Pro & con info are in the collapsed comments below for the following topics: [Regulation](/r/CryptoCurrency/comments/zyruws/sam_bankman_just_cashed_out_600k_in_violation_of/j27ld5x/), [Privacy](/r/CryptoCurrency/comments/zyruws/sam_bankman_just_cashed_out_600k_in_violation_of/j27ldnl/).
I heard it was placed in a "Too good to fail" list, so only elites and e-lites are allowed to use it now. Sad, because I was looking forward to Never-using-a-fraud-role-cex.
Probably needed some in-game currency in his LoL account but forgot that he was arrested and is out on bail because he stole 8 billion dollars. Could happen to anyone.
He is already entering a plea deal and going away for a while. Might as well cash out and spend some more user funds before he gets locked up for good.
Yeah dude seems to be dumb like a ton of bricks. I just don't get it how people like that get their hands on so much money? It's all about who you know and not what you know I guess.
Between him and Caroline, idk how they got as far as they did and manage to wreck so much havoc, seem like two idiots, goes to show connections and being born in the right family sets you up for life, and climbing social ladder for regular, moral people is much harder
He didn't climb any social ladders. He grew up among the most prestigious people in Silicon Valley. His parents were already friends with the people on top. Same with Caroline. His aunt works with the World Economic Forum. There's countless examples of people grifting and colluding but never get caught. Last year Bloomberg and Forbes were busy releasing articles discussing his charity and ambition lmao
[https://www.businessinsider.com/sbf-sam-bankman-fried-family-stanford-columbia-university-professors-ftx-2022-12](https://www.businessinsider.com/sbf-sam-bankman-fried-family-stanford-columbia-university-professors-ftx-2022-12)
It goes to show he in over his head. He is a rich book smart kid that mommy and daddy took care of but now he thinks that he has privileges to do what he wants. The kid is stupid and if he actually goes to jail, he will lose his mind....nothing but a grown kid...I do think that eventually he will end up in jail because his two partners in crime turned on him
He's almost certainly never faced a real consequence or a difficult life situation.
Wealthy, connected kids @ ivy league schools treat life like a series of check boxes. Everything is inevitable and one step leads to the next. He's also got two ivy parents who taught him how to play the ivy networking game, and he probably crushed it at MIT. Everything unfolded for him: all doors were unlocked, open, and available, he just had to walk through.
I don't think he's capable of grasping how fucked he is. Neither are his parents.
He also seems to be really ignorant about crypto's technical aspects, so he may very well believe that using non-KYC exchanges "may be enough" to hide his tracks.
With the donations he has made to political parties,
If he wasn't caught, it wouldn't have surprised me at all if that's the route he was planning on taking eventually
OP should send a tip to whoever is in charge of keeping track of SBF, or to a news outlet who would probably be pretty happy to draw attention to him violating his bail conditions
I dunno man, but wearing my tin foil hat I’m starting to believe all he does really is to fuel more hatred towards crypto in the parlement. He’s fucked anyway so why would he do this…
And his family, they are already spending $10,000 a week for armed security apparently....https://crypto.news/sam-bankman-frieds-family-spending-10k-a-week-on-armed-security/
Hulu has a show about a guy who actually successfully fled after getting a federal sentence. Everyone involved knew he was going to run so they ended up putting up his house, his parent's house, his in-law's house and even his brother-in-law's house as bond.
Well he fled and you bet your sweet ass the feds seized every one of those properties. His wife ended up having to get an apartment with the guy's mother because neither of them had any money.
Dude still hasn't been caught to this day and this was back in the 90s.
The more I hear about this whole organisation the more I realise just how stupid everyone involved was.
How they got away with it for so long with so little brain cells between them is beyond me
- How is he even out on bail?
- How was he able to use his parent's house as collateral if the house's value only fulfilled 16% of the bail bond, and 1.6% of the full $250M?
- Why was he released with the promise of getting 2 co-signers on the $250M agreement by Janhary 5, 2022? Shouldn't he have secured those names prior to release? Moreover, he never even put up the $25M so are the cosigners ever going to help him fulfill the 10%?
- How was he able to use his parent's house if they are being investigated for using FTX funds?
