So? They always do in the movies...

Why are these tax haven bullshit countries allowed to get away with so much international crime? They should be sanctioned back to the stone age in my opinion.

Ignoring the issue of whether or not that punishment is appropriate, we have sanctioned others in the past for less

Wealthy people don’t get punished in any proportionate way. Most of them probably in congress. Why else. Rules for thee and not for me.

Because the people you’re expecting to address these problems are the exact people who benefit from them.

For sure. Just venting .

> Bankrupt crypto exchange FTX is accusing the government of the Bahamas of directing unauthorized access to FTX's systems in order to withdraw assets after the company filed for Chapter 11 bankruptcy in the U.S., court filings from Thursday show.

FTX is accusing (blaming) the Bahamian government of “hacking” into their systems and stealing their money after they went bankrupt.

This is insanely stupid and impossible unless they just so happened to have a 0-day poised to siphon off their crypto wallets for this exact contingency.

If you read the article, it’s just FTX blaming the Bahamian government of somehow hacking into their systems and taking their assets conveniently after they went bankrupt. There’s a 0% chance that the Bahamas is actually responsible for an unprecedented cyberattack on a collapsing company.

Meanwhile is anyone noticing that Binance is basically carbon-copying everything FTX did, or maybe Binance was the original inspiration? They even have splashed a celebrity endorsement, Cristiano Ronaldo, on their frontpage now!

> Cristiano Ronaldo is Coming to Binance

> Gear up for Ronaldo’s first-ever NFT collection, available exclusively on Binance. Sign up with code RONALDO to get a special prize on launch day!

But FTX is no longer Sam Bankman Fried. FTX is now run by a new CEO, John J. Ray, who has previously supervised financial scandals such as Enron. He’s not saying the Bahamas are responsible for hacking FTX. He’s saying the Bahamas directed FTX to pay the Bahamian government money FTX owed them after FTX declared bankruptcy. John Ray wants the Bahamian government to give that money back to FTX and get in line with the rest of the people FTX owes money to. Basically he’s accusing the Bahamian government of cutting in line and getting their money first.

Damn, you’re tearing into a country because an outed conman is putting the blame on them?

yikes

When do governments not get their money first?

Well I think we are about to find out. I’m gonna go with, when your government is a small island nation and there are much bigger players than you……you don’t get to go first.

When you make the laws, you get to dictate that. But you don’t make any laws, you’re just here on Reddit spouting prejudiced bullshit.

Laws? There are no laws in the crypto space.

I was speaking generally of all offshore tax havens. But if the government is allowing it to go on inside their borders, then they should suffer international consequences.

The conman is no longer at the helm of FTX. John Ray is the new CEO and he’s saying the Bahamas cut in line and got their money first when they shouldn’t have.

I read the article, but my question isn’t specific to this instance. It is a world wide corruption that needs cleaning. Panama papers? Anyone remember that one?

It's almost as if this isn't in the interest of the people who make our laws 🤔

What could it mean batman?

That’s fair

Makes way more sense. Misread the article, my apologies.

I do wonder why they’d owe the government money, though (besides taxes)

When there's bigger governments lining up...

The more I read the more it seems like it’s the Bahamian government trying to take control of the bankruptcy process and be the entity that decides who gets whatever is left of FTX’s assets.

Maybe the Bahamas were the real Crypto Island all along?

There’s going to be a line for this pound of flesh. It doesn’t seem like the Bahamanians want to let him out of their sight. Dude is in deep shit.

What are you gonna do bomb the City of London's corrupt elites for using their historical connections to create an off-shore shadow banking world?

So the Bahamas Government called the wallet „fuckFTX“ and „fuckSBF“… right.

This like this is the realm of negative percentages, or perhaps complex percentages, where we use i (which is the square root of -1)

there's always money in the Bahama stand.

More like you want to stay here, we get paid or you can fuck off.

I would worry more about your life at this point Sam. Some people will not play nice when they lose that kind of money, and you're hiding out in country where it's real real easy to find you and make you go for a walk.

You can kill someone and get out in 4 years, like brutal ass murder (happened to my father in law), but you rob a bank and you're goddamn done when they catch you.

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You need to be extremely suspicious of anything operating out of the Bahamas. That place is a haven of criminal activity. For example http://dxfairmall.com is completely fraudulent. All they do is steal people’s credit card numbers and payment information. They just change their domain name whenever they start getting attention. Last time I checked up on them (they almost got me) their domain registrar and hosting provider was some company operating out of the Bahamas. I emailed them to tell them what was happening and they basically just replied “tough shit, what are you going to do?” The site has been up for years and no one has been able to stop them.

Congress doesn’t want to piss off the people that launder their money.

> Why are these tax haven bullshit countries allowed to get away with so much international crime?

Because it benefits the rich and powerful who are in a position to disallow these things.

Why? Who’s money do you think they are safe guarding? The rich bahama oil oligarchs/politicians/Premier league soccer players/Hollywood execs?

I don't understand why the rich people use the Bahamas, since apparently the Bahamas will step in like a mafia boss and just take over your assets if you're in trouble? I don't understand why anyone wants to work with Putin either, but I suppose greed is blinding.

I said sanctions. But bombs could work if we put them all in the same room. Maybe tell them there is a big pedo party, rich people love fucking the innocent.

An unregulated fiat currency with no government backing is having problems with interference from outside sources you say? Weird.

By tax haven bullshit countries do you mean the United States? There is a reason most Americans don't hide their financial assets overseas. They don't have to. South Dakota is one of the largest tax havens on the planet.

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