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-Lurid Crime Tales-
FTX founder Sam Bankman-Fried triggered downfall by badmouthing crypto rival: sources
2022-11-16
[NYP] Three weeks before the implosion of FTX, its disgraced founder Sam Bankman-Fried bad-mouthed a rival crypto mogul at an investor conference in Saudi Arabia — an indiscretion that sources say may have triggered his downfall, The Post has learned.
We crypto ponzi-scheme thieves have honor. You are a simple democrat fund raiser without honor.
The 30-year-old Bankman-Fried — whose FTX fund filed for bankruptcy on Friday, obliterating his $16 billion personal fortune — had traveled to Riyadh for the annual "Davos in the Desert" financial summit on Oct. 25 — Oct.27, where he was angling to raise money from some of the world’s deep-pocketed investors.
Answer is NO Bankman-Fried. We see what you did there.
But in private meetings at the event, Bankman-Fried, known as "SBF" in crypto circles, raised eyebrows as he "trashed" ChangPeng Zhao — the China-born CEO of Binance who, in addition to being one of Bankman-Fried’s early backers, is a highly respected tech founder in the region.
CZ is highly respected. Bankman-Fried gives global crypto-ponzi scheme very bad name.
That’s despite the fact that Zhao — known as "CZ" among crypto enthusiasts with a net worth of $17.4 billion, according to Forbes — was at the conference, too. When Middle East investors tipped off Zhao that Bankman-Fried had slammed him behind his back, Zhao was furious, according to a crypto observer.
Crypto ponzi-scheme is one thing. Short-term political fund raising is yet another. You Bankman-Fried, ruin it for everyone.
"He pulled the pin out of the grenade on this trip," a source said of Bankman-Fried’s trash-talking of Zhao.

CZ never liked you anyway. You are punk. Nutcase, doper girlfriend is punk also.

Posted by:Besoeker

#9  Now we know why Tom Brady decided not to retire. He lost his azz to Bankman and did commercials on TV which could land him in trouble...maybe. His wife made some investments as well.
Posted by: crazyhorse   2022-11-16 15:52  

#8  /\ Poser? You mean like Obama and Biden ?
Posted by: Besoeker   2022-11-16 12:36  

#7  Jack Posobiec (former intel analyst iirc) speculates that this might have been an intelligence operation, that an alphabet may have assisted.
Posted by: mossomo   2022-11-16 12:31  

#6  Is this suggesting everyone in the professional circle knew he was a poser?
Posted by: swksvolFF   2022-11-16 10:19  

#5  Your assets are where your ass sets.
Posted by: M. Murcek   2022-11-16 09:42  

#4  "If you can hold it, you own it. If it
is paper, it's vapor."

~ Author unknown.
Posted by: Besoeker   2022-11-16 09:41  

#3  Don't trust Bankman-Freid! Bankman-Freid is asshoe!
Posted by: M. Murcek   2022-11-16 09:04  

#2  FBI is planning to EXTRADITE Sam Bankman-Fried from Bahamas - as crypto contagion from FTX collapse spreads to $20BN BlockFi that is preparing for bankruptcy
Posted by: Skidmark   2022-11-16 08:44  

#1  Bankman-Fried step on own lokshen big time. ChangPeng Zhao not happy. Bankman-Fried will pay.
Posted by: Besoeker   2022-11-16 04:44  

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