The downfall of FTX's Sam Bankman-Fried
sends shockwaves through the crypto world
Posted By: Hazymac, 11/14/2022 1:40:54 PM
NEW YORK — Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world's first trillionaire. Now the comments about the 30-year-old Bankman-Fried range from bemused to hostile after FTX filed for bankruptcy protection Friday, leaving his investors and customers feeling duped and many others in the crypto world fearing the repercussions. Bankman-Fried himself could face civil or criminal charges. "I've known him for a number of years and what just happened is just shocking," said Jeremy Allaire, the co-founder and CEO of cryptocurrency company Circle.
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It’s been often said that we are a nation of laws. Judicial supremacism is the opposite of a nation of laws. It’s a system under which judges legislate to suit their own whims with no limits on their power.
Even by the standards of resistance judicial activism, this one is really something.
A Georgia judge on Tuesday found the state’s six-week abortion ban to be “plainly unconstitutional” and has barred it from being enforced.
Which Constitution?
The Living Infants Fairness and Equality (LIFE) Act in Georgia bans abortions after a fetal heartbeat is detectable, generally around six weeks into a pregnancy. The bill passed in 2019 but was found
The in-house performance coach at FTX claimed Tuesday the doomed crypto firm’s headquarters in the Bahamas was a “pretty tame place” — despite rampant speculation about its executives’ sex lives and alleged substance use.
Online gossip alleging the group lived in a “polycule” — or network of polyamorous relationships — surged after CoinDesk reported the executives “are, or used to be, paired up in romantic relationships with each other.”
Dr. George K. Lerner, a psychiatrist, reportedly served as a therapist to disgraced FTX CEO Sam Bankman-Fried and an adviser to many of the firm’s employees. Bankman-Fried and his ex-lover Caroline Ellison were reportedly part of a 10-person group that ran FTX
The D.C. Council unanimously passed a bill on Tuesday that would overhaul the city’s criminal code for the first time in more than 100 years.
The council sent the bill to Mayor Muriel Bowser to sign into law.
The Revised Criminal Code Act of 2022 and its revisions have been shaped by the D.C. Criminal Code Reform Commission. It has been through numerous public hearings, but parts of the measure are opposed by Bowser and police Chief Robert Contee. The bill’s principal sponsor, Ward 6 Council member Charles Allen, who also chairs the Committee on the Judiciary and Public Safety, said the measure is meant to modernize the criminal code
The Return of Satan
3 replies
The devil is in the news again, at least on Russian TV. Time after time, big names on state television have portrayed the current war in Ukraine not only as a struggle between Moscow and Kyiv; nor even Russia versus NATO, but as an actual contest between good and evil, with the celestial forces on the one hand and Satan on the other. Russian commentator Vladimir Solovyov admitted that ‘we were formerly Soviet atheists, but we are now a crack team of Orthodox, Muslim and Buddhist traditionalists waging a war against Satan from our base in the Kremlin.’ It’s no fluke. Last month, the Jamestown Foundation think tank
According to a report by National Review, a man, Austin Killips, won an elite woman’s cycling race at a Massachusetts cyclocross tournament on Saturday, November 12.
Killips, “a transgender-identifying man,” won out over 43 women on the first day of the Massachusetts tournament.
He completed the race in 50 minutes and 25 seconds, according to the results. Killips was awarded the victor’s trophy and was photographed on the top ceremonial pedestal next to second-place cyclist Ava Holmgren, who finished the race one second behind Killips, and third-place cyclist Lizzy Gunsalus, who had a time of 50:31. The second- and third-place finishers are women.
The next day, Killips placed third on the second day
About "Deniers"
12 replies
It all started with Holocaust deniers. That phrase has a clear meaning: it refers to someone who denies that the Holocaust took place.
But liberals saw potential in the locution, an opportunity to disqualify their opponents without actually making an argument. Thus, they started labeling people as “climate deniers.” What does that mean? Someone who denies that we have a climate? There is no such person. Someone who denies that our climate changes? There is no such person. No: a “climate denier” is anyone who questions any of a long list of theories that liberals string together to justify devastating our standard of living for no good reason.
The U.S. Eighth Circuit Court of Appeals ordered a nationwide injunction pending appeal against President Joe Biden’s student loan debt forgiveness program Monday, adding to previous legal action blocking the plan.
The program seeks to forgive $10,000 in federal student loan debt for individuals with incomes under $125,000 and up to $20,000 for Pell Grant recipients, with the Biden administration claiming it had the authority to institute the program under the HEROES Act of 2003 and an emergency situation sparked by the COVID-19 pandemic. Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina had filed a lawsuit against the Biden administration in late September over the program,
Old Joe Biden, the ostensible president of the United States, on Wednesday held one of his Potemkin press conferences before the gathering of sycophants and propagandists known as the White House press corps. When a reporter said that Trump’s movement was “still very strong,” Biden laughed derisively and said, “Oh yeah?” He added, “Well, we just have to demonstrate that he will not take power by — if we — if he does run. I’m making sure he, under legitimate efforts of our Constitution, does not become the next President again.” How can he make sure of that? He didn’t say, and of course the sycophants didn’t ask.
