FTX and SBF are funded by the same people that funded the Bitfinex/Tether fraud.
That’s why SBF is such a large Tether “customer”, allegedly sending billions of dollars to a company that has had multiple run ins with law enforcement, bank fraud, money laundering, etc.
That’s why SBF is such a large Tether “customer”, allegedly sending billions of dollars to a company that has had multiple run ins with law enforcement, bank fraud, money laundering, etc.
And just like the Tether fraud he comes to the rescue every time a Ponzi scheme blows up. Because they’re worried that if one Ponzi blows up it takes down multiple other Ponzi schemes. It’s like dominos.
It’s not an accident that FTX was founded the same day Bitfinex/Tether was bailed out by block one, to the tune of $500 million dollars. integrafec.com
FTX dot com also has similar lax kyc enforcement just like Bitfinex does. Zero kyc is critical to this business. FTX dot US has real KYC, so we know that the lax KYC trading on FTX dot com is intentional. People can just make unlimited new accounts.
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