?
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#3Why did FTX publicly announce it as a hack then?
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#4Good, I'm glad it wasn't SBF or another insider.
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#5Why did FTX publicly announce it as a hack then?
The announcement was from the new FTX under emergency CEO Ray, not the old FTX under SBF. And the Bahamas claims that the specific FTX company that did the transfers, FTX Digital Assets, was not a part of the bankruptcy proceedings and that SBF was still its CEO.
Finally, new-FTX did not say they were "hacked", only that the transfers were not authorized by them.
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#6Why did FTX publicly announce it as a hack then?
The whole thing has been surrounded by misinformation, misdirection and outright lies. I still don't think there has been enough credible information released to form a complete picture at this point.
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#7Good, I'm glad it wasn't SBF or another insider.
Well it seems it was SBF in the bed with the Bahamian government.
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#8Why did FTX publicly announce it as a hack then?
FTX chose to file for bankruptcy in America. There is a jurisdictional dispute between the US and the Bahamian court over where the bankruptcy proceedings should take place.
In my view FTX chose to incorporate in the Bahama's for a reason, and that reason wasn't the transparency and integrity of the Bahamian legal system.
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#9Why did FTX publicly announce it as a hack then?
The announcement was from the new FTX under emergency CEO Ray, not the old FTX under SBF. And the Bahamas claims that the specific FTX company that did the transfers, FTX Digital Assets, was not a part of the bankruptcy proceedings and that SBF was still its CEO. Finally, new-FTX did not say they were "hacked", only that the transfers were not authorized by them.
SBF straight up said multiple times it was a hack in his leaked talks with a vix reporter many days alter
Re: $477M FTX ‘hack’ was a Bahamian government asset seizure
#10Earlier quoted context omitted.
The announcement was from the new FTX under emergency CEO Ray, not the old FTX under SBF. And the Bahamas claims that the specific FTX company that did the transfers, FTX Digital Assets, was not a part of the bankruptcy proceedings and that SBF was still its CEO. Finally, new-FTX did not say they were "hacked", only that the transfers were not authorized by them.
SBF straight up said multiple times it was a hack in his leaked talks with a vix reporter many days alter
Do people still hold anything this guy says as having any truth to it?