Ellison and Wang plead guilty to FTX fraud, SBF in US custody

in crypto •  2 years ago 

Two Top FTX Fraud Ringleaders Plead Guilty to Federal Charges

Caroline Ellison and Gary Wang have pleaded guilty to fraud.
Sam Bankman-Fried may face a U.S. judge on Dec. 22.

But an interesting comment comes at the end of the article.

Speaking to Fox Business on Dec. 20, [Peter] Smith said that the banking system is the biggest hurdle when it comes to tracking money.

“The most challenging thing for firms working on this today is when money moves off chain and into the banking system, because they’re no longer able to track it.”

How can banksters launder money if on-chain!?

Like so many elite cons, point the finger, shout loudly, pretend to be sincere - and blame others for what you are actually doing behind the scenes.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!