Saturday 12 November 2022

Whats This FTX Crypto Crap About?

 One single guy.....Sam Brinkman-Fried....created a crypto currency out of thin air.

At peak, it was loaded with 32-billion dollars.  As of today.....it's zero.

What the whole looks like?  Giant billion dollar ponzi scheme....used primarily as a money laundering 'tool'....which oddly enough....had around forty million spent on the mid-term election.  No one says the candidates or parties involved.  

Odds of some folks in the US Treasury at least knowing this was money-laundering?  I'd put it at a 99-percent chance.....but they can't admit that in public. 

Who had the money in this gimmick?  Based on what I've read.....lot of YouTube and Instagram people.....who were making money from around the world, and tried to avoid detection by their governments, or paying taxes.  

Guy's location?  Some plane indications just hint of a path leading to Brazil.  No extradition treaty.....for US/Brazil.  But in this case....people might just look to hire some gangs from Brazil to hunt him down.  I don't see him surviving more than a month at the most.  

1 comment:

LargeMarge said...

I suspect the usual suspects from the Ukraine are involved.
I also expect the squatters in Palestine have a hand in the labyrinth behind the curtain.
I also already know:
* no investigation, plus
* the not-an-investigation will show no wrongdoings.
.
'bingo' on hiring a few groups of locals, firing the start-pistol, offering a bounty for the head.