Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • Users
  • Groups
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse

The New Coffee Room

  1. TNCR
  2. General Discussion
  3. SBF/FTX

SBF/FTX

Scheduled Pinned Locked Moved General Discussion
139 Posts 15 Posters 3.5k Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • J Online
    J Online
    jon-nyc
    wrote on 18 Nov 2022, 13:40 last edited by
    #19

    Another friend, who's had some dealings with SBF, told me that they paid employees and contractors into their FTX accounts, meaning they're all creditors too.

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • H Offline
      H Offline
      Horace
      wrote on 18 Nov 2022, 13:47 last edited by
      #20

      If the company had its own boutique crypto currency which was valued at the most recent transaction price, which in turn was whatever SBF wanted it to be, then I suppose the bubble pop makes sense. But that would be the pop of a bubble that wasn’t inflated with real money to begin with. My question is where did all the real money go? I mean other to Democrats, as SBF tried to climb socially through the high status political ranks of the left.

      Education is extremely important.

      J 1 Reply Last reply 18 Nov 2022, 13:56
      • H Horace
        18 Nov 2022, 13:47

        If the company had its own boutique crypto currency which was valued at the most recent transaction price, which in turn was whatever SBF wanted it to be, then I suppose the bubble pop makes sense. But that would be the pop of a bubble that wasn’t inflated with real money to begin with. My question is where did all the real money go? I mean other to Democrats, as SBF tried to climb socially through the high status political ranks of the left.

        J Online
        J Online
        jon-nyc
        wrote on 18 Nov 2022, 13:56 last edited by
        #21

        @Horace The immediate answer is Alameda but it's still unclear what they were doing with it.

        Also it's unclear when the shady stuff (using customer money) started. Did they do that from the get-go? Or was it an act of desperation over the summer when crypto started to go south that they hoped would be temporary?

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        1 Reply Last reply
        • G Offline
          G Offline
          George K
          wrote on 18 Nov 2022, 19:20 last edited by
          #22

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          1 Reply Last reply
          • J Offline
            J Offline
            Jolly
            wrote on 18 Nov 2022, 20:51 last edited by Jolly
            #23

            The well from which my money cometh.

            Remind me to check my IQ again...

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

            1 Reply Last reply
            • J Online
              J Online
              jon-nyc
              wrote on 18 Nov 2022, 22:23 last edited by jon-nyc
              #24

              Check your IQ again.

              Nobody disputes that he gives lots of money to Dems. It’s the idea that he suddenly, years into the project, decides to charge Ukraine for it that is ridiculous.

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              1 Reply Last reply
              • J Offline
                J Offline
                Jolly
                wrote on 19 Nov 2022, 02:42 last edited by
                #25

                Sure.

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                1 Reply Last reply
                • G Offline
                  G Offline
                  George K
                  wrote on 20 Nov 2022, 22:07 last edited by
                  #26

                  IMG_1488.JPG

                  IMG_1486.JPG

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  T 1 Reply Last reply 21 Nov 2022, 14:42
                  • G George K
                    20 Nov 2022, 22:07

                    IMG_1488.JPG

                    IMG_1486.JPG

                    T Offline
                    T Offline
                    taiwan_girl
                    wrote on 21 Nov 2022, 14:42 last edited by taiwan_girl
                    #27

                    @George-K I was reading that Caroline Ellison's father is the dept head of economics at MIT and her mother is a eon comics professor there. When she (Caroline) was 8 years old, she wrote a economics paper on toy pricing at Toys are Us.

                    She is probably alot of fun at parties!!

                    1 Reply Last reply
                    • T Offline
                      T Offline
                      taiwan_girl
                      wrote on 21 Nov 2022, 14:44 last edited by
                      #28

                      The new CEO is getting paid $1300/hr.

                      (But, it is quite a specialized skill set, so he is probably worth it if he can figure out the USD billions that are floating around).

                      https://fortune.com/2022/11/21/new-ftx-ceo-john-ray-hired-clean-sam-bankman-fried-mess-paid-1300-hour/

                      1 Reply Last reply
                      • J Online
                        J Online
                        jon-nyc
                        wrote on 22 Nov 2022, 17:38 last edited by
                        #29

                        67B1EA0A-D191-4EEA-8D18-83E2DA9B1249.jpeg

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
                        • H Offline
                          H Offline
                          Horace
                          wrote on 22 Nov 2022, 19:10 last edited by
                          #30

                          Under FTX Acquisitions, they missed Democrats.

                          Education is extremely important.

                          1 Reply Last reply
                          • H Offline
                            H Offline
                            Horace
                            wrote on 22 Nov 2022, 19:22 last edited by Horace
                            #31

                            https://www.reuters.com/technology/exclusive-bankman-frieds-ftx-parents-bought-bahamas-property-worth-121-mln-2022-11-22/

                            NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) - Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.

                            Separately, attorneys for FTX said on Tuesday that one of the company's units spent $300 million in the Bahamas buying homes and vacation properties for its senior staff, and that FTX was run as a "personal fiefdom" of Bankman-Fried.

                            Education is extremely important.

