Thread by @DeepBlueCrypto

Person: asking SBF - you stole $2 million from me. You stole $10 billion in customer funds. Why did you steal my life savings?

SBF: I’m deeply sorry about what happened 🤷‍♂️

A thread 🧵 for awareness

Here’s a prev thread on SBF #FTX

https://twitter.com/deepbluecrypto/status/1597079146840354816

SBF: #FTX has the US platform and the international platform. The US platform is fully solvent, it could be open today and working as expected.

BULLSHIT

“What he means is he only steals from helpless international clients or he’s afraid of US prisons”

SBF got caught lying again, when he was asked when did he know they had a problem at FTX?

SBF: Nov 7th deleted tweet claiming "FTX has enough to cover all client holdings. We don't invest client assets."

Is @SBF_FTX scared yet 😂

FTX’s Sam Bankman-Fried Speaks at DealBook Summit

Says he didn’t ‘knowingly’ commingle funds ‘I didn’t ever try to commit fraud'. (He didn't have the assets customers deposited. He had FTT and Serum, which were tanking)

https://twitter.com/WallStreetSilv/status/1598102189788262401/video/1

SBF is trying to portray this FTX collapse as a “risk management” issue. And the media is falling for it.

THIS IS NOT A RISK MANAGEMENT ISSUE, ITS A CUSTOMER FUNDS STEALING AND COMMINGLING FUNDS ISSUE

HUGE DIFFERENCE 🚨🚨🚨🚨

@SBF_FTX is getting away with it 🤷‍♂️

How do you lose trust in the SYSTEM?

- You float an exchange
- Steal $10 billion in user funds
- Donate $40 million to the SYSTEM
- Blame losses on #RiskManagement
- SYSTEM protects you at all costs

TRUST ON THE “SYSTEM” IS LOST

SBF — “I was excited about how well FTX was thriving even last month.

I had no idea how things turned so bad in a month. I had a duty for all my stakeholders & customers”

US three letter agencies ruined three of these guys lives for doing the right thing, but the state didn’t like it

Exactly one guy did a very bad thing, ruined lots of people financially, the state didn’t even indict him, summon him or arrest him

SYSTEM IS TOTALLY CORRUPT

It’s just a tip of the iceberg

Thieves can steal phones and merchandise from Apple stores in California in broad daylight and your establishment doesn’t take action.

What SBF did is not much different from what happened here, much bigger in scale. No action here too.
#SystemIsBroken

2008 Bernie Madoff ridiculed and booed while trying to attend the deal book summit…

2022 SBF was welcomed with open arms, cheered & applauded in the end for participation…

“BRIBING POLITICIANS” can do wonders, if only Bernie knew this 🤷‍♂️

Watch the full SBF interview here

How to get away with theft…

- Stop doing $600 transactions
- Start stealing $6,000,000,000
- Bribe politicians $40,000,000
- Give a zoom media interview
- Say how bad you feel about it
- Say sorry to the public in tears

VOILA… GOT AWAY WITH THEFT

Did you know that FTX customer deposits were being used to credit Alameda creditors?

SBF: I don’t know… I… I… which creditors are you referring to?

HE’s CLEARLY LYING AND YOU ALL ARE FALLING FOR IT AGAIN & AGAIN

SBF then: A genius MIT graduate, A genius Wall Street hedge fund trader

SBF now: What’s hedging, What are client funds, What’s commingling

@SBF_FTX here’s the problem

Stealing client funds is a crime

Sending client funds to Alameda hedge fund creditors is a crime

Stealing international client funds and making FTX US clients whole is also a crime… just stop your charade already

Never trust the #MediaDarlings

How SBF ran #FTX from Bahamas 🇧🇸

Tom Brady lost $650 million, his wife divorced him and he’s right back to signing with Patriots again 😂

SBF fulfilled his promise of donating all his net worth to Charity he chose 😂

SBF — Every word out of your mouth is a goddamn lie 👍

SBF admitting to fraud on FTX (funds were commingled between FTX and Alameda). There was no demarcation of user account, user wallet or the way they traded futures.

All funds were treated like one giant house casino money.

Dude SBF — you’re trying to save your parents from getting dragged into your mess by stating this was meant for FTX staff. Unless you have notarized certified Power of Attorney from FTX behalf to your patents, its theirs.

Yet another entangled family fraud 🤷‍♂️