Good question. We don't know for sure (yet) but things are a mess (bad/missing records) with complex transactions and money flows. I imagine that either one of the defendants provided information or the new CEO and his forensic accountants have identified additional funds. It could also be that was the funds that were in Bahamian firms. This will be an on-going process of discovery and claw back.

So the cash grab began...

Appears he was a complete waste of space.

Yeah, wild west in La La Land.

The deputy was a motorcycle officer for 3 months before he was killed.

Amy Wu Who?

it was a Polyjoke :-)

I loved it. I was not replying to you. Some dude said "But it was Aderall..." like that makes it better. Then he deleted his post.

Yep: to be fair they said "amphetamine" not "methamphetamine". We're splitting hairs now. The best quote of all is this one from Caroline (she tweeted this and it still up on twitter):

"nothing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is"

Here's the tweet: https://twitter.com/carolinecapital/status/1379036346300305408?lang=en

And some press coverage at the time

https://nypost.com/2022/11/15/crypto-ceo-caroline-ellison-tweeted-about-regular-amphetamine-use/

https://www.businessinsider.com/ftx-alameda-sbf-linked-caroline-ellison-amphetamine-tweets-resurface-2022-11

They acknowledged they were using meth. Google it.

Yes! Polyamory Genius that she was for a moment last week in her own mind.

Right but the delta seems extreme. At some point the book value of the reserves (do they hold reserves?) should be the floor on value

Kinda like crypto. I mean the best example of a complete fraud is the Fozzle-Quark, which promised all the tangible benefits of ether in a totally anonymous package. Mining was performed by playing Asteroids or Pac-Man. To mint a coin (one side was Pac-Man the other Asteroids) you had to play equal time on both games and hit high score FROM THE SAME IP ADDRESS within 24 hours. Man that had legs. Soooo many people bought into it. I had 2 lambos in my sights on launch day.

No way man, the fozzle-quarks are made of Unobtainium, bro. For those that are unfamiliar:

Fozzle-Quark, promised all the tangible benefits of ether in a totally anonymous package. Mining was performed by playing Asteroids or Pac-Man. To mint a coin (one side was Pac-Man the other Asteroids) you had to play equal time on both games and hit high score FROM THE SAME IP ADDRESS within 24 hours. Man that had legs. Soooo many people bought into it. I had 2 lambos in my sights on launch day.

Good catch. Classic MarCom.

Well if the customers of FTX and other crypto exchanges bothered to read the news, or the disclosures when they signed up they would know that crypto is mostly unregulated. Crypto is not a security. "crypto" tokens are nothing but some numbers on a screen. If you want to trade greenbacks for fozzle-quarks, or moons, or Dogecoin then you can but it is your loss.

ROFL-MAO Yes! Check this out https://investors.dave.com/

From the site. So much irony here...

Corporate Profile
Dave is on a mission to build products that level the financial playing field. The app launched in 2017 to help Americans avoid billions in overdraft fees charged by traditional banks. Now, Dave is a financial platform serving 10 million members with banking, financial insights, overdraft protection, building credit, and finding side hustles.

Good idea. might be too late. :-D

Uh oh. SBF is alledged to have diverted customer funds to invest in "Mysten Labs and fintech company Dave". $100m each.

Dave is publicly traded. Current price is 52 Week High $15, 52 Week Low $0.25. Soon to be even less if they claw back.

Oh if it was a State charge that's be true but the Feds are entirely different. 85% mandatory sentence time (no let go for good behavior or overcrowding). They also really hate international wire fraud and identity theft. This is on a massive scale, the number of victims in huge.

Anyone know how many victims they can document?

SBF just made bail $250M !!!

SOURCE: https://www.cnbc.com/2022/12/22/ftx-founder-sam-bankman-fried-to-be-released-on-250-million-bail.html

Check out the smirk on his face !!! More Charlie Manson than stupid crypto-bro.
Also for those that don;t know how bail works. He either had to pledge $250M in cash or property OR he had to put 10% bond down ($25 million) which WILL NOT be returned.
Someone with deeeeep pockets wants him out. Someone wants him happy and quiet.
Waiting for the next shoe to drop.

"In return, the pair conceded their role in supporting an $8 billion fraud that left millions of customers without their investments and destabilized the crypto industry."

Yeah amazing how people don't get the justice system.

More like she/they flipped, will testify and SBF will take the fall.