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Who does he think he is, a Republican government official? He can testify via video link from prison. He was offered a chance to come in on his own. He’ll be found.

Edit: The news as of 20 minutes ago says he’s been snagged. I rest my case on the matter. A lot of people have been downvoting me the last few weeks as I insisted he would not get away with it.

Not to mention that we have people all over the place, including sr government officials, refusing to appear in front of congress when subpoenaed, and they face literally 0 consequences. Sets a great example/precedent.

It must be really cool having no repercussions for your actions.

Someone is afraid of jail.

edit: this aged extremely well

I wish I was rich

Edit: they just arrested his ass in the Bahamas

Edit: here

Must be nice to have Democrat friends I. High places.

It's cute that you're being contrarian, but the Trump cult that tried to take over the government doesn't need a devil's advocate.

Make him spend one week on skid row.

Why refuse? You can lie all day to Congress and they'll just believe you with no ramifications. Just ask Fauci.

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Hang on, wasn't it only this morning when he was going to testify? What happened?

Update: he got arrested. That's apparently what happened. LOL.

What a fucking joker, this guy gets elevated just like Elon too. Cats on here copying his supplement use and shit 🤣 he’s just another bro

He is arrested

Sounds like someone needs a contempt of Congress charge and a comfy jailcell

maybe he had a bad hair day

Then turn him loose to the public. Let a few of the folks whose money he stole have their way with him. I guarantee he'll pick testifying over that.

When you have enough (stolen) money, that's exactly how it works.

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I haven’t been this excited to see someone go down on flames since Elizabeth Holmes. Fuck these tech shysters.

Really?

Well yeah, because he isn’t rich anymore.

Arrest this fucking guy already…

What the actual fuck.

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Do him like Madoff.

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That was quick - looks like he’s been arrested

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Right because it’s just “Democrats” who are corrupt. Fucking moron.

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He was arrested.

Yeah, just got the notification. Now let’s see what happens and how long it takes.

MJF got them mic skills, sbf not so much.

It actually is how subpoenas work. If they wanted to serve him personally in the Bahamas he they would have to do it through the Hague Convention and it would take months. Otherwise they need his lawyers to affirmatively agree to accept service on his behalf.

I thought subpoenas were compulsions, not invitations.

yup

I kinda envision him gettin popped like lundegaard in Fargo

yep

Crypto isn't investing, it's gambling. How much money can you extract through producing trust and hype before pulling out and moving on to the next project (grift). Crypto is designed to allow for circumvention of all the existing rules of finance. Everyone involved knows this. His friends are gone, the moneys gone, poof. I don't give a shit about Sam or any of the people who lost money.

Think they just did!

You see, he is rich.

Problem is, he pissed off a lot of other, far more wealthy people. Individuals who really don't like being screwed over. He's finished.

And now he’s arrested.

Mommy and daddy will protect him.

Ya that’s why they got him. Still. He won’t be treated as bad as all the other inmates. This place is broken.

Calling it now, he dies in custody in the Bahamas tonight.

Once the FTX collapse became unavoidable, about 500 million was transferred from FTX to the government of the Bahamas under very unusual circumstances. He's not making it back to the US.

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If you follow the money, who benefits in that scenario?

Now arrest Ken Griffin and Doug Cifu.

He pissed then off without having a blackbook in his pocket that had dates and names of people invovled in 'certain activities'

What do you think skid row is?

https://nypost.com/wp-content/uploads/sites/2/2019/06/los-angeles-skid-row-homeless-typhoid-1.jpg?quality=75&strip=all

Other hedgies in the us that made donations to juuuust the right politicians….

What's with the swastika pattern in the background

The next generation's Bernie Madoff.

It absolutely is.

Or he stole for the right people and he is going to walk right out the back door like Epstein did and live a life of luxury and anonymity/thought to be dead on an island somewhere

Hope you come back to check on this comment in a few days

Yeah, it means jack shit now. The senate don't mean shit unless they do something about it.

Looks like he finally listened to a lawyer.

They wanted to hear his spiel so bad, they should have scheduled it sometime when he wasn’t busy being extradited and arraigned, and what have you.

Cough citadel cough has assets in bahamas cough ken griffin

He is going to have to change his name to Sam Bankman-Jailed

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They’re Gonna give em the John M treatment. Guards… take 5. Looks like someone’s feelin suicidal….

