Coinbase CEO angrily reprimanded “SBF is lying too much”: An extra $8 billion can be spent, didn’t you notice? (FTX) | Dynamic Trends – the most influential blockchain media (Bitcoin, cryptocurrency)

cryptocurrency exchange FTX founder Sam Bankman-Fried (SBF) previously made an online appearance at the DealBook Summitclaiming that FTX’s $8 billion funding loophole is an accounting error, Coinbase CEO Brian Armstrong issued a document today (2nd) to refute: There are $8 billion to spend, and we will definitely notice!
(Recap:The truth behind the FT explosion: Alameda suffered a “$1 billion loss” last year because it was an FTX user opponent!
(background supplement:SBF Disconnected During Speech: I Never Tried To Fraud; Did Not Mix FTX, Alameda Funds!

payAfter the exchange’s FTX capital chain broke down, SBF made a public announcement for the first time at the DealBook Summit on November 30, saying that it “never intentionally mixed” the mixed funds of FTX and market maker Alameda Research, and said that it was 8 billion U.S. dollars The liquidity loophole of the company is purely an “accounting error”. This statement has caused many investors to doubt that it is confusing.

This morning (4th), Coinbase CEO Brian Armstrong refuted SBF severely on Twitter, saying that it is completely impossible for him not to notice the $8 billion account.

Further reading:SBF Disconnected During Speech: I Never Tried To Fraud; Did Not Mix FTX, Alameda Funds!

Brian Armstrong: Dodging accounting mistakes is ridiculous

Four days after SBF spoke out, Coinbase CEO Brian Armstrong finally had enough of SBF’s claim that accounting errors were made, writing:

I don’t care how messed up your (SBF’s) books are, or how rich you are, if you find out you have an extra $8 billion to spend, you’ll notice. Even the most gullible should not believe the SBF’s claim that this is an accounting error.

He embezzled client funds for his collision fund, plain and simple.

Dogecoin (Dogecoin) co-founder Billy Markus also agreed with Armstrong’s statement. He left a message as an example, how did SBF’s parents own a $12 million mansion in the Bahamas funded by FTX? And imitating the tone of SBF, he designed an answer:

Oh yeah, I had no idea, it just happened, it was crazy, how did these things happen like magic for no reason? Alright, time for me to go, thank you all for believing my super credible statement!

Forbes: SBF not ignorant of Alameda finances

SBF’s statements at different points in time are now being opened and examined one by one, according to Forbes published on the 2ndComprehensive reportpointing out that SBF’s statement at the DealBook summit that it “only understands Alameda’s financial status on the surface” is inaccurate.

Forbes alleges that between January 2021 and August 2022, SBF and Forbes shared various asset documents to demonstrate how rich he was. also,SBF also shared documents on various Alameda Research transactions and holdingsapparently more than just a “surface understanding” of its financial situation.

📍Related reports📍

The truth behind the FT explosion: Alameda suffered a “$1 billion loss” last year because it was an FTX user opponent!

Highlights” SBF Talks to New York Times Writers: Why Are Alameda and FTX Funds Mixed? Worried about criminal liability?

SBF Disconnected During Speech: I Never Tried To Fraud; Did Not Mix FTX, Alameda Funds!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.