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Sam Bankman-Fried will now surrender himself for extradition Mondaywww.cnbc.com/2022/12/17/ftx-founder-sam-bankman-fried-will-not-contest-us-extradition-in-alleged-fraud-case-source-says.html
1111 sats \ 4 comments \ @siggy47 18 Dec 2022 bitcoin
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14 sats \ 0 replies \ @cointastical 18 Dec 2022
"Maximum-security cells for men measured approximately six feet by 10 feet and held up to six persons with no mattresses or toilet facilities. Inmates removed human waste by bucket. Prisoners complained of the lack of beds and bedding," according to the report. "Some inmates developed bedsores from lying on bare ground. Sanitation was a general problem, and cells were infested with rats, maggots, and insects."
SBF Changes Mind On Extradition To US After Four Days In Bahamian Jail https://www.zerohedge.com/political/sbf-changes-mind-extradition-us-after-five-days-bahamian-jail
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15 sats \ 1 reply \ @chungkingexpress 18 Dec 2022
It is all coming home to roost for Sam.
I am glad to see that legal process has caught up with him as for a while there it seemed as if he may simply walk free. What does this mean for the space? I feel like it can only be good for Bitcoin if regulations tighten around unregistered securities.
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11 sats \ 0 replies \ @orthzar 18 Dec 2022
I feel like it can only be good for Bitcoin if regulations tighten around unregistered securities.
Politicians and bureaucrats care very little about unregulated securities, as evidenced by the fact that very few shitcoins have been shutdown. The regulations that they are enforcing cover all cryptocurrencies equally (e.g. KYC/AML). So, if Congress tightens cryptocurrency regulations, Bitcoin will be affected just as much as shitcoins.
That being said, there's a small chance that a ton of shitcoins will be wiped out by the market before Congress gets around to passing strict cryptocurrency laws.
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0 sats \ 0 replies \ @desmondstones1905 18 Dec 2022 freebie
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