SBF built bespoke 'backdoor' to outwit FTX compliance systems: Reuters
He used bespoke software that was designed so that even external auditors would not be notified of changes to FTX books, the report said. It meant that no red flags were raised when $10 billion of funds were moved to FTX's sister trading arm Alameda.
Exclusive: At least $1 billion of client funds missing at FTX
The financial hole was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to the two sources. The records provided an up-to-date account of the situation at the time, they said. Both sources held senior FTX positions until this week and said they were briefed on the company's finances by top staff.
No names, but shouldn't be hard to figure out.
Unless we are to swallow the lone backdoor man theory.
https://nypost.com/2022/11/12/ftxs-sam-bankman-fried-in-bahamas-after-collapse/
swallow hard...
yeah right, coz it's so easy for a "gang of kids" to raise $900m from the likes of BlackRock.
How much bollox can humans believe within one skull?
The reason to focus on the lone-gunman is to discover who created him - Oswald was taken out to avoid (or slow down) such investigations.
exactly
bankman and fried are both stanford professors who are major fundraisers for the democrats
and somehow, the ceo of ftx (their son) was the biggest contributor to the biden presidential campaign mere months after the company was started
proof of influence, perhaps, but not necessarily of accomplices to fraud.
for that, I'd look more closely at the investors, such as BlackRock and others.
At its height, crypto market was worth just short of $3T - even in May 2022, it was worth $1.8T - a few fuckups later and we were down to just over $1T - FTX has so far cost the whole market about $200B in lost value - not bad for a $900m "investment".
I can't recall the exact books, but there is much analysis that both the 1907 "banking crisis" that created the Fed and the Depression of 1929 were "engineered".
Poor people always think in terms of short-term profits, whereas banksters think in terms of control - imploding a few banks to change the laws to have even more control in the future, is just business strategy. Short term losses for max future gains is a simple strategy - most people fail coz they don't have enough to ride out those lean years.
Anyway, lots of good book collections avail at concen.org
https://concen.org/search/node/tao
The Tao of... Pooh.
https://librivox.org/search/?q=tao&search_form=advanced