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SsiSsiSsiSsi t1_j29howv wrote

The US has a long arm when it comes to clawing back stolen funds, make sure you account for every penny of that money, Bahamas.

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greihund t1_j29p41q wrote

I'm sure that absolutely none of that was being used in illegal international transactions or tax evasion and that everybody used proper accounting measures

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RoyalCities t1_j2b75rz wrote

The funds are already being moved.

https://www.reddit.com/r/CryptoCurrency/comments/zyruws/sam_bankman_just_cashed_out_600k_in_violation_of/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

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DFWPunk t1_j2bgps2 wrote

He doesn't have control anymore, allegedly.

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GunpowderLad t1_j2d5ki9 wrote

The funds would not be sent to non-KYC exchanges if it had anything to do with the court.

He either got hacked or is continuing to break the law. My guess is the latter.

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asetniop t1_j29ph7z wrote

U.S. TREASURY AGENT: And how much did you seize?

BAHAMANIAN GOVERNMENT OFFICIAL: About three fiddy...[under his breath]...billion!

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failbotron t1_j2avxrl wrote

Well, it was about that time I begin to get suspicious. I said, "Bahamas, my boy, why do you need tree-fitty?" He said, "My imaginary friend Boo-Boo the dinosaur wants it." So I went to my tax haven's island, and sure enough, there was that damn Loch Ness Monster!

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ShellOilNigeria t1_j29rvs6 wrote

Snowden leaks confirmed the NSA was monitoring the data, including all voice calls, of every citizen in the Bahamas. I'm sure they watched it go down.

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SlimReaper85 t1_j2brfu3 wrote

How do you think his info is still relevant after it all got outed??

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Zombie_Harambe t1_j2cfyj3 wrote

Because if I trust government to do one thing, it's pump shitloads of money in 3 letter agencies

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allanbc t1_j2axpcj wrote

Yeah, I know when I'm transferring billions of dollars in vulnerable digital assets I always make sure to recite all relevant facts over an unsecured phone call, while using an unsecured web connection to do the transfer.

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ShellOilNigeria t1_j2b3prs wrote

What I said means that it includes "all data" even encrypted.

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USFederalReserve t1_j2b6f2m wrote

Capturing encrypted data ≠ decrypting encrypted data

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ShellOilNigeria t1_j2bduxv wrote

Again, I understand that but the vast majority of the population does not use encrypted data and those that do, are probably using something that is backdoored by the NSA like Tor nodes and over the counter software like Windows. Not hard to tie things together. Especially when you have a gigantic budget.

https://theintercept.com/2014/05/19/data-pirates-caribbean-nsa-recording-every-cell-phone-call-bahamas/

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USFederalReserve t1_j2bfpkb wrote

> Again, I understand that but the vast majority of the population does not use encrypted data and those that do,

iMessage is end to end encrypted, among other popular communication software. While metadata and cellular phone calls may be intercepted, I think that's a far cry away "all data".

> and those that do, are probably using something that is backdoored by the NSA like Tor nodes and over the counter software like Windows.

This is a gross oversimplification of the security surface of today. Outside cellular phone calls and SMS messaging, the majority of communication happens with VoIP/internet, which is typically encrypted.

> Not hard to tie things together. Especially when you have a gigantic budget.

It's not hard to tie together because your definitional scopes are too vague IMO.

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ShellOilNigeria t1_j2bkoy0 wrote

The Snowden documents showed that the NSA was penetrating Apple. There is an Israeli company called Cellibrite that can break into iOS products.

Lol @ fucking iMessage

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d36williams t1_j2ci91a wrote

That's a lot of faith in Apple.. I don't think you should carte blanche like that

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allanbc t1_j2czett wrote

Sure, but it's not a crazy assumption that this government agency uses an encryption that the NSA can't just walk past, especially considering they definitely know the NSA will try to look in on it.

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ShellOilNigeria t1_j2ddljz wrote

Lol who do you think the Bahamas is getting their encryption from?!

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allanbc t1_j2f7gub wrote

I would assume not the people who openly said they're spying on them.

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SuperEmosquito t1_j2b8g8e wrote

Don't forget to use emojis regarding approving and disproving the company expense account and you'll fit right in the company culture at FTX.

They'd probably make you CFO.

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DFWPunk t1_j2bgloa wrote

Bahamian officials tried to get paid off with more of his scam coin and only arrested him when he didn't do it, so this is going to get interesting.

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