As an early crypto skeptic it explains why Bankman only funded Durban's re-election with $2900. However for Beta boy Orourke he gave a million straight out of his customers back pockets.
Bankman's mom a lawyer and Stanford law school professor wrote this
Fried concluded that "we have gotten nothing from our 40-year blame fest except the guilty pleasure of reproaching others for acts that, but for the grace of God, or luck, or social or biological forces, we might well have committed ourselves."
The entirety of SBF's defense is built around avoiding his own terms of service which says FTX can't loan out funds of ordinary users. (margin trading is different)
If this is how FTX "always" processed withdrawals (co-mingling funds for withdrawals), then the Terms of Service have been a lie from the beginning! The withdrawals weren't segregated as promised, they literally were in a huge pot of money, first-come-first-serve.
He had a vision though to have the first regulated coin. He donated to and had a meeting with the SEC boss where he pedaled of his vision of it being traded with regulation equivalent to the banking and share market industry.
His donation generosity had more to do with this, first prestige monopoly on the Wallstreet crypto exchange, the Amazon of Crypto. Where they all flock to.
This is where Binance boss calls him a backstabber.
The arrest of Sam Bankman-Fried yesterday was sudden and unexpected in light of Bankman-Fried’s plan to testify before Congress. As a criminal defense attorney, my reaction to the arrest last…
Explore current and historic federal campaign finance data on the new fec.gov. Look at totals and trends, and see how candidates and committees raise and spend money. When you find what you need, export results and save custom links.
www.fec.gov
US$5mil funneled through Alameda to pro-Biden PAC.
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