Sam brokeman-jailed

That nitwit Caroline Ellison must be sweating bullets rn

We'll find out if he's rich. Either all his wealth was in FTX, in which case he is no longer rich, or is isn't, and he might have some money stashed away somewhere. It's gonna be interesting seeing this one play out.

Tech?! Crypto 'aint tech. Crypto is just a grift in tech clothing.

Don't bother, he's been around a year and has like five comments, totaling negative 19 points. This is a real nobody, who apparently gets on for the occasional troll thrill.

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I'm sure he's stashed a boatload of money in offshore accounts and cryptocurrency wallets. I don't think the government will be able to lay its hands on his money.

The government will be able to take most of his money, but I wouldn't be surprised if he has a few million dollars (a tiny portion of his large fortune) hidden away in hard to track crypto-wallets and offshore accounts.

This guy is going down so hard.

He committed the cardinal sin of a rich white guy: He defrauded other rich people.

That's why Elizabeth Holmes is doing 11+ years. Not for defrauding thousand and thousands of patients, but for four counts of defrauding investors.

He should’ve chose a better spot to run than an open ass island chain like the Bahamas. Even if the feds didn’t come snatch his ass some ex intelligence wet teams damn sure would’ve on god. $10Bil ain’t an amount u run off wit and “hide” in the open in the fucking Bahamas like a moron I knew his ass was finished when I saw him admit to fraud in that interview. I bet u it’s gon be a while before they get Caroline.

True, if you piss-off retail traders by naked shorting stocks nothing happens. But if you steal from the 1% ers then you will be punished.

Well yeah … lying in front of congress is a felony

Sam Bankman-Epstein’d

Just read an article by Gasparino that she retained big time Lawyers.

Yup and KenG has been running a nonstop publicity show for several weeks claiming his Company has made big profits even though every other Company is crying about big losses.

Or suicide like Epstein.

The irony. It’s funny cuz the media was portraying Sam like the evil genius and she was caught up in over her head. But we see Sams ass is the 1 acting like a dumb ass deer in headlights and snitching on himself in 4K on a mf interview like an idiot. If I had his kind of $ and his kind of political connections/favors no fuccin way they would’ve found me, much less in the fucking Bahamas 🤦🏾‍♂️🤦🏾‍♂️

Yep. But maybe he wasn't so dumb. All of these interviews were made public....he might have been trying to protect himself from suicide under mysterious circumstances.

Probably snagged so he cant be found or heard from ever again.

DIDNEE WHORLD

Yeah wouldn’t want to end up getting Epsteined or end up like them other 4 crypto bros that crashed their yacht after shooting themselves 2 times in the head or whatever bullshit story they had said. That last 1 was the most obvious.

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1000$ fine and up to a year in prison, only if the senate pursues the contempt citation.

There’s a really good chance he wasn’t just in the Bahamas on vacation.

*were

I wish I were rich. "Unreal conditional clause"

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You really don’t give a shit about families that will wake up on Christmas morning with nothing? All because they were chasing the American dream, a system that allowed such a fucking disaster to happen in the first place?

Designed to allow for circumvention of all the existing rules of finance is a stretch. Often, it is designed to disrupt the entire way we exchange value, so it’s disingenuous to phrase it that way.

The market is incredibly volatile, yes… is that your definition of gambling? Probably. Is that the definition of gambling? No.

I have a feeling you got burned, or missed the boat.

Exactly. Only reason Elizabeth Holmes got convicted is because she defrauded wealthy investors, not because she ruined the lives of many patients.

> Someone is afraid of jail

>> If I was as ugly as he is I would be too

What does being ugly in jail have to do with anything?

It's Garland. He refuses to do anything when people ignore subpoenas

All that gets you is hung.

Throw him in jail. Along with all the scumbag politicians who have made this kind of bullshit the norm.

Weird that he got “arrested” right before he was supposed to testify. It’s almost like he wasn’t reliable like jack and Zuckerborg

What part of gambling do you not understand?

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Wasn't the reason they got him was because he moved the house in the Bahamas to his parent's names? Or is that some other rich fuck?

The Senate has let several members of the executive ignore and lie to them for ages. What's the point?

You can use the crypto market to gamble, sure. And in the same light, the New York stock exchange is the same type of casino. But there are real projects trying to disrupt the entire infrastructure of finance, and coming up with some incredible answers to difficult problems. I support advancement, so I buy some of these coins and tokens because I believe in what they’re doing.

>I have a feeling you got burned, or missed the boat.

