The Deeply Troubling FTX Facts and ‘Coincidences’

[Bill Ryan]

The thread title here is also the title of Chris Martenson's new video, maybe an excellent place to begin taking a VERY close look at all this.


http://www.youtube.com/watch?v=CoJpiVMVl9M

[sllim11]

this story is beyond shady. ukraine. biden. trafficking... in bahamas and caribbean. billions LOST i mean WT FTX!

i have a handful of vids from tiktok that are very telling. have no idea how to post.:HELP!:

[Rizotto]

Yep, and just by sheer coincidental timing on the tail of the FTX revelations, Ukraine sends missiles on Polish territory, then blames the Russians, almost triggering WW3. Which distracted most people from looking at the FTX-Dems-Ukraine scam.

[Rahul]

Thanks Bill for this. I must say that things like FTX - I mean its business and not the scandal that has just become known - are a long way beyond where my simple understanding about money and currency and value are. Using the internet to transfer money from my bank account to someone else's bank account still seems to me to be fraught with all sorts of risky assumtions. Not the least of these assumptions is: how does this invisible rupee (I'm in India) move from one account to another and who's in charge of all this anyway?
But in fact it is the value of anything tangible, that we give some currency number to, which to me is the most shaky concept of all. Some years ago, the minimum monthly wage in India was set at 18,000 rupees. Whether that was sufficient for a family is another matter. But if a significant part of daily wage labour, casual labour, seasonal labour, some kinds of factory workers, unorganised domestics etc were struggling to earn even that much a month, then I thought something is still very wrong with how we assign value to labour time or the objects (goods) that labour produices.
In comparison, middle and senior management jobs in India's financial sector, parts of its manufacturing industry and some other industries, were already at that time at least five or six times that minimum monthly wage.The question often occurred to me, how and why does a society value one kind of work by saying it is worth N rupees but another kind of work at Nx6 rupees? How can you make that judgement? Using what criteria? And why is that criteria part of accepted economic logic?
So mcuh for valuing work and worth. But what about the rupee itself? The rupee token - paper currency - is supposed to be backed by some tangible value. Like other countries India had gold reserves to back its currency, but I'd say that over the last 25 odd years, there hardly any discussion as to whether we have gold (or any other metal or object we agree is precious) to back the money in circulation. In the USA, I know, with its gigantic government debt, the 'Fed' is often accused of simply printing more money out of thin air. Other countries do the same, I suppose, at somewhat more modest levels :)
And so, to not ramble on overmuch, I find it very difficult to relate crypto currency to anything that has been currency, let alone find a way to understand a cryto trading exchange.

[Tintin]

this story is beyond shady. ukraine. biden. trafficking... in bahamas and caribbean. billions LOST i mean WT FTX!

i have a handful of vids from tiktok that are very telling. have no idea how to post.:HELP!:

Hi there

One way around this might be to WeTransfer the videos - presumably as mp4 format - to tintin@projectavalon.net and I can put them on the library server where the urls can then be used to embed them here in this thread, or anywhere else on the forum.

[Ravenlocke]

https://twitter.com/loffredojeremy/status/1593115059819274240

1593115059819274240

[Ravenlocke]

https://twitter.com/TheGrayzoneNews/status/1592678056153731072

1592678056153731072


[url]https://thegrayzone.com/2022/11/15/ftx-ukraine-western-aid/

FTX partnership with Ukraine is latest chapter in shady Western aid saga

The Ukrainian government mysteriously disappeared online records of its fundraising arrangement with the FTX crypto scam just days before the scandal erupted. The initiative claims to have raised $60 million for Ukraine, but where did the money go?




The demise of FTX, the fifth-biggest cryptocurrency exchange by trade volume in 2022, and the second-largest by holdings, has sent a wave of chaos through global financial markets.

As the turbulence grows, the government of Ukraine is conducting an ongoing cleanup and whitewashing operation to rid any and all references to a high-level cryptocurrency fundraising arrangement it struck with FTX from the web. Eerily, it seems to have commenced just days before the scandal erupted.

Online records unearthed by The Grayzone claim tens of millions were raised by FTX for the Ukrainian government, and put to a variety of belligerent uses. But with the company now exposed as a Potemkin village lacking underlying assets, and major question marks hanging over whether its operations were from day one fraudulent top to bottom, where does that leave the supposedly successful donation scheme? Were those sums truly raised, and if so, to what purposes were they actually put?

FTX’s destruction resulted from a mass sell-off of the company’s native bitcoin token, FTT, by the rival exchange, Binance. Its value plummeted, prompting a three-day “run” on billions of dollars worth of cryptocurrency, which in turn created – or exposed – a “liquidity crisis” within FTX, as it did not have the available assets required to redeem client withdrawals. FTX filed for bankruptcy on November 11th.

FTX founder and top Democrat Party donor Sam Bankman-Fried now faces criminal investigations in the Bahamas, where the exchange was headquartered, and calls for official investigations into the largely unregulated cryptocurrency industry are reverberating across the globe.

The sudden death of FTX has been compared to the 2008 disintegration of Lehman Brothers that precipitated the financial crisis.

Massive customer holdings have apparently gone missing thanks to a secret “back door” in the FTX bookkeeping system that allowed Bankman-Fried to make changes to the company’s financial records without any accountability. This connivance may have been used to hide at least $10 billion in client funds Bankman-Fried transferred from exchange to another company he founded, digital asset trader Alameda Research.

While mainstream media pores over the details of Bankman-Fried’s gargantuan crypto scam, not one single major outlet has investigated or even acknowledged FTX’s relationship with the government of Ukraine.

Were client holdings unaccountably and illegally funneled into the West’s proxy war? Or did the supposed aid FTX sent to Kiev find its way into the hands of Ukrainian scammers, corrupt warlords and illicit actors?

The corporate media’s failure to explore these questions appears all the more perverse given Bankman-Fried’s flamboyant promotion of his intimate financial relationship with the government of Ukrainian President Volodymyr Zelensky.


The rest of the article is here,

https://thegrayzone.com/2022/11/15/ftx-ukraine-western-aid/

[Ba-ba-Ra]

This video (Greg Hunter and Bix Weir) explains how FTX is connected to the derivative market and how it has the potential to bring down the financial system when in a month derivative contracts come due.

https://usawatchdog.com/ftx-implosion-leads-to-chaos-in-the-streets-bix-weir/

[Andre]

Interesting name this guy has..
When flipped it is fried bankman!

[ExomatrixTV]

Source: https://www.naturalnews.com/2022-11-12-ftx-crypto-slush-fund-laundered-ukraine-donation-money-to-democrat-candidates.html

BREAKING: Now-collapsed FTX crypto slush fund laundered Ukraine donation money to Democrat candidates to help rig mid-terms

(Natural News) The FTX crypto slush fund run by now-disgraced Sam Bankman-Fried (and his MIT college buddies) laundered money for Ukraine into nearly $40 million worth of campaign donations for Democrats in the 2022 mid-term elections.

Over the last year, Joe Biden and the Democrats have pushed through well over $50 billion in funding for Ukraine, using US taxpayer money. Internationally, over $100 billion has been donated to Ukraine, according to Devex.com which has compiled worldwide donations and grants to the Ukrainian cause.

FTX simultaneously processed donations to Ukraine by using its crypto infrastructure. As CoinDesk.com reported in May of this year, “Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website.”

In other words, the corrupt Ukraine regime partnered with a corrupt crypto slush fund to take dollars from the corrupt US government and funnel them into the hands of corrupt Democrat candidates to win rigged mid-term elections.

https://www.naturalnews.com/wp-content/uploads/2022/11/Sam-Bankman-Fried-chart-investments.png




The FTX Superscandal:

rjuPN0y9gHE


The SCANDAL of the DECADE just hit the Democrats!!:

VRgcQmDuoAk


FTX Scam Involved Ukraine & Democrats In Money Laundering Scheme Says Internet:

cIONDwLxiac


Democrat 'Shyster' Fooled Business World:

yEXZssLHgGs

[nzn]

Don't you guys think that even his last name is a pun from the Elite to make fun of us? "Bankman-Fried" 🤡 , pff whay a bunch of clowns.

[Rizotto]

Couple of informative short videos:

Tucker Carlson: Investors didn't notice this red flag in FTX scandal


http://www.youtube.com/watch?v=UaxEK-lDVys
The FTX Disaster is Deeper Than you Think


http://www.youtube.com/watch?v=20BEJouWBgY

[Vangelo]

Here is a nice overview video of the Ukraine / Democrat / Money Laundering angle.

FTX Scandal and Ukraine, What is the Truth? (SOVREN) (https://sovren.media/video/ftx-scandal-and-ukraine-what-is-the-truth-2098.html)

https://sovren.media/video/ftx-scandal-and-ukraine-what-is-the-truth-2098.html

[norman]

Wall Street Goes Crypto in the Bahamas
Tracy Wang - May 4, 2022


The first FTX/SALT Crypto Bahamas conference had lofty goals.

“The vibe we were going after was ‘Crypto Sun Valley,’” Amy Wu, head of FTX Ventures (https://www.coindesk.com/business/2022/01/14/crypto-exchange-ftx-establishes-2b-fund-to-invest-in-crypto-startups-report/), told CoinDesk on the event’s opening day, referring to Idaho’s annual “summer camp (https://www.npr.org/2021/07/10/1014626008/heres-a-peek-inside-sun-valleys-summer-camp-for-billionaires)” for billionaires. “It’s going a lot better than we thought.”

Indeed, the lineup was star-studded (https://www.cryptobahamas.com/speakers): Tom Brady and Gisele Bündchen headlined alongside former heads of state Bill Clinton and Tony Blair. Throughout the four-day affair, crypto whales mingled with Wall Street elites.

But perhaps the biggest celebrity of all was FTX founder Sam Bankman-Fried, who was met with cheers and applause during his several on-stage appearances. If anything, the event was a testament to his crypto empire’s growing might and an extended opportunity to show off his unconventional star power.

“Sam’s a polymath, an exceptional thinker,” said Anthony Scaramucci, the hedge fund titan and SALT founder widely known for his brief stint as President Donald Trump’s communications director. “He knows more about politics than anyone.”

In the past year, Bankman-Fried has become an unofficial spokesperson of sorts for the entire crypto industry, amassing a personal fortune of $24 billion (https://www.forbes.com/profile/sam-bankman-fried/), testifying (https://www.coindesk.com/policy/2021/12/01/crypto-ceos-to-testify-before-house-financial-services-committee/) before the U.S. Congress on regulatory issues and regularly going viral (https://twitter.com/zackseward/status/1468641558346059777?s=20&t=NfYuuXJOTdYIG2lzFwAS_A) on social media.

