As the scale of the fraud, mounting into the deca-billions, is discovered, we are distracted by the pantomime being played out with SBF and his “gang of 4”. It is all misdirection! The puppet master behind the scenes is Dan Friedberg, FTX “legal Counsel”.
While the world is leaked stories of drug fuelled sex orgies at the Bahama penthouse of SBF, Harry Potter Math defect, Caroline Ellison and strange hacks on FTX draining the last remaining value of client funds, we don’t see much about Dan Friedberg. He is back at home
scrubbing the internet, destroying all evidence and draining any remaining funds.
Sources confirm that search warrants are prepared, freezing orders have started, and arrests await the finalisation of immunity deals with witnesses turned state’s evidence.
One lawyer close to Friedberg, is saying that Friedberg is making the rounds laying the foundations for the reconstructed narrative that it was the “gang of 4” and he was “on the outside”. The financial reporting system was designed deliberately so that only the
“gang of 4” and Dan of course who created it, knew the real financials. That way, like the latest hack that by-passes any alerts, is part of the Friedberg GOD MODE back door.
Frieberg deliberately chose young millennials, he could manipulate. The baby General Counsel for FTX
that Frieberg installed, Can Sun, is reported as having a break down and in tears. It appears that the true ‘boy scout’ that remains at FTX, is General Counsel Ryne Miller. He is prosecutor’s best bet at piercing the Friedberg narrative.
Frieberg is not just an attorney pulling
the strings. He has a long history of fraud. He set up several on-line businesses, especially in on-line Poker with in infamous “GOD MODE”, that allowed him and his associates to see all the bets the players were making, their cash position and vulnerabilities and
would be able to swoop in at the right time to fleece them of their funds. Sounds familiar? It should. It is the same set up with SBF exchanges, Alameda as market maker and competing projects like the shitcoin Solana.
But there is more.
Occasionally, Dan would get caught. You can’t rob all of the people all of the time, forever. Dan nearly did. High Profile people like Ben Affleck get scammed too. But when he got caught, he has a playbook:
(1) find a patsy and pay them well;
(2) use GOD mode to drain all the funds from the operation, so there is nothing for the victims to go after;
(3) fabricate the evidence – backdated transactions so empty corporate shells are elevated and
get sworn statements from persons who can support the perversion of justice;

(4) pay off anyone you absolutely have to and shut them up with an NDA – invariably they are so financially decimated.
The absolute Poker/Ultimate Bet Superuser Scandal had voice recordings where Dan Friedberg is caught red handed. Even, his coaching of witnesses to give false evidence was leaked. Yet somehow, he escaped. He didn’t even lose his New York law licence. Will his connections over
the NY Bar Association save him in this global scandal, now?

As Mr Hussein Faraj, CEO of NuGenesis, wrote to Friedberg back in April 2022, when Friedberg thought he ruled the world as its puppet master:
“You are a deeply stupid person"
And so it appears!
Dan is widely said to be a “one trick pony” with limited intellectual capacity allowed to developed in his overinflated hubris. Sure, there will a deluge of stories about the weird SBF, baby executives at Alameda and FTX too inexperienced to understand how Dan pulled the strings
The final FTX hack to drain what is left of client funds on FTX exchanges, was precisely a GOD MODE style operation. Whilst Kraken claimed to have one side of the transaction: the FTX response team trying to counter the hack, the
hacker remains unknown. NuGenesis, sworn to take down Dan Friedberg as the Puppet master, have deployed a multi-level AI system, NAVIS, to isolate the Dan Friedberg modus operandi going back as far as chain analysis allows. NuGenesis have identified, what is now confirmed by
Huboi, that SBF was behind the collapse of Luna, UST, 3AW and many more which feature the trademark patterns of un-commercial trades which are huge loss makers in themselves, to trigger the price crash. The market makers do the rest.
Frieberg appears to create single use corporate shells for each dirty transaction. This may give investors hope that these fraudulent conveyances can be clawed back for the full 6 years permitted under US law, but few hold any real hopes of any recovery.
Who is behind Friedberg that could protect him? Friedberg was instrumental to using USDC as means of effecting intelligence sources paying off the Venezuelan opposition forces to ‘test run’ the USDC for ‘dirty dealing’ with conditions built into
the crypto to ensure those receiving it, do what they are paid to do. However, USDC has moved to the control of Blackrock. The intelligence community, especially intellegence, have no real use for Friedberg anymore. He is now a liability.
Frieberg may hope that if there is an accident where the ‘Gang of 4’ might no longer be among the living, his problems are gone. All the most damaging and direct evidence of what happened, particularly tying to him, would die with them. Whilst dead men don’t talk, NuGenesis
boasts that Friedberg has continued to underestimate their pioneering technology. That is, the same technology that exposed the counterfeit crypto created on FTX exchanges and the fake volume manipulating the markets.
As the Biden administration and officials are being dragged
into the crypto fraud scandal, the most convenient outcome is that Friedberg is the one who has the accident.
In the meantime, the side-shows and misdirection goes on. Crypto influencers are blaming those of their brethren with $50-$100K plus per month in FTX sponsorship, for
endorsing the influx of users on the FTX controlled exchanges. Whether it is the sycophantic Max Maher who shilled SBF as the modern-day JP Morgan to save the Crypto industry, or Andrei Jikh, Tom Nash and many others. In defence, they point to the deluge of advertising money
that worked with the Miami Miami Heat (FTX Arena), enveloped huge investments from Sequoia capital amongst a large number of VCs and the celebrity power of Tom Brady, Tom Leary, Larry David and the list goes on. F1 Team Mercedes, TSM Esports and Major League Baseball even
signed up a long term partnership with FTX. A blame game that keeps Dan Friedberg out of the spotlight.
The greatest misdirection is the case for regulation. We have the world almost begging to be regulated. Simple minds need simple solutions, clutching for hope
that technocrats will fix things for them. Is any more law than common law fraud is relevant here? There is no loophole that SBF avoided. It was simply fraud: counterfeit crypto and fake volume.
This ‘lack of regulation’ misdirection has its own misdirection: that it is portrayed as crypto currencies need to be regulated. It is not crypto currency that failed here. Decentralisation did not fail. It was the anti-crypto, centralised exchanges and monopolies that failed
here. Regulating crypto currencies and their evolution to put more control in the hands of fewer monopolists close to regulators is precisely what SBF was advocating.
There is substantial evidence that at least NuGenesis was making submissions to regulators and administrators internationally since March 2022. NuGenesis had supplied evidence of counterfeit crypto used on SBF exchanges, fake volume and consequent fraudulent accounting. Box
loads of data and AI-based Chain Analytics proved the case. They provided video recordings from exchange executives admitting to being instructed from Friedberg to destroy evidence and shift crypto (without consent) from client accounts. Exchange staff even resigned over it.
However, no one listened. All the way, Dan Friedberg and team stalled, delayed and procrastinated to keep NuGenesis from going to Court and exposing it all. Where were your regulators? Gary Genzler was meeting with SBF. Where were the legislators? They were meeting
SBF lobbyists. Draconian regulation will not substitute for ineffective enforcement. This is a simple case of common law fraud which all countries of the world have in common.
The editors of Inside Crypto make an invitation to Dan Friedberg. We will pay your airfares to come to Lebanon begging that you sue us. The Lebanese Police will take care of your accommodation costs.

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