Lidia Lidia

In an alternate universe SBF got the funding he was about to get & FTX didn’t get taken over by bad actor lawyers. He came clean then covered the financial hole. FTX shaped up its internal controls and continued. Massive gains from SOL and Anthropic made everyone whole. No one lost money. SBF would not likely have gone to prison - maybe a massive fine/ other issues or a very short sentence. Ideally a lesson learned for extremely bad practices. SBF definitely did wrong - no doubt about it. But what the lawyers did was WORSE. Yes / absolutely worse in every way — MORE extractive, more harmful to the customers and FAR more unethical. Stunning behavior. But because of a deeply broken system which they control, the lawyers were able to do this and remain above the law. They looted FTX, robbed the victims a second time and enriched themselves. They literally kept hundreds of millions of dollars of customer assets. The theft by the lawyers was much more brazen and egregious. Unlike SBF they will never pay a price for their crimes. While he sits in jail they enjoy generational wealth from their grift. This is not justice. The system is an absolutely corrupt joke.

The FTX bankruptcy has turned into a disaster that many creditors feel is draining more money from FTX while delivering smaller returns after years of waiting, even as much of the media has accepted the bankruptcy team’s narrative portraying themselves as saviors. For many people @arush @justLidiaLidia raising the issue of FTX’s solvency, the goal is to expose how poorly — if not corruptly — the bankruptcy was conducted.

@historian_ftx This guy knows almost nothing about the bankruptcy. He said himself he spent 2 hours looking at it online. I spent 2 years of my life working day and night from the inside.

For those of you that follow me for FTX inconvenient truths, I was on the UCC and can corroborate everything Dan says here in his statement under oath. The mastermind behind this was not John “Anthropic is vaporware”. Andrew Dieterich, the lead lawyer for Sullcrom that structured the vehicle to hide the source of funds for the purchase of $HOOD and lied by omission (later corrected) to Judge Dorsey to escape disqualification of taking control of the bk in 2022, designed this bankruptcy from the get-go, was the one who pulled all entities illegally into bankruptcy, intentionally delayed the formation of the UCC until a full 1.5 months after petition date meanwhile already attempted to resell LedgerX and FTX EU, JP to wipe the evidence, collaborated with Paul Hastings and Judge Dorsey to deny the appointment of an Examiner which the knew full well would be overturned (and was) in appeal but by the time the Examiner was forced appointed it was too late- assets sold rapidly and irreversibly to cash, erasing everyone’s possibility of returns for the benefit of Sullcrom and their cronies to feed off the estate with zero creditor oversight and zero accountability. - John got his $42M bonus - Andrew Dieterich got his generational pay day while remaining mostly anonymous - @novogratz (Sullcrom client) got the SOL - Mysten got their SUI back - Binance (Quinn and Paul Hastings clients) escaped their $2.2B clawback - Genesis got their $1.5B loan returned, - Silicon Valley got Anthropic - Zach Dexter & Mark Wetjen got LedgerX and Mark’s $1.9M bonus post petition while all funds were frozen - @vladtenev (Sullcrom clients) got his 7.5% or $HOOD back and creditors got 15% of our corn. These are unusual but completely predictable outcomes because the incentive system is broken. US Bankruptcy law needs urgent reform, the industry is utter filth and Dan’s statement exposes it from the inside. @aosipovich @Yueqi_Yang @Timccopeland

💣Truth bomb on FTX just dropped: Former FTX data guru @danchapsky under oath, he exposes the FTX bankruptcy corruption: FTX was solvent, but professionals lied to enrich themselves. 🤬FTX was always solvent; customers could receive funds within months if the greedy lawyers had not forced FTX into bankruptcy; 🤬FTX US, Japan, Europe had sufficient cash reserves to fully repay customers on the spot, but the greedy lawyers folded them into bankruptcy. 🤡John Ray, CEO of the debtors, is accused of misleading Congress, the media, and the Official Committee of Unsecured Creditors about FTX’s true financial condition. 🤡Alvarez & Marsal, the firm running the bankruptcy, is accused of deliberately inserting errors into FTX’s financials. A director allegedly admitted the “misrepresentations weren’t a mistake — they were a strategic decision.” 🤡Even the court-appointed examiner faces accusations of collusion. Though he reportedly found FTX US solvent and liquid, he avoided stating it plainly to shield Sullivan & Cromwell and the debtors.

Former FTX outside legal counsel Fenwick & West and FTX victims agreed to settle the class action lawsuit, with the law firm admitting no legal wrongdoing. Fenwick cited litigation costs and potential reputational harm as reasons for the settlement. The settlement amount has not been disclosed.

Still wild how CZ may have effectively given Trump an indirect payoff (for the pardon — and future goodwill). In spring 2025, Binance used USD1 in the ~$2B MGX deal. Circle was reportedly confused, because using USDC would’ve actually generated MORE revenue for Binance under their existing partnership. For context: at the time, $2B was basically most of USD1 market cap. How stablecoin economics work: fiat goes to the issuer → tokens get minted/redeemed as flows change → the issuer invests that fiat (usually short-term T-bills) and keeps the yield. Binance never redeemed those USD1 — they’re still sitting inside the exchange. At current T-bill yields (~3.6–3.8%), that could mean ~$70M+ yearly profit flowing to the Trump family. On top of that, Binance added USD1 trading pairs and keeps pushing integration — effectively boosting demand. You could call that an indirect payoff.