Scaramucci says FTX approached SALT with the idea to co-host a crypto-themed conference in the Bahamas after FTX’s partnership with SALT New York last September was a success for the exchange.

Last fall, FTX relocated (https://www.coindesk.com/business/2021/09/24/ftx-moves-headquarters-from-hong-kong-to-bahamas-report/) from Hong Kong to the Bahamas, bringing with it a growing cabal of some of crypto’s best and brightest.

The boomers are coming

The diversity in attendance was no more evident than the disparity in dress code.

In the opening remarks, Bankman-Fried, clad in his usual FTX tee, cargo shorts and crew-length white socks, stood beside Scaramucci, who donned a navy Brioni suit.

“There’s a wide variety of people here, everyone from Bill Clinton to degens with monkey [non-fungible tokens],” said Illia Polosukhin, co-founder of the layer 1 blockchain Near.

https://s.yimg.com/ny/api/res/1.2/E9WX1Lg1oZhgc5QqnlsYcQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtjZj13ZWJw/https://media.zenfs.com/en/coindesk_75/f1195a3f0f3d441c18f9db9c86e53820
Former U.S. President Bill Clinton appeared on stage with FTX founder Sam Bankman-Fried. (Danny Nelson/CoinDesk)

“This is a crypto conference for adults,” said Scott Freeman, founder of JST Capital, a crypto asset management firm. “Crypto has been in a bear market for the past five months, but you wouldn’t know it from being here. There’s still a lot of energy. Nobody cares about the price of bitcoin.”

In his opening remarks, Scaramucci cracked several self-deprecating jokes about “boomers” and urged Wall Streeters to be more open-minded toward new technologies.

“When you’re a young guy, you never think you’re going to be old one day,” Anthony Scaramucci, 58, told CoinDesk. “Now, I’m a f***ing fossil. The world is moving forward, I don’t want to leave my generation behind.”

Wall Streeters, who have once been among crypto’s harshest critics, have been softening (https://www.coindesk.com/podcasts/the-breakdown-with-nlw/citadel-is-coming-to-crypto/) their stances towards cryptocurrencies, and in some cases, outright embracing the sector.

Both Jamie Dimon of JPMorgan (JPM) and Citadel’s Ken Griffin (https://www.coindesk.com/markets/2021/02/22/citadel-ceo-ken-griffin-says-he-doesnt-know-how-to-think-about-bitcoin/) have both previously called out crypto for its ties to criminal activity or dismissed the asset class as mere speculation, only to reverse course in the past year.

“Traditional financial firms don’t want to be the first one, but they also don’t want to be the last one,” said Raymond Yuan, founder of CTH Group, on a panel discussion called “Crypto Alpha: Investing in Megatrends” alongside Three Arrows Capital co-founder Su Zhu and Matrixport co-founder Jihan Wu.

Zhu, who told CoinDesk he only goes to one or two conferences a year, said he decided to come to Crypto Bahamas due to the sheer concentration of whales (those with large crypto holdings) in attendance, as opposed to the more retail or developer-oriented conferences.

“People have been saying for a while, ‘Crypto needs to grow up,’ and now, it’s grown up!” said Kyle Samani, founder of crypto venture capital firm Multicoin Capital, one of the Solana ecosystem’s most prodigious backers.

Bahamas leads the way

Crypto entrepreneurs have tended towards clustering in tropical paradises – from Miami to Puerto Rico to Bali. Now, the Bahamas is throwing its hat into the ring.

In the week preceding the conference, the nation of 400,000 unveiled a white paper outlining its regulatory framework for digital assets, which was soon followed by FTX’s groundbreaking ceremony for its new offices in Nassau.

“FTX’s presence in the Bahamas has demonstrated that the Bahamas is open for business to the crypto world,” Prime Minister Philip Davis told CoinDesk.

Prime Minister Davis added that U.S. Rep. Maxine Waters (D-Calif.), chair of the House Committee on Financial Services, visited the Bahamas the previous weekend to discuss crypto, among other agenda items.

“The U.S. has realized they are later than most to the digital currency space, that was evident,” said Bahamas Attorney General L. Ryan Pinder of the meeting with Waters.

“She recognized that we were rather progressive,” Pinder told CoinDesk. “She extended a future invitation, if the Bahamas would like to testify in Congress to talk about their experience.”

The Bahamas is one of the only countries where exchanges can obtain a license for both crypto derivatives and the spot market.

Ryan Salame (https://twitter.com/rsalame7926), co-CEO of FTX Digital Markets, says that making the Bahamas a new hub for crypto was one goal of the conference.

https://s.yimg.com/ny/api/res/1.2/hVR0LJ0cX.Ws3tA9ruaoIQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTcyMDtjZj13ZWJw/https://media.zenfs.com/en/coindesk_75/51dc34bbf3740e3bb190858d282b75c3
Bahamas Prime Minister Philip Davis opened the event. (Danny Nelson/CoinDesk)

“The Bahamas is staying at the forefront,” he told CoinDesk. “A lot of jurisdictions that want to be hubs aren’t building out the regulatory infrastructure.”

Other sources told CoinDesk FTX’s decision to relocate became more urgent after Hong Kong began enforcing a strict three-week travel quarantine during the coronavirus pandemic, a rule that would disrupt Bankman-Fried’s extensive travel schedule.

The FTX founder said on stage that he spends over 50% of his time thinking about crypto regulation, and frequently visits Washington, D.C., to meet with regulators.

A nod to the devs

In addition to the panels and parties, Crypto Bahamas hosted a hackathon for Solana ecosystem developers.

Serum and Pyth, both protocols built on Solana, co-headlined the hacker house, which was less a house and more a darkened hotel ballroom set up with monitor rigs, catered coffee and loud DJ music.

The room drew over 500 registrants, according to Michelle Sun (https://twitter.com/michellelsun?lang=en), a core contributor to Serum, a decentralized exchange on Solana founded by Bankman-Fried.

Solana “really speaks the language of TradFi,” said Sun. “So many of the builders I meet are former Wall Street traders or bankers who decided to build their protocols on Solana.”

Sun, who also resides in the Bahamas, says Serum recently opened a coworking space in the Bahamas adjacent to the FTX offices to accommodate visiting developers.

https://s.yimg.com/ny/api/res/1.2/YJ6kg_cY4vUH8WEobaWEzw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtjZj13ZWJw/https://media.zenfs.com/en/coindesk_75/6820903a2c33310373b58b7d02f3c9b3
(Danny Nelson/CoinDesk)

“It’s a really inclusive and supportive environment,” said Claire Song, a core contributor to Cell Protocol, a decentralized finance (DeFi) project on Solana. “Michelle helped me connect with developer teams building similar DeFiprotocols.”

Song says she became interested in building on Solana because it was one of the few blockchains that uses an order book-based exchange, as opposed to the popular automated market makers (AMMs) such as Uniswap, Sushiswap and Curve that have so far dominated DeFi.

“The AMM model has a lot of limitations – you can’t trade derivatives or apply quant trading strategies,” explained Song. “AMMs are easy to use, but not flexible. That’s why we like Solana, because it has an order book.”

Solana ecosystem heavy-hitters were also in attendance, including co-founders Anatoly Yakovenko and Raj Gokol, as well as a 14-year-old Solana intern, Gajesh Gaik.

The young Rust enthusiast, who has become a bit of a celebrity in the crypto community, told CoinDesk he is working on Taksh (https://twitter.com/TakshXYZ), a no-loss lottery game built on Solana.

Gaik says he doesn’t attend classes back home in India, and instead spends his time building on Solana, as long as he passes his mandatory school exams every four months.

“I got to meet a lot of people from Crypto Twitter,” said Gaik, who appeared to be having the most fun at the conference out of the dozens of attendees speaking to CoinDesk.

When asked what he enjoys most about the Solana ecosystem, the 14-year-old wunderkind responded, with no hesitation: “The vibes.”


https://pbs.twimg.com/media/FhYhlqQXkAQyNVD.jpg

[ramus]

https://www.cnbc.com/2022/11/18/ftx-bahamas-regulators-say-they-have-some-of-the-companys-assets.html

Bahamas regulators confirm they’re holding some of FTX’s assets
Published Fri, Nov 18 202210:27 AM ESTUpdated An Hour Ago

Key Points

Bahamian regulators acknowledged transferring FTX assets into their custody after an emergency filing from FTX’s U.S. attorneys accused them of having directed former CEO Sam Bankman-Fried to do so.
It’s the latest turmoil in an explosive bankruptcy that has rocked the cryptocurrency space and left investors reeling across multiple exchanges.
Regulators said they did not believe that FTX’s Bahama subsidiary was subject to the U.S. Chapter 11 proceedings.

Securities regulators in the Bahamas conceded that they ordered the transfer of FTX digital assets from company wallets into their own custody, citing the authority granted to them by the Supreme Court of the Bahamas and challenging FTX’s assertion that the U.S. Chapter 11 bankruptcy processes applied to them.

In a press statement Thursday evening, the Securities Commission of the Bahamas (SCB) said it had exercised “its powers as a regulator” and directed the transfer of “all digital assets” of FTX Digital Markets, a Bahamian subsidiary of the FTX empire.

The value of the assets is unknown. Crypto research firm Elliptic, however, believes that the $477 million theft reported over this weekend was tied to moves by Bahamian regulators.

Statements from both the Bahamas and U.S. attorneys suggest “that the ‘hack’ was actually the seizure of FTX assets by the Bahamian government,” Elliptic wrote.

The filing struck back at an emergency filing by FTX in U.S. court which challenged the standing of the Bahamian liquidators and asked the Delaware Bankruptcy Court to intervene and enforce an automatic stay, a standard feature of Chapter 11 bankruptcy proceedings.

That filing accused the Bahamian government of seizing FTX assets and moving them into their own custody, an accusation borne out by the SCB’s own statement.

Sam Bankman-Fried, founder and former CEO of FTX and the ex-majority owner of a complex web of FTX-Alameda Research subsidiaries, was accused by FTX’s lawyers of working with Bahamian regulators to move digital assets out of FTX’s custody and into a Fireblocks asset custody account.

Bankman-Fried was effectively in the custody of the Bahamian government, the FTX filing observed.

“It is not the understanding of the Commission that FDM [FTX Digital Markets] is a party to the US Chapter 11 Bankruptcy proceedings,” the Bahamian regulator’s release read.

