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Over the weekend, a verified account posing as FTX founder SBF posted dozens of copies of this deepfake video providing FTX customers “compensation for the loss” in a phishing rip-off designed to empty their crypto wallets pic.twitter.com/3KoAPRJsya
— Jason Koebler (@jason_koebler) November 21, 2022
Disgraced FTX founder Sam Bankman-Fried is hiding out within the Bahamas, the place he’s allegedly making an attempt to get better “misplaced” funds. “I hate what happened and deeply wish that I had been more careful,” Bankman-Fried passively informed reporters at CNBC after inflicting his personal clients to lose billions in crypto. Nobody goes to lend that man a penny or contact FTX.
FTX filed for Chapter 11 on November 11, and John Ray III, the person who restructured Enron, is now CEO. Ray stated that he’s hoping for a bailout however stated the scenario is dire and the worst failure he has witnessed in his 40-year profession. FTX’s steadiness sheets have been “unaudited and produced while the Debtors [FTX] were controlled by Mr. Bankman-Fried,” in keeping with Ray. As there isn’t any correct bookkeeping, it will not be “applicable for stakeholders or the Courtroom to depend on the audited monetary statements as a dependable indication of the monetary circumstances.” Ray believes a “substantial portion” of FTX’s holdings have been both stolen or lacking.
Sam Bankman-Fried stated he needs FTX didn’t file for chapter as he personally not can management the corporate’s restructuring. FTX and 100 subsidiaries situated in Delaware are beneath chapter 11, however FTX Digital Markets, based mostly within the Bahamas, is separate and Bankman-Fried believes he has some shot in the dead of night with these belongings. “F— regulators, they make every little thing worse,” the 30-year-old tweeted. Regardless, the cash is gone.
A deep faux video started circulating over the weekend of Sam Bankman-Fried:
“Howdy everybody. As you recognize our FTX alternate goes bankrupt,” the deep faux of Bankman-Fried stated within the video. “However I hasten to tell all customers that you shouldn't panic. As compensation for the loss we now have ready a giveaway for you in which you'll be able to double your cryptocurrency. To do that, simply go to the positioning [redacted].”
The video tried to reap the benefits of victims by asking them to enroll in a faux crypto giveaway. The video is an entire lie – that’s not Sam Bankman-Fried, and the victims won’t obtain compensation. What folks should perceive is that there isn’t any report of those funds current anyplace. Nobody is aware of who labored for FTX, as all primary info has been shielded. These mysterious workers have been inspired to make use of software program that routinely deleted messages, they usually typically spoke in code. Alameda Silo, Ventures Silo, and Bankman-Fried’s different entities allegedly invested in holdings however didn’t hold a report of their actions. There is no such thing as a checklist of financial institution accounts, signatories, or proof of debtors’ creditworthiness. Nobody is aware of how a lot cash FTX ought to have or the place the funds have gone.
Don’t consider these deep fakes and don’t consider something Bankman-Fried says, whether or not a deep faux or not. As Ray defined, “Mr. Bankman-Fried will not be employed by the Debtors and doesn’t converse for them. Mr. Bankman-Fried, at present within the Bahamas, continues to make erratic and deceptive public statements.”
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