Yeah, I put a laughing out loud face in the title, but I am doing anything but laughing as some of my crypto is frozen right now thanks to this commie idiot.
My father always used to tell me that you know you are in trouble when you start believing your own bullshit. It looks like that is exactly what this idiot, who just to happens to be the biggest left wing donor behind Soros, started doing …
Fox News reported:
‘Sam Bankman-Fried, the founder of crypto exchange FTX, had a net worth that all but evaporated to zero after it plummeted Friday, following a crisis that forced the company to file for bankruptcy.
The Wall Street Journal reported that Bankman was worth an estimated $16 billion on Monday, making him one of the 100 richest people in the world, citing the Bloomberg Billionaires Index, which tracks the net wealth for some of the world’s richest people.
However, by Friday morning, FTX was valued at $1 before the bankruptcy announcement.
“I sincerely apologize,” Bankman, a prominent Democratic donor, said in a rapid series of tweets on Thursday. He also promised to continue trying to save the company.’
I bet I don’t only speak for myself when I say ‘F*** YOU, take your apology and shove it up your ass.’ You took obscenely risky gambles with OUR MONEY, BEHIND OUR BACKS. This is the exact crap you rail against Wall Street for doing and here we are, left holding the bag, thanks to you, jackass.
Fox News continued:
“So, right now, we’re spending the week doing everything we can to raise liquidity. I can’t make any promises about that. But I’m going to try. And give anything I have to if that will make it work.”
FTX’s failure goes beyond finance. The company had major sports sponsorships as well, including Formula One racing, a sponsorship deal with Major League Baseball as well as a sports arena in Miami. Mercedes said it would remove FTX from its race cars starting this weekend.
Bankman-Fried has other problems as well. On Thursday, a person familiar with the matter said the Justice Department and the Securities and Exchange Commission were looking into FTX to determine whether any criminal activity or securities offenses were committed. ‘
I’m no fan of the DOJ, however, GOOOOOOOOD! Dig up everything this asshole has done and feed him to the wolves. Dear FBI, forget that this guy helped to fund all your favorite ‘crash America in the ie of the mountain’ projects, and imagine that this guy is a member of the Trump family … NAIL HIM TO THE WALL.
Fox finished by stating:
‘The investigation is centered on the possibility that FTX may have used customers’ deposits to fund bets at Alameda Research. In traditional markets, brokers are expected to separate client funds from other company assets. Violations can be punished by regulators. Financial company MF Global effectively failed for a similar practice roughly a decade ago when it intermingled client assets with its own bets.’
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