bit¢oin$

tbh as soon as it emerged that sbf's parents were stanford law professors with sidelines in moral philosophy (mum) and psychology (dad) they shd have locked the whole family up and invented charges afterwards

this is justice as i understand it

the trolley problem but anyone walking on a train line has their life insurance paid to the train company and the train driver is on a pedestrians killed KPI bonus scheme

impressive

SBF FACES 8 COUNTS:

1- Conspiracy to Commit Wire Fraud on Customers
2- Wire Fraud on Cust
3- CtC Wire Fraud on Lenders
4- Wire Fraud on Ls
5- CtC Commodities Fraud
6- CtC Securities Fraud
7- CtC Money Laundering
8- Conspiracy to violate Campaign Fin Lawshttps://t.co/eVsN6WBrXF

— kadhim (＾ｰ^)ノ (@kadhim) December 13, 2022

Wire Fraud on Ls: accurate if unkind description of those defrauded imo

can't believe these out-of-control woke courts are trying to criminalise the the simple act of doing crimes

lol xp

someone on twitter said that all the charges are related to ftx investors, people who gave them actual money, cause the prosecutors dont want to deal with crypto

Reasonably, probably

You wanna explain crypto to a jury?

asked and answered at the house committee on financial services

Rep. Perlmutter (D-CO) asks if dogecoin is pronounced "doe-gee-coin" or "doggycoin". Someone helps him out. "Oh, dohj-coin!"#FTXhearing

— Molly White (@molly0xFFF) December 13, 2022

Perlmutter didn't run for the next congress, so these last few weeks of his tenure must feel a little like the last day of school

Shades of Ian Watkins here

Sam Bankman-Fried and other members of the inner circle of the collapsed crypto exchange FTX allegedly formed a chat group on the encrypted platform Signal under the name “Wirefraud”.

lmao they used QuickBooks for recordkeeping

Huizenga asks about possible US users of FTX​.com.

Ray says somewhere on the order of hundreds. He says that those customers having billions of dollars on FTX​.com is probably an overly high estimate.#FTXhearing

— Molly White (@molly0xFFF) December 13, 2022

all those ads for the US version and they had hundreds of users!!

oh wait, I'm misreading -- ftx.com was the "not for US citizens" version and ftx.us was the "just for you, US citizens!" version

You wanna explain crypto to a jury?

― G. D’Arcy Cheesewright (silby), Tuesday, December 13, 2022 11:39 AM (fifty-two minutes ago) bookmarkflaglink

yeah and they havent even really decided how to classify various cryptos and whatnot

is this it

The world's largest crypto exchange is blocking the ability to withdraw your funds after getting hit with almost $1 billion in withdrawals over 24 hours. https://t.co/YGzRhPC1cz

— Max Burns (@themaxburns) December 13, 2022

Cannot wait until every one of these cryptofucks are broke, in jail, or both.

...should do time just for calling themesves "Binance"...

I keep thinking it’s a kink term like findom.

being a paypig seems far more rewarding than buying bitcoin

in that I've been tempted to be a paypig but not to buy bitcoin

buttcoin

blockwhips, blockchains

paycoin

Paypal sounds pretty sexy too

paybuddy

bitch better have my money

some intrigue. all I know if paul le roux is that (great) atavist profile a few years ago

If you follow the endless “who is Satoshi Nakamoto” saga, you may have seen new claims of alleged proof that Paul Le Roux is Satoshi. Since I’m getting messages about it, some thoughts... (warning: very long, mute thread if it’s not your bag) 1/https://t.co/4amOnXu4zY

— Evan Ratliff (@ev_rat) December 14, 2022

there was a pretty convincing story about who he was a while ago but i cant remember now lol

i always forget william gibson climaxes

Well, as long as you’re not the one fucking him it probably doesn’t matter

This is weird? The auditor for Binance (and a few other exchanges) appears to be getting out of the game in a hurry.
https://www.ft.com/content/9bde8b35-aba8-4f95-a408-9a3789efd889

is this weird exactly?

Auditing firm cuts ties with crypto clients, deletes Binance's "proof of reserves" report they issued days prior

December 16, 2022https://t.co/glg35j378w pic.twitter.com/8iYzZqD3Jj

— web3 is going just great (@web3isgreat) December 16, 2022

ah weird

Mazars was also Trump Org’s auditing firm.

🚨BINANCE_US RECEIVES $10 MILLION $USDT INFUSION FROM BINANCE MAIN WALLETS.

THESE ARE NOT SEPARATE ENTITIES. FUNDS ARE COMMINGLED ACROSS ENTIRE BINANCE NETWORK!

BINANCE_US IS A FRONT, JUST LIKE FTX_US. https://t.co/bIXgnLkFZX pic.twitter.com/PbxXc25bjf

— DIRTY BUBBLE MEDIA: WHO AUDITS THE AUDITOR? (@MikeBurgersburg) December 17, 2022

who burgs the burgersburg

why has bitcoin not been crashing these past four months? what's keeping it up?

The international crime ring keeping it afloat through wash trades?

Collusion

I mean, I get that, but every day it seems there's a new reason that it should crash for good now, and yet...
I mean are we just waiting for Tether to go?

yeah i think so tho maybe binance going under could trigger it too, i mean the vast majority of crypto is held by a relative handful of people aka the conspirators and theyre going to continue to pump it until they lose their ability to do so or until i guess there just no point which is to say there are no more suckers walking in the door, so in some sense prob itll never end but i do think theres going to be a major crash and then itll just become much smaller for good

recent bloomberg article not sure if it was posted here detailing a leak of fed prosecutors discussing whether they should charge binance now or gather more evidence and charge them later, gotta think theyre all up in tethers shit too

Bitcoin doesn't have a single associated company to be brought down by, people buying bitcoin are generally just voting "it's worth this amount right, it makes sense that it's worth this amount?". It might not make sense, but as long as there's people who think it does, the price will stay up. It's the one that the SEC doesn't consider a security.

theoretically true but not actually how it works

because of the fraud

I think you maybe need to reread that