As set forth more fully below, Mr. Bankman-Fried contends in his sentencing submission that, based on a mischaracterization of statements made in the Chapter 11 proceedings by representatives of the FTX debtors, the “harm to customers, lenders, and investors is zero,” because “[t]he money was there—not lost,” and that FTX was solvent at the time that the Chapter 11 petition was filed. As the lead professional of a very large team who has spent over a year stewarding the estate from a metaphorical dumpster fire to a debtor-in- possession approaching a confirmed plan of reorganization that will return substantial value to creditors, I can assure the Court that each of these statements is categorically, callously, and demonstrably false.

The identity trial is over, Judge Mellor has clearly had enough, says the evidence is overwhelming and issues a ruling from the bench that Craig Wright is not Satoshi. Game over.

https://twitter.com/wizsecurity/status/1768264173664739388

archive: https://archive.ph/UZv4s

you'll be reassured to know this guy is Tether's personal banker

OK OK old news I know. But this is a metal cover of a bitconnect speech that I found pretty amusing: https://www.youtube.com/watch?v=iZ-Ayj-ht_I

@buttcoin - this is a real sentence in a real news article:

Crypto exchange Binance said it will add dogwifhat (WIF) to its listings, lifting the Solana-based token's price back into the black for the day despite a sell-off in the wider meme-coin market.

I've been reading through the top all time /r/hobbydrama posts and I keep coming back to this one. In a way, it's the best summary of the promises crypto makes I've seen. People buying fiefdoms in a game that doesn't exist because they so desperately want the experience of being kings, because they so desperately want to be the boot that grinds... it's beautiful to see this presented without the nonsense about supposed democratization or freedom.

the time capsule aspect is fascinating too. the layperson's innocence is now tainted by NFTs. you will never again see people struggle with the concept of this grift as purely as these posters did in 2017.

dude argues that he completely didn't intend to steal exchange funds, nuh uh it's all there, there's even an assertion (just like with tether) damages are only whatever fees liquidators took, pinky swear. wire fraud? no wai

The lawyer's submission was accompanied by letters of support from Bankman-Fried's parents, psychiatrist, and others.

his fellow cultists and equally complicit parents even wrote a letter! what do you mean power of friendship is not get out of jail free card? and he has given money to ~~cultists~~ charity that obviously means he's a good man with impeccable moral integrity

--

on a slightly unrelated note, on r/buttcoin i've stumbled upon a take on tether that it's used as a device for capital flight from china. allegedly ftx had major role in this

cross-posted from: https://lemmy.dbzer0.com/post/15238521

Yet another "brilliant" scheme from a cryptobro. Naturally this caused a gold-rush for scammers who outsourced random people via the gig economy to open PRs for this yml file (example)

I met a traveller from an antique land,
Who said — Two vast and trunkless legs of stone
Stand in the desert. … Near them, on the sand,
Half sunk a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them, and the heart that fed;
And on the pedestal, these words appear:
FORTUNE FAVORS THE BR—
Nothing beside remains. Round the decay
Of that colossal Wreck, boundless and bare
The lone and level sands stretch far away.

Edward Snowden [blue checkmark] @snowden
Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

Ed pls.

archive: https://archive.ph/SicAy