Bankman-Fried, securities regulators and FTX’s lawyers have not yet responded to requests for comment.

[ExomatrixTV]

Thought Epstein was bad? This FTX collusion is even bigger | Redacted w Clayton Morris:

https://sp.rmbl.ws/s8/2/G/0/D/R/G0DRg.caa.rec.mp4

The more we peel back the onion of corruption on the FTX collapse the creepier it gets. The deep state was fully aware of what Sam Bankman-Fried was up to and may have been assisting him at every turn.


source (https://rumble.com/v1ups80-thought-epstein-was-bad-this-ftx-collusion-is-even-bigger-redacted-w-clayto.html)



He just admitted it.

FzCHzAbLPBI

[mountain_jim]

https://twitter.com/WallStreetSilv/status/1593728070573330432?s=20&t=eLvuCZBL7zseK5iPEgsQhw

1593728070573330432

[mountain_jim]

https://media.gab.com/cdn-cgi/image/width=1050,quality=100,fit=scale-down/system/media_attachments/files/120/773/927/original/087863bfed5f01c8.jpeg

[norman]

Is FTX Tied to Pedophile Blackmail Networks? It’s Much Worse Than You Thought. – John Perez Interview
Man in America - Published November 15, 2022


What do FTX, Jeffery Epstein, Bitcoin, blackmail, money laundering, and Joe Biden have in common? Join me in this mind blowing interview with John Perez to find out.

Interview starts at 5 mins 30 sec

v1s2fx0/?pub=4

[ExomatrixTV]

Wait Now! FTX Scandal Just Blew Wide Open! Wait Until You Hear What We Just Found Out!

QIJ9g1ETDQw

[Satori]

Is FTX Tied to Pedophile Blackmail Networks? It’s Much Worse Than You Thought. – John Perez Interview
Man in America - Published November 15, 2022


What do FTX, Jeffery Epstein, Bitcoin, blackmail, money laundering, and Joe Biden have in common? Join me in this mind blowing interview with John Perez to find out.

Interview starts at 5 mins 30 sec

v1s2fx0/?pub=4

So, hoping to get rich off crypto, including Bitcoin, witless avaricious, and ignorant, people were funding their own destruction—and ours—for many years. The money they put into crypto has been laundered and funneled into the “plandemic”, the jab, stolen elections, and war, to name just a few…

Not surprising at all. Their evil and manifestations thereof know no bounds.

[ExomatrixTV]

Full FTX Bankruptcy Filing: UNPRECEDENTED Disaster:

9rvAefIxHGA

[aoibhghaire]

Now Tether is about to collapse as the third biggest crypto in the global financial business.
This means that this will be 10X worse than FTX. This may well be the biggest crash yet.

https://www.revolver.news/2022/11/sam-bankman-fried-ftx-on-steroids-is-cryptocurrency-tether-joe-biden-crypto-bcci/

¤=[Post Update]=¤

The FTX scandal is only getting started. Another cryptocurrency by the name of Tether is also on the brink of failing and both FTX and Tether appear to have been tools of the Deep State.


https://www.thegatewaypundit.com/2022/11/breaking-ftx-tether-cia-drug-cartels-ukraine/

[Carlitos]

Daylight robbery. Incroyable. Not only stealing the funds, it's an obvious attempt to totally disrupt, and discredit DeFi and cryptos out of existence. Yet another attack on the free world. This has to backfire. The steal is just too obvious; and I am hoping that more people see that and take the step towards decentralization, and see the lies, and these pathetic people for what they are.

[aoibhghaire]

https://www.thegatewaypundit.com/2022/11/funded-ftx-one-key-issues/

This has the list of who funded it when it started all big players

[ExomatrixTV]

The Strange Details of the FTX Scandal:

zWV-EdsnYMk
The amount of political donations FTX made and then tanked, definitely warrants an investigation.

[Richter]

FTX AND THE DOLLAR TRAP
November 21, 2022
Joseph P. Farrell

For the past few years, Catherine Austin Fitts has been warning people about what she calls the 'dollar trap,' which basically amounts to a one-two punch. Punch one: extend easy credit or outright give away billions of dollars. In other words, get entire regions or countries 'hooked on' or addicted to dollars. Punch two: then, pull the plug, and suction out all those dollars, leaving the region or country in a bind, where it must conduct transactions in dollars, and does not have any.

She and I (and others) have also been warning about something else, namely, the typical modus operandi of Mr. Globaloney to 'stack function' in an operation or scam, or as I call it, to carry out 'multiple objective' operations, where several goals are met and fulfilled all in one fell swoop.

With those background thoughts in mind, consider this article about the recent FTX crypto-scandal and its collapse, shared by K.H.:

CONTINUE: https://gizadeathstar.com/2022/11/ftx-and-the-dollar-trap/

[norman]

Disgraced FTX founder Bankman-Fried admits lying about being moral, says ethics is a ‘dumb game we woke Westerners play’
11/19/2022 / By JD Heyes

https://www.newstarget.com/2022-11-19-disgraced-ftx-founder-bankman-fried-admits-lying-about-being-moral.html


Sam Bankman-Fried, the disgraced tech bro who repeatedly claimed that he wanted to “do good” for the world while he still had billions of dollars in other people’s money to spend, admitted that it was all just a virtue-signaling act and that trying to conduct “ethical” business is for Western corporate saps.

As reported by the UK’s Daily Mail (https://www.dailymail.co.uk/news/article-11437361/Sam-Bankman-Fried-admits-lied-ethical.html), Bankman-Fried also blamed one of his girlfriends for the loss of his $32 billion company, while he noted that his commitment to woke “ethics” was just “a front” and he now “feels bad” for anyone who was “f**ked by it.”

SBF, the founder of the failed crypto exchange and platform that collapsed last week and cost consumers billions of dollars, has also confessed that his efforts to appeal to left-wing morality police when the company was in its prime were just a “dumb game we woke Westerners play.” Possibly to emphasize his phony concerns, FTX’s HQ was located in the Bahamas (https://www.naturalnews.com/2022-11-17-ftx-founder-sells-bahamas-penthouse-at-40m.html), which is a tax-free haven.

He also said that the FTX collapse should be blamed on Alameda Research, a trading firm that he founded in 2017 and was run by on-again, off-again lover and Harry Potter enthusiast Caroline Ellison, the UK outlet reported further, which added:

Bankman-Fried, who owned a majority stake in Alameda, installed Ellison, 28, as CEO of the multibillion dollar fund in October 2021 despite her limited professional trading experience.

He appears to accept FTX lent Alameda billions of dollars in clients’ money without their knowledge or permission. The crisis at FTX was triggered when customers rushed to withdraw their funds but the company couldn’t pay out.

Bankman-Fried, 30, lived in a $40 million penthouse in the Bahamas, a tax haven, with Ellison in a 10-person ‘polycule’ made up his inner circle of FTX and Alameda executives.

He made his latest string of sensational comments in a car crash interview with Vox reporter Kelsey Piper.

Since the company’s dramatic collapse, questions have also arisen as to why U.S. Securities and Exchange chairman Gary Gensler did not pick up on what was happening at FTX despite several signs that things were wrong or, at a minimum, not adding up. Gensler himself has been critical of the crypto industry, comparing it to the “wild west.”

Other questions surrounding the monumental collapse of this company include, per the Daily Mail:


“Congress demanded to know how SEC chair Gary Gensler’s agency missed signs FTX was about to fall”
“Celebrities who endorsed the platform were hit by a lawsuit which says consumers are owed $11 billion”
“The FBI was planning to extradite Bankman-Fried from the Bahamas over the collapse of FTX”


Before the company’s collapse, Bankman used his assumed wealth to schmooz regulators (including Gensler) and politicians, though he mostly showered Democrats with cash since leftists control the bulk of the federal bureaucracy. But in an interview with Vox (https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy), Bankman-Fried said “f**k regulators” whom he accused of making “everything worse.”

The outlet’s Kelsey Piper told Bankman-Fried: “You were really good at talking about ethics for someone who kind of saw it all as a game with winners and losers.”

“Ya, I had to be, it’s what reputations are made of, to some extent,” the disgraced crypto fraudster responded. “I feel bad for those who get f***** by it, by this dumb game we woke Westerners play where we say all the right shibboleths , and so everyone likes us.”

Shibboleth is a term that generally associates with ‘shared beliefs.’

There is a growing chorus calling for Bankman-Fried to be extradited to the United States so he can possibly face charges for illegal financial activities between FTX and Alameda Research, such as the former ‘loaning’ the latter customers’ money.

In the meantime, Bankman-Fried revealed what he has to do, and quickly, after filing for bankruptcy (https://www.corruption.news/).

“I have two weeks to raise $8 billion, that’s basically all that matters for the rest of my life,” he said.

[ExomatrixTV]

CBDCs | Central Bank Digital Currencies | "If You Listen to the Central Bankers They Try As Hard As They Can to Stay Away from These Conversations." - Catherine Austin Fitts (https://rumble.com/search/video?q=Catherine%20Austin%20Fitts)

https://sp.rmbl.ws/s8/2/2/s/y/U/2syUg.gaa.mp4


source (https://rumble.com/v1v65km-cbdcs-central-bank-digital-currencies-.html)

related issue?


They Don't Want Money, They Want Your Kids

https://sp.rmbl.ws/s8/2/h/K/Y/l/hKYlf.gaa.mp4


source (https://rumble.com/v1fs7pj-warning-globalist-plan-to-take-your-kids-revealed.html)

[ExomatrixTV]

Biggest Twist Yet in FTX Scandal:

abGz4tXkS1E

[ramus]

This...... on how Sam Banjman-Fried was raised ...

https://100percentfedup.com/bill-maher-slams-woke-academic-institutions-there-is-a-rot-and-it-comes-from-academia-video/

On Friday’s segment of Real Time with Bill Maher, host Bill Maher slammed the left-wing, woke academia for creating a “rot” that is filtering down to America’s youth.

Maher was discussing the recent FTX crypto scandal when he made the comment that FTX CEO Sam Bankman-Fried was “raised wrong” by his mother, who is a law professor at Stanford University.

Bankman-Fried’s mother, Barbara Fried, wrote an essay in 2013 titled ‘Beyond Blame,’ in which she argues that “The philosophy of personal responsibility has ruined criminal justice and economic policy. It’s time to move past blame.”

