The Crypto Briefing just posted that the 9-figure hack that happened to FTX users while they were unable to withdraw their money was an order from the Bahamian government. The Bahamian government (Security Commission) order the hack for themselves.

This sound very stupid but at this point, any news I get about San Bankman-Fried I blindly accept it. There are too many stupid parts of his story that I usually would think are stupid but now I just have to believe the majority of them so I can have peace of mind. From him working with the American Democratic Party and funding their alliances (like LGBTQ, and the like) because he initially received money from them to him being in a polyamorous relationship with his girlfriend and coworker to him being a frugal spender for the sake of frugality and climate bull shit and now this. I heard a sex tape is coming out too. How many stupid things will we see from this guy?

FTX still feels that the hack was not an authorised one and claims to be angry about the issue.

At this point, if I was the commission I wouldn’t care what SBF said or did about his anger. He is a weak man and I know society is supposed to protect the weak among us but not the weak able-bodied (men especially). So he should suck it up and deal with the consequences of his actions. I know I have made mistakes in my life but I am doing my best to learn from them so I don’t go out into the world and do this. And on the world stage, I would hope that I get what's coming to me.

After the hack, the Bahamian government has become one of the largest holders of Ethereum.

I don’t know much about the rights of the Bahamian government in all this but if this was “unauthorised” as SBF said then I just feel bad for the people who have lost their money at the end of all this.

With everything happening, the mainstream media is still taking the story and doing whatever they like with it.

They are making SBF and his girlfriend look like heroes apparently. Calling her s maths wiz and praising the two of them. I think they think this is “Money Heist” except in the movie, people were excited about thieves who stole from the bank of Spain (from the government) not from the people!!…SBF is the opposite of that. He is like a reverse Robin Hood. He robbed the hood and now Forbes is taking the story and trying to paint something beautiful out of all this. It is very ridiculous and a little insulting if you ask me.

The employees in FTX are claiming damages against the company.

I am very happy about this I strongly hope that SBF gets what he deserves. I also hope that the employees can think for themselves next time. I think they were having their money reinvested into FTX when the company started and as the exchange went down it took their money with it. The Managers and the employees have been chatting with encoded messages according to the Business Insider.

The CEO of FTX also has the same belief that the exchange was full of garbage. I think a lot is still going to come out of all this because the more time goes by the more people open up their mouths and nothing good will come out of it. I am never of the opinion that people are 100% bad but this guy SBF apparently does not know how bad this has made him look or the case is that he does not care. The CEO Ray John claims that the record-keeping in the exchange was very poor and there was clear malpractice going on for everyone to see. He said it has been the worst he had ever seen in his life. He too confirms the fact that FTX had the worse set of people working on the project together. They also lacked the experience they needed to make things work.

Andrew Tate took a jab at the whole situation saying he could always sense that something was wrong with the way they handled things.

Altcoin daily points out that this was a blockchain exchange that had bad bookkeeping. Considering that bookkeeping is what blockchain does it make for the most ridiculous situation.

Ray also explained that FTX did not have a list of its employees.

I cannot understand how you start a company without knowing who works for you. I don’t think SBF took anybody’s advice or would admit to the fact that he needed advice. I think he was winging billions of dollars worth of cryptocurrency and that is what makes this whole situation worse.

I don’t need to tell you just how bad this is going to get over the next few days as more people continue to talk and more dirt on this exchange comes out.

I think we might have a blueprint of how not to do things not only as a crypto exchange but as a business as a whole.

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