FTX’s ownership of a U.S. bank raises questions

Post by rosnd » Fri, Nov 25, 2022, 7:48 AM UTC

TacticalCoder wrote: post #177

graeme wrote: post #95

I looked into this. They used to do business as Geniome Bank, and their job ads are for "crypto and marijuana". Almost no publicity, though they sponsored a few marijuana events. Chalopin usually shies away from press, so his personal involvement is odd. His son is also the chief digital officer of the company. Another curiosity is the old Farmington team is still there, including the presdient, and they still appear…

> "Geniome" is the trademark of a UK based company also owned by Deltec/Chalopin: IFSG. So, Chalopin has an unusal degree of personal involvement here. And Deltec is a centerpiece behind the tether (USDT)/Bitfinex scam. People who actually described the Alameda/FTX ponzi scam for what it was since day one have always said it: Alameda/FTX is just a front set up by tether/Bitfinex, made to precisely hide more market ma…

Post by rosnd » Fri, Nov 25, 2022, 9:14 AM UTC

skrebbel wrote: post #212

ncallaway wrote: post #138

Earlier quoted context omitted.

I think it’s frowned upon by many. It’s extremely challenging to address since Citizens United made it legal, and the courts have chipped away at efforts to make it more transparent. I’m absolutely unhappy with the result. We legalized bribery and rank corruption. It’s awful for the system. What do you think it’s not frowned upon?

To answer your last question: I'm not American, but I read a fair bit of US politics on places like HN. Whenever companies bribing US politicians is mentioned, it's done in a matter-of-fact way using extreme euphemisms. I don't just mean by the people involved, I mean by everybody, all the way down to regular nobodies discussing politics on the internet. I very seldomly read stuff like "FTX bribed both the democrats…

Post by xwolfi » Fri, Nov 25, 2022, 9:57 AM UTC

graeme wrote: post #95

I looked into this. They used to do business as Geniome Bank, and their job ads are for "crypto and marijuana". Almost no publicity, though they sponsored a few marijuana events. Chalopin usually shies away from press, so his personal involvement is odd. His son is also the chief digital officer of the company. Another curiosity is the old Farmington team is still there, including the presdient, and they still appear…

Post by nradov » Fri, Nov 25, 2022, 4:08 PM UTC

yccs27 wrote: post #216

krustyburger wrote: post #167

Earlier quoted context omitted.

https://en.wikipedia.org/wiki/Citizens_United_v._FEC

Ah thanks, that's what I was missing. Such a mindboggling decision.

Post by stickfigure » Fri, Nov 25, 2022, 4:27 PM UTC

watwut wrote: post #210

stickfigure wrote: post #188

Earlier quoted context omitted.

> They are not letting me speak. Please don't take this personally, but I generally have no interest in watching random people speak. They know their audience. On the other hand, if they could secure an interview with Adolf Hitler himself, I would watch. Interest does not mean endorsement.

> Interest does not mean endorsement. That does depend on how you introduce him and what questions you ask. It does matter on whether when he says lies about Jews for example in that interview, you let them stand unopposed. If you use positive or euphemisms ridden introduction, then you are endorsing actually. "The next speaker is smart awesome guy who has extensive experience in leading a crypto fund". > if they cou…