Do you not realize this is the exact FOMO gospel crypto bros NEED you to continue to regurgitate? Yeah sure, anyone critical of crypto is either a loser or upset they didn't manage to scam somebody else. I made some money and lost some money just like everybody else, and you know what? I realized at the end of the day it all comes back to USD, you know, the currency people actually respect because there are human beings backing it. Trust. Fuck a trustless system. Why? Because you get this exact scenario over and over and over, with no way to get any of it back... Just trust the code bro, we double checked it!! Meanwhile the people with access to the funds screw everybody over because EVERYONE IN CRYPTO IS IN IT FOR THEMSELVES. Rinse, repeat. WAGMI my ass BRO. Get a real job and create something of actual value instead of stupid jpegs you fucking dweebs lol. How many billions of dollars changing hands daily and for what?

>The market

What market? Jpegs? Its all bullshit bro, youre either a scammer or scammed. Holy shit the entire thing is useless and ret*rded lmaooo. I'll kill myself before I pay for groceries with WhateverthefuckCoin. In GOD we TRUST you damn heathens....

This has been your daily dose of FUD. Thanks for reading.

Y’all see the swatztikas in the background trim of that picture?

I did Nazi that coming

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Oh, the US has an extradition treaty with the Bahamas. Unless he somehow manages to somehow El Chapo the police in the Bahamas, he's unlikely to escape the US justice system.

The only way to get a 'return' on crypto is if someone buys it from you for more than you paid. You can get dividends from stocks.

They are not the same and anyone who says they are is on meth.

The company was headquartered there. If he was trying to evade the US authorities there, it was a pretty dumb move because the Bahamas has an extradition treaty with the US.

It’s “investing” in currency. Though, there isn’t any inherent value-generating process behind what you’re investing in, which is why it’s hard to call it investing.

Does anyone else see the swastikas.

Dude tell me why any of this is necessary? We have currencies. Why would anyone need a different currency for every step of a financial transaction?? So that grimy vampires can suck out value every step of the way. Gas fees, conversion issues, using tons of electricity, all for NOTHING. I've yet to see anything of value actually come from any of these coins. Because people think the coin itself is going to make something cool, I guess? I was a part of what I thought to be the coolest project I could find, Arpeggi Studio. On Chain Digital Audio Workstation, mintable original music. And my experience with those vampires killed every hope I had for crypto. As soon as I showed even a small amount of skill, they jumped on me to make money for THEM. Do work for THEM. Because every crypto bro is either a talentless dweeb or a stoner loser. That's why they dive into all of the 'tech' which is absurdly convoluted by design so that only the people in the know can properly navigate the system.

Bahamas is a huge tax shelter. I’m going to guess he’s been treated with kid gloves so much, he thought he was only going there to avoid taxes.

I had the feeling because you seemed so angry, not because I have a feeling my comment in a Reddit thread is going to spur some fucking price action in a cryptobro rug pull.

This is money you’re talking about. There are people who will take advantage of you whether it’s the current system, or in the waves of a disruption in that system. Anywhere, any time, in any way.

Crypto actually solves that problem eventually, but centralized exchanges have propped crypto up like a crutch to adoption pains.

Jpegs? You really want to start that conversation? Haha. You need to zoom out, friend. These are technologies. Tools people will use to interact, keep records, make agreements, transact, etc.

A problem with “actual human beings backing it (with) trust” occurs when 30% of the currency is printed within a year. It gets pretty difficult to divide trust, if you will. You’re angry about people setting up scams in uncertain times, be angry at crypto if you want I guess. I spent way too much time on this conversation I think

You clearly have no fucking clue what you’re talking about. Dividends are paid out from profits to share holders much like staking crypto, where an asset is held and regularly paid from fees collected by the network.

Why is this even an option that's allowed, "We need you to come in for questioning before one of the highest offices of government in the USA regarding potential federal crimes" "...no, I don't think I will"

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Sometimes it’s currency, sometimes the way that currency works will pay you for staking your assets and rewarding with fees collected from the network. Kind of like saying it’s hard to call “investing” in a credit card company investing.

Of course he would have avoided taxes, there are no taxes on income or capital gains for citizens and residents in the Bahamas. It's not really "kid gloves", everyone gets that treatment there.

Odds are they'll get ahold of his computers, phones, correspondence, and financial records to basically figure out where he stuffed the cash by going through the records.

