Isn’t this just people that live in the Bahamas draining their own accounts (which is still allowed)?
Plus, obviously, people who can find a random Bahamas native to KYC their account for them.
FTX faces potential hack, sees mysterious outflows totaling more than $600M
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Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#52Isn’t this just people that live in the Bahamas draining their own accounts (which is still allowed)? Plus, obviously, people who can find a random Bahamas native to KYC their account for them.
I imagine a large chunk of FTX users in the Bahamas are FTX employees, and others associated with the company.
Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#53They’re making Madoff look good. He semi-voluntarily* turned himself in when the jig was up, and the govt eventually recovered about 2/3rd of the money FTX seems like it’s still trying to steal funds *Madoff confessed to his family, said he would turn himself in, and asked for 24 hours to get affairs in order. Family refused, called FBI immediately
Heck, they are making Mark Karpelès look good. https://twitter.com/MagicalTux/status/1591295272621314049
I’m getting my mtgox claim paid out, finally. Never would have picked that for my 2022 bingo card.
Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#54SBF 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.
Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#55Guys, don't worry: Sam has said he's sorry
Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#56SBF 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?
Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#57SBF 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?
DoJ and SEC are both already investigating FTX.
Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#58They’re making Madoff look good. He semi-voluntarily* turned himself in when the jig was up, and the govt eventually recovered about 2/3rd of the money FTX seems like it’s still trying to steal funds *Madoff confessed to his family, said he would turn himself in, and asked for 24 hours to get affairs in order. Family refused, called FBI immediately
Perhaps there's some effective altruist argument for why this is best for the world. Trying to make the Ponzi lesson stick or something.
He just wanted to bring back the guillotine. He’s a big picture thinker.
Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
#59Knowing little about how ftx works... Is the article talking about customer accounts at FTX being drained? Or accounts belonging to FTX being drained?
FTX is a centralized entity, just like PayPal is. There is no such difference. As a centralized company, they are supposed to hold all customer funds in their own bank/wallet/whatever account(s).
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Re: FTX faces potential hack, sees mysterious outflows totaling more than $600M
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