SBF HOUSE OF CARDS TO TUMBLE – BANKCRUPTCY AND JAIL KARMA PAYBACK

For some time, we have been warning of the fraudulent house of cards build by the SBF crime cartel.   Now, it appears the façade is falling apart.   What is finally emerging is the counterfeit crypto created on his centralised exchanges, the artificial inflation of prices used to create bogus balance sheets assets to borrow real money against, and of course, the realisation that there is no organic demand for any of the SBF projects.   

Finally, as the picture emerges, when all the fragmented pieces of the SBF shells are examined, SBF is insolvent.  Sure, Alameda will pump the FTX and SOL token like crazy, in an effort to survive, but ultimately, we can’t unsee the fraudulent SBF operation now that it is laid bare.   When people start asking how much genuine organic interest there is in SBF projects, they cant hide it.  The emperor is wearing no clothes!

The inherit deceit in the SBF business model, is to have Alameda act as the market maker (‘MM’) for coins listed on his centralised exchanges.  But unlike other MMs who charge a fee for service, Alameda’s scam is “borrow” vast amount of a project’s coins (usually for 2 years) to do the MM by fraudulently deceiving the project to believe that this ‘aligns their interests’.  It does not.  Instead, it allows Alameda to dump the coin amongst its associated wallets and manipulate the price at will.  All without taking no risk at all!  If they destroy the coin, they simply return the ‘borrowed’ coins, obviously worthless. 

Those decimated by the fraudulent MM most intently are those in competition with SBF projects, such as Solana.  The shine came off the heavily marketed SOL when its technical flaws kept remerging and it is apparent that there are no plans whatsoever to take SOL out to testnet.  If it fails in testnet, it has no chance of working on mainnet. 

ICP, Ronin, NuCoin, are amongst the every-expanding list of projects decimated

Are we seeing the Karmic payback?

The puppet master of SBF, is the despicable Dan Frieberg.  Notwithstanding the farce of the SBF exchanges not acting in conflict of interest with the MM, Alameda, it is Dan Freiberg, the dubious legal counsel of FTX who calls the shots for whatever is done by any entity in the SBF cartel empire. 

It takes little research to see who Freiberg is.   He is the entrepreneur behind on-line gambling businesses, but with a twist.  His businesses had a ‘god mode’, where he could see all the cards of the players: their vulnerabilities and strengths.  When an opportunity arose, the god mode would allow his associates to move into the game and exploit the inside knowledge, thereby defrauding the players. 

 So what happens when legal action is taken?  Frieberg steps in to re-write history.   He bribes witnesses to go along with the new narrative and fabricates the documentation to ensure the loss is suffered by a guaranteed entity. 

Why have these creatures of evil dodged regulators?  Is it the phoney philanthropy of SBF where his right hand gives to his left hand?  Is it his Bahama’s residency, where living tax free, American regulators and Politicians are listening to a man who makes sure he pays no taxes in the US?  

There is a groundswell of litigation that will expose the SBF frauds about to become public.   But it took Bitboy, Ben Armstrong, to set the match to the powder keg. 

The announcement by Binance’s CZ to see $500m FTT token over the next two months upon the revelation of the SBF empire’s insolvency, has been interpreted by the SBF apologists as an attack by Binance.  But remember, it was revealed three months ago that FTX ‘black ops’ media propagandists, PR Firm M Group Communications, that was funded by SBF to create an avalanche of negative media to damage Binance.  Journalists and influencers are apparently said to be supplied with a ‘black book’ of dirt about Binance.   There are contacts, references and suggested pre-scripted articles for shills to reproduce as news.  So, there is a war, it was SBF that started it. 

Now we have the situation that Alameda needs to pushing up the FTT and SOL tokens in order for these tokens, used as collateral for their borrowing, to stave off liquidation.  Each time the price starts to look good, Binance will dump more coins.   It is a death spiral set in motion.

It is well recognised that the intelligence organisation funding SBF will need to dig deep to bail SBF out.  However, the political shifts in the Middle East has weakened traditional alliances.   What may appear to be a drama in the crypto world, could have major global political implications.