Thursday
. Bankman-Fried was told he can live with his parents on $250 million bail secured in part by their Palo Alto house. His release also includes a long list of requirements for him to remain free while he faces charges. He's not allowed to make financial transactions of more than $1,000, can't open new lines of credit, can't leave the house except to exercise and must go through substance abuse and mental health treatment, according to the agreement.
The U.S. Securities and Exchange Commission is increasing its scrutiny of audits of cryptocurrency companiesinvestors who may feel assured by audits such as proof-of-reserve reports. “Investors should not place too much confidence in the mere fact a company says it’s got a proof-of-reserves from an audit firm,” said Paul Munter, the SEC’s acting chief accountant.
LedesmaLyllah Merry Christmas and Happy New year 2023. Good healthy , wealth and happiness.
LedesmaLyllah SBF That a judge would set a known liar and flight risk free when almost $10B of other people's money is at stake is TOTALLY unconscionable. This reeks of more politicized DOJ corruption and a multi billion dollar money laundering coverup.
LedesmaLyllah Prévisible, mais ça reste quand même incroyable don_diegs hobs977
LedesmaLyllah Bail should have been set for the amount he ripped off of the investors. Change my mind.
LedesmaLyllah His parents signed a 4millions $ home as collateral….no where near 250M$
LedesmaLyllah Wish there was a dislike button for this particular piece of news. But thank you for the up to date info.
LedesmaLyllah I will steal 8b from customer and give back only 3%? Deal
LedesmaLyllah Translation: State accepts 1/4 billion stolen dollars bribe to release one of the biggest crimminal of modern era.
LedesmaLyllah Steal 32 billion, bond out on a 1/4 billion......sounds pretty fair
LedesmaLyllah The levels of American corruption is unmeasurable. We need justice for FTX users and the crypto space.
LedesmaLyllah SEC failed.
LedesmaLyllah Oh no.
LedesmaLyllah They also put up a pretty please with sugar on top IOU. This is another incredible scam on top of the actual scam. Posturing at best.
LedesmaLyllah Bail should be set to $8 billion no need to go through bankruptcy
LedesmaLyllah A smart one
LedesmaLyllah Bond. Not bail. His parents put up their 4M house. 🙄
LedesmaLyllah And he told people he only had a 100 grand. Time to see his parent bank records. Think i know where his money went. House up for bail. I want to see this 250 million dollar house.
LedesmaLyllah That smug look on his face, really pisses me off
LedesmaLyllah That's a lot of money for bail, but I guess when your business is doing well you can afford it
LedesmaLyllah Maybe they should be investigating GaryGensler instead
LedesmaLyllah Wtf and what is with our withdrawals 😭
LedesmaLyllah He only has 100k in his bank account
LedesmaLyllah Stupid unbelievable ...
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Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »