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Accomplished-Pear688 t1_izzltsl wrote

Let’s hope mr Madoff 2.0 actually gets jail time in the US and not bailed out by his connections.

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kessel t1_izznwlt wrote

Sus Boi Fukt

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FreshlyWritten69 t1_izzvyp6 wrote

Legit shocked … never thought this would happen.

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cludinsk t1_izzwnlk wrote

ponzi scheme collapses, color me surprised

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[deleted] t1_j00jvll wrote

[deleted]

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LaRock0wns t1_j00qvd1 wrote

He should know the rules. Fuck over the public, sure, but don't screw over investors

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autotldr t1_izzu4ln wrote

This is the best tl;dr I could make, original reduced by 45%. (I'm a bot)

> Sam Bankman-Fried, founder and former CEO of bankrupt crypto exchange FTX, was arrested and taken into custody on Monday by police in the Bahamas.

> In a subsequent statement, the U.S. Attorney for the Southern District of New York tweeted: "Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time."

> The big picture: The arrest and indictment news comes just hours before Bankman-Fried is scheduled to testify remotely in a House Financial Services Committee hearing on FTX's collapse.

Extended Summary | FAQ | Feedback | Top keywords: Bankman-Fried^#1 indictment^#2 arrest^#3 U.S.^#4 unseal^#5

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WellGoodLuckWithThat t1_j011ev9 wrote

I'm not a financial expert, but a financial guy introducing himself as Mr. Bankman would have been a red flag for me.

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Mr_Notacop t1_izzxqz5 wrote

The Hitler of Crypto

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Schwettyballs65 t1_izzyto2 wrote

We need to wait and see how things shake out at Binance. SBF may only be Mussolini. CZ’s move to liquidate his entire FTT position was initiated the liquidity crisis at FTX

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kittywrastler t1_j00ejiu wrote

All that negative Bitcoin pressure, what would prices get to had he not be liquidating them all?

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