Crypto CEO Accidentally Describes Ponzi Scheme--UPDATE--Bankman-Fried arrested in the Bahamas on money laundering and fraud charges.

[ogc163]

 

[ogc163]

 

[bnew]

 

[bnew]

 

[null]

tether AND usdc

 

[yseJ]

the bubble is bursting big time and Im here for it

if anything all these bubbles tell us is that people will ignore all warning signs if the numbers keep going up while theyre pumped up

 

[ogc163]

 

[Professor Emeritus]

This interview with Sam Bankman-Fried is amazing. Basically:



1. He keeps making excuses for why he lost everything

2. He keeps claiming that he didn't invest deposited funds when he clearly did

3. He says that everyone else does worse stuff than him and he's just the unlucky one who is being unfairly treated

4. Argues that regulators are crap and don't help anyone, financial ethics is bullshyt, almost anything good or PC he said in the past was just for PR

Sam Bankman-Fried tries to explain himself

The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.

www.vox.com

 

[ADevilYouKhow]

Justin Bieber bought a Bored Ape NFT in January for $1.3 million that's likely worth about $70,000 in the wake of the FTX collapse

Justin Bieber bought a Bored Ape NFT for $1.3 million in January. But it's now probably worth $70,000 after the FTX scandal caused crypto to crash.

www.businessinsider.com

 

[CrimsonTider]

Different type of fraud

Enron wasn’t incompetent

 

[ogc163]

 

[88m3]

everything seems above board I'm sure it's just a misunderstanding

 

[ogc163]

 

[ADevilYouKhow]

Have you considered that he hadn’t accidentally described a Ponzi scheme?

 

[ogc163]