Tuesday, January 3, 2023

Bankman-Fried arrested - update V

Bankman-Fried has pleaded not guilty. Online analysts have tied a series of transactions that cashed out $1.7m to digital wallets associated with Sam Bankman-Fried. Blockchain analysts have been tracking the movement of funds. Doing this violates Bankman-Fried's bail as he cannot use more than $1,000 without court approval, unless its to pay his lawyer. Its said the terd started withdrawing funds as soon as he arrived at his parent's $3.5m home. In a Tweet Friday, Bankman-Fried said he’s not making the transactions. That appears very false, again. Within hours after FTX filed for bankruptcy on Nov. 11, about $372m worth of tokens were stolen from the exchange, according to bankruptcy filings. The DoJ launched a criminal investigation. Bankman-Fried knows nothing about that either.
Bahamian authorities said that former FTX CEO Sam Bankman-Fried has been extradited to the United States. He will likely appear in front of a US judge today.

In an interview, this time on "Good Morning America," FTX founder Sam Bankman-Fried said he was "vaguely aware" that FTX lent stolen customers' funds to its sister firm, Alameda Research. Permanent bad hair day Bankman-Fried of $10b fraud FTX says he is not a crook. He also says he is almost broke. Bankman-Fried, 30, said his lawyers advised him not to speak publicly, but he ignored them because he knows better.
Speaking from his penthouse in the sunny Bahamas, he said he had one credit card left which had $100k owing. In October his net worth was $15b. Bankman-Fried was viewed by some slow people as a young version of the legendary Warren Buffet. Those people have been fleeced stupidier. When asked if he had been truthful in his responses, Bankman-Fried said he was as truthful as he knowledgeably could be. "I don't know of times when I lied," he said. Folks may rest assured this overwhelming conman will be seeing the inside of a US federal jail cell soon, very soon.