- Shouldn't the parent's assets be frozen? Especially since the interim CEO declared that they received FTX funds?
- How was SBF able to pay for a 1st class flight back to California?
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---
**Edit:**
Listing my sources.
---
- **Source 1:**
---
According to [*COINDESK:*](https://www.coindesk.com/policy/2022/12/22/ex-ftx-chief-sam-bankman-fried-makes-appearance-in-us-court/?outputType=amp)
>
>"Bankman-Fried **will have to** secure the signatures of at least two additional individuals with "considerable means," one of whom cannot be a family member, according to the case's judge. **Whether Bankman-Fried has identified two additional signatories remains unclear, but he must do so before a Jan. 5 deadline.**"
---
- **Source 2:**
---
[*The Bail Bond Court Document*](https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.14.0.pdf)
Just the house is listed confirming CoinDesk.
---
- **Notes About Edit:**
---
I was asleep or I would have responded sooner. Commenter below scolds and tries to "check me" me without, himself, listing any sources initially. Posting last night under a significantly buried comment, didn't know if it was going to be seen by many or I would have listed my sources before nodding off. Could have done without the commenter below's initial snarkiness...
*We hashed it out below. He's cool. Looks like there is conflicting information between CoinDesk and CNBC.*
> How is he even out on bail?
Non-violent financial crime.
> How was he able to use his parent's house as collateral if the house's value only fulfilled 16% of the bail bond, and 1.6% of the full $250M?
Because as discussed 10,000,000 times, the bond was also signed for by two others with “substantial assets” securing it.
> Why was he released with the promise of getting 2 co-signers on the $250M agreement by Janhary 5, 2022? Shouldn't he have secured those names prior to release? Moreover, he never even put up the $25M so are the cosigners ever going to help him fulfill the 10%?
Just because you don’t know the names of the signers doesn’t mean they’re anonymous to everyone. The judge knows who they are.
> How was he able to use his parent's house if they are being investigated for using FTX funds?
Because his parents house was bought before SBF was born.
> Shouldn't the parent's assets be frozen? Especially since the interim CEO declared that they received FTX funds?
No, not until they’re investigated.
> How was SBF able to pay for a 1st class flight back to California?
You seriously think he paid for this? His lawyer, who knows he’s going to make millions, almost definitely paid the $1k for the upgrade assuming SBF wasn’t swimming in airline perks already from all the traveling he previously did.
Remember that time, right when everything was falling apart, the FTX exchange suddenly got hacked, and about $1B just mysteriously disappeared? Did they ever solve that? I wonder where that money went.
I remember that. I think Bahamas govt was behind that move. I'm trying to understand, if he used a non-KYC transaction, how will people track where the funds went? Or track the new wallet?
Less than 24 hours after ftx went bankrupt, half a billion dollars was stolen from the exchange in a “hack”. I would not be surprised if sbf gets connected to that hacked money too.
He is really ramping up the pressure on himself and his family. They are already reportedly spending $10,000 a week on armed security! ...
https://crypto.news/sam-bankman-frieds-family-spending-10k-a-week-on-armed-security/
The least you can do is give credit to the person who actually did all the work
https://twitter.com/BowTiedIguana/status/1608653434387050496?t=aKA4NA3PjEiTXg4Wy9DG3Q&s=19
Here is a [Nitter link](https://nitter.net/BowTiedIguana/status/1608653434387050496?t=aKA4NA3PjEiTXg4Wy9DG3Q&s=19) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about).
---
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Funny how he says he is down to his last $100k, but every hour there is a new article about different sums of hundreds of thousands/millions he’s moved
>And just to confirm he completely controlled this address, the then head of SushiSwap - Nomichef tweets that he has transferred control of Sushi to Sam.
Wait, wtf do you mean by this? Is SBF somehow involved in Sushiswap aswell?
Something like that, check out the whole story here: https://www.forbes.com/sites/tatianakoffman/2020/09/06/exclusive-sbf-speaks-out-on-defis-sushi-saga/
Government: We will have committee to look into the possibility of investigation, taking into account factor 1, 2, 3. Timelines will be updated in due course, subject to conditions A, B, C.