Maher expressed his strong disagreement with Fried’s perspective on personal responsibility. “Is it really time?” Maher asked. “Personal responsibility is bad and blame, that’s a thing of the past? No wonder [Sam Bankman-Fried’s] a f***ing crook, you were raised wrong. You were raised wrong, a**hole.”

Maher was joined by social psychologist Johnathan Haidt, co-author of the book ‘The Coddling of the American Mind.’ Haidt commented on the idea of groupthink and how polarized groups are playing a major role in the destabilization of countries around the world.

Haidt explained the dangers of groupthink, saying, “The more you hate the other side, the more you can justify anything because ‘they’re an existential threat to the country.'”

The two of them then went on to discuss the way this kind of thought is impacting American society as a whole, primarily focusing on the damage being done by its very polarized, left-leaning academic establishments.

And you get Onion headlines for policy

Here is a quote from Sam B. F. : mom programed him right

Bankman-Fried is on record stating if one mouths the right empty shibboleths, one can do whatever one wants – he should know. Where people have less freedom they risk imprisonment, torture, invasion, and death in making gestures about it – and because it isn’t on TikTok (which the FBI says should be banned in the US) or Twitter (which US/European liberals say should be banned in the US/Europe), it’s as if it didn’t happen. ....

[ramus]

His mom must be proud: that's right she is in that house he bought her.

https://www.zerohedge.com/markets/sbf-issues-another-rambling-apology-and-description-what-happened-comes-disturbed-sociopath

He just can't help himself: disgraced sociopath, record-breaking fraudster and prolific Democratic donor - not necessarily in that order - Sam Bankman-Fried, has issued another apology to his staff in a letter that outlined a crash in “collateral” to less than $9 billion from $60 billion.

I didn't mean for any of this to happen, and I would give anything to be able to go back and do things over again. You were my family. I've lost that, and our old home is an empty warehouse of monitors. When I turn around, there's no one left to talk to. I disappointed all of you, and when things broke down I failed to communicate. I froze up in the face of pressure and leaks and the Binance LOI and said nothing. I lost track of the most important things in the commotion of company growth. I care deeply about you all, and you were my family, and I'm sorry.

[norman]

Unlimited Hangout with Whitney Webb - The Network Behind FTX with Marty Bent & Michael Krieger (https://podbay.fm/p/unlimited-hangout-with-whitney-webb/e/1669225745)
1 hour 52 minutes - Posted Nov 23, 2022

SHOW NOTES
Mary Bent and Mike Krieger join Whitney to unravel the network behind the meteoric rise of Sam Bankman-Fried and FTX and what was actually going on at the company. The discussion goes far beyond the obvious fraud at FTX and looks at the networks that brought Bankman-Fried to power and were using him as a front for a dangerous agenda.

Originally published 11/22/22.


https://unlimitedhangout.com/wp-content/uploads/2021/05/test-1.jpg

[shaberon]

This character is redolent of Capitalism.


The thin veneer of civilization is a convenient lie for:


"I get money, then I get more money with whatever illegal or immoral activity I want".


Cf. J. Rockefeller "competition is a sin", H. Ford "there would be a revolution by morning", J. Gould "I can pay half the working class to kill the other half".


All the same. Their power structure is legally-enabled, and should not be. Perhaps this may help shed light on Capitalism as the "collective west", the root forces that drive it, apparently straight to Hell. The type of government almost does not matter. This does, because it will rot any government...and mind, life, etc., pretty much anything it comes into contact with.

[norman]

If you are overwhelmed by the complexity of this FTX story and need a simplified run through of what we know so far that explains what's what quite brilliantly, Charlie Robinson is probably your man.

He wrote a book called "The Octopus of Global Control" a while back and that was a very easy to read book ( so I hear, I didn't read it ) that gave the whole shebang a lot of understandabilty for normal folks who don't 'DO' conspiracy theories.

Charlie Robinson - 284 - The Crypto Manson Family (https://podbay.fm/p/macroaggressions/e/1669179600?t=580)
1 hour 27 minutes Posted Nov 23, 2022

There's a lot of podcast housekeeping for the first 10 minutes, but this link should start at the point where he gets going in to it.

[Satori]

Unlimited Hangout with Whitney Webb - The Network Behind FTX with Marty Bent & Michael Krieger (https://podbay.fm/p/unlimited-hangout-with-whitney-webb/e/1669225745)
1 hour 52 minutes - Posted Nov 23, 2022

SHOW NOTES
Mary Bent and Mike Krieger join Whitney to unravel the network behind the meteoric rise of Sam Bankman-Fried and FTX and what was actually going on at the company. The discussion goes far beyond the obvious fraud at FTX and looks at the networks that brought Bankman-Fried to power and were using him as a front for a dangerous agenda.

Originally published 11/22/22.


https://unlimitedhangout.com/wp-content/uploads/2021/05/test-1.jpg

I highly recommend listening to this conversation. Very informative and raises many important questions about what we are experiencing.

Thanks for posting, Norman.

[mountain_jim]

https://media.gab.com/system/media_attachments/files/121/167/820/original/371c3802d39799da.jpeg

[Satori]

If what Whitney Webb and her guests report in the “Unlimited Hangout” video above is true, Musk is in bed with FTX and Bankman-Fried, et al. Musk is by no means the focus of the video, FTX and the crypto world is, but Musk looms prominent in that world.

Check out “Efficient Altruism.”

[norman]

If what Whitney Webb and her guests report in the “Unlimited Hangout” video above is true, Musk is in bed with FTX and Bankman-Fried, et al. Musk is by no means the focus of the video, FTX and the crypto world is, but Musk looms prominent in that world.

Check out “Efficient Altruism.”

yea. Another term we should be more conscious of than we are so far is, "Stakeholder" ( as when used with 'Capitalism').

It's looking more and more like a code word for "one of us crooked bastards who are intent on taking over the world with our crooked money".

And, in their minds, the flip side of "useless eaters".


edit to add:

A very key fact in my mind is that the guy who pulled the trigger of crashing FTX is Chinese, the CEO of Binance. He sold all his holdings in FTX then went public with why he didn't trust FTX, that started the 'bank-run' that crashed it.

I have a pair of mind boggling scenarios contesting with each other about what significance that fact really has in this.

A few days ago, Klaus Schwab turned up on Chinese national television sweet talking about how China is a role model for many other countries etc etc. I ask myself, seriously, why, really, did Schwab go to China on that trip. I'm reminded of the story about Biden threatening to not hand over a billion dollars if the head fraud investigator in Ukraine wasn't immediately fired.

AFyFLcavOJ4

[ramus]

Here is Sam Bankman-Fiied's. mother's (Barbara H. Fried) essay. You can't say your parents don't have a lot of influence on you.

Mom's essay "Beyond Blame" 2013

https://www.bostonreview.net/forum/barbara-fried-beyond-blame-moral-responsibility-philosophy-law/

[norman]

https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/ELKRJVHMI4I6TIZJON4PX6Q3MM.jpg

Who is WEF young global leader Helen Hai ? and other stories

this website doesn't allow copy and paste
https://theamericanreport.org/2022/11/19/china-pay-day-ftx-early-investor-binance-linked-to-ccp-klaus-schwabs-wef-un-sounds-like-a-pump-and-dump-for-dems-and-ccp/


IPlH4CwGjCM

-XfHNpAFQ88

[Satori]

Here is Sam Bankman-Fiied's. mothers (Barbara H. Fried) essay. You can't say your parents don't have a lot of influence on you.

Mom's essay "Beyond Blame" 2013

https://www.bostonreview.net/forum/barbara-fried-beyond-blame-moral-responsibility-philosophy-law/

The author seems to promote moral, ethical and legal relativism. Not surprising coming from a Stanford law professor. I wonder if she finds her son beyond blame. I bet she does.

[ramus]

This is what were seeing in many forms,..... Criminal Bond not needed .. if not disband the police, defund them ... critical race theory ...teaching gender identity .. at 5 yrs

bombarded with GAY everything . Here are some real stats on things

These are questions asked to American public


* What percentage of the country is black? Answers 41%...
Actual 12%. If you watch commercials, you will think it is 90%.

* What percentage of marriages are mixed race? Answer 50%..
Actual 1%. If you watch commercials, you will think it is 90%.

* What percentage is "Latino"? Answers 39%... The actual numbers are 17%.

* How many families make over $500,000 a year? Answers 26%... The actual figure is 1%. We think a quarter of the country is rich.

* What percent of Americans are vegetarians? Response? 30%… Actual 5%.

* What percent of Americans live in NY city? Answers? 30%... Actual 3%. 

* What percentage of Americans are 'transgender? 22%... Actual number 1%

* What percentage of your fellow citizens are Gay? Result? 30%... Actual 3%

So why do people have such inaccurate thoughts on these counts?

THE MEDIA!

The media run race, gender, and wealth stories constantly. 

Result? You are being brainwashed by the national left with the media. 

[ExomatrixTV]

this website doesn't allow copy and paste


China Pay Day: FTX Early Investor Binance Linked To CCP, Klaus Schwab’s WEF, UN; Sounds Like A Pump And Dump For Dems And CCP

November 19, 2022

https://theamericanreport.org/wp-content/uploads/2022/11/BINANCE-FTX-CCP-WEF-THE-AMERICAN-REPORT-1280-604x270.jpg
By Mary Fanning and Alan Jones | November 19, 2022


Updated | November 20, 2022 with additional reporting that connects Samuel Bankman-Fried to The World Economic Forum

Bankrupt cryptocurrency exchange FTX’s “early investor” Binance, the world’s largest cryptocurrency exchange, is deeply connected to the Chinese communist party (CCP), Klaus Schwab’s World Economic Forum (WEF), and the United Nations (UN).

The doomed FTX empire that was founded by disgraced FTX CEO Samuel Bankman-Fried, the Democrat party’s second largest donor behind George Soros, was built upon an early investment from Binance. Binance is deeply connected to the CPP, the WEF, and the UN.

“The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020,” the New York Post (https://nypost.com/2022/11/14/sam-bankman-fried-broke-crypto-bank-for-dems/) reported.

According to CNBC, Binance was one of FTX’s first investors. “As one of FTX’s first investors, Binance knew the company well,” CNBC wrote (https://www.cnbc.com/2022/11/17/binance-executive-compares-sam-bankman-fried-to-holmes-and-madoff.html) on November 17, 2022.