If it is in a bank account abroad, they can seize it with the proper paperwork and court orders. The reach of the US government is considerable, especially when dealing with people are already incarcerated in US prisons. There are some places that don't play ball with the US, but putting money in those places is a considerable risk.

If he tucked it away in a hard drive or some other form of digital storage, they can probably crack that - either the password is something that is similar to his previous passwords and can be figured out with analysis and time, or has he generated a random character password and stored this password somewhere.

I can see guys who steal tens of millions being able to hide some of it, especially if they worked alone -or at least limited their partners- and have a limited digital trail.

SBF stole billions; enough money to make it worth going through every minute of the last decade of his life with a fine-toothed comb, he worked with a ton of other people who have knowledge on his methods (and are young enough to desperately want to avoid spending decades in prison themselves- so they will testify), and he was basically plugged into one device or another at all times.

It’s necessary because it’s closer to actually becoming a stable way to trade value than the current fiat system, in that it is non-inflationary (how you can’t hear those alarm bells of inflation ringing is beyond me), sometimes deflationary, and decentralized, meaning the tool (the currency) works so efficiently that it needs no central bank or federal reserve.

The project you found sounds really fucking cool when reading the words you wrote about it, but I could see how there would be a confusion between what service you were getting in exchange for what value you were generating or providing. Also, I can see it getting really greedy from non artists preying on artists. That tends to happen no matter what currency you exchange. Lol.

It's not a waste of time to have these discussions. I appreciate you taking the time to respond. I see some sort of value in blockchain but what we're currently doing with it is STUPID. We can't allow ourselves to sink into the metaverse, we need to build shit in our communities, in 3 dimensions. It pains me to see so many intelligent, talented people move to LA to sell virtual property and shit omfg... We all know the 'crypto utopia' people envision leads directly into the cyberpunk dystopia we all (should) fear. See: the #1 nft CryptoPunks... I know there's more to blockchain than the metaverse shit but we already have systems of recording transactions, interacting, making agreements. Not everything needs to be on the blockchain. I'd argue almost nothing does besides some complicated supply chain stuff maybe. But even then it's all about the Benjamins.

Dude why do you think centralized exchanges take off like they do? Because who wants to bother to protect their own funds?? I trust the US banks because theyre human beings with feelings who will hopefully not fuck me over. I cant say the same about any of the crypto exchanges ruled by cold permanent code by dudes on private islands

I meant more by the US DOJ, who up until now has been letting him walk free.

I wish I was hung

Hell no. Madoff screwed ppl out of $65 billion. SBF should be charged for money laundering and fraud and get 20+ years, not a life sentence

Man, after all of that we sort of agree. Haha. What we’re currently doing with it is dumb. But the technology (hell yeah there’s value in the blockchain! :)) underneath the mess and failings of human nature is, to me, cryptocurrency. It’s an innovation, and if the current global economic problems continue on their current trajectory, it may be a revolution. I know that sounds kind of cheesy, but to me, why not throw 5% of my paycheck at it? It’s cool to watch the space grow. capitalist markets weed out the scammers pretty quickly, and if they don’t, the government intervenes.

It is good to learn where the oppositions come from. You’re right. This is why I’m on Reddit, these discussions. I appreciate your contributions to this one!

Fair enough, fiat isnt perfect. Could crypto and fiat exist in some sort of harmony? Chaos and order haha. Hopefully but I really don't like the prospect. I'm really considering buying big chunks of gold at this point...

Oh, I have no doubts that he will be arrested and put to justice. I'm only talking about him hiding away a few millions of his billions of dollars in crypto 'sock drawers' of sorts.

>SBF stole billions; enough money to make it worth going through every minute of the last decade of his life with a fine-toothed comb, he worked with a ton of other people who have knowledge on his methods (and are young enough to desperately want to avoid spending decades in prison themselves- so they will testify), and he was basically plugged into one device or another at all times.

This is a good point... The fact that he has billions probably makes it worth it to put a bunch of federal agents to work and crack his case. However, I still think he probably managed to sock away a few millions of dollars (a small drop in the ocean compared to his fortune) in offshore accounts/crypto wallets (Russia/China?) that may not be worth pursuing.

The question now is does he go out like Madoff or like Epstein?

Boy toy.. butt stuff... Mr. Slave from south park

Heck yeah man we always have to strive to find some kind of middle ground. We all offer different perspectives and I know i have bias from my own experiences, not that I haven't had pleasant interactions in the crypto space as well. We all want financial security and accountability for the people with power and influence, and maybe crypto will play a role in a new system. Fingers crossed man. Good luck out there

My money's on Holmes, but who knows? Maybe he could pull off an Adam Neumann and get Andreessen Horowitz to back him again. Somehow Trump is still out there not in jail (so far).