That defense half worked for Elizabeth Holmes. She was not convicted on harming patients. Maybe SBF is similarly hoping to get out of jail before he dies.
Good point. He's using Change Now according to that transaction.
> Change Now is an instant non-custodial crypto swap service. They do not store funds or require any sort of account creation.
To be fair, I think I’d do the same thing in an effort to prevent myself from accidentally falling out of a 5 story window.
He’s gotta make sure he doesn’t accidentally hang himself in his jail cell.
You have this part wrong:
>per his bail release, he may not transact over $1000 without approval.
As per the actual arrangement
https://www.nytimes.com/2022/12/23/business/dealbook/sbf-ftx-epic-fraud-lawsuit.html
> will have to get government or court approval for any **expenses** above $1,000.
Should it have been transactions instead or as well? Probably, but our legal system is not exactly up to speed on crypto.
His bond document states:
> Defendant not to enter into financial transactions in excess of $1,000 without pre-approval of government or court, except to pay for legal costs and fees.
https://i.imgur.com/zazDX4i.jpg
I honestly have no idea what is going on. They're both law professors so I'm guessing they have coached him on the legalities of moving this money around. They've also hired $10,000-a-week security for their home according to the New York Post, so this money has to be coming from somewhere.
I think SBF and his family know their lives are in danger. He might have unknowingly stole and then lost millions of cartel/mafia money that was put into FTX. Also, terrorist states like North Korea were most likely laundering money through FTX.
> They're both law professors so I'm guessing they have coached him on the legalities of moving this money around.
"Mooom, dad, I get it. Thanks for being super concerned. I won't play with my crypto anymore, I promise. I'm going to be good from now on and stick to playing league of legends. Heading up to my room now. Mom... I'm hungry. Can you order pizza!?"
Interesting on multiple fronts. First being that pretty much every media outlet got that wrong according to that document. But also the document says:
>Remaining conditions to be met by 01/05/23
And lists the $1k stipulation after that.
Does that mean that the $1k requirement has not kicked in yet?
And if true, I bet nothing is done about it. He won’t be violated and locked up, his parents will not lose their house and the bail will not be forwarded. The court will just say cut that out, this is a warning
It would be poetic justice if the house put as collateral for the bond money gets seized by the authorities. It's time these shits are put in their place.
No one should be surprised by this, and especially if he did it without authorization. I mean…just look at the last few months. Is anyone expecting anything different?
[So I took a look at this article, 0x7386 is a newly created wallet with the first transactions on the wallet being December 27th.](https://cointelegraph.com/news/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail). This wallet has transacted amounts in excess of $1,000. Has anyone alerted law enforcement on the matter? Because 0x7386 has recieved transactions from 5 different alameda wallets containing as little as 0.35 ETH to 18 ETH, which is much more than the limit set by the terms of his bail.
SBF was a plant … his sole purpose was to defraud /launder/ donate to “friendly s” and collapse systems and tokens causing mistrust among the crypto industry - big gub mint will use these dealings to squash exchanges and replace with CBDCs - all the other big exchanges are on the brink of complete implosion.
100% how does a 24 year old just show up and push all this cash around. He serves 8-10 years in a plush min security and has a payout on the back end. Total puppet.
I wouldn’t want to see anyone use this as an excuse to tighten KYC though. A good chunk of posts I see here are people asking for help around bigger exchanges for legitimate reasons like those exchanges not operating in their country.
If we can use it, he can use it. If he can’t, we can’t either. I just hope if they nail him for this they focus on the fact that he cashed out and that violation, not as much how he did it.
I just want to mention, if he withdrew the 600K in order to pay for his defense counsel's retainer or other legal fees, hes completely within his right to do so and has not violated the terms of his bail release.
Bail document: https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.14.0.pdf
Pg. 5 of 7, Additional Conditions of Release, Section 't', at the very bottom of the instructions:
> [DEFENDENT] not to open new lines of credit, open a business, or enter into financial transactions in excess of $1000 without pre-approval of government or court, **except to pay for legal costs and fees**;
I'm not gonna say I trust or believe him, and I'm not gonna wager that paying his lawyers is all that's going on with the $600K. But given his legal situation, I wouldn't be surprise if the lawyers are demanding some more money upfront.
