Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.
They want to pretend like this was incompetence. He's getting the fake books. Anyone who's done anything with crypto knows the "hackers" are laser focused on anything crypto. I've seen more fishing, password guessing, and other low bar scamming around the crypto space than anything else ever.
If he was really that loose with his operation, he would have been robbed blind in the first weeks of operation. As they became bigger and more recognized that put an even larger target on their back. This wasn't incompetence. This was planned fraud from day one. They knew exactly what they were stealing, who they were stealing from, and who was receiving the ill gotten gains.
I believe you're right, musk identified bankman as a fraudster when he approached him for business, and he's not alone:
https://www.zerohedge.com/markets/youre-absolute-fraud-cme-ceo-terry-duffy-recalls-first-meeting-sam-bankman-fried-march-2022 "You're An Absolute Fraud": CME CEO Terry Duffy Recalls First Meeting Sam Bankman-Fried In March 2022 Ole' Terry's senses from days of being in the pit are still sharp as can be. He pegged FTX for a fraud before the company blew up - and told Bankman-Fried as much to his face.
Scamcoin has proven to be the most efficient money laundering vehicle in human history. There was no "incompetence" here. SBF was hired to do a job and he did it. If he were working for the Republicans the media would have the jew fuck on 24/7 and there would be other jew banking "experts" calling for the end of crypto claiming it's only purpose is crime and funding terrorism.
On a side note, Enron wasn't incompetence either. John Ray III is a well known clean up agent, sent in to clean up books and protect people that were in on the scam and blame/bring up charges against those who had no idea what was going on to be the fall guys.
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