FTX's Inner Circle Had a Secret Chat Group Called 'Wirefraud' (afr.com) 46
An anonymous reader quotes a report from the Australian Financial Review: Members of the inner circle of power at collapsed cryptocurrency exchange FTX formed a chat group called "Wirefraud" and were using it to send secret information about operations in the lead up to the company's spectacular failure. On Monday (Tuesday AEDT) Mr Bankman-Fried denied being part of the chat saying, "If this is true then I wasn't a member of that inner circle (I'm quite sure it's just false; I have never heard of such a group). The news of the chat group heightens concerns about the prospect of wrongdoing by Mr Bankman-Fried and his colleagues. Last week, Mr Bankman-Fried said he no longer had access to many of his own private communications. He was scheduled to testify virtually before the House Financial Services Committee on the 13th, but was arrested by the Royal Bahamas Police Force the day before. That said, Forbes published a transcript of SBF's planned testimony, where he at no point admits fraudulent behavior and does not address the (multi-)billion dollar loans that helped contribute to the collapse.
Most recently, we learned that FTX's chief engineer made a secret change to the cryptocurrency exchange's software that allowed FTX to use client money.
Most recently, we learned that FTX's chief engineer made a secret change to the cryptocurrency exchange's software that allowed FTX to use client money.
The money was stolen and he is to blame (Score:5, Informative)
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Sure. But mansions in the Bahamas, drugs, orges, and fraud chat groups are what will make the movie fun.
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Sure. But mansions in the Bahamas, drugs, orges, and fraud chat groups are what will make the movie fun.
Please, go on. We are dying to know what word you wanted there.
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he meant ogres, large man eaters.
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it's just not a party without Shrek!
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https://www.urbandictionary.co... [urbandictionary.com]
Re:The money was stolen and he is to blame (Score:4, Insightful)
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He's gonna be in prison for a dozen real crimes. But the TOS will have nothing to do with it.
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Lol, his ass is going to prison. His only hope is the judge is merciful and sends him to a nice white collar country club instead of "fuck me up the ass" real federal pen where he will be raped his first day and dead by week's end.
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Yup. This.
Like him or hate him, SBF fucked up bad by screwing over other people with real money. He's made some serious enemies, and now he has to pay the toll. Justice at this level is not the same as us day-to-day dumbfucks that get railed for low-level stuff like speeding in a school zone but not hitting anything, these folks are out for emotional revenge because their wallets (er, I meant "hearts") are injured.
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Lol, his ass is going to prison. His only hope is the judge is merciful and sends him to a nice white collar country club instead of "fuck me up the ass" real federal pen where he will be raped his first day and dead by week's end.
Do you mean to say there is a bedpost & bed sheet somewhere waiting for him in a cell with a cellmate that saw nothing unusual?
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That's the country club version. In real prison he'll just get knifed or kicked to death.
Re: The money was stolen and he is to blame (Score:2)
Woodnymph? (Score:1)
But where was the âoewoodnymphâ group if you wanted to page Caroline, for a drug fueled midsummerâ(TM)s nightâ(TM)s dream? And she would use those moments to get more millions for Alamedaâ¦.
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Please get a real computer so we can read your posts. I can't read that scramble from your toy.
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In reality, the closest that it's actually verified that SBF came to doing anything like this was his own claim that he planned to spend at least $100M of his ow
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Anyone with more than a single brain cell knows that Trumpism is crap. Still the knuckle-dragging-mouth-breathers will vote for Trump or DeSatan over any 'lib'.
The world is not made of two teams, there is no us or them, we are all in this together even if it is really every person for themself. Nothing is black and white. All conspiracy theories start with some nugget of truth, at the same time most conspiracy theories are bunk. Your own reading between the lines is wrong, your ideas about conspiracy are w
Re: The secret password was: (Score:1)
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What the fuck are you even babbling about?
The Lesson (Score:3)
The Lesson: "That won't be funny someday in the wrong context". Corollary: "That will happen."
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Re: The Lesson (Score:2)
I'm almost surprised... (Score:5, Insightful)
Even(if anything, especially) if you are doing crimes the trivial amusement you get from this sort of thing just isn't worth the risk of potentially providing someone with ammunition in the future.
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They'll be roasting his chestnuts over an open fire.
Re: I'm almost surprised... (Score:2)
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Probably did do it (Score:2)
He probably did do it, but encrypted his conversation. By the laws of the courts, if you encrypted a conversation and refuse to provide the key, it's as if they can use the evidence against you anyway. Not kidding.
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It only applies (in this context) to civil trials, where it is presumed that if the evidence would support your side, you would produce it, therefore an adverse inference is drawn, in a relatively rare case of law-talkers having a means of directly acknowledging the bloody obvious.
It can also occur in the context of deliberate destruction of evidence, aka "obstruction of justice," either civilly or criminally, on a simi
SBF can't hide behind stupid (Score:2)
FTX's chief engineer made a secret change (Score:4, Interesting)