NEW YORK — Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the savior of crypto, the newest force in Democratic politics and potentially the world's first trillionaire.
Now the comments about the 30-year-old Bankman-Fried range from bemused to hostile after FTX filed for bankruptcy protection Friday, leaving his investors and customers feeling duped and many others in the crypto world fearing the repercussions. Bankman-Fried himself could face civil or criminal charges.
"I've known him for a number of years and what just happened is just shocking," said Jeremy Allaire, the co-founder and CEO of cryptocurrency company Circle.
World leaders, activists and organization leaders jetted over to Egypt, a fantastically polluted county, for the COP27 United Nations summit, to save the planet.
If only someone would save the planet from them.
“My friends, I came to the presidency determined to make … transformational changes that are needed, that America needs to make and we have to do for the rest of the world, to overcome decades of opposition and obstacles of progress on this issue alone,” Biden threatened
With high fuel prices at the pump, runaway inflationary spending, like using the Inflation Increase Act to finance corrupt green energy policies, we can see those “transformational” policies underway.
Crypto Billionaire And Dem Donor’s $16
Billion Fortune Evaporated In A Matter
Of Days: Report 17 replies
Billion Fortune Evaporated In A Matter
Of Days: Report 17 replies
The value of the combined assets of the second-largest billionaire Democratic donor, Sam Bankman-Fried, has plunged from $16 billion at the start of the week to $0 following the collapse of his businesses, Bloomberg reported Friday morning.
The estimation follows a liquidity crisis at crypto exchange FTX, which Bankman-Fried co-founded and retains a 70% stake in, according to Bloomberg. On top of the historic collapse in Bankman-Fried’s personal wealth, the U.S. arm of FTX is now valued at just $1, down from a peak of $8 billion in January.
Both FTX and the Bankman-Fried-founded trading house Alameda Research filed for Chapter 11 bankruptcy Friday. Bankman-Fried is reportedly under investigation by both the
SHARM EL-SHEIKH, Egypt — A detailed inventory of the top known sources of greenhouse gas emitters launched by former U.S. Vice President Al Gore at the U.N. climate summit in Egypt on Wednesday found that the top 14 individual polluters are all gas and oil fields and their associated facilities, despite their emissions being “significantly underreported.”
The inventory was compiled by Climate TRACE, a coalition of researchers, data analysts and non-governmental organizations who use multiple open sources including satellite coverage, remote sensing and artificial intelligence to track who exactly is polluting, and how much.
Emissions stemming from oil and gas production were already estimated to be
Most Active Articles (last 48 hours)
Faced with questions about his ability to lead after the midterm election debacle, a defiant Senate Minority Leader Mitch McConnell deflected blame from his own culpability in the Democrats retaining control of the upper chamber and instead blamed it on public dissatisfaction with MAGA candidates.
The embattled McConnell spoke to reporters on Tuesday, defending his dismal performance and the refusal to adequately fund candidates who were endorsed by former and perhaps future President Donald J. Trump such as Blake Masters in Arizona, instead spending money to support RINO Lisa Murkowski in Alaska against her America first opponent, also a Republican.
She’s a two-time Academy Award-winning film star, an outspoken activist, a veteran fitness guru and an all-around icon — and at 84, Jane Fonda believes her days of accepting accolades and championing causes will be coming to an end “sooner rather than later.”
During a recent interview on “Entertainment Tonight,” the legendary Hollywood talent spoke openly about her own mortality. Fonda addressed the topic when speaking about the urgency for other high-profile celebrities to stand up for important causes because, as she put it, “I’m not going to be around for much longer.” That statement wasn’t in reference to her
An adviser for Sen.-elect John Fetterman is reminding people that he will not be able to answer questions in the usual way due to health-related conditions. Rebecca Katz, a longtime Fetterman adviser, responded to a HuffPost reporter's tweet, saying that there are "two things we need to get out of the way" as reporters are covering the orientation for new members of Congress. "John Fetterman has a suit and will wear it to the Capitol," Katz tweeted. "He is still recovering from a stroke and has lingering auditory processing challenges. The way Hill reporters are used to yelling questions at
Here’s what Kari Lake said about the
last ballot dump just before it dropped
and put Hobbs ahead 31 replies
last ballot dump just before it dropped
and put Hobbs ahead 31 replies
The Associated Press called the Arizona gubernatorial race for Democrat Katie Hobbs at 9:30 pm Monday night. Hobbs, who stared down calls to recuse herself from overseeing her own election as Arizona’s secretary of state, is expected to certify her own election near the end of the month.
