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The Bahamians let him finish his interview with Molly White and crew before arresting him. Here is about 2 hours prior: https://twitter.com/molly0xFFF/status/1602454367268921344
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Dec 13, 2022 01:09
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lol I hope he backed himself up with an NFT of himself that says "me jail free forever."
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Dec 13, 2022 01:20
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Sam Bank-run hosed-up
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Dec 13, 2022 01:20
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Code is law, and that law says you're about to get 35 years in federal prison.
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Dec 13, 2022 01:21
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Uh he was gonna testify tomorrow. Wonder if someone decided to shut that down.
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Dec 13, 2022 01:22
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This will be funnier if you know anything about Hypnospace Outlaw
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Dec 13, 2022 01:28
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Ups_rail posted:Uh he was gonna testify tomorrow. Wonder if someone decided to shut that down. He's done nothing but talk for a month
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Dec 13, 2022 01:29
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https://twitter.com/kaitlancollins/status/1602451103039340546
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Dec 13, 2022 01:42
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Born dumb, lived dumb, gonna die dumb.
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Dec 13, 2022 01:45
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The sound clip includes him saying "I haven't done a deep dive on that" (if he will be arrested).
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Dec 13, 2022 01:48
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Guze posted:He's done nothing but talk for a month I'm sure the US Prosecutors appreciate his hard work.
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Dec 13, 2022 02:02
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Powerful "quote from man stabbed" energy.
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Dec 13, 2022 02:05
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Dec 13, 2022 02:07
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Cantorsdust posted:Double post but it’s with good content What a clever inside joke. These guys sound like a bunch of fun loving pals, just innocently clowning around with each other having a good time.
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Dec 13, 2022 02:13
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Guze posted:There it is The part that confuses me about this saga is that the government continues to allow crypto stuff in general to be a thing. Like how many admittedly dumb americans need to lose their life savings and homes to this stuff before it's just generally outlawed? Outside of its history of predominately being used for illegal purchases or money laundering, even the most well intentioned "investors" are either just gambling on a speculative bubble or walking face first into ponzi schemes. Is it just that there's too much money in the system already and people "invested" are essentially hostages cause let's be real there's no way everyone is gonna be able to cash out anyways so feels like you might as well amputate that limb before the infection spreads.
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Dec 13, 2022 02:41
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NYT posted:Prosecutors for the Southern District of New York confirmed that Mr. Bankman-Fried had been charged and said an indictment would be unsealed on Tuesday. Separately, the Securities and Exchange Commission said in a statement that it had authorized charges “relating to Mr. Bankman-Fried’s violations of our securities laws.” I'm thinking those rumors of Caroline Ellison flipping were true, besides the obvious "just casually admitting to crimes" he's been doing
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Dec 13, 2022 03:10
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ArbitraryC posted:The part that confuses me about this saga is that the government continues to allow crypto stuff in general to be a thing. Like how many admittedly dumb americans need to lose their life savings and homes to this stuff before it's just generally outlawed? Outside of its history of predominately being used for illegal purchases or money laundering, even the most well intentioned "investors" are either just gambling on a speculative bubble or walking face first into ponzi schemes. Besides that SBF made the egregious mistake of ripping off rich people, there's also the fact that he keeps discussing his crimes in incredibly public forums: https://twitter.com/renato_mariotti/status/1602452993328152576
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Dec 13, 2022 03:12
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https://twitter.com/alicefromqueens/status/1595047098218602496?s=46&t=8ilqThChtCp_d-JRNmaf5g
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Dec 13, 2022 03:15
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ArbitraryC posted:The part that confuses me about this saga is that the government continues to allow crypto stuff in general to be a thing. Like how many admittedly dumb americans need to lose their life savings and homes to this stuff before it's just generally outlawed? Ten years ago I thought this was the inevitable trajectory it's gotten increasingly rolled into parts of the normal economy (Et tu, Fidelity?) and made subject to taxation and other ways of governments getting a slice, at the same time that authorities have increasingly realized that they can seize a ton of assets that don't need to be auctioned and also the fact that block ledgers leave a permanent record of every transaction forever, means that the data is there for the mining and this has been used to meticulously take apart multiple criminal organizations using crypto piggy banks. It's not, yet, so baked into the economy that it can't fail. It could all come untethered and crash down overnight. At some point, it either goes to zero-or-close-enough, or, it becomes such a huge part of the general financial apparatus with much of it held by the same interests who hold most other forms of capital that it is actually "too big to fail". I'd still bet against it, long term, but so far I've been wrong about that both in terms of Bitcoin and Magic cards. It wouldn't shock me if they both went to zero around the same time during some kind of major financial unraveling, possibly as soon as next Tuesday.
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Dec 13, 2022 03:28
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The past 3 months really have been quite fruitful for harvesting lmaos on multiple fronts.
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Dec 13, 2022 03:42
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fast cars loose anus posted:I'm thinking those rumors of Caroline Ellison flipping were true, besides the obvious "just casually admitting to crimes" he's been doing Wasnt she seen around NY not long ago?
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Dec 13, 2022 04:01
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Navaash posted:This will be funnier if you know anything about Hypnospace Outlaw At least Dylan was trying to bring the joy of a bad car game into the world. 
