51–60 of 401 posts
A programmer who helped create Tornado Cash rots in a Dutch jail cell (not charged, might I add) while SBF, Do Kwan, Elizabeth Holmes, and Trevor Milton still remain free. SBF is actually in a $30 million penthouse playing League of Legends. Clown world
to be clear: - he lent his own hedge fund $8b collateralized by tokens he controlled issuance of (FTT, SRM, MAPS, OXY). At full size, the liquidation price of these tokens was 0 (he also purchased billions worth of FTT off the market when he could print them himself for free?). - Sensing alameda was insolvent and customer funds were misappropriated, customers withdrew until they ran out of liquidity. - Withdrawals we…
This part seems to have been mostly speculation. He deleted 118 tweets & retweets, so his one letter tweets did little to cover his tracks[1]. I have no idea why he did the one-letter thing. Maybe to get attention?
The guy's lawyers need to get him to shut up.
Earlier quoted context omitted.
This is further evidence that he was thinking of this in terms of all-or-nothing coin flips. In case you haven't seen it: COWEN: Okay, but let’s say there’s a game: 51 percent, you double the Earth out somewhere else; 49 percent, it all disappears. Would you play that game? And would you keep on playing that, double or nothing? BANKMAN-FRIED: With one caveat. Let me give the