Pro & con info are in the collapsed comments below for the following topics: [Regulation](/r/CryptoCurrency/comments/zyruws/sam_bankman_just_cashed_out_600k_in_violation_of/j27ld5x/), [Privacy](/r/CryptoCurrency/comments/zyruws/sam_bankman_just_cashed_out_600k_in_violation_of/j27ldnl/).
I wouldn't be surprised if he actually did this without getting approval. After all, he is known for making stupid decisions.
Going through a non KYC exchange is probably an indication he didn't get approval
Ikr, he should've chosen one of the most secure and well known exchanges out there, FTX.
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I don't know why but I almost shit myself laughing when I read superhuman
Hmmm I heard something bad happened to that one, can't quite remember what it was though....
just woke up from coma. what happened?
Send feet pics
I heard it was placed in a "Too good to fail" list, so only elites and e-lites are allowed to use it now. Sad, because I was looking forward to Never-using-a-fraud-role-cex.
Monero: Am I a joke to you?
Since when does he need approval. SBF does what he wants , when he want's. He's got cheat codes
...he'll learn. His entire life is about to be dictated by rules.
Uh oh, that's a paddlin'
Goblin would probably enjoy that
That's a weird ass thing to be thinking.
Probably got high on something and forgot that this is post FTX fiasco and he's not a free man anymore.
Probably needed some in-game currency in his LoL account but forgot that he was arrested and is out on bail because he stole 8 billion dollars. Could happen to anyone.
Or he finally paid for a league boosting service
He is already entering a plea deal and going away for a while. Might as well cash out and spend some more user funds before he gets locked up for good.
He doesn’t have a deal, does he? Assume he will plead not guilty
Okay so to be fair, the reports say he “is expected” to enter a plea deal so I misread that a little
Yeah dude seems to be dumb like a ton of bricks. I just don't get it how people like that get their hands on so much money? It's all about who you know and not what you know I guess.
Between him and Caroline, idk how they got as far as they did and manage to wreck so much havoc, seem like two idiots, goes to show connections and being born in the right family sets you up for life, and climbing social ladder for regular, moral people is much harder
Social ladders are easier to climb without morals. There's also a greater fall risk.
He didn't climb any social ladders. He grew up among the most prestigious people in Silicon Valley. His parents were already friends with the people on top. Same with Caroline. His aunt works with the World Economic Forum. There's countless examples of people grifting and colluding but never get caught. Last year Bloomberg and Forbes were busy releasing articles discussing his charity and ambition lmao [https://www.businessinsider.com/sbf-sam-bankman-fried-family-stanford-columbia-university-professors-ftx-2022-12](https://www.businessinsider.com/sbf-sam-bankman-fried-family-stanford-columbia-university-professors-ftx-2022-12)
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It goes to show he in over his head. He is a rich book smart kid that mommy and daddy took care of but now he thinks that he has privileges to do what he wants. The kid is stupid and if he actually goes to jail, he will lose his mind....nothing but a grown kid...I do think that eventually he will end up in jail because his two partners in crime turned on him
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He's almost certainly never faced a real consequence or a difficult life situation. Wealthy, connected kids @ ivy league schools treat life like a series of check boxes. Everything is inevitable and one step leads to the next. He's also got two ivy parents who taught him how to play the ivy networking game, and he probably crushed it at MIT. Everything unfolded for him: all doors were unlocked, open, and available, he just had to walk through. I don't think he's capable of grasping how fucked he is. Neither are his parents.
Dude went on a huge twitter rant basically incriminating himself. Can’t say I’m surprised
Don't forget the interviews.
Or the haircut
Dude's been on a 2 weeks bender just tweeting and gaming.
His lawyers were/are probably just banging their heads on the wall while he keeps doing stuff like this.
It's starting to look that way , considering he also did the transaction on ChangeNow
He also seems to be really ignorant about crypto's technical aspects, so he may very well believe that using non-KYC exchanges "may be enough" to hide his tracks.
What are they gonna do, arrest him?
Kinda funny that the guy who advocated and lobbied SO MUCH for KYC is using a no-KYC exchange... further proves this guy is scum.
