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SBF releases a tweet for the first time in two years

ChainCatcher news, former FTX CEO Sam Bankman-Fried (SBF) tweeted for the first time after two years of silence. In this series of tweets, SBF mainly discussed issues related to layoffs and management:I have a lot of empathy for government employees: I also haven't checked my emails for several (hundred) days. And I can confirm that being unemployed is not as easy as it looks.Firing employees is one of the hardest things in the world to do. It's terrible for everyone involved. My experience is:a) Employees being fired are usually not at faultb) But firing them is often the right decisionMore often than not, the problem is that the company simply doesn't have suitable positions for them.I would say to every person who was laid off: this is also our fault because we didn't provide them with suitable positions, or suitable managers, or a suitable work environment.Maybe at the time, no one was available to manage them. Maybe they were better suited for remote work, but our company adopted face-to-face communication. Maybe they wanted to work on a specific project, but that wasn't what the company needed at the time.Or maybe there were issues within the department they were in.This situation happens frequently. We see competitors hiring 30,000 more employees and then not knowing what to have them do ------ as a result, the entire team is idle all day.We have also experienced this internally, when a manager becomes busy or distracted, half a department can lose direction at the same time.When this happens, it's not the employees' fault. If employers don't know how to organize them, or if no one can manage them effectively, that's not their fault. If internal politics cause their department to lose direction, that's also not their fault.But it makes no sense to leave them there doing nothing.

SBF's approximately $1 billion in financial assets and two private jets have been seized by the U.S. District Court for the Southern District of New York

ChainCatcher news, according to CoinDesk, the U.S. federal court detailed the scale of assets owned by SBF before being tried and imprisoned for fraud, as well as how the U.S. government swiftly intervened to seize approximately $1 billion in financial assets and two aircraft.The final forfeiture order issued by the U.S. District Court for the Southern District of New York on Tuesday formally stripped SBF of ownership of all assets listed in a lengthy property list. Alameda's assets on Binance include: $56 million in XRP, $3.6 million in TRX, $3.4 million in ADA, $2.3 million in BTC, and dozens of other tokens.The most significant asset is the proceeds from the sale of Robinhood stock—$606 million held by SBF's Emergent Fidelity Technologies.Other financial assets include:119 million USDT held by Alameda Research on Binance;$21 million held by Emergent Fidelity Technologies at Marex;$50 million held by FTX Digital Markets at Moonstone Bank;$101 million held by FTX Digital Markets at Silvergate;$7 million held by SBF and another individual at Flagstar Bank.The list of seized assets also includes two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.Court documents also detailed over 250 political donations that have been withdrawn from the campaigns and organizations of the recipients, including amounts donated by FTX executives at SBF's direction.
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