rei
4319
Dubai and UAE signed a bunch of extradition treaties this past year too including with the USA
My credit union still has coin counters i can carry a bucket of coins to.
Perhaps he should have been hiding out in Decentraland.
Now he’s going to have to give his incriminating interviews from jail.
rei
4323
I believe the same unit of measurement for crypto is called a butt of cryptocoin
Sabotai
4324
Are you allowed to play League of Legends in jail?
Scuzz
4325
Banks I deal with quit doing that 15 years ago.
SBF really is a moron. Not just because of the blatantly obvious fraud, but he also went on his apology tour the past few weeks instead of shutting up and taking whatever money he had left into hiding.
Of course anyone giving this guy money is even dumber. Lot of that going around in our day and age it seems.
Menzo
4327
The truth is, these are not very bright guys, and things got out of hand .
The Bahamian authorities prohibited him from leaving the country.
Didn’t stop Carlos Ghosn.
The SEC release:
https://www.sec.gov/news/press-release/2022-219
Washington D.C., Dec. 13, 2022 —
The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing.
“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” said SEC Chair Gary Gensler. “The alleged fraud committed by Mr. Bankman-Fried is a clarion call to crypto platforms that they need to come into compliance with our laws. Compliance protects both those who invest on and those who invest in crypto platforms with time-tested safeguards, such as properly protecting customer funds and separating conflicting lines of business. It also shines a light into trading platform conduct for both investors through disclosure and regulators through examination authority. To those platforms that don’t comply with our securities laws, the SEC’s Enforcement Division is ready to take action.”
Looks like the damage that FTX collapse did to the crypto market is now spreading. If Binance goes down too, we are going to witness an ugly ugly meltdown.
Seems to me stopping people from getting money out is only going to make the problem worse, not better.
I was curious as to why bitcoin is going up in value today. With all the bad news you would think people would be minimizing their risk.
It turns out that in the crypto space, a “derisking” strategy is to pump all your money into bitcoin because bitcoin is basically the gold standard.
“Bitcoin’s dominance has finally broken above 41%. It’s a textbook de-risking market signal,” Lewis Harland, portfolio manager at Decentral Park Capital, said in a daily market note.
From: Bitcoin Hits One-Month High Ahead of US Inflation Data
