141–150 of 204 posts
https://ia601406.us.archive.org/2/items/gov.uscourts.deb.188...
Celsius recently asked to redact the names of its creditors in its bankruptcy filings and the court denied the request.
What are the chances FTX's motion will be granted.
The IRS has also filed a notice of appearance.
Does anyone else find it extremely ironical that FTX happened in crypto? Wasn't FTX one of the things crypto was meant to solve?
As someone else mentioned, going to and from fiat has always been an issue for crypto. So as a result, exchanges exist. Problem is with exchanges in order for settlement to happen the money has to be held somewhere where it can actually be used to settle trades. That is, users can't just keep the tokens in their own wallet until the trade is complete then pay up (or they could just not pay if eg; the trade was unfavo…
An exchange is just an unregulated bank.
Earlier quoted context omitted.
> he seems to—at least on some level—legitimately believe that all of this is extremely complicated and impossible to understand unless you're someone of his intellectual caliber. It's so complicated, in fact, that even he struggles to keep it all in his head at once Yeah, I strongly disagree here. He's just a pathological liar and he's currently on an interview spree where he's lying out of his mouth to try and avoi…
You could be right. But if this interview spree is a calculated move to avoid jail time, he's doing a truly awful job of it. But this wouldn't be the first time he did an awful job of something due to misjudging his own competence.
This guy is something else. He's one of the largest scammers in history, if not the largest, by the amount of appropriated funds. But he's also very "cute", I mean he cannot open his mouth without incriminating himself. This is going to be a good show. On a more serious note I do hope for some serious sentences on the back of it (counted in decades, maybe a few life sentences if possible), because it's too much of a…
Not true. There are plenty of bigger scams. Even my tiny country (Denmark) has been involved in bigger scams like when Danske Bank laundered $230 billion out of Russia and into tax havens around the world.
I'm interested in understanding just how much actually flowed into FTX from users vs what (the probably fake?) value of their holdings were when FTX melted down.
Earlier quoted context omitted.
Woah source needed on the Snapchat for company messaging. I gotta see this.
> Ray said that “one of the most pervasive failures” at FTX’s main international exchange was the lack of records about decision-making. He said that Bankman-Fried often used messaging platforms with an auto-delete function “and encouraged employees to do the same.” https://arstechnica.com/tech-policy/2022/11/new-ftx-chief-sl... ("Snapchat" - the specific brand - may be inaccurate. I've seen it reported as messages t…
Earlier quoted context omitted.
Here [0] is the current membership of the committee (note it will change in 2023). I don't expect too many tough questions. [0] https://financialservices.house.gov/about/committee-membersh...
> I don't expect too many tough questions. Wanna bet? He's super unpopular across the aisle and politicians are quick to turn on donors if they are dead in the water.
The fact that this guy has not been arrested just goes to show how completely f*cked America is.
Dude literally paid a substantial proportion of Bahamas GDP to the Bahamas government, my guess is they got some sort of deal in exchange for this.
Do you mean Bahamas?
If so they you are very wrong about their GDP :)
So, let the prosecutors, courts, and accountants sort this out. Follow the court filings here.[2] Today's updates: the Internal Revenue Service is getting involved. And, amusingly, the U.S. Bankruptcy Trustee is using FTX's privacy policy against them.
[1] https://www.washingtonpost.com/opinions/2022/12/11/crypto-co...