111–120 of 890 posts
SBF and Caroline (and probably Trabucco) probably already on their way to non-extradition countries and taking what little cash remains with them. They'll end up in prison if they don't.
Who (which government agency etc.) would be expected to track their whereabouts in this scenario?
What I don't get (well I do, lobbying and inside deals), is why these guys have run so long (especially Tether). Just because crypto is a 'decentralised' wild west opposed to government shouldn't mean they sit outside of the laws around fraud, laundering and deception, especially if they're registered companies. The lack of legal focus, given the obvious illegitimacy of it all is disgraceful and I can't even imagine…
Entirely speculation, but something fun I've heard repeated occasionally:
If this was "just tech", it could find itself regulated easily. (Though this isn't necessarily the case.)
If it's a geopolitical weapon or spy tool of any consequence, then there may be other stakeholders pushing back against weakening it.
Plausible, borderline conspiratorial, but fun to think about.
Earlier quoted context omitted.
Fancifully entertaining someone's death is definitely over the line in HN comments. Please don't post like that. https://news.ycombinator.com/newsguidelines.html Edit: I'm surprised at how many people are eager to go there: https://news.ycombinator.com/item?id=33570385 https://news.ycombinator.com/item?id=33570266 https://news.ycombinator.com/item?id=33570205 That is not what HN is for, so please don't.
Apologies if my comment sounded like wishing for someone's death. I promise that was not my intent. I'm aghast at the magnitude of his disastrous actions and wondering how could someone cope with the situation he put himself in, from a psychological point of view.
Elon posted about this on twitter: https://twitter.com/elonmusk/status/1591313397362352130
Earlier quoted context omitted.
I don’t think SBF would be dumb enough to steal $400m right now when the whole world is watching his every move.
He's going to prison anyway, his reputation is tarnished, maybe he figured: Why not make a run for it?
"I hold the private key to refund 80% of my victims losses, reduce my sentence or it dies with me."
I am no fan of crypto myself, but it's interesting to think what would have to happen for crypto to burnish its image.
Would key people have to voluntarily form some sort of coordinating council and self-regulate? Would they have to invite governments to regulate them better? Whatever the solution is, I'd be highly surprised if it could be done algorithmically and reassure anyone.
To all the people replying that crypto isn't regulated: that's a myth. Exchanges are regulated and keep KYC info of their customers. If the FTX hack is true, then all that KYC info will be sold in the black market. Regulation didn't prevent the hack (or rug-pull?). Self-custody with DeFi does prevent it. It's shocking how some people are for tinkering hardware/software and self-hosting services like Nextcloud, but it…
The reason people are comfortable tinkering with hardware and software is that it involves little to no risk. The stakes are extremely low.
Elon posted about this on twitter: https://twitter.com/elonmusk/status/1591313397362352130
Earlier quoted context omitted.
Apologies if my comment sounded like wishing for someone's death. I promise that was not my intent. I'm aghast at the magnitude of his disastrous actions and wondering how could someone cope with the situation he put himself in, from a psychological point of view.
I 100% believe you. But just imagine if you were reading comments like those about yourself, and imagine there were a ton of them. We don't want HN to be a generator for that kind of thing. We all tend to underestimate the impact of our comments by a good 10x.
It gets worse: somebody has pushed what appears to be a malicious update to the FTX app, and the official FTX telegram channel is warning people not to even browse to the website! https://twitter.com/zachxbt/status/1591293813519253504
The update box is clearly based on their pre existing popup used for things like 2FA.
Could this popup have been modified with new text and linked to a new malicious site without an app update on ios or android?
Or, could the popup only function if it was already coded into the app waiting to be activated? Meaning premeditated