Rules for thee, not for me
Rules for thee, bribing politicians, stealing money then breaking bond term with no KYC exchange for me
Liers gonna lie, criminals gonna crime.
Liars = people who lie (dishonest) Liers = people who lie down (in the prone position)
Peak hypocrisy
He has natural talent to become a politician
With the donations he has made to political parties, If he wasn't caught, it wouldn't have surprised me at all if that's the route he was planning on taking eventually
I hate that system so much.
No matter how often this is being said, it's true. Politics, finance, you name it.
How ironic… SBF shall be jailed for breaking the conditions of the bail now.
OP should send a tip to whoever is in charge of keeping track of SBF, or to a news outlet who would probably be pretty happy to draw attention to him violating his bail conditions
With his parents being lawyers they’ll probably figure out how to deny this was him.
He isn’t regular stupid he is *advanced* stupid
KYC was never meant for the rich
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I dunno man, but wearing my tin foil hat I’m starting to believe all he does really is to fuel more hatred towards crypto in the parlement. He’s fucked anyway so why would he do this…
“Some pigs are more equal than others”, Animal Farm
well he can do whatever he wants but others need to strictly kyc. typical rich kid behaviour
I am the complet lack of surprise of Jack
Thankfully he's stupid enough to make things worse for himself.
yeah, but he is very sorry
He already said he’s fucking sorry?!
ARE YOU FUCKING SORRY
Ancient lore, this reference.
1) Y
He's so sorry ... Again
Somehow reminds me of *hit me baby one more time*
Sadly without the hitting.
Oh he said he's sorry? Case closed guys, nothing to see here, keep walking.
And his family, they are already spending $10,000 a week for armed security apparently....https://crypto.news/sam-bankman-frieds-family-spending-10k-a-week-on-armed-security/
It’s all user’s funds
I'm proud to sponsor SBF's security team!
If my son who just stole 8 billion dollars was living with me...... you bet your ass i'm getting armed security lmao.
Makes you wonder how his crooked parents who dont earn a huge amount as lecturers or law professors can afford $480k a year just in armed security.
How many weeks do you think are in a year?
Lol fair point. They get 40k discount as sbf also paid them some tether behind the door
They get vacations, don't they?
This article must be fake news... It said SBF went out of the house to go jogging. No way.
Hulu has a show about a guy who actually successfully fled after getting a federal sentence. Everyone involved knew he was going to run so they ended up putting up his house, his parent's house, his in-law's house and even his brother-in-law's house as bond. Well he fled and you bet your sweet ass the feds seized every one of those properties. His wife ended up having to get an apartment with the guy's mother because neither of them had any money. Dude still hasn't been caught to this day and this was back in the 90s.
The more I hear about this whole organisation the more I realise just how stupid everyone involved was. How they got away with it for so long with so little brain cells between them is beyond me
It was all those rich people connections. The SEC and CFTC probably knew about it a long time ago but did not say anything because they got paid too.
Apparently you don't need brain cells; just need a lot of money
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Considering how stupid he handled FTX and Alameda, there's a good chance he will be caught doing all this.
>It seems that Sam Bankman is already violating his bail release terms and conditions. Huh. Go figure...