Of course he’s refusing to testify, he’s facing charges. Invoking his 5th Amendment rights is probably the smartest thing he’s done in years.

He’ll be coming in for questioning to another high office. The justice department

And the stock market isn’t? Individual stocks get messed with every day especially Pennie’s.

You could easily create squeezes taking advantage of Greeks on low volume tickers for less than $1M on a bunch of stocks if you wanted to. Risk is not having anyone to sell your contracts too if you do.

Even with all the “rules” all markets get messed with. Hopefully he gets the Bernie treatment. Just be happy he is arrested and things are moving along like it should.

If SBF takes some form of plea deal (which he almost certainly will- Madoff did, and Madoff was smarter than this guy by an order of magnitude), it's basically guaranteed that a condition of his deal will be to disclose where all the money went- he won't be allowed to retain any of it.

That makes tracking down the little amounts worthwhile, because it only takes a tiny amount of money to render his plea deal null if it can be shown that he has broken the terms of the agreement.

If it’s crypto that crashed could be not worth much

That’s dumb, no one has anything to gain by assassinating him, he’s not worth anything anymore

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Yes. Suicide. Like Epstein.

What a strange site, when I scrolled down the entire page was filling with a video advertisement; I couldn't scroll away from it. It seemed like some sort of scummy advertising ridden bottom end of the interwebs, like I might catch a virus from it dirty

> cnbc.com

oh of course

I figure if I were as wealthy and connected as Epstein, with a black book like that I should be able to smuggle in some drugs to put me in a coma that is so convincing I appear to be dead, and then the prison will call an ambulance, when the "ambulance" comes my employees will come inside the prison, put my on a stretcher and carry me out and no one will stop them. I'll have them shut off the cameras first, and have the guards take a nap just to be sure no one sees me taking the drugs and falling into a coma.

Once I'm out, all I really have to do is bribe a coroner I guess

Then I guess eventually I might get some facial reconstruction surgery but it's not really a pressing matter, because I'm "dead."

After exposing his idiocy in recent interviews, maybe he wants to avoid becoming an idiot on nation television.

Love how optional everything is for rich blancos. No wonder markets self destruct into fraud.

He'll get Epstein'd

Roe v Wade: Precedent's don’t matter.

This isn't technology related.

You might wanna look up its origin, it wasn't invented in the 30s.

He got a 1-billion-dollar personal loan from Alameda

Yes, billion with a B

Hes a dickhead, but still based

They nabbed him before he could flee to Israel after being issued a Congressional subpoena.

Jail his ass then

Still waiting on that video

Can’t stand it when someone’s necktie looks so shitty

Someone’s lawyers have informed him that he’s said quite enough stupid shit in public already

He paid political parties... Why will he?

Too little too late

Ive never really been on board with the legislative branch having the power to subpeona, and being able to throw people in prison for contempt.

Leave that to the judicial branch.

Does he have secrets? He's hurt the rich and powerful, but isn't an ongoing danger. Take his toys and stick him in one of the poors' prisons and that's enough.

>meaning the tool (the currency) works so efficiently that it needs no central bank or federal reserve.

It also means there is literally no one who can help you when you are a victim of fraud. The crypto that Sam Bankman-Fried managed is gone. No regulatory agency like FDIC will cover your losses. Crypto transactions are irreversible. Someone takes your cash, you're fucked. And a shitload of people lost all of their holdings in the FTX scandal.

We can see the results of that playing out before our eyes. Crypto is good for gambling(that's all you're doing as you wait for the price to rise or fall), racking up a win by selling when the price is higher than you bought it for, and then pulling out your money into real cash as fast as possible before the value inevitably crashes(and then recovers again at some indeterminate point in the future), if you're lucky enough to time it right. It's not very easy to catch that falling knife.

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C’mon he’s not that bright /s

Imagine if he didn’t send that Tweet, tagging Changpeng "CZ" Zhao, about coming to testify with him. Pretty much led to his downfall.

Ya no shit and it wasn't made in Germany I just think it's funny because it's here randomly.

Did you just learn about it's origin or something? Pseudo intelligence out here in full force this guy googled the swastika

Stops the testimony does it not?

LoL will see dude