Hobbs’ opponent, Kari Lake, who had been widely expected to win, may not go quietly into the night. Shortly before the “vote dump” that preceded the call, Lake was on Fox News’s “Jesse Watters Primetime.” (Video) “What’s going to happen when we hear about this vote dump?” asked Watters.
“I don’t know… We think we should be in good shape,” she said,
After the midterms, the Republican Party and half of the conservative movement are now furious with Donald Trump. Their writs are many — even though the party establishment shares much of the blame.
Even before the midterms, there was a latent feeling among half of Republicans that Trump, given his age, and the animus he incurs among the rich Left and touchy independents, might retire to the role of kingmaker, rather than try a third presidential election.
Trump’s eruptions, coupled with Florida Gov. Ron DeSantis’ stunning and singular midterm success, ensured that such prior latent conservative unease is now overt.
Joe Biden Sparks Concern After Bowing
out of G20 'Leaders' Event, White House
Won’t Explain Why 29 replies
out of G20 'Leaders' Event, White House
Won’t Explain Why 29 replies
As we previously reported, President Joe Biden has been on an overseas tour of sorts over the course of the last several days. As per the norm, there has been one embarrassment after another with perhaps the most notable one being his shameless kowtowing to Chinese “leaders” ahead of the G20 summit in Bali, Indonesia at a time when the United States should be projecting strength and competency on a world stage. But in a far more concerning moment, multiple news outlets are reporting that Biden unexpectedly bowed out of the G20 leaders’ dinner Monday night without explanation, calling an “early lid”
America's #1 cable news channel was the outlet that former vice president Mike Pence chose on Tuesday evening to do everything but formally declare that he will be a candidate for the Republican presidential nomination in 2024.
In an extensive live interview with Bret Baier from New York, where he is promoting his political memoir, So Help Me God, published yesterday (including an hour-long town hall on CNN tonight), Pence used the high-profile platform of Fox News to position himself as a sane, moderate, Christian-inspired alternative to President Trump as well as any other candidates among the growing number who plan to challenge President Biden in two years.
Senate Republicans voted Wednesday to elect Sen. Mitch McConnell (R-Ky.) as their leader over National Republican Senatorial Committee Chairman Rick Scott (R-Fla.) who announced his desire to replace McConnell at an acrimonious conference meeting Tuesday. A large majority of GOP senators voted to elect McConnell leader after a motion backed by Sen. Ted Cruz (R-Texas) and other conservatives to delay the leadership election until after the Dec. 6 Georgia runoff failed.
Former first daughter Ivanka Trump said late Tuesday that she would play no part in her father’s 2024 presidential campaign, one day after The Post reported the former commander-in-chief had pleaded with her to be on stage with him when he announced his run.
“I love my father very much. This time around, I am choosing to prioritize my young children and the private life we are creating as a family. I do not plan to be involved in politics,” Ivanka, 41, said in a statement.
“While I will always love and support my father, going forward I will do so outside the political arena,” she added.
House Republicans nominated Minority Leader Kevin McCarthy (Calif.) to be Speaker in a closed-door conference meeting on Tuesday after he faced a last-minute protest challenge from Rep. Andy Biggs (Ariz.), a former chairman of the conservative House Freedom Caucus.
McCarthy won easily, 188 to 31, in the internal conference meeting. But in the eyes of Biggs and his supporters, the goal was merely to demonstrate that McCarthy lacks the support to seize the gavel when the full House meets to choose the Speaker early next year. The 31 votes opposing McCarthy easily met that threshold, raising immediate questions
Far-left network MSNBC did not carry former President Donald Trump’s 2024 campaign announcement speech live.
Trump spoke at 9 p.m. on November 15 from Mar-a-Lago.
Fox News aired most of the speech, but also cut away for analysis from Sean Hannity, Mike Huckabee, Pete Hegseth, Leo Terrell, and others.
“CNN also carried Trump’s remarks live but cut away after about 20 minutes to offer analysis from a political panel and fact-checks of the various claims Trump made during his speech on issues ranging from energy to the results of the midterm elections,” The Hill reports.
Sen. Majority Leader Chuck Schumer made a fresh pitch for amnesty Wednesday when he claimed the U.S. is 'short of workers' so Congress needs to pass a 'path to citizenship' for 'however many undocumented there are here'.
'We're short of workers, we have a population that is not reproducing on its own with the same level that it used to,' the New York Democrat reasoned.
'The only way we're going to have a great future is if we welcome and embrace immigrants… get a path to citizenship for all 11 million or however many there are here.'
Comments:
Bankman-Fried ripped off some very powerful people. Will one of them have the opportunity to get some payback in blood? (Think Pulp Fiction's Marsellus Wallace with his one time captor Zed. Zed didn't do well.)