Monday, November 21, 2022

FTX: How Did All This Get Started?



Anonymous said...

Legacy media has already placed the "debunked" sticker on the Ukraine-to-DNC Money Wash scenario. LOL.

The frantic effort to hide the identities of the unsecured creditors holding $3.1 Billion in now worthless paper is because the US Gov is so honest that transparency isn't necessary. Imagine!

Meanwhile Caroline Ellison is in the custody of the Chinese government, pulled out of line in Hong Kong before the last flight to Doha posing as a World Cup football tourist. Surely now spilling the story to Uncle Xi and his comrades who will soon possess an impressive dossier.

Soon to find out: is Tether too big to fail? And, how many TBTF can the Western financial world save before the whole house comes thundering to the pavement.

Pastorius said...

Thus far I have not seen compelling evidence that FTX gave more than $40 million to Democrats.

Have you?

I know that sounds like a lot, but it is nowhere near billions.

Anonymous said...

Interesting questions:

1) Where and when will Ellison finally surface when the ChiComs are done with her? And what will her story be? She is a more important asset than SBF (Soon to Be Fried) who comes across as more of a Ringmaster than a Mastermind.
2) What is Daniel Friedberg's role in this caper? He is a known internet scammer keeping a low public profile with respect to FTX. Perhaps he was "the adult in the room" pulling the rug out on the kiddie corps and letting them take the fall?

Anonymous said...

$40 million is the consensus amount, that much is transparent. Question is role of the Ukraine feedback loop or even if it exists. The unsecured creditor list would aid in providing evidence pro or con, the attempt to hide that info draws suspicion.

Pastorius said...

Anonymous at 2:06 PM,
I agree.

Thing is, I don't know what to post and what not to post. There is a lot of speculative information out there.

The info in this post, from Gateway Pundit, is not speculative - that I can tell - however, it seems to infer much more than what can be confirmed.

Pastorius said...

Do you have any information on Daniel Friedberg?

I don't really know anything about him.

Anonymous said...

Dan Friedberg — a lawyer who was FTX’s chief regulatory officer in the months leading up to its collapse and who also did a stint as its general counsel — also had served as an attorney for UltimateBet, whose collapse was considered one of the largest online gambling scandals in history at the time.

In the alleged scheme employees were accused of using a software exploit dubbed “God mode” to bilk players out of anywhere between $20 million and upwards of $50 million.

Friedberg’s past raised alarm bells in the cryptocurrency sector long before FTX’s downfall. In August 2021, cryptocurrency news site CoinGeek noted that FTX’s decision to tap Friedberg as its chief regulatory officer was “almost comically inappropriate” given his past.

CoinGeek’s Steven Stradbrooke noted it “remains something of a mystery” how Friedberg “managed to avoid being disbarred”.

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