- This topic has 19 replies, 1 voice, and was last updated 6 days, 7 hours ago by kirtash93.
- Thursday, November 24th, 2022 at 10:47 #409804OneThatNoseOneParticipant
FTX filed for bankruptcy on the 11th and shortly after there were suspicious movements of $500M in funds belongs to the exchange. FTX called these movements of funds ‘unauthorized’ and ‘unrecognized’, stopping short of calling it a hack as reported to be a hack by many media outlets. FTX US General Counsel even came out making these statements himself and said FTX would “continue to make every effort to secure all assets, wherever located.”. The new FTX CEO also stated that they would be investigating the situation regarding unauthorized funds movements. FTX even filed court documents that essentially referred to the funds movements as a hack.
It was only after investigation FTX ‘learned that Bankman-Fried and FTX co-founder Gary Wang made “unauthorized” transfers at the direction of the Bahamian government.’
So basically, SBF, and co-founder Wang in this case, could and was manipulating company funds with zero oversight and communication with anyone else in the company. I’m not sure how to even comprehend the insanity of one person doing whatever they like with company assets and literally nobody else in the company is none the wiser. To the point that the company need to launch an entire investigation, is filing legal documents and reporting to media that they have been hacked.
A few days after the ‘hack’, SBF did an interview with Vox media. In this interview he refers to him transferring assets to Bahamas regulators as a hack.
This seems to be him trying to throw regulators under the bus as he also relays is intense disdain toward regulators. It’s still a very confusing way of doing so however.
I have no words to describe what this situation anymore.
[https://www.reuters.com/technology/bahamas-regulator-says-it-assumed-control-digital-assets-ftx-2022-11-18/](https://www.reuters.com/technology/bahamas-regulator-says-it-assumed-control-digital-assets-ftx-2022-11-18/)Thursday, November 24th, 2022 at 10:47 #409814Adventurous-Lynx-660
Surprise surpriseThursday, November 24th, 2022 at 10:47 #409823kirtash93
This makes it even clearer to me that SBF is the one that moved the money.Thursday, November 24th, 2022 at 10:47 #409822o_LUCIFER_o
He will always remain the most hated bitch in Crypto space.Thursday, November 24th, 2022 at 10:47 #409821falk_lhoste
Time to move on and learn our lessons. And stop posting wrong information to repeat the same stuff about SBF for the 550400303 time. The Bahamas regulator theory was proofen wrong already and we all know that he lied to users and has no moralsThursday, November 24th, 2022 at 10:47 #409820UsedTableSalt
Another apology incoming?Thursday, November 24th, 2022 at 10:47 #409819DryCarpet4589
This guy lies like he breathThursday, November 24th, 2022 at 10:47 #409818RepulsiveCan5270
It’s our fault for giving this guy our funds and a platform. The fact he says ‘a couple of million’ like it’s no big deal while talking about customer funds they worked hard for it’s all you need to know about himThursday, November 24th, 2022 at 10:47 #409817cmudo
I don’t think people were naive towards the so called hack. Thats “I lost my hardware wallet in a boating trip accident” levels of bad attempt at lying…Thursday, November 24th, 2022 at 10:47 #409816DepressedBoiiiiiiii
This scum needs to goThursday, November 24th, 2022 at 10:47 #409815immaloveyoulongtime
How is he not in a fucking jail cell?Thursday, November 24th, 2022 at 10:47 #409813milonuttigrain
Is anyone surprised at this point?
It has never been a hack, no hacker can access that much of information in such a time. It’s all lies and fraud.
This guy should go to jail.Thursday, November 24th, 2022 at 10:47 #409812Ill-Addition2024
SBF lied, what a newsThursday, November 24th, 2022 at 10:47 #409811alleniversongrandson
I am dreaming the day when we see this scumbag behind bars.Thursday, November 24th, 2022 at 10:47 #409810MaeronTargaryen
I thought that some of it went to the Bahamas and some was hackedThursday, November 24th, 2022 at 10:47 #409809SuccessfulLowDev
Surprise surprise, the crook lied behind people’s backsThursday, November 24th, 2022 at 10:47 #409808HeroinAndyCx
This guy literally has no moralsThursday, November 24th, 2022 at 10:47 #409807sjejsb
sounds pretty similar to another scam artist this year, wonder if they’re friendsThursday, November 24th, 2022 at 10:47 #409806yourmom_fat_as_hippo
FTX drainer being Bhamas Regulator theory has been refuted by so many on-chain analyst.
So, this makes your entire article on wrong information basis.Thursday, November 24th, 2022 at 10:47 #409805Bucksaway03
Did anybody actually honestly believe it was a hack?
I mean seriously? A malicious app got pushed and the wallets got drained at the same time. It was very obviously an internal job.
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