Therefore, the CCP and WEF-connected Binance cryptocurrency exchange enabled the establishment of the massive Bahamas-based FTX slush fund that bankrolled the Democrats’ fraudulent 2022 election operation. The Democrat’s FTX-funded 2020 election scheme, which was connected to the CCP and WEF via FTX early investor Binance, placed Joe Biden, the father of Hunter Biden (https://theamericanreport.org/2022/10/10/he-who-owns-the-light-bulb-implements-communism-perestroika-deception-finale-laptop-from-hell-hunter-biden-brokering-energy-deals-russia-china-met-xi-later-met-rostec-ceo-exports-club-k-gulftainer/), into the White House.

The Binance FTX global conspiracy is just another avenue by which China’s CCP was able to control U.S. elections, much in the same way that China, during the 2020 election, was able to use source code from HAMMER and SCORECARD to place the CCP’s preferred candidate Joe Biden into the White House.

Hunter Biden is a well-known CCP espionage services-connected globe-trotting operative who met with Xi Jinping and KGB veteran Russian oligarchs in an effort to corner the global energy market on behalf of China and Russia.

https://theamericanreport.org/wp-content/uploads/2022/11/HUNTER-BIDEN-AND-JOE-BIDEN-CHINA-640x400.jpg


Most disturbing is the fact that at the center of Binance’s global crypto exchange syndicate is a Chinese-born, British-based CCP operative named Helen Hai.

https://theamericanreport.org/wp-content/uploads/2022/11/BINANCE-VP-HELN-HAI-640x357.png

Helen Hai was “born in Changchun, Jilin province, in 1978,” according to Chinese state-run media outlet China Daily (https://web.archive.org/web/20140716072655/https://www.chinadaily.com.cn/life/2014-03/03/content_17318757.htm).

Helen Hai “was educated on a Beijing scholarship in the UK,” according to the Financial Times (https://www.ft.com/content/37011562-cc6d-11e2-9cf7-00144feab7de).

Helen Hai, who formerly holds the title of Binance Vice President, oversees such a wide swath of Binance’s global operations, that the argument can be made that it is Hai, and not Binance’s CEO, Sino-Canadian entrepreneur Changpeng ‘CZ’ Zhao, who is calling the shots at Binance.
Either way, both Hai and Zhao appear to work for the CCP.

China’s ‘unrestricted warfare’ doctrine includes (https://theamericanreport.org/2021/12/12/china-launches-world-war-iii-low-intensity-conflict-unrestricted-warfare-underway-in-us-sars-cov-2-is-an-unrestricted-bioweapon/) economic warfare, in addition to lawfare, network warfare (financial, transportation, communication, power grid), technological warfare, terrorism, biological warfare, information warfare (propaganda), cyberwarfare, and election cyberwarfare.

The extensive list of Binance executive appointments held by Helen Hai include the Senior Vice President of Binance, Binance Head of Global Fiat Exchange, Binance Head of Africa (until September 2022), and Binance Head of NFT & Fan Token (until October 2022). Additionally, Hai previously held the positions of Binance Head of Europe and UK and Binance Head for M&A.

Hai earned an executive MBA from Xi Jinping’s alma mater Tsingua University, where President Barack Hussein Obama’s former ‘Depopulation’ Science Tsar John P. Holdren was appointed Distinguished Visiting Professor (https://theamericanreport.org/2021/06/18/obama-biden-science-czar-holdren-was-appointed-professor-at-beijings-tsinghua-university-xi-jinpings-alma-mater-and-site-of-eight-chinese-defense-labs-seven-months-before-covid-19/). Holdren advised the US government to lift the ban on gain of function research (https://theamericanreport.org/2021/06/14/covid-19-11-days-before-trump-took-office-obama-biden-white-house-depopulation-science-czar-holdren-advised-lifting-gain-of-function-research-ban-trump-kept-in-the-dark/) eleven days before President Trump’s inauguration.


Enter Klaus Schwab’s WEF

Helen Hai was a World Economic Forum (WEF) Young Global Leader, and the World Economic Forum Co-chair of Future council of Consumption, according to Hai’s LinkedIn profile (https://uk.linkedin.com/in/helen-hai-754a467).

“Linda Fried, the aunt of Bankman-Fried, is the dean of Columbia University’s Mailman School of Public Health and a co-chair (https://www.weforum.org/people/linda-p-fried) of the World Economic Forum’s Global Future Council on the Future of Human Enhancement,” The Daily Wire (https://12ft.io/proxy?q=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Fmother-of-disgraced-crypto-billionaire-sam-bankman-fried-is-a-democratic-fundraiser-who-once-wrote-essay-blasting-personal-responsibility) reported on November 18, 2022.

https://theamericanreport.org/wp-content/uploads/2022/11/LINDA-P-FRIED-WORLD-ECONOMIC-FORUM-THE-AMERICAN-REPORT-1280-640x516.jpg


The New York Post (https://nypost.com/2022/11/14/how-world-economic-forum-others-are-hiding-past-ties-with-ftx/) reported:

Web archive sites (https://web.archive.org/web/20220613111008/https://www.weforum.org/organizations/ftx) show that the World Economic Forum — whose glitzy shindig in Davos, Switzerland, is a must-attend for billionaires and world leaders each year — had previously listed FTX as one of its “partners,” touting the Bahamas-based firm as a “cryptocurrency exchange built by traders, for traders.”

Bankman-Fried also was a speaker at Davos last May (https://www.cnbcevents.com/wef2022/) alongside luminaries such as Google financial chief Ruth Porat and Bill Winters, CEO of the London-based financial giant Standard Chartered. Nevertheless, WEF has since scrubbed any mention of FTX from its website in the days after the crypto exchange filed for bankruptcy.


Enter China, Via The United Nations

Helen Hai is also the “Goodwill Ambassador, United Nations Industrial Development Organization (UNIDO), Shanghai,” according to the World Economic Forum (https://www3.weforum.org/docs/Media/AF15/AF15_Programme.pdf).

https://theamericanreport.org/wp-content/uploads/2022/11/HELEN-HAI-WORLD-ECONOMIC-FORUM-640x201.png
A video featuring Hai further confirms that the Binance VP is a Goodwill Ambassador, United Nations Industrial Development Organization (UNIDO), Chief Executive Officer, Made in Africa, China.


https://theamericanreport.org/wp-content/uploads/2022/11/HELEN-HAI-UNIDO-640x359.jpg

According to the Financial Times (https://www.ft.com/content/37011562-cc6d-11e2-9cf7-00144feab7de) and the Daily Mail, Helen Hai previously operated and acted as CEO of a massive CCP-backed Chinese-owned shoe factory in Africa that exploited local cheap labor in Ethiopia.


According to the Financial Times (https://www.ft.com/content/37011562-cc6d-11e2-9cf7-00144feab7de), Hai was:

Head of overseas investment for Huajian and CEO of the Chinese shoe factory in Ethiopia… Huajian has also signed an agreement with the China Africa Development Fund, a private equity fund owned by [the Chinese government-owned] China Development Bank, to invest jointly $2bn over 10 years in developing manufacturing clusters focused on shoemaking in Ethiopia, Ms Hai told the Financial Times. This has potential, she said, to create 100,000 jobs.

“Hai, who is married to a successful Chinese financier and used to run a shoe factory in Ethiopia, has bragged in interviews about her wealth,” the Daily Mail (https://www.dailymail.co.uk/news/article-5187271/The-300-000-Chinese-takeaway-pay-for.html) reported. ‘If I stop working, I don’t need to worry about money,’ she told the state-run China Daily.”

Binance VP And WEF Global Leader Helen Hai Says FTX “Early Investor” Binance Is “Trying to shape the Fourth Industrial Revolution”; Klaus Schwab Authored A Book Titled “The Fourth Industrial Revolution”; China Is Attempting To Lead The Fourth Industrial Revolution, Attempting To Destroy The United States


Helen Hai stated during a Binance video commemorating Binance’s five year anniversary:

I think the fifth year of Binance is a huge, I would say, inspiration, leadership, because it’s a successful example of what happened in the industry. We never believed Binance will grow unntil today what Binance first started. But then the industry has been growing so fast, and the industry right now I would say is moving from success to significant, really impacting the daily economy in the way we live, the way we interreact, and the way we are going to transfer values. For example, it’s going to, in my opinion, it’s going to be the technological renaissance for art and inspirations. For Binance, I would say, we have been keep doing as the industry shaper, trying to shape the Fourth Industrial Revolution. And we look forward to work with all of our users and all the people who believed in the technology, using the technology to make the world a better place.

“China is serious, focused and disciplined in its campaign to lead the Fourth Industrial Revolution,” Asia Times reported in an October 8, 2021 article titled “China marches on towards Fourth Industrial Revolution: Pundit predictions of China’s demise are the latest self-consoling illusions of a lazy elite who can’t see the AI writing on the wall (https://asiatimes.com/2021/10/china-marches-on-towards-fourth-industrial-revolution/).”
WEF Founder Klaus Schwab authored a book titled “The Fourth Industrial Revolution.”

https://theamericanreport.org/wp-content/uploads/2022/11/THE-FOURTH-INDUSTRIAL-REVOLUTION-KLAUS-SCHWAB.jpg


‘Master Plan’: Binance CEO CZ Quoted Sun Tzu “In The Midst Of Chaos, There Is Also Opportunity”

Crypto media platform Blockworks wrote in a November 10, 2022 article titled “Did CZ Really Have Any Intention of Buying FTX? (https://blockworks.co/news/did-cz-really-have-any-intention-of-buying-ftx)”:
So we’re left with a hypothesis.

Despite his denial that Binance had any kind of ‘master plan’ going into this public feud, we might reasonably imagine that the exact opposite is true. And that perhaps CZ intended to decimate his rival, to utterly defeat him in such a way that there could never be any comeback for the one-time wunderkind of crypto.

And perhaps rather than merely speculate, we can examine the actions, not just the words, of a man who tweeted (https://twitter.com/cz_binance/status/1538555154508746754?s=20&t=MG8iDNZ0HmeNreJMGQcJtA) a Sun Tzu quote in June of 2022: “In the midst of chaos, there is also opportunity.”

https://theamericanreport.org/wp-content/uploads/2022/11/CZ-BINANCE-SUN-TZU.png


Binance’s Early Investment And Early Exit From FTX Before SBF’s Scam Crypto Exchange FTX Imploded

Decrypt’s Adriana Hamacher reported in a July 22, 2022 article titled “Sam Bankman-Fried: Why I Bought Back Binance’s Shares in FTX (https://decrypt.co/76584/ftx-ceo-sam-bankman-fried-why-bought-out-binance-investment-shares-exit)”:
Binance, the world’s largest crypto exchange by volume, was an early investor in crypto exchange FTX, which 29-year-old Sam Bankman-Fried founded in 2019. This week, the investment relationship suddenly ended. In an extensive interview with Decrypt, Bankman-Fried discussed why.

