FTX Sues Former CEO SBF For $10 Million!
While the disgraced FTX founder will no longer face campaign finance charges at his October trial, he’s got some other problems brewing. FTX is on a mission to bounce back. FTX’s lawyers are now suing Sam Bankman-Fried, accusing him of financing his criminal defense with $10 million in misappropriated funds. FTX has also proposed a plan to restart the crypto exchange for international customers.
Transcript
00:00 Let's check back in with our friend, SBF.
00:03 While the disgraced FTX founder will no longer face campaign finance charges at his October
00:09 trial, he's got some other problems brewing.
00:12 FTX is on a mission to bounce back.
00:15 FTX's lawyers are now suing SBF, accusing him of financing his criminal defense with
00:23 $10 million in misappropriated funds.
00:25 FTX has also proposed a plan to restart the crypto exchange for international customers.
00:31 What do we think of FTX 2.0?
00:33 God, we're going to restart the fraud machine?
00:35 I wonder if the backdoor is still built in.
00:38 You can only hope for Caroline.
00:39 He skirted this big time charge because of this little quirk in how our-
00:44 What's the quirk?
00:45 The quirk is between the US and the Bohemian treaty, extradition treaty, that when they
00:50 extradited him, that charge was not included in him getting handed over to the US officials.
00:57 Out of respect for the Bohemian government, they decided to drop the charge.
01:01 That's a big one.
01:02 Out of respect, theoretically, one could go to the Bahamas and commit campaign finance
01:08 fraud and not get in trouble?
01:11 If you get extradited with that charge, you'll get it.
01:16 You got to get some other charges.
01:17 It sounds like it was a paperwork fuck up.
01:20 Them restarting the exchange and all this, honestly, every single dollar that Sam touched
01:25 was customer funds or investor funds that was misappropriated.
01:30 This guy's just got to get sued to death.
01:32 Yeah, I don't know.
01:33 Jail.
01:34 Just jail.
01:35 Straight to jail.
01:36 Just put him in jail.