Now that SBF is charged on six counts of conspiracy, it's safe to say it's safe to not believe anything that person says. I don't believe the "leveraged trades gone wrong" angle.
I do believe there's a conspiracy. That's what several, including @Bitfinex'ed (a Twitter user exposing the tether fraud) and Marc Cohodes, said years and months before SBF was exposed for the ponzi boy he was.
They don't believe the fraud only stops at SBF / Caroline Ellison.
How much is going to be found depends on how far they investigate on the conspiracy.
A good place to start looking for a conspiracy to defraud is this: FTX's top lawyer, Dan Friedberg, happened to be colleague with Bitfinex's top lawyer. Indeed, they both worked at a company which defrauded online poker players by cheating on them (using a "god mode" on the server software they were offering).
I'd say that's a good start for the "conspiracy" angle: go look at Dan Friedberg's implication in the scheme. And at its relation with his former colleague now at Bitfinex. And seen that the Panamera papers exposed that Bitfinex/iFinex/tether/Deltec were all one and the same gang of criminals, and seen that it's a fact that Moonstone bank, which SBF bought in the US from Deltec's owner (at least partially) maybe, just maybe...
That it's time to look into the tether fraud to find the billions?
How much was really "lost"?
Now that SBF is charged on six counts of conspiracy, it's safe to say it's safe to not believe anything that person says. I don't believe the "leveraged trades gone wrong" angle.
I do believe there's a conspiracy. That's what several, including @Bitfinex'ed (a Twitter user exposing the tether fraud) and Marc Cohodes, said years and months before SBF was exposed for the ponzi boy he was.
They don't believe the fraud only stops at SBF / Caroline Ellison.
How much is going to be found depends on how far they investigate on the conspiracy.
A good place to start looking for a conspiracy to defraud is this: FTX's top lawyer, Dan Friedberg, happened to be colleague with Bitfinex's top lawyer. Indeed, they both worked at a company which defrauded online poker players by cheating on them (using a "god mode" on the server software they were offering).
I'd say that's a good start for the "conspiracy" angle: go look at Dan Friedberg's implication in the scheme. And at its relation with his former colleague now at Bitfinex. And seen that the Panamera papers exposed that Bitfinex/iFinex/tether/Deltec were all one and the same gang of criminals, and seen that it's a fact that Moonstone bank, which SBF bought in the US from Deltec's owner (at least partially) maybe, just maybe...
That it's time to look into the tether fraud to find the billions?