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/biz/ - Business & Finance

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53378649 No.53378649 [Reply] [Original]

A friend of mine is an attorney who works for a large law firm, he does not do bankruptcies per se, but generally assists senior attorneys with many types of cases. We got to talking about FTX and all that …my friend introduced me to crypto many years ago, so he’s familiar with all that’s going on. I saw him last night, we were talking and he told me something that really got my head spinning.
He said that FTX had 5B in assets a month ago, at the market low. He said they had 8B in liabilities,… a $3B hole. Then he said ‘If they can get the liabilities and assets to match, the bankruptcy can be dismissed, as assets will make all parties whole’ …in other words, if crypto goes up to a certain price for the assets, everyone will get their monies back and alls well that ends well…no need for bankruptcy!
THEN HE SAID THIS: ‘If the bankrupt judge dismisses it, he can contact the Criminal Court Judge, AND THAT JUDGE HAS THE OPTION TO DISMISS ANY AND ALL CHARGES, or have the prosecution lower the charges to misdemeanor level’
Unbelievable. SBF is going to get away with it!

>> No.53379360
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53379360

>>53378649
The jew wins again. Every single time...

>> No.53379459

That's why I only fuck trannies

>> No.53379481

>>53378649
That’s bullshit but that is probably what will happen.

>> No.53379506

huh would be a shame if someone shot that sbf guy right in the head, right? a tiny little bullet exiting the gun's chamber, right into the juif's head, splattering his brains all over the walls of his hideout. then you can't really say he got away with it, right?

>> No.53379602

>>53379506
Go for it Rambo

>> No.53379754

>>53378649
cool it with the antisemitism, goy.
he already apologized.

>> No.53380484
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53380484

>> No.53381818
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53381818

>>53378649
So what does SOL have to pump to to avoid SBF prosecution?


-makes short term trading plan-

>> No.53382109

>>53378649
I don't think your friend is wrong. I doubt the judge will dismiss, but SBF can absolutely lessen his sentence by making customers whole.
Of course, I can't help but wonder what's going to happen to BtC when the assets and liabilities hole is plugged and the assets are sold thanks to this rally--which of course isn't because of manipulation on the part of SBF of course.

>> No.53382155

>>53379360
You'll never stop us, stupid goyim

>> No.53382164

>>53379360
The saddest words of tongue or pen.
>/pol/ was right again

>> No.53382199

>>53380484
Imagine thinking kings and nobles were doing a good job

>> No.53382209

>>53378649
The criminal fraud charges against SBF have nothing to do with FTX's solvency or lack thereof.

>> No.53382242

>>53378649
as long as I get all my money back I don't care

>> No.53382257

>>53378649
>A friend of mine is an attorney who works for a large law firm
What does he think of Ripple vs SEC?

>> No.53382283

>>53382199
the average serf worked like 30 hours a week and partied hardcore a lot of the time
also wifed virgins and had familes
can you say it wasn't better?

>> No.53382292

He was embezzling funds no way will it dismiss 8 counts of fraud Tyrone finna rape him