FTX bankruptcy litigation will claw back political donations!
https://cointelegraph.com/news/ftx-warns-it-will-claw-back-political-donations-and-contributions
This might be embarrassing.
Democratic candidates now have to worry about what is going to happen to their political donation future when they have to return this massive amount of funds which actually is just a couple of drops in the bucket compared to the missing billion dollar transfers. That is the real situation here arguing in court over a couple million dollars is going to do a lot less to return money to investors.
And absolutely the investors deserve the money way more than these scam artist vegans do. The fact that there won't be any more vegan meals in prison for SBF might just steal the entire deal.
Having everybody including your company turn on you and throw you to the wolves, is a amazing opportunity especially after the entire scam of interviews and being on the news. No apology tour can make this right after the massive amount of individuals in the world were scammed out of billions of dollars. And then all of these mystery transactions that vanished massive amounts of cryptocurrencies now are going to prove the phenomenal amount of fraud as well as even more individuals will get caught up in this kind of like finance which currently is going through a massive amount of issues. And rightfully so with the historical amount of market manipulation fraud that looks like finance might just be killing itself especially with this massive recent run on withdrawals as we watch yet another scam exchange make off with people's money. However just like the attempt at a hostile takeover of our blockchain has proved this situation being true. Once again customer funds were used in ways that are completely inappropriate.
This wave of illegal and cryptocurrency market manipulations needs to be a thing of the past.
While I absolutely do agree that cryptocurrency should be free I think that it is us the cryptocurrency users that need to demand on ethics.
And as a result decentralized financing platforms like we have will absolutely be the next wave once again with hopefully Hive getting an amazing boost.
At least Sam bankman fried wasn't one of our members.
Arrest and media flood has done a phenomenal amount of damage to cryptocurrency.
Even our blockchain went through a pretty substantial drop with the market.
A month ago it was reported FTX nearly got bought out by binance. Deepening this entire speculation and obvious hostile takeover as well as direct economic warfare between these two exchanges.
And absolutely even the news report covers the fact that this really is the wild wild west. The fact that a month ago this was headline finance news was an ugly shadow of what was to come. As this entire collapse increased in drama we continued watching a phenomenal amount of fear uncertainty and doubt surrounding this entire crime however it wasn't until recently that the full scope of what is going down has come out.
The conclusions that this was by accident or a miracle that binance was involved deeply with FTX is now going to explode through the entire world. Oh wait.
Actually the entire thing was set up and a hostile takeover attempt by binance as well as economic terrorism and to me the real root cause of this entire cryptocurrency collapse.
Meaning that every honest cryptocurrency investors really should withdraw all of their funds and boycott such a criminal like binance. In fact I don't place funds on any of these centralized exchanges unless they are in transit to my bank account.
I really think that might decentralized finance investment here on this blockchain might actually be the smartest and most capable investment.
The speed that one of the largest exchanges screwed over and kneecap not only it's investors but cryptocurrency world denizens...
This is something that the entire free world needs to take action on. I just don't see how binance is going to survive all this.
Sbf might get bail on the USA? Are you joking me this individual is the biggest flight risk ever especially with that massive amount of funds that mysteriously vanished.
An incredible deep dive into what's all going on and the current situation it really breaks down how many screw UPS were present in this entire fraud and how much open ability there was to steal from FTX.
Wow commingling customer assets to financially manipulate the market into keeping your price high apparently backfired and I guess it sounded really good in the beginning but the entire situation sounds like it would crumble really quickly. And then you've got this Alameda research firm getting involved and working in collision. Definitely starts to turn into a furball really quickly.
And here we have Sam bankman fried complaining about his lawyers thinking that he knows better in this entire situation. It really does look like it is going to continue to circle the drain.
Radical vegan lawyers.
Even against advice of councils and also having parents that are lawyers radical vegans apparently are top of the food chain when it comes to knowing exactly every law blah blah blah. However I don't think that's the way it works and seemingly Mr takes super drugs to make himself smarter than everybody else, is going to end up learning a very Savage lesson.
Ironically we see an attempt to run towards some of the biggest bankruptcy attorneys ever.
Let alone his own company just made the founder out to be a idiot as well as mentally imbalanced individual before they completely and totally discarded him like yesterday's used trash.
It's my opinion that FTX proves centralized currency exchanges are the devil and foosball. Now you listen to me Bobby Boucher... You don't think about them boobies of Vicki vallencourt...
LOL this entire mess just crapped out the entire market and now we are going to have residual fallout directly because of this.
How much more damage to the crypto community is there going to be until we start figuring out some way to police our own.
Personally I think that FTX will never recover after this no matter how much paid endorsement is applied.
Solid update on the political nuances that the FTX debacle affects, thanks for sharing this for the Leo readers to glance at.
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I think that is good news but I just wonder how much they can even claw back. Those places will try their best to not pay back as much as they can.
SBF is done and he should be listening to his lawyers. From what I see, I think he is making mistakes and coffeezilla got him to admit to fraud when he went through all those interviews.
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I think that not very much is going to get clogged back except for the political donors and unfortunately this will be a huge blow to the Democratic operatives that were guilty and taking massive amounts.
And it does look like his girlfriend showed up to work with investigators and law enforcement.
And our price is coming back.
The bigger story is the Billions laundered for Ukraine.