So this guy was arrested the day before he was supposed to testify before congress. This is a thing nobody here is talking about.

Epstiened

I believe he supported a bill to somewhat regulate the crypto currency exchanges, and in return his company FTX would likely receive favorable treatment from the SEC.

Interestingly that is likely what triggered the rival crypto exchange owner to claim FTX was insolvent and started a run on selling FTX positions.

Not sure what favorable treatment they could get compared to say Binance that would trigger that. unless somehow FTT would be classified as a totally separate type of asset than BNB.

but for CZ the motive is simple, smell blood and kill FTX and business runs your way. afaik Fried and CZ had a mild but ongoing back and forth twitter feud of sorts.

fried's lobbying activity, afaik, was going to be to get the fed to continue fairly hands off, something that would have benefited both FTX and Binance.

Sam Bankman-Fried faces over 100 years in prison on 8 counts

Indeed, according to the multiple charges brought against him by the US Department of Justice on Tuesday, Sam Bankman-Fried faces more than 100 years in prison if convicted of each of them.

SBF faces two counts of wire fraud, two counts of wire fraud conspiracy and one count of money laundering, each of which carries a maximum sentence of 20 years. , the DOJ said in a statement.

He is also charged with conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to defraud the United States and commit campaign finance violations. , offenses punishable by a maximum sentence of five years.


Not sure if there's anything to add: the news is IN the medias, in MY European medias, la fin de l'impunité "the end of impunity" for cryptos.

LOL even in the Figaro:





This post was edited by Meanwhile on Dec 15 2022 12:02pm

going from million-dollar home to that

epstein locked up and "suicide" before testimony . you think this dude gona survive it?

he is a good example of why you should not be vegan

Nobody else see the irony and strangeness of his name

Bank Man Fried

The guy was literally fried. Never trust a fried bankman


This post was edited by Prox1m1ty on Dec 19 2022 02:03pm