“We recently repurchased shares from Binance to buy them out of our cap table,” Bankman-Fried said. “I think it just makes sense given the role that our businesses are playing in the space. It can also give us more flexibility going forward”…

Bankman-Fried says he and CZ “had a cordial conversation” about parting ways, and that both “had been expecting it would go in that direction for a little while, and now seems like a decent time to just go ahead and get it done. And obviously they did quite well on the investment as well, so I certainly think it’s been a win for them.”

The initial investment and the exit sum are not being disclosed. But FTX was worth only $1.2 billion (https://pitchbook.com/profiles/company/277738-75) barely a year ago, and is now worth $18 billion—a 1,400% increase.

Four months later, Binance dumped its FTT holdings.
Fortune (https://fortune.com/crypto/2022/11/14/binance-cz-says-did-not-short-ftx-crypto-token-ftt/) reported on November 24, 2022:

Binance’s decision to sell FTT is part of what ignited the whole crisis. Last week, a public Twitter feud (https://fortune.com/crypto/2022/11/07/a-new-twitter-fight-previews-coming-battle-between-ftx-and-binance/) between CZ and SBF ended with CZ dumping Binance’s holdings of FTT, worth around $500 million (https://decrypt.co/113674/binance-moves-to-liquidate-its-entire-position-in-ftx-tokens)…From the rubble, CZ has emerged as a clear winner (https://fortune.com/crypto/2022/11/09/the-winners-and-losers-from-the-ftx-assassination/), as his company Binance stands to gain the most from FTX’s collapse.


CZ Claims That “Binance never shorted FTT”; How Trustworthy Is CZ?


CZ claimed on Twitter (https://twitter.com/cz_binance/status/1592007106806390784) that “Binance never shorted FTT”, but can CZ be trusted to tell the truth?

https://theamericanreport.org/wp-content/uploads/2022/11/CZ-BINANCE-TWEET-BINANCE-NEVER-SHORTED-FTT.png

After all, Binance CEO CZ is a student of Sun Tzu.


source (https://theamericanreport.org/2022/11/19/china-pay-day-ftx-early-investor-binance-linked-to-ccp-klaus-schwabs-wef-un-sounds-like-a-pump-and-dump-for-dems-and-ccp/)


this website doesn't allow copy and paste


Norman ... do you want know how I did it? :cool:

[ExomatrixTV]

this website doesn't allow copy and paste

If you can not "mark-copy-paste" parts of any site ... you can always bypass "hidden" scripts embedded in some sites preventing "mark copy pasting" by looking at the source of the html code (Ctrl+U in Mozilla Firefox) >> then mark copy paste source text of the html in a new empty notebook >> mark in the notebook parts that has nothing to do with the content ... up to where the content starts then remove the first part of the html source code ...


When done: save the left over notebook content as: "filename.html".

Then open that newcreated.html file (with no sabotaging scripts) >>> finally you can mark copy paste whatever you want :)

cheers,
John 🦜🦋🌳

[norman]

1596616667202695168

[Helvetic]

Whitney Webb | The Network Behind FTX with Marty Bent and Michael Krieger

Source: unlimitedhangout.com (https://unlimitedhangout.com/2022/11/resources/show-notes/the-network-behind-ftx-with-marty-bent-and-michael-krieger/)

H59mZKkTPRDi

Mary Bent and Mike Krieger join Whitney to unravel the network behind the meteoric rise of Sam Bankman-Fried and FTX and what was actually going on at the company. The discussion goes far beyond the obvious fraud at FTX and looks at the networks that brought Bankman-Fried to power and were using him as a front for a dangerous agenda. Originally published 11/22/22.

Show Notes:
unlimitedhangout.com (https://unlimitedhangout.com/2022/11/resources/show-notes/the-network-behind-ftx-with-marty-bent-and-michael-krieger)

[norman]

Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
CNBC - MON, NOV 28 2022

https://www.cnbc.com/2022/11/28/blockfi-files-for-bankruptcy-as-ftx-fallout-spreads.html


Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX.

In the filing, the company indicated that it had more than 100,000 creditors, with liabilities and assets ranging from $1 billion to $10 billion. The company also listed an outstanding $275 million loan to FTX US, the American arm of Sam Bankman-Fried’s now-bankrupt empire.

A BlockFi subsidiary also moved for bankruptcy in Bermuda concurrently with the American filing.

Bermuda, like the Bahamas, has embraced crypto as the future of finance. Both established frameworks to deal specifically with crypto assets and digital currencies. Both the Bahamas, with FTX’s bankruptcy, and now Bermuda, with BlockFi’s, face the first significant legal tests of their crypto regulations.

BlockFi’s bankruptcy filing shows that the company’s largest disclosed client has a balance of nearly $28 million.

“BlockFi looks forward to a transparent process that achieves the best outcome for all clients and other stakeholders,” Berkeley Research Group’s Mark Renzi said in a press statement (https://www.businesswire.com/news/home/20221128005451/en/). BRG serves as BlockFi’s financial advisor.

The crypto company, which offers a trading exchange and interest-bearing custodial service for cryptocurrencies, was one of many firms to face serious liquidity issues after the implosion of Three Arrows Capital.

The Jersey City, New Jersey-based company had already halted withdrawals of customer deposits and admitted that it had “significant exposure” to the now-bankrupt crypto exchange FTX and its sister trading house, Alameda Research.

“We do have significant exposure to FTX and associated corporate entities that encompasses obligations owed to us by Alameda, assets held at FTX.com, and undrawn amounts from our credit line with FTX.US,” BlockFi previously said (https://www.reuters.com/technology/crypto-lender-blockfi-says-it-has-significant-exposure-ftx-2022-11-14/).

The company started talking with restructuring professionals in the days after FTX’s bankruptcy filing, according to people familiar with the matter.

A representative from BlockFi did not immediately respond to requests for comment.

BlockFi — which was last valued at $4.8 billion, according to PitchBook — is among many crypto firms feeling the pressure of FTX’s collapse. In July, FTX swooped in to help BlockFi stave off bankruptcy by extending a $400 million revolving credit facility (https://www.cnbc.com/2022/07/01/ftx-signs-a-deal-giving-it-the-option-to-buy-crypto-lender-blockfi-.html) and offering to potentially buy the beleaguered lender.

Sam Bankman-Fried’s cryptocurrency exchange FTX filed for Chapter 11 bankruptcy protection (https://www.cnbc.com/2022/11/11/sam-bankman-frieds-cryptocurrency-exchange-ftx-files-for-bankruptcy.html) in the U.S. on Nov. 11, and the contagion effect across the crypto sector has been swift.

Approximately 130 additional affiliated companies are part of the proceedings, including Alameda Research, Bankman-Fried’s crypto trading firm, and FTX.us, the company’s U.S. subsidiary. FTX’s new CEO John Ray said in a filing (https://www.cnbc.com/2022/11/17/ftx-ceo-shreds-bankman-fried-never-seen-such-a-failure-of-controls-.html) with the Delaware Bankruptcy Court that “in his 40 years of legal and restructuring experience,” he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

Ray formerly served as CEO of Enron after the implosion of the energy titan.

In a matter of days (https://www.cnbc.com/2022/11/11/crypto-peaked-in-nov-2021-investors-lost-more-than-2-trillion-since.html), FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals and rival exchange Binance ripped up its nonbinding agreement (https://www.bing.com/ck/a?!&&p=8d664294f56f0ab5JmltdHM9MTY2ODAzODQwMCZpZ3VpZD0zNDcwMjdjMi0xZjgwLTZhN GYtMWRmNS0zN2M2MWVhNzZiOWYmaW5zaWQ9NTQ0Nw&ptn=3&hsh=3&fclid=3470 27c2-1f80-6a4f-1df5-37c61ea76b9f&psq=cnbc+binance+ftx&u=a1aHR0cHM6Ly93d3cuY25iYy5jb20vMjAyMi8xMS 8wOC9iaW5hbmNlLW9mZmVycy10by1idXktZnR4cy1ub24tdXMtb3BlcmF0aW9ucy10by1maXgtbGlxdWlkaXR5LWNydW5jaC5odG 1s&ntb=1) to buy the company. Gross negligence has since been exposed. Ray added that a “substantial portion” of assets held with FTX may be “missing or stolen.”

FTX has more than 1 million creditors, according to updated bankruptcy filings (https://www.cnbc.com/2022/11/15/ftx-says-could-have-over-1-million-creditors-in-new-bankruptcy-filing.html), hinting at the huge impact of its collapse on crypto traders and other counterparties with ties to Bankman-Fried’s empire.

[ExomatrixTV]

quote:


"Is the FTX Ponzi Scheme Scandal (https://projectavalon.net/forum4/showthread.php?119920-The-Deeply-Troubling-FTX-Facts-and---Coincidences--) used and/or created like a "false flag operation" to PUSH and "justify" much stronger new Orwellian Style Governmental (Global CBDC (https://projectavalon.net/forum4/showthread.php?120026-Biggest-Threat-To-Financial-Freedom-is-CBDC)) "Crypto Currency" Regulations & Laws?

cheers,
John 🦜🦋🌳"

unquote.


source (https://projectavalon.net/forum4/showthread.php?120026-Biggest-Threat-To-Financial-Freedom-is-CBDC&p=1530384&viewfull=1#post1530384)

[ExomatrixTV]

GOP Lawmaker 'Stunned' Sam Bankman-Fried is 'Not in Custody':

1LxKC4DxWLI

[ExomatrixTV]

New Details About FTX CEO Expose Corruption, Weird Drug Parties:

qobI8Rp646k

[norman]

Crypto executive dies in helicopter crash – the third crypto entrepreneur to die unexpectedly over the past few weeks
12/02/2022 / By Ethan Huff

https://www.newstarget.com/2022-12-02-third-crypto-executive-dies-under-mysterious-circumstances.html


https://cdn.newspunch.com/wp-content/uploads/2022/11/Screen-Shot-2022-11-29-at-3.03.48-PM-678x381.png.webp


The world of cryptocurrency is seeing a whole lot of mysterious deaths these days, one of the latest being the unusual crash (https://newspunch.com/third-crypto-entrepreneur-dies-in-mysterious-circumstances-in-last-2-weeks/) of a Russian billionaire crypto entrepreneur’s helicopter near Monaco.

