FTX secretly gave $17.5m to Aussie crypto influencer

[Faisal2202]

I disagree, they paid him in 2021, it's 2024 and we have heard this only because their papers are under examination from the bankruptcy court, so they did manage to hide it pretty well.

Oh okay, I did not check the dates of the loan taken, I thought it occurred recently, as according to my knowledge FTX went bankrupt in 2022 then how can FTX pay/borrow Aussie (the crypto influencer) money before 2022. I checked the data it was almost in November I think. I think Aussie took the loan in 2021 and after the exchange went bankrupt in 2022, then after that event.

FTX borrowed money to Aussie so he could give the funds back to his investors. I think we should check the dates again. I will be looking forward.

[Rruchi man]

They really bad at managing things, they need some good managerial experts.

Quick question, can Sam's sentencing worsen if more dirts on his activities in FTX are uncovered?

[Stompix]

Quick question, can Sam's sentencing worsen if more dirts on his activities in FTX are uncovered?

Not unless they open a new case, that sentence is set in stone.
But again, SBF was never offered a plea deal so he never reached an agreement which usually is about the prosecutor dropping additional or future charges on a case for a confirmed conviction on one.

Unfortunately for the ones waiting for SBF in jail more, there is nothing criminal here, it's like a casino giving back someone his losses on a loan, at most a civil lawsuit but it will be against FTX, not SBF.

[Kemarit]

They really bad at managing things, they need some good managerial experts.

Quick question, can Sam's sentencing worsen if more dirts on his activities in FTX are uncovered?

No, the decision has been handed already, not sure about it what you call that, but it could be "double jeopardy". So he has to suffer what the judges gave to him. And it could be good if they unravel who's who in SBF payroll like this influencer and maybe someone will go after him because of this but who knows.

And the victims are waiting to be compensated with what the prosecutor can liquidate from SBF.

[Stompix]

No, the decision has been handed already, not sure about it what you call that, but it could be "double jeopardy".

Double jeopardy applies to the same crime. He can't be again trialed on:

Conspiracy to commit wire fraud on customers
Wire fraud on customers
Conspiracy to commit wire fraud on lenders
Wire fraud on lenders
Conspiracy to commit commodities fraud
Conspiracy to commit securities fraud
Conspiracy to commit money laundering

if those are related to FTX, he will not face anything, if it's a different thing, like again something fishy with Sequoia Capital he can be brought in the face of a judge. But here is most likely a civil case in case some of the victims would try to sue that influencer (hard take, they have been paid), or the guy himself, again, I see no point. And by US laws it's not bribery either since it's a loan with clauses!
The only thing that will put SBF for more time in jail would be a criminal case outside the US or a case of bribery against officials, like the $40 for some Chinese officials.

[Faisal2202]

They really bad at managing things, they need some good managerial experts.

Quick question, can Sam's sentencing worsen if more dirts on his activities in FTX are uncovered?

No, the decision has been handed already, not sure about it what you call that, but it could be "double jeopardy". So he has to suffer what the judges gave to him. And it could be good if they unravel who's who in SBF payroll like this influencer and maybe someone will go after him because of this but who knows.

And the victims are waiting to be compensated with what the prosecutor can liquidate from SBF.

You are right, the sentence has already been given and I also don't think they will add more just because he tried to solve the case under the table. I don't have much knowledge of law but I think it's not a big violation that needs to be punished. So I think the judges will pass it, but these types of acts can be useful for other parties to use it against him.

But they already have won and he has been jailed so I don't think these types of uncovers are going to do much harm besides FTX has announced the distribution of funds to all the victims therefore they might go soft on SBF but only if he fulfills what he promised.