SBF or Sam Bankman Fried must be the greatest magician of all time to make things disappear and make things appear out of the air when he needs it, first all he was arrested in the Bahamas a few days ago after running there to hide or takeover after defrauding the entire FTX customers of about $7 to $8 billion, he has now escaped jail sentences based on the news reports I read yesterday, after SBF was being cuffed and extradited to the US from Bahamas he coughed out $250 million for bail bonds, Like how is that possible?
Because Sam Bankman Fried has been stating that he only has $100k in his bank account and now SBF released on $250M bail bond after the "I only have $100K in my bank account" speech on the interviews he was in, although he did not say how much he had in his crypto wallet or wallets because Sam Bankman Fried is the greatest fraudster this year even Do Kwon does not come close in my opinion, a lot of people online believed he did not technically lie because he never talked about his crypto wallet and they also believed that the $7 to $8 billion in crypto stolen funds from FTX is in his wallet.
Some people also claim that the bail money was secured by his parents collateralizing their own real estate, which was bought with FTX customer's money because they were been paid salaries from FTX company funds, and $250 million worth of Real State is a lot for a Stanford Professor's salary if you think about it except they came from money which I doubt, but as I read from another news report by Mail online news, which reported that over the past two (2) years Sam Bankman Fried family bought 19 properties worth about $121 million in Bahamas back then and also FTX bought 35 different properties in the island nation.
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Sounds interesting. He is truly a magician that he is.
Now I can imagine why FTX have low transaction rates in the first place. He did it to lure people in his theft set up and gather alot from investors.
You get it bro.
Absolutely 💯
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Thank you