Vyacheslav Taran, 53, died after his helicopter crashed in good weather near the resort town of Villefranche-sur-Mer after taking off from Lausanne in Switzerland. Taran is the third such crypto entrepreneur to die unexpectedly over the past few weeks.

Before Taran’s death, 30-year-old Tiantian Kullander died “in his sleep.” And right before that, 29-year-old Nikolai Mushegian drowned on a Puerto Rico beach not long after tweeting that he feared (https://naturalnews.com/2022-11-02-crypto-developer-dead-exposing-pedophilia-cia-mossad.html) he might be murdered by the Central Intelligence Agency (CIA) and its Israeli counterpart, Mossad.

What is further strange about Taran’s death is that another passenger who was supposed to be on the helicopter canceled at the last minute. That, coupled with the fact that it plunged to the ground in good clear weather strongly suggests foul play.

Taran was the co-founder of trading and investment platform Libertex and Forex Club. His pilot, a 35-year-old man who was also killed, is said to have been very experienced in flying the single-engine H130 helicopter.

A deputy public prosecutor from Nice, France, visited the scene and reported that a third party being involved in the crash cannot be ruled out.

At least five crypto tycoons have died under mysterious circumstances since 2018

In years prior, several other crypto gurus died as well under mysterious circumstances. Their names were Gerald Cotten and Matthew Mellon, both of whom died without sharing the keys to crypto wallets worth hundreds of millions of dollars.

The death of Cotten was so controversial and mysterious that someone produced a documentary on Netflix about it. There is belief among some that the whole thing was faked as part of a bigger crypto scam.

“The odd circumstances surrounding his untimely death also included the fact that he signed a will just nine days before his demise – fueling suspicions that Cotten, CEO of Canada’s largest crypto exchange, faked the whole thing,” reports said.

“To this day, $169 million is missing, prompting investigators and victims to question whether he orchestrated the mystery and pocketed the funds. Some investors have even demanded his body be exhumed to prove it’s really him.”

As for Mellon, the ex-husband of Jimmy Choo co-founder Tamara Mellon, he supposedly suffered from an unexpected heart attack while preparing to check into a drug rehabilitation clinic in Mexico.

If both Cotten and Mellon really died as claimed, then that makes at least five crypto top dogs who are no longer with us since 2018.

Concerning Kullander, he was the co-founder of Amber Group, a crypto trading platform that was recently valued at $3 billion. On November 23, Kullander “unexpectedly died in his sleep,” according to an announcement from the company.

Based in Singapore, the Amber Group called Kullander “instrumental to the founding of Amber and a pillar of our success.” The company did not, however, reveal where Kullander allegedly passed away.

“He put his heart and soul into the company, in every stage of its growth,” a company announcement further stated.

Kullander also used to trade with both Morgan Stanley and Goldman Sachs.

Back to Mellon, the guy once told Forbes that the world of crypto is “scary and dark,” and that it is “anti-America.” He held hundreds of millions of dollars’ worth of Ripple (XRP), which he claimed is “pro-America, pro-business and pro-bank.”

“Something weird has happened to all his crypto money and his family can’t find it,” read a post-death statement from Mellon’s family.

[ExomatrixTV]

The FTX Alameda Scandal Gets Even Worse:

JYlE7WrJgfg

[yuhui]

Hey guys, this is an amazing threat but I feel confused due to my limited financial knowledge.
Can someone please tell me are chinese people (Binance) working against or together with old $ system?

:o


“CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and Caribbean islands,” Mushegian, a developer of blockchain-based decentralized finance platforms who wanted to end global banking corruption, tweeted at 4:57 a.m. “They are going to frame me with a laptop planted by my ex [girlfriend] who was a spy. They will torture me to death.”

https://nypost.com/2022/11/09/drowning-death-of-crypto-visionary-fuels-conspiracy-theories/

[Richter]

Reaction To 3 Crypto Billionaires 'Dying' Under Mysterious Circumstances (6:36)
pnkZPPQkdN0

btw, great financial insiders site: Valuetainment
YouTube video channel:
https://www.youtube.com/@VALUETAINMENT/videos

[Ravenlocke]

https://twitter.com/SputnikInt/status/1600461520793899009
1600461520793899009

https://sputniknews.com/20221207/one-of-asias-biggest-crypto-platforms-firing-staff-to-cut-costs-in-wake-of-ftx-scandal-1105123378.html?utm_source=dlvr.it&utm_medium=twitter

One of Asia's Biggest Crypto Platforms Firing Staff to Cut Costs in Wake of FTX Scandal

The crypto industry is in turmoil amidst the collapse of FTX , soaring inflation and a generally negative economic outlook. Tokens lost $2 trillion in value, leaving companies struggling to survive.



Amber Group, one of Asia`s key crypto platforms, continues to cut cost by firing staff in the wake of turmoil in the industry caused by the bankruptcy of the FTX exchange, American media reported.
In September, Amber declared that it will cut around 10% of jobs due to increased volatility in the global economy. The company planned to stop cutting jobs in November, however an unexpected market slump warranted further cuts all around the globe.
Internet users have been speculating that Amber is on the verge of bankruptcy, but the company insists that it continues “business as usual.”

Amber was founded in 2018 by former Morgan Stanley traders. The trading volume of the platform exceeds $1 trillion with the number of institutional clients amounting to 1,000. Amber previously admitted that less than 10% of its trading capital was stuck in FTX, but senior executives of the company reassured that it doesn`t pose a threat to its core business.
The Crypto industry has been shaken by collapse of FTX, once the second-largest global cryptocurrency trading platform. However, media and investor suspicions that the company may be a financial bubble triggered a surge of withdrawals that reduced the company’s assets from billions to virtually zero.
Currently FTX owes $3.1 billion to 50 of its biggest customers. FTX had around 100,000 creditors, as well as assets and liabilities valued at about $50 billion each, before the crypto-empire filed for bankruptcy protection in the US on November 11.

[Matthew]

Sam Bankman-Fried arrested in the Bahamas.


https://twitter.com/EricMMatheny/status/1602449290403934208
Eric Matheny 🎙, @EricMMatheny
Sam Bankman-Fried arrested.
<img>https://i.postimg.cc/QM5XN19j/image.png

[Satori]

Sam Bankman-Fried arrested in the Bahamas.


https://twitter.com/EricMMatheny/status/1602449290403934208
Eric Matheny 🎙, @EricMMatheny
Sam Bankman-Fried arrested.
<img>https://i.postimg.cc/QM5XN19j/image.png

That’s good, I suppose.

I would sure like the USA and other countries to call for the arrest and prosecution of those responsible for the death or injury of many millions of people exposed to the “Covid 19 disease” and urged, forced, frightened, consoled, and convinced to take experimental “vaccines”. But no. Millions and millions (maybe billions) of lives do not matter. But many billions of dollars does.

Arrest and prosecute the crooks that took money from other crooks. But never arrest or prosecute the criminals that took lives of the innocent.

Sorry for going off topic. But the hypocrisy is too much some times.

[Matthew]

I heard something I don't understand: people have been saying things like "he's been arrested so he can't testify in front of congress tomorrow which would expose the demoncrats" (sic).

Something like this wouldn't surprise me but I haven't been following this story. Does this make sense to anyone?

[Matthew]

I heard something I don't understand: people have been saying things like "he's been arrested so he can't testify in front of congress tomorrow which would expose the demoncrats" (sic).

Something like this wouldn't surprise me but I haven't been following this story. Does this make sense to anyone?

Here's my answer :bigsmile:

FTX Founder Arrested Before Planned Testimony


US Scientists Announce Fusion Energy Breakthrough; FTX Founder Arrested Before Planned Testimony
12/13/22
NTD
1.31M subscribers
728 watching now Started streaming 28 minutes ago

smcQTrKbJcU

EDIT UPDATE: Just another "Deeply Troubling FTX Facts and ‘Coincidences’"

[onawah]

FTX Founder Sam Bankman-Fried Faces Criminal Charges
By Tom Ozimek
December 13, 2022
https://www.theepochtimes.com/ftx-founder-sam-bankman-fried-charged-with-fraud_4920753.html?utm_source=goodeveningnoe&src_src=goodeveningnoe&utm_campaign=gv-2022-12-13&src_cmp=gv-2022-12-13&utm_medium=email&est=vfMDVVu6j7law51%2FO%2BXTIbS%2B0PTkP2HTdvfm8Xb6JJ%2F3V%2F1lnnHffjb0uRA%3D
https://img.theepochtimes.com/assets/uploads/2022/11/24/Samuel-Bankman-Fried-700x420.jpg
Samuel Bankman-Fried, then CEO of FTX, testifies on Capitol Hill in Washington, on Feb. 9, 2022. (Saul Loeb/AFP via Getty Images)

"Sam Bankman-Fried, founder of failed crypto exchange FTX, faces a litany of civil and criminal charges, including conspiracy to commit money laundering and wire fraud.

Following Bankman-Fried’s arrest in the Bahamas on Monday, three U.S. agencies—the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and the U.S. Attorney for the Southern District of New York (SDNY)—have all filed charges.

“Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. government, based on a sealed indictment filed by the SDNY,” U.S. Attorney Damian Williams said in a statement on Twitter late Monday. That indictment has since been unsealed.

Prosecutors have charged Bankman-Fried with eight counts, according to the indictment, including wire fraud, as well as conspiracies to commit wire fraud, commodities fraud, securities fraud, money laundering, and fraud against the United States.

The indictment states that some of Bankman-Fried’s alleged crimes date back to at least 2019, when he allegedly deliberately and knowingly “agreed with others to defraud customers of FTX.com by misappropriating those customers’ deposits and using those deposits to pay expenses and debts of Alameda Research,” FTX’s crypto hedge fund, and used those misappropriated funds to make investments.

The CFTC has charged Bankman-Fried with co-mingling FTX’s customer funds with his companies’ funds in violation of the Commodities Exchange Act.

The Securities and Exchange Commission (SEC) has charged Bankman-Fried with “orchestrating a scheme to defraud investors.”

“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,” SEC Chair Gary Gensler said in a statement.

According to the SEC, Bankman-Fried has been charged with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.

The Epoch Times has reached out to Bankman-Fried with a request for comment, but has not yet received a response.

His attorney, Mark Cohen from Cohen & Gresser, told media outlets that Bankman-Fried is “reviewing the charges with his legal team and considering all of his legal options.”