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Dec 13, 2022 04:10
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HappyHippo posted:Wasnt she seen around NY not long ago? yeah pictures of (what was claimed to be) her in a coffee shop circulated last week or the week before and the barista at said shop said it was I assume that that's what had to happen because even with all his tweeting and nonsense, to actually build a case requires details and you don't get that this fast without an insider spilling. This is also where the info on the 'Wirefraud' Signal group comes from I'll bet.
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Dec 13, 2022 04:31
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Boywhiz88 posted:https://twitter.com/web3isgreat/status/1602347160665821184?s=20&t=kTMD06jk7NQF3NyI2H8kTA This seems like a big deal too
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Dec 13, 2022 04:49
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Boywhiz88 posted:https://twitter.com/web3isgreat/status/1602347160665821184?s=20&t=kTMD06jk7NQF3NyI2H8kTA lol at their only defense being "you'll just make a bad situation worse!!"
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Dec 13, 2022 04:51
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Salt Fish posted:The Bahamians let him finish his interview with Molly White and crew before arresting him. Here is about 2 hours prior: Hearing all that mouse-clicking in the background and I can't help but wonder if the idiot was playing League of Legends the whole time...
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Dec 13, 2022 04:52
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As funny as this SBF saga is, it will be nothing compared to CZ if binance goes down. Would be like a looney tunes bit. Like he pushed SBF off a cliff and wipes his hands and starts to walk away but ope, turns out he was tied to SBF with a rope because of course he was. It's all fuckin crypto you idiot. What did you think would happen if you blew up one of the largest exchanges lol.
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Dec 13, 2022 04:56
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"You can't prosecute Al Capone, it'll take down the already fragile network of speakeasies and rumrunners!"
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Dec 13, 2022 04:56
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Cabbages and Kings posted:Ten years ago I thought this was the inevitable trajectory it's gotten increasingly rolled into parts of the normal economy (Et tu, Fidelity?) and made subject to taxation and other ways of governments getting a slice, at the same time that authorities have increasingly realized that they can seize a ton of assets that don't need to be auctioned and also the fact that block ledgers leave a permanent record of every transaction forever, means that the data is there for the mining and this has been used to meticulously take apart multiple criminal organizations using crypto piggy banks. What does the fed do with all their crypto seizures anyways? Are they just sitting on them or do they sell them? Would a 50k or 70k coin haul like in the silk road story affect the market if they cashed them out at once?
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Dec 13, 2022 05:00
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the thought did occur to me that DoJ recognizes an opportunity to kill this off once and for all and never have to deal with it again
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Dec 13, 2022 05:01
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Is Binance based in Singapore? If charges were brought by the US what would that mean for Binance? Could it be made illegal to business with them in the US? Arrest for the executives if they enter the US?
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Dec 13, 2022 05:02
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Indictment being unsealed tomorrow morningNYT posted:The criminal charges against Mr. Bankman-Fried included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, said a person with knowledge of the matter. edit: I'm no lawyer, but conspiracy means more than one person, which implies either someone flipped or someone else is getting arrested
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Dec 13, 2022 05:04
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That wire was real your honour
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Dec 13, 2022 05:05
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ArbitraryC posted:What does the fed do with all their crypto seizures anyways? Are they just sitting on them or do they sell them? Would a 50k or 70k coin haul like in the silk road story affect the market if they cashed them out at once?
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Dec 13, 2022 05:06
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bitcoin: grossly inexperienced and unsophisticated individuals (from JJ Ray #3's prepared statement to congress tuesday)
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Dec 13, 2022 05:19
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Two bullet items down from the end of that image is "commingling of funds" which is, I am told, a crime by itself
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Dec 13, 2022 05:22
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HappyHippo posted:Wasnt she seen around NY not long ago? Getting a bagel with the ease and peace of mind of someone that kept their goddamn mouth shut, hired some lawyers, and made a deal with the SEC et al.
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Dec 13, 2022 05:37
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arrested person: nice try but you forgot about my right to linux
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Dec 13, 2022 05:49
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Navaash posted:This will be funnier if you know anything about Hypnospace Outlaw he looks like billy corgan with hair
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Dec 13, 2022 06:11
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ArbitraryC posted:The part that confuses me about this saga is that the government continues to allow crypto stuff in general to be a thing. Like how many admittedly dumb americans need to lose their life savings and homes to this stuff before it's just generally outlawed? Outside of its history of predominately being used for illegal purchases or money laundering, even the most well intentioned "investors" are either just gambling on a speculative bubble or walking face first into ponzi schemes. I read somewhere, maybe here? Government doesn't generally give a poo poo most of the time. Not saying it's a good thing to ever have come this far but the whole thing is mostly a joke to watch. I'm shocked people want degrees and experience in it. I even knew a lady proud that she got her kids name in some book about NFT's. It's easy for greed to tempt and for all the tax evasion/anti government people to find something to latch on to. I still have people blatantly in denial that crypto will blow up. Literally every day I'm warning people who don't listen. I made mistakes but I learn. Can't say the same for most, or people who walked with profits who are convinced to the death on Crypto going forward. Lots of societal problems around financial stress.
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