FTX Collapse: Bankman-Fried May End Up in Jail, Says Mark Cuban; The founder of the cryptocurrency exchange has become a persona non grata. Luc Olinga - The Street Since the fall of his crypto empire on Nov. 11, almost everything has been said about Sam Bankman-Fried. His crypto bros called him "criminal." They accused him of lying to the clients and investors of his companies FTX and Alameda Research, a hedge fund that also operates as a trading platform. "They lied. FTX lied. I think Sam lied to his employees, his users, his shareholders, regulators all around the world and all the users," Changpeng Zhao, founder and CEO of Binance, said during a Twitter event on Nov. 14. "So yes, he should take most of the blame." /jlne.ws/3F9kKQG
Before jail, he was a billionaire. He probably felt guilty. After serving jail term, he'd be guilt-free. And he'd continue to be a billionaire and live happily ever ever after.
If he didn't have his "get out of jail via big donations to a certain political party" card, he'd have been locked up already.
Is this what 30 year old kids do these days? Just incredible. Damn, when I was his age, I was still trying to figure out where the f*ck I was?
Cuban, another shit head who struck it rich selling out and after that he never created another product or service of value, never innovated for another second, and instead bought a sports team and hangs out on third class TV shows. Perfect example of how much randomness is actually in a lot of wealth creation. One of the most honest statements by a lot of millionaires and billionaires is how privileged they were to be at the right time at the right place. Otherwise a lot of them would have never made it.
Not true, he is selling drugs online for cheap. And that is not his fault that Yahoo was stupid to overpay for his website.
I hope SBF winds up in jail for life, and becomes the gf of a 12" Jamaican stud, who hands him around to his posse.