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

[ogc163]

 

[yseJ]

avoiding what regulations? lol there's little to nothing outside of the sec seemingly deciding to pick and choose companies in the space to sue and then...what? they win, they settle, whatever. there's still no actual clarity. still no laws. nothing on the books.

i think the crypto market will mature to a point where actual value-based, practical, utility-driven assets will win out but for now...especially with basically no rules and oversight, it's still "the wild wild west" as you put it.

if you attempt to defraud investors via a rug pull in a non-crypto/nft scheme, you will be charged with fraud.

up until like middle of 2022 I'd say 95% of rug pulls in NFT space got through unpunished whatsoever. its mind-boggling how easy it was to do a rug pull and pocket a few mils. just get enough pump on your tokens

 

[ogc163]

 

[ogc163]

 

[Bboystyle]

I use coinbase and bitcoin for overseas bookies on sports betting. Once i get the money, i cash out. Thats about as far as i will go with crypto

 

[bnew]

archive.ph

 

[Jean toomer]

This is just as important. Government cronyism and collusion. Remarkable!

 

[yseJ]

 

[nyknick]

 

[Json]

His fortune was valued in cryto so he didn’t lose anything

 

[ogc163]

Wouldn't shock me if it was SBF himself doing the hacking

 

[88m3]

Wouldn't shock me if it was SBF himself doing the hacking

 

[bnew]

I posted in there but don't feel like quoting all them.

fukk is going on with FTX

www.thecoli.com

 

[MushroomX]

I heard this dude flew a private jet to Argentina. Surely he is looking to get away, needing some personal space from this sudden loss of fortune.

 

[Renegade47]

i was told crypto was the future. coli brehs told me they had a fat portfolio fukk going on