Get your BTC off the exchanges, just because: “In America, it isn’t against the law to be a awful or careless CEO with poor judgement.”
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Bitcoin got no CEO. Got no cash flow. There is nothing that can stop working. Just sayin’.
Is this the same country where Ross Ulbricht (creator of Silk Road) got two life sentences without the possibility of parole plus 40 years?
It is a crime to defraud your customers though, and perjury to feign ignorance for a deliberate act in a court of law
Nowadays in America even if he meant to steal the money it’s no longer a crime if he got the correct boxes checked.
Sounds like a little payback from Wallstreet and the politicians for the reddit crew blowing up GAME STOP, AMC, AND BB. SOUNDS VINDICTIVE TO ME!
If you have coins on an exchange
You remind me of my parents at this point. Just lost
SBF is a piece of shit and deserves all the bad things that happen to him. Fuck you SBF! The world would be better without you.
He payed every one off
it is a crime to convey material lies to investors however. the criminal justice system however, is for sale.
I will say i have Zero $$$ on any exchanges, including Coinbase.
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Why does anyone believe anything this guy says…
tldr; Ex-FTX CEO Sam Bankman-Fried has claimed he was out of his depth, didn’t know what he was doing, and didn’t know what was happening at the businesses he founded. At least $8 billion in customer funds are missing, reportedly used to backstop billions in losses at Alameda Research, the hedge fund he also founded. Both of his companies are now bankrupt with billions of dollars worth of debt on the books.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I think this is just in the United Sates of America.
If he was in the US he would have been arrested. He wouldn’t voluntarily step foot here.
Or just watch where your investing, and lol do research.
Honestly, just stop with the explanation. Everybody knows she need to get all your crypto off of any exchange.
People…..
His business is operating in a foreign country. The United States has to go through the appropriate channels to bring him up on charges in the US.
If poor judgement were a crime we’d need to build a lot more prisons. But fraud *is* a crime, and SBF could be looking at several decades in prison given the amount of money involved and the number of people who were defrauded.
I think he was doing exactly what he had been instructed to do. This is not a case of poor judgement. This is a case of the scheme getting found out.
You people gotta relax with this shit . They literally died overnight basically with no heads up .
Going to take time for a case
He wasn’t being careless !
He was fucking stealing knowingly
Trump provokes thousands to storm the capital. SBF pilfers billions of dollars. White privilege is a hell of a drug.
Wait, people still have BTC on exchanges?
But if it was a latino male or black male I bet the law would have quickly had an extradition letter corruption is wild ????????
He wasn’t lousy or careless. He straight up embezzled it.
I don’t think he had poor judgement. On the contrary, he judged exactly how to conduct the maximum amount of malfeasance
He’s not in America is he?
Please. Guy founds a huge exchange and a decent sized hedge fund, this isn’t something people that are clueless do with their time.
He is playing the system. Don’t hate the player hate the game.
He is kicking their asses at their own shit. He should rot in a cell, likely never will, but he isn’t really the problem. I bet when the R team found out he got ran on they waited. And because he laid out huge bribes for the D they played ignorant, hoping mud slinging from Rs would make it possible to paint him as a victim. He had his own plans the whole time though…
Now both sides know they missed their mark to crucify him in the media, he already played the “I’m just a dumbass” card, and are hoping the “Justice system” gets him. Claim ignorance. “I do not recall ever taking classes on how to be a CEO”
“I do not recall what the process is for loaning money from myself to myself”
“I do not recall if I carried the 8 in my billion dollar math problems, I did the math while pooping and scrolling twitch for LoL feeds”
Fuckin guy is either RainMan broke bad, or truly the most super idiot we’ve seen in the last 50 years. Either way I really don’t think he will ever be burdened by any significant amount of responsibility for anything he has ever done or will do in the future, because he def has a future, and I fear it isn’t in a cell.
Maybe you shouldn’t invest in business in Countries that are known for money laundering, scans, ponzies and shell corporations. That is why they can’t be incorporated in the US. So today’s debacles have nothing to do with the US if that is who you are speaking of w ‘America’.
Well, thats a forgiving way to phrase that. I’d have gone with “Irresponsibly reckless drugged up negligent CEO with a never ending lack of judgement” .. but that’s just me.
that’s not a crime anywhere. what is a crime, and what he did, is FRAUD. Say FRAUD. lazy is when you don’t exercise, or do the dishes.
FRAUD purposely deceitful theft
FRAUD FRAUD FRAUD
Bitfloor anyone
r/bitfloorlegal
Rip away fraud from America, and you left with nothing but guns and some good fishing spots
Because he’s part of the establishment, as if that wasn’t obvious already.
Giving everyone in my family $1000 worth on separate wallets for Xmas I don’t care what they think or do with it, if their smart they will listen and hold and buy more BTC will rise again!
In Germany there is a well-known saying that stupidity does not protect you from punishment. This also applies to the law and I don’t think you would get away with ‘I didn’t know’.
hes not lousey or careless, hes a calcualting thief of epic proportion
Some people need to learn the hard way.
Yeah, he’s not a bad CEO. He’s an excellent thief. And he’ll walk, as long as the right people get their cut. Disgusting.
But he wasn’t in America
Lmao, is that what he is? This whole idea that since the crypto industry is so poorly regulated there’s just nothing we can do about him is fucking absurd. There are plenty of laws and regulations already in place that could be used to prosecute him. They just don’t want to. He fucked the whole industry in the ass and they secretly love him for it.
It’s illegal if you don’t belong to the established elite
The more people take their coins off exchanges the more likely it is those exchanges gonna go bankrupt -> many people gonna lose their savings. Don’t panic, be reasonable.
It happened not on US soil. I dont think US laws applies
Delete everything after the sixth word. Everyone is missing the point. No one gives af about SBF. Just stop using CEXs
Is the coinbase wallet good?
Use a good offshore exchange ran by some people with a demonstrated history of avoiding US Empire overreach.
Whatever you do, never use any service from the USA.