I’d advise against folding, @onenote . He still has to survive his “suicide” attempt. Although it’s likely he will survive because of a supposed lack of evidence against the Big Guy, you never know what nude painting he has of a former president. 
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headlines - bad news for SBF
- SEC: SBF RAISED MORE THAN $1.8 BILLION FROM EQUITY INVESTORS
- SEC CHARGES SBF WITH DEFRAUDING INVESTORS.
- SEC CHARGES SAMUEL BANKMAN-FRIED WITH DEFRAUDING INVESTORS IN CRYPTO ASSET TRADING PLATFORM FTX
- SBF IS ACCUSED BY THE SEC OF PLANNING A “YEARS-LONG FRAUD.”
- SEC ALLEGES SBF USED FTX CUSTOMERS’ FUNDS AT ALAMEDA.
- CHARGES AGAINST SBF ARE ALSO ANNOUNCED BY SDNY AND CFTC.
- U.S. SEC: INVESTIGATIONS INTO OTHER SECURITIES LAW VIOLATIONS AND OTHER ENTITIES, PERSONS RELATING TO ALLEGED FTX MISCONDUCT ARE ONGOING
- SEC: US Attorney’s Office for NY Southern District, CFTC Also Announced Charges Against Bankman-Fried
- U.S. SEC: SEEKS INJUNCTION PROHIBITING BANKMAN-FRIED FROM PARTICIPATING IN ISSUANCE, PURCHASE, OFFER, OR SALE OF ANY SECURITIES, EXCEPT FOR HIS OWN PERSONAL ACCOUNT
- THE CFTC INTENDS TO SUE BANKMAN-FRIED, FTX, AND ALAMEDA FOR FRAUD. CFTC PLANS LAWSUIT LIKELY ON TUESDAY - PEOPLE FAMILIAR WITH THE MATTER.
and lest you had any remaining hope for your GBTC at a 40% discount, don’t expect a BTC spot ETF to get approved any time soon
- SEC ASKED US COURT TO DENY GRAYSCALE’S BITCOIN ETF
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and here are the SBF fraud charges:
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For the time-limited…
Me thinks the former GF is cooperating with DOJ.
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former GF is a looker 
Surprised they were polyamorous. But I guess you have a lot of time to kill if your billion $ “enterprise” doesn’t need much work.
FTX CEO Ray says it’s a “paperless” BK. He’s trying to max. asset recovery. My question is other than politicians, celebrities, sports stadiums, who else got rich of FTX? All those who got high interest on their “savings” accounts?
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I am surprised. According to Bloomberg, the Democrat politicians who are the recipients of his largesse are donating the money to charities.
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I guess that’s better than giving it back to the stupid foolish fooled investors 
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Binance getting hit with big withdrawals, $3B supposedly in the last day. If you’ve got anything there, now’s the time to get it somewhere safer.
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From about 4:10 to 5:00…
Also, clearly his former accomplices are talking.
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Are any of the exchanges truly safe? We need regulators Eg. only reason I trust the banks is FDIC and never keep more than 250K in one place.
Self storage has its own risks of loss (i think of the guy who’s still looking thru a landfill
Nope. But there is an issue with how the whole concept of crypto started. It was initially presented as an exercise to bypass the “evil” government that spies on people. Hard to feel like getting the government involved in regulating and therefore legitimizing these enterprises.
There is a reason why the FDIC is trusted to $250K. Because the government will make us whole up to $250K if the bank goes belly up. Why should honest taxpayers put in place a system to make whole people that put their money in crypto?
I hear ya. Congressman was joking about the very people who sent their money to Bahamas to avoid regulation are now running to SEC.
Parents are moving to US and we’re still searching for safe way to transfer cash from India w/o major fees+exchange issues.
Illegal donations to Democrats? I’m surprised they charged him with that.
My first guess would be bank-to-bank wire transfer…
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Law professor Jonathan Turley finds the sudden prosecution of SBF just before he was scheduled to testify before Congress highly suspicious.
I previously wrote how Bankman-Fried was doing harm to his case by speaking in the media and to Congress. So why would the Justice Department move to stop the self-inflicted damage? You have a major target who was about to voluntarily testify for hours.
That is ordinarily a dream for prosecutors, but the Justice Department moved quickly to prevent that from happening. At that stage, Bankman-Fried was not charged or in custody. He was not protected by Miranda or other constitutional rules from self-incriminating statements.
Indeed, some of us had already warned that he was causing himself considerable damage in making such statements. This was a defendant with a large legal team facing possible criminal charges who seemed eager to speak about his actions and motivations. Most prosecutors would sit back, make popcorn, and watch this unfold.
The curious move led many to question whether the Biden Administration was eager to prevent questions on Bankman-Fried’s political contributions and associations. He was the second highest donor to Democratic causes in the last election cycle. His mother, a law professor at Stanford also heads a major Democratic campaign fund.:
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I think it was more because they knew he had the ability and funds to go somewhere that he would be difficult to arrest and extradite. Time is of the essence when your suspect is already out of the country and has the means to go somewhere you can’t get him.
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SBF had already agreed voluntarily to appear before Congress. He showed no indication of a flight risk for the past month since the SHTF. Instead he’s been making the rounds of news programs such as an interview by Stephanopoulos.
What evidence do you have for your claim other than he has a lot of money? AFAIK the US attorney for SDNY made no claim about flight risk.
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they don’t allow cash transactions beyond a certain amount in India. I looked into Crypto, but passed (thankfully!) I can see why people are tempted though
By exchanges, do you mean casinos? The word exchange has no direct implication of safety, honesty, insurance, or security.
Harking back to one of my favorite tv series, if you mean Barksdale’s exchanges corners, they were safer than crypto, much safer if you wore armor. :]
No, IHMO, unless your “Eg” includes people with common sense.
If you can’t afford to risk money, don’t invest it, regardless of what some moron tells you. If you can’t afford to tip, don’t go out to eat.
If you can’t afford a ticket + fees, don’t speed.
If you can’t afford a baby, don’t have unprotected sex.
If you can’t do the time, don’t do the crime. Mr. Crypto-hyphen, I’m talking about you.
Back to my humble opinion, what made this country great was people willing to risk something in order to get something greater. I don’t mean Aunt Mrytle at the slot machine, but people who understood math. This country was founded by people willing to risk everything they had - Everything - from money and land to their liberty and their very lives.
It seems that people now want to take their swing, but have a feather bed to fall on if they whiff. I suspect this goes back to the “participation” trophies of the 80’s, but don’t have data to back it up. No one today seems willing to take a risk without having someone to blame or some kind of a bailout (no offense intended, but possibly apropos).
If you buy snake oil that I say is going to make you feel better, who is at fault? You felt better, so I was correct. You don’t feel bad until you find out it’s 40% distilled alcohol and 3x the cost of bourbon. Don’t blame me because you didn’t read the label which clearly stated the contents.
Sorry if I’m misunderstanding, but I can’t really think of anything funnier than crypto in self storage.
If I misunderstood … There’s always @shinobi 's basement with his monthly paper CD certs. Just bring a magnifying glass. 
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