                            1 Reply Last reply
                            • G Offline
                              G Offline
                              George K
                              wrote on 26 Nov 2022, 13:25 last edited by
                              #32

                              Screenshot-2022-11-19-at-4.29.49-PM.png

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • H Offline
                                H Offline
                                Horace
                                wrote on 26 Nov 2022, 13:33 last edited by
                                #33

                                What do Bernie Madoff, SBF, and Harvey Weinstein have in common? Their politics.

                                Education is extremely important.

                                1 Reply Last reply
                                • J Online
                                  J Online
                                  jon-nyc
                                  wrote on 30 Nov 2022, 22:21 last edited by
                                  #34

                                  Interesting

                                  Only non-witches get due process.

                                  • Cotton Mather, Salem Massachusetts, 1692
                                  1 Reply Last reply
                                  • J Online
                                    J Online
                                    jon-nyc
                                    wrote on 30 Nov 2022, 22:47 last edited by
                                    #35

                                    Ha. The NY Post buried it in p16 of a piece about his sex life.

                                    I guess Murdoch inc wants to keep the SBF-Democrats narrative in play.

                                    https://nypost.com/2022/11/30/ftxs-sam-bankman-fried-fumed-over-media-spotlight-on-polyamorous-sex-life/?dicbo=v2-047dae0c76df5466b6d98ad07749133e

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    H 1 Reply Last reply 30 Nov 2022, 22:59
                                    • J jon-nyc
                                      30 Nov 2022, 22:47

                                      Ha. The NY Post buried it in p16 of a piece about his sex life.

                                      I guess Murdoch inc wants to keep the SBF-Democrats narrative in play.

                                      https://nypost.com/2022/11/30/ftxs-sam-bankman-fried-fumed-over-media-spotlight-on-polyamorous-sex-life/?dicbo=v2-047dae0c76df5466b6d98ad07749133e

                                      H Offline
                                      H Offline
                                      Horace
                                      wrote on 30 Nov 2022, 22:59 last edited by
                                      #36

                                      @jon-nyc said in SBF/FTX:

                                      Ha. The NY Post buried it in p16 of a piece about his sex life.

                                      I guess Murdoch inc wants to keep the SBF-Democrats narrative in play.

                                      https://nypost.com/2022/11/30/ftxs-sam-bankman-fried-fumed-over-media-spotlight-on-polyamorous-sex-life/?dicbo=v2-047dae0c76df5466b6d98ad07749133e

                                      The narrative, which is still in play, is that soulless opportunists can be counted on to publicly espouse leftism. Obviously.

                                      Education is extremely important.

                                      J 1 Reply Last reply 30 Nov 2022, 23:04
                                      • H Horace
                                        30 Nov 2022, 22:59

                                        @jon-nyc said in SBF/FTX:

                                        Ha. The NY Post buried it in p16 of a piece about his sex life.

                                        I guess Murdoch inc wants to keep the SBF-Democrats narrative in play.

                                        https://nypost.com/2022/11/30/ftxs-sam-bankman-fried-fumed-over-media-spotlight-on-polyamorous-sex-life/?dicbo=v2-047dae0c76df5466b6d98ad07749133e

                                        The narrative, which is still in play, is that soulless opportunists can be counted on to publicly espouse leftism. Obviously.

                                        J Online
                                        J Online
                                        jon-nyc
                                        wrote on 30 Nov 2022, 23:04 last edited by jon-nyc
                                        #37

                                        @Horace obviously not.

                                        You think the guys pushing the Dems->Ukraine->FTX->Dems absurdity want to add the GOP to the lineup?

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        H 1 Reply Last reply 30 Nov 2022, 23:08
                                        • J jon-nyc
                                          30 Nov 2022, 23:04

                                          @Horace obviously not.

                                          You think the guys pushing the Dems->Ukraine->FTX->Dems absurdity want to add the GOP to the lineup?

                                          H Offline
                                          H Offline
                                          Horace
                                          wrote on 30 Nov 2022, 23:08 last edited by
                                          #38

                                          @jon-nyc said in SBF/FTX:

                                          @Horace obviously not.

                                          You think the guys pushing the Dems->Ukraine->FTX->Dems absurdity want to add the GOP to the lineup?

                                          I am sure that theory about money flow does not hold up to scrutiny. It is prominent in your mind because it's an easy win for your tribe, while the more important and meaningful narrative remains intact. SBF sought social advantage, and he did so by publicly siding unequivocally with the Dems.

                                          Education is extremely important.

                                          J 1 Reply Last reply 30 Nov 2022, 23:13
                                          Reply
                                          • Reply as topic
                                          Log in to reply
                                          • Oldest to Newest
                                          • Newest to Oldest
                                          • Most Votes

                                          28/139

                                          21 Nov 2022, 14:44

                                          topic:navigator.unread, 111

                                          • Login

                                          • Don't have an account? Register

                                          • Login or register to search.
                                          28 out of 139
                                          • First post
                                            28/139
                                            Last post
                                          0
                                          • Categories
                                          • Recent
                                          • Tags
                                          • Popular
                                          • Users
                                          • Groups