The Role of Binance and CZ in the FTX Collapse How Binance Ruthlessly Sabotaged FTX, Exploiting and Ruining Millions of Users (Based on legal filings, news reports, and Michael Lewis' book) x.com/historian_ftx/… 🚨New Evidence in Court: CZ and Binance’s Lies Harmed FTX Customers x.com/historian_ftx/… The Inside Story of CZ, FTX, and the $2.3 Billion Binance Clawback That Never Happened x.com/historian_ftx/…

Former FTX US President’s New Exchange Raises $35M, Leveraging MIAX Ties to U.S. Regulators and a Favorable U.S. Crypto Policy, Marking Closure of the LedgerX–FTX Saga

@cryptoclaimspro @MHE_BE3ET If you followed the FTX community better, you should know that @MHE_BE3ET is no longer in “this situation.” He doesn’t have any claim you can generously help with. He is just commenting on something that defies logical explanation, except for S&C and claim buyers.

@MHE_BE3ET @justLidiaLidia Sadly, we don’t think it’s just limited to S&C we would suggest it’s the US politicians in general given their actions. We are sorry that you are in this situation and realise you don’t need more bs on top of everything else that you are having to deal with.

apnews.com/article/eu-rus… The Central Bank also described wider EU plans to use Russian assets to aid Ukraine as “illegal, contrary to international law,” arguing that they violated “the principles of sovereign immunity of assets.” Terrible news for #ftx creditors.

@cryptoclaimspro That page lists sanctions programs, not sanctioned countries. “Ukraine-/Russia-related sanctions” refers to targeted measures tied to the conflict, primarily against Russia and specific actors, but it does not mean Ukraine itself is sanctioned ofac.treasury.gov/sanctions-prog…

@justLidiaLidia We are trying to be polite but we have answered the question, you may not like or understand the answer. We have traded some claims for some people based in Ukraine and understand the difficulties of their situation.

🚨🚨🚨Silvergate Bank FTX Settlement How much will you get? How to claim? 📷 ~$140 per claimant if everyone files. 📷 Actual payment varies ($5 minimum), depending on your verified losses. Analysis in the thread 🧵👇

Caroline Ellison, ex-CEO of Alameda Research, transferred to community confinement after 11 months in prison. She’s now under supervision, with an earliest release date of Feb 2026.

@cryptoclaimspro no answer yet to my question why was Ukraine itself listed among the 49 restricted jurisdictions?

@justLidiaLidia Scroll down the page and you will see the Ukraine listed on the page.

Thanks, but this still doesn’t answer the core question: why was Ukraine itself listed among the 49 restricted jurisdictions? Referencing OFAC doesn’t resolve that, because Ukraine is not an OFAC-sanctioned country. OFAC sanctions target Russia, Belarus, Iran, and others but not Ukraine, which is in fact a U.S. ally.

@justLidiaLidia You may have missed this. ofac.treasury.gov/sanctions-prog… If the debtor is unable to pay USD after several years of trying unfortunately they usually distribute the funds to the other claim holders as that enable the debtor to end the bankruptcy. Sadly, being a crypto hub is irrelevant.

@cryptoclaimspro Correction: Actually from the attached document it seems that US and Ukraine were working on this matters at the same time if you read it until the end here rada.gov.ua/en/news/News/2…

Thanks for the explanation, but this still addresses payment mechanics, not the underlying issue. Explaining that Wilmington Trust/M&T Bank act as disbursement agents holding USD and complying with U.S. law explains how distributions are processed, not why Ukraine itself was classified as a restricted jurisdiction. War risk, correspondent banking constraints, or USD clearing limitations affect payment rails, not creditor ownership rights or jurisdictional eligibility. Those issues can be managed through alternative payment mechanisms, intermediaries, or staged distributions, as courts have acknowledged in other cases. Ukraine has been actively working to legalize and regulate crypto, with the stated goal of becoming a European crypto hub, and it began this process well before the U.S. That makes its inclusion in a blanket “restricted jurisdictions” list even harder to justify on regulatory grounds. rada.gov.ua/en/news/News/2… So the question remains: why jurisdictional exclusion was chosen as a policy solution, rather than addressing payment frictions at the operational level.

To clarify: the article refers to the Central Bank of Russia, not the European Central Bank or any neutral authority. The EU’s position also cannot be separated from the context of Russia’s unlawful invasion of Ukraine in February 2022, which is precisely why the EU is debating exceptional measures.

@cryptoclaimspro I don't do TG because is very toxic. Please express yourself here and remember that you started with a post about connecting #FTX creditors with geopolitical problems

@justLidiaLidia We have written a lot about it in our telegram chat please take a read and we hope it will become clearer as there is logic to decision despite how terrible it is for some holders. We are concerned many will receive 0. t.me/ftxclaimstradi…

By the way, let’s remember that 98% of FTX creditors were not U.S. citizens, and the examiner did not find proof of shortfalls for FTX US, so it is still not clear why the forum of this bankruptcy was forced in the U.S., apart from the fact that this is the first coup in the crypto space (a new economy).

@justLidiaLidia Not really, it’s a USD bankruptcy, so the debtor needs to be able to pay the creditors and if they are unable to do so for the reasons stated it’s a problem. Ukraine being a crypto hub is sadly irrelevant in this situation.