‘Years-Long Fraud’
The SEC alleged that Bankman-Fried concealed his diversion of FTX customers’ funds to Alameda Research, FTX’s crypto hedge fund, while raising more than $1.8 billion from equity investors, including about $1.1 billion from around 90 investors based in the United States.

While allegedly promoting FTX as a “safe” and “responsible” crypto exchange, he is accused of having “orchestrated a years-long fraud” to hide from FTX investors the diversion of their money to Alameda.

It’s also alleged that Bankman-Fried concealed FTX’s exposure to Alameda’s large holdings of FTX-linked tokens, and he’s also accused of “co-mingling” FTX customers’ funds at Alameda to make “undisclosed venture investments, lavish real estate purchases, and large political donations.”

According to the Center for Responsive Politics, Bankman-Fried gave nearly $40 million mainly to Democrat candidates and liberal organizations during the 2022 election cycle. He also claims he donated to Republicans.

In an interview in May, Bankman-Fried suggested that he would invest “north of $100 million” in the next presidential election and had a “soft ceiling” of $1 billion, although he later backtracked on this statement, calling it a “dumb quote.”

Gurbir Grewal, director of the SEC’s Division of Enforcement, said in a statement that “FTX operated behind a veneer of legitimacy Mr. Bankman-Fried created.”

“But as we allege in our complaint, that veneer wasn’t just thin, it was fraudulent,” he said.

Gensler also sent a message to other crypto platforms, saying in a statement that the fraud allegations against FTX should be seen as a warning to obey the rules.

“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,” Gensler said.

https://img.theepochtimes.com/assets/uploads/2021/11/10/Gary-Gensler--1200x849.jpg
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, on Sept. 14, 2021. (Evelyn Hockstein/Reuters)

Bankman-Fried Arrested
The Bahamas attorney general’s office on Monday announced Bankman-Fried’s arrest, pending extradition to the United States.

Bankman-Fried was taken into custody after the United States notified the Bahamas attorney general’s office that it had filed criminal charges against the former crypto billionaire.

Bahamas Attorney General Sen. Ryan Pinder said that Bankman-Fried had been arrested and detained under the Bahamas Extradition Act.

“At such time as a formal request for extradition is made, the Bahamas intends to process it promptly, pursuant to Bahamian law and its treaty obligations with the United States,” Pinder said in a statement.

Bahamas Prime Minister Philip Davis said that both the Bahamas and the United States want to hold responsible people affiliated with FTX who may have betrayed the public trust and broken the law.

“While the United States is pursuing criminal charges against SBF individually, the Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere,” Davis said, referring to Bankman-Fried as “SBF.”

Pinder stated that the Bahamas would “promptly” extradite Bankman-Fried to the United States once the indictment is unsealed and U.S. officials make a formal request.

http://https://img.theepochtimes.com/assets/uploads/2022/12/09/albany-edit-600x705.jpg
The Albany resort, residence of Sam Bankman-Fried and other FTX and Alameda executives, in Nassau, Bahamas, on Dec. 3, 2022. (Nicholas Ewing/ The Epoch Times)

FTX
Founded in 2019, FTX was one of the world’s largest cryptocurrency exchanges. The firm was valued at $32 billion at its peak, while Bankman-Fried’s net worth was estimated to be $26 billion.

At the height of his success, Bankman-Fried was hailed as a philanthropist and the second-largest individual donor to the Democratic Party, providing about $40 million in the 2022 election. He claims to have contributed “about the same amount” to Republicans confidentially to avoid press scrutiny.


FTX collapsed in November amid a liquidity crisis exacerbated by larger rival Binance’s decision to withdraw from a prospective rescue arrangement.

Traders quickly withdrew billions from the platform, and the business eventually filed for Chapter 11 bankruptcy on Nov. 11. Millions of FTX users lost access to their crypto wallets.

Concerns have been raised about the $1 billion in client cash that appears to have vanished from the bankrupt cryptocurrency exchange.

Bankman-Fried claims to only have $100,000 in his bank account and denies having any “hidden funds.” "

Caden Pearson and Katabella Roberts contributed to this report.

Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.

[mountain_jim]

https://twitter.com/WallStreetSilv/status/1603066534678728721?s=20&t=6Laric52uUhuDWJHYAOIRQ

1603066534678728721

full image

https://pbs.twimg.com/media/Fj88hCaXEAI6yz7?format=jpg&name=medium



https://twitter.com/jsolomonReports/status/1603056740823703553?s=20&t=WMqQiv5rbz1QQU746ntPPQ

1603056740823703553

[mountain_jim]

https://media.gab.com/cdn-cgi/image/width=1050,quality=100,fit=scale-down/system/media_attachments/files/122/712/906/original/f9fb4b8601d28f7d.png

[ExomatrixTV]

Corrupt FTX Gave $18m To Together Trial After Corrupt Ivermectin Trial Arm Showed Negative Result:

Z-lC6If-gWg


The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried (https://brownstone.org/articles/covid-crypto-connection-ftx-and-sbf)
The Deeply Troubling FTX Facts and ‘Coincidences’ (https://projectavalon.net/forum4/showthread.php?119920-The-Deeply-Troubling-FTX-Facts-and---Coincidences--)

[norman]

A quite lengthy article of tabloid pap with lots of pictures

Crypto-crook Sam Bankman-Fried to fly back to New York to face the music TODAY after finally agreeing to extradition from Bahamas
Mail Online - UPDATED: 19:17, 21 December 2022

https://www.dailymail.co.uk/news/article-11562865/Sam-Bankman-Fried-fly-early-today-agreeing-extradition.html


https://i.dailymail.co.uk/1s/2022/12/21/18/65589713-11562865-Sam_Bankman_Fried_pictured_leaving_court_Tuesday_after_being_den-a-23_1671646419548.jpg

[norman]

https://twitter.com/WallStreetSilv/status/1606400026766450688


Apparently 250 million bail turned up !


1606400026766450688


FTX founder Sam Bankman-Fried out on $250M bail

https://www.naturalnews.com/2022-12-23-ftx-sam-bankman-fried-out-on-bail.html




CNBC

FTX’s Gary Wang, Alameda’s Caroline Ellison plead guilty to federal charges, cooperating with prosecutors

https://www.cnbc.com/2022/12/22/ftxs-gary-wang-alamedas-caroline-ellison-plead-guilty-to-federal-charges-cooperating-with-prosecutors.html

[norman]

https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2d26cf2e-c227-4b30-ab75-a163d46761b1_1392x1026.jpeg


https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4eb6baa-6fa6-42ef-8a46-e41b88030e1e_1039x1071.jpeg


https://ivanraiklin.substack.com/p/kevin-mccarthy-part-2-subject-of

[norman]

Sam Bankman-Fried had 4 White House meetings in 2022—as recently as Sept 8
Alex Timothy - Dec 30, 2022

https://thepostmillennial.com/sam-bankman-fried-had-4-white-house-meetings-in-2022-as-recently-as-sept-8


https://mr.cdn.ignitecdn.com/client_assets/thepostmillennial_com/media/picture/63af/07a7/4191/700e/6488/24b5/original_Screen_Shot_2022-12-30_at_11.45.01.jpg?1672415143


Disgraced FTX CEO Sam Bankman-Fried had four separate meetings throughout the year at the White House with Biden officials.

The most recent of these meetings, with senior White House adviser Steve Ricchetti, took place on September 8, around two months before the cryptocurrency mogul's FTX empire began to unravel, Bloomberg (https://www.bloomberg.com/news/articles/2022-12-29/bankman-fried-met-white-house-aides-in-pre-collapse-crypto-push?srnd=premium&leadSource=uverify%20wall) reported.

At least three other meetings took place earlier in the year, two of them also with Ricchetti, on April 22 and May 12, and another with senior Biden aide Bruce Reed on May 13.

His brother, Gabriel Bankman-Fried, is also recorded as having taken a meeting of his own at the White House in March, an indication of how deep the ties were between the now-bankrupt cryptocurrency exchange and the Biden administration.

It is alleged that the meetings were focused on the cryptocurrency industry rather than on politics, although the White House has refused to comment further on the matter.

Bankman-Fried, currently awaiting trial for what prosecutors have described as one of the biggest financial frauds in US history, has donated millions of dollars to the Democrats, and was the party's second-largest individual donor in 2022.

The White House has refused to comment on whether any of this money (https://thepostmillennial.com/disgraced-crypto-bro-sam-bankman-fried-donated-5-2-million-to-bidens-2020-campaign) will be given back, though some individual Democratic groups and candidates have stated that they will return donations (https://thepostmillennial.com/three-major-democratic-campaign-groups-who-received-ftx-donations-promise-to-return-money) they received from the FTX founder.

Bankman-Fried was arrested (https://thepostmillennial.com/breaking-disgraced-ftx-crypto-bro-sam-bankman-fried-arrested-criminal-charges-filed) in the Bahamas earlier this month and has since been extradited to the US. He was released on a $250 million bond (https://thepostmillennial.com/breaking-disgraced-crypto-bro-sbf-released-on-250-million-bail) and is currently under house arrest at his parents' $4 million Palo Alto home.

He is facing securities and wire fraud charges related to the collapse of FTX, which prosecutors have alleged he used as a "personal piggy bank." He has been accused of stealing at least $1.8 billion (https://thepostmillennial.com/class-action-lawsuit-filed-against-ftx-by-customers-hoping-to-recover-diminished-assets) of investors' money (https://thepostmillennial.com/breaking-ftx-founder-sbf-charged-with-multi-year-scheme-to-defraud-investors-by-sec).

If convicted of all charges, he faces a potential 115-year prison sentence. He will be arraigned in a Manhattan court on January 3.

[norman]

This guy tells an intriguing story about all the BITCOIN billionaires who've turned up dead in the last few years, leaving their crypto wealth untraceable ( effectively a secret stash for insiders who know how to get it and put it somewhere they can use it to fund anything dodgy they fancy ).

also, ALL the big leaders in the crypto world, who set the system up, are dead, EVERY ONE OF THEM !

The first 15 minutes of this chat are a bit slack so you might want to skip ahead.

MEL K & JOVAN HUTTON PULITZER | THE DIGITAL PRISON OF THE OBIDEN CBDC PLAN
January 1st, 2023

7uDXTHSUjli3/

[norman]

Sam Bankman-Fried sentenced to 25 years in prison (https://news.sky.com/story/sam-bankman-fried-disgraced-crypto-king-jailed-for-25-years-after-stealing-billions-of-dollars-from-ftx-customers-13103158)

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ikprAxyeczMU/v0/-1x-1.jpg