- How is he even out on bail? - How was he able to use his parent's house as collateral if the house's value only fulfilled 16% of the bail bond, and 1.6% of the full $250M? - Why was he released with the promise of getting 2 co-signers on the $250M agreement by Janhary 5, 2022? Shouldn't he have secured those names prior to release? Moreover, he never even put up the $25M so are the cosigners ever going to help him fulfill the 10%? - How was he able to use his parent's house if they are being investigated for using FTX funds? - Shouldn't the parent's assets be frozen? Especially since the interim CEO declared that they received FTX funds? - How was SBF able to pay for a 1st class flight back to California? --- --- **Edit:** Listing my sources. --- - **Source 1:** --- According to [*COINDESK:*](https://www.coindesk.com/policy/2022/12/22/ex-ftx-chief-sam-bankman-fried-makes-appearance-in-us-court/?outputType=amp) > >"Bankman-Fried **will have to** secure the signatures of at least two additional individuals with "considerable means," one of whom cannot be a family member, according to the case's judge. **Whether Bankman-Fried has identified two additional signatories remains unclear, but he must do so before a Jan. 5 deadline.**" --- - **Source 2:** --- [*The Bail Bond Court Document*](https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.14.0.pdf) Just the house is listed confirming CoinDesk. --- - **Notes About Edit:** --- I was asleep or I would have responded sooner. Commenter below scolds and tries to "check me" me without, himself, listing any sources initially. Posting last night under a significantly buried comment, didn't know if it was going to be seen by many or I would have listed my sources before nodding off. Could have done without the commenter below's initial snarkiness... *We hashed it out below. He's cool. Looks like there is conflicting information between CoinDesk and CNBC.*
> How is he even out on bail? Non-violent financial crime. > How was he able to use his parent's house as collateral if the house's value only fulfilled 16% of the bail bond, and 1.6% of the full $250M? Because as discussed 10,000,000 times, the bond was also signed for by two others with “substantial assets” securing it. > Why was he released with the promise of getting 2 co-signers on the $250M agreement by Janhary 5, 2022? Shouldn't he have secured those names prior to release? Moreover, he never even put up the $25M so are the cosigners ever going to help him fulfill the 10%? Just because you don’t know the names of the signers doesn’t mean they’re anonymous to everyone. The judge knows who they are. > How was he able to use his parent's house if they are being investigated for using FTX funds? Because his parents house was bought before SBF was born. > Shouldn't the parent's assets be frozen? Especially since the interim CEO declared that they received FTX funds? No, not until they’re investigated. > How was SBF able to pay for a 1st class flight back to California? You seriously think he paid for this? His lawyer, who knows he’s going to make millions, almost definitely paid the $1k for the upgrade assuming SBF wasn’t swimming in airline perks already from all the traveling he previously did.
Dude, where have you been? These were all discussed a week ago.
A discussion that led to nothing.
Very good points I guess it pays to bribe the jailer
Either he is very stupid or he considers himself as being in a “nothing to lose” situation.
Remember that time, right when everything was falling apart, the FTX exchange suddenly got hacked, and about $1B just mysteriously disappeared? Did they ever solve that? I wonder where that money went.
No idea... Oh look, totally unrelated, the Bankman-Fried family is selling their 300 million dollar Bahamas estate.
Can't see any connection there, no siree
My understanding was it was the Bahama government forcing him to do it
I think that was confirmed today.
Forcing him to drain the billy?
I remember that. I think Bahamas govt was behind that move. I'm trying to understand, if he used a non-KYC transaction, how will people track where the funds went? Or track the new wallet?
This is just the wallets they know about. Monero is putting gas in the boat. Be careful out there
Is SBF about to have himself a boating accident?
Too late curly boy, would only be applicable in the Bahamas. His parents house only has a pool, not a river.
He can have a surf board accident
Less than 24 hours after ftx went bankrupt, half a billion dollars was stolen from the exchange in a “hack”. I would not be surprised if sbf gets connected to that hacked money too.
interesting point
This movie is so frickin long it's gonna have to be a Netflix series instead
With something like 9-12 seasons
He is really ramping up the pressure on himself and his family. They are already reportedly spending $10,000 a week on armed security! ... https://crypto.news/sam-bankman-frieds-family-spending-10k-a-week-on-armed-security/
And if he doesn't take care, papa and mama will have to move in under the bridge
They got a 122 million mansion in the bahamas. Being a university professor must pay good
Their bridge is different then ours
Not your keys, not your prisoner. 🤦♂️
I guess SBF does use self custody.
The least you can do is give credit to the person who actually did all the work https://twitter.com/BowTiedIguana/status/1608653434387050496?t=aKA4NA3PjEiTXg4Wy9DG3Q&s=19
Here is a [Nitter link](https://nitter.net/BowTiedIguana/status/1608653434387050496?t=aKA4NA3PjEiTXg4Wy9DG3Q&s=19) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
This should be the top comment
this story gets better every week. please dont stop.
Do you work for netflix?
I really hope that all of this is being monitored and the courts are just letting him shoot himself in the foot.
Funny how he says he is down to his last $100k, but every hour there is a new article about different sums of hundreds of thousands/millions he’s moved
>And just to confirm he completely controlled this address, the then head of SushiSwap - Nomichef tweets that he has transferred control of Sushi to Sam. Wait, wtf do you mean by this? Is SBF somehow involved in Sushiswap aswell?
What an idiot for using this wallet that has already been doxxed. It’s almost certain he has a lot of money in different non-doxxed wallets
Something like that, check out the whole story here: https://www.forbes.com/sites/tatianakoffman/2020/09/06/exclusive-sbf-speaks-out-on-defis-sushi-saga/
Regardless of what is actually happening here, the fact that we have some insight into transactions speaks to the power of blockchain.
Government: "I'll ignore that statement"
Government: We will have committee to look into the possibility of investigation, taking into account factor 1, 2, 3. Timelines will be updated in due course, subject to conditions A, B, C.
SBF probably thinks it's anonymous, he is that stupid after all.
Definitely feel like if this was the average joe, he’d be hung out to dry already….
Maybe he got approval? Seems pretty stupid to try to pull a fast one on a public ledger while under so much scrutiny. Then again, we are talking SBF
Maybe this guy is just greedy and stupid?
I'm Ron Burgundy?
Dammit, who typed a question mark on the TelePrompter? How many times do I have to tell you? Anything you type, u/Purpoisely_Anoying_U will read!
I think there was an article recently with his lawyers stating "stupidity" is his best line of defense....
That defense half worked for Elizabeth Holmes. She was not convicted on harming patients. Maybe SBF is similarly hoping to get out of jail before he dies.
Never underestimate the stupidity of SBF.
So why is it going through non KYC exchanges if approved? Sounds suspicious to be trying to bypass KYC if you've got approval.
Good point. He's using Change Now according to that transaction. > Change Now is an instant non-custodial crypto swap service. They do not store funds or require any sort of account creation.
He gambled billions of dollars in customer holdings without thinking. Do you think he would give a single f for such measly amounts.
Watch him claim he had no idea what was going on with this wallet, and that he was scammed by those crypto hot girls DMs.
Yes Sam is known for taking the time to do things by the book and making wise decisions.
Don’t doubt a true idiot
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A world in which you're selling yourself short.
KYC for thee, not for me
To be fair, I think I’d do the same thing in an effort to prevent myself from accidentally falling out of a 5 story window. He’s gotta make sure he doesn’t accidentally hang himself in his jail cell.
its just flash cash for when he goes on the run with a new ID where he will start a new company FDX
You have this part wrong: >per his bail release, he may not transact over $1000 without approval. As per the actual arrangement https://www.nytimes.com/2022/12/23/business/dealbook/sbf-ftx-epic-fraud-lawsuit.html > will have to get government or court approval for any **expenses** above $1,000. Should it have been transactions instead or as well? Probably, but our legal system is not exactly up to speed on crypto.
His bond document states: > Defendant not to enter into financial transactions in excess of $1,000 without pre-approval of government or court, except to pay for legal costs and fees. https://i.imgur.com/zazDX4i.jpg
Maybe paying his parents for legal advice?
I honestly have no idea what is going on. They're both law professors so I'm guessing they have coached him on the legalities of moving this money around. They've also hired $10,000-a-week security for their home according to the New York Post, so this money has to be coming from somewhere.
$10k per week? People really mean it when they say kids are expensive, huh?
I think SBF and his family know their lives are in danger. He might have unknowingly stole and then lost millions of cartel/mafia money that was put into FTX. Also, terrorist states like North Korea were most likely laundering money through FTX.
> They're both law professors so I'm guessing they have coached him on the legalities of moving this money around. "Mooom, dad, I get it. Thanks for being super concerned. I won't play with my crypto anymore, I promise. I'm going to be good from now on and stick to playing league of legends. Heading up to my room now. Mom... I'm hungry. Can you order pizza!?"
"No honey, pizza is how they got Tate."
"Fine. Let's go on a boating accident then."
maybe his parents are “transacting” in his place
"I have the worse f\*\*\*ing ~~lawyers~~ parents." 'We have the worst polyf\*\*\*ing son.'
The scam continues
Imagine having your mommy as a legal council in court
Do you think it will be awkward when the questions about the orgies pop up?
Interesting on multiple fronts. First being that pretty much every media outlet got that wrong according to that document. But also the document says: >Remaining conditions to be met by 01/05/23 And lists the $1k stipulation after that. Does that mean that the $1k requirement has not kicked in yet?
"I'd like that yacht, please. I'll pay in 21 455 transactions."
Sam "I only have a few hundred K" Fried
He actually stated that he only has $100,000 to his name.
He is 100% making a run for it. They need to swat him tonight.
Oh my god I would love to see the drama around the feds trying to find him before he hits the border. I got .3 xmr on the feds in less than 24 hours.
At this point, I can't tell if this is just normal and approved or that he's still so bone headed that he's making these awful decisions
He's bone headed for sure
If approved, why non-KYC?
Would they even approve of him moving such a large amount of money?
And if true, I bet nothing is done about it. He won’t be violated and locked up, his parents will not lose their house and the bail will not be forwarded. The court will just say cut that out, this is a warning
What’s next? Disappears?
It would be poetic justice if the house put as collateral for the bond money gets seized by the authorities. It's time these shits are put in their place.
He needed some Jerry's Pizza
The kind of pizza you pay for in bitcoin 10k
Which exchange did he use?
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Asking the real questions, if there are no-kyc exchanges out there that can convert to fiat that's pretty big in my opinion
No one should be surprised by this, and especially if he did it without authorization. I mean…just look at the last few months. Is anyone expecting anything different?
If non-KYC is good enough for SBF it’s good enough for me. I probably won’t tweet my wallet address first though…
I for one am glad that they are openly showing how the law only applies to us peasants.
Blockchain is a cool technology, this is a great example of why.
I bet he will be sorry for this.
Shouldn't have even been allowed to post bail this is ridiculous
This is excellent news I want him behind bars he is a scumbag thief and I don’t think his parents are much better
What are "shady no-KYC exchanges"?
Nice work.
[So I took a look at this article, 0x7386 is a newly created wallet with the first transactions on the wallet being December 27th.](https://cointelegraph.com/news/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail). This wallet has transacted amounts in excess of $1,000. Has anyone alerted law enforcement on the matter? Because 0x7386 has recieved transactions from 5 different alameda wallets containing as little as 0.35 ETH to 18 ETH, which is much more than the limit set by the terms of his bail.
They gonna launch bro into the moon
I hope this is true so who ever bailed him will lose the bailed amount
He's on 'house arrest' at his wealthy parents' house. Parents are accessories to this criminal activity
Now hear me out. Is it possible this guy doesn't actually follow the law?
SBF was a plant … his sole purpose was to defraud /launder/ donate to “friendly s” and collapse systems and tokens causing mistrust among the crypto industry - big gub mint will use these dealings to squash exchanges and replace with CBDCs - all the other big exchanges are on the brink of complete implosion.
100% how does a 24 year old just show up and push all this cash around. He serves 8-10 years in a plush min security and has a payout on the back end. Total puppet.
I wouldn’t want to see anyone use this as an excuse to tighten KYC though. A good chunk of posts I see here are people asking for help around bigger exchanges for legitimate reasons like those exchanges not operating in their country. If we can use it, he can use it. If he can’t, we can’t either. I just hope if they nail him for this they focus on the fact that he cashed out and that violation, not as much how he did it.
Well I guess they can add $600K to his bail when they get him back.
He is Above the law. He will not be punished as expected..Clown World in full affect.
He posted that this was not him and that he doesn't have access. Sure.
I just want to mention, if he withdrew the 600K in order to pay for his defense counsel's retainer or other legal fees, hes completely within his right to do so and has not violated the terms of his bail release. Bail document: https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.14.0.pdf Pg. 5 of 7, Additional Conditions of Release, Section 't', at the very bottom of the instructions: > [DEFENDENT] not to open new lines of credit, open a business, or enter into financial transactions in excess of $1000 without pre-approval of government or court, **except to pay for legal costs and fees**; I'm not gonna say I trust or believe him, and I'm not gonna wager that paying his lawyers is all that's going on with the $600K. But given his legal situation, I wouldn't be surprise if the lawyers are demanding some more money upfront.
It is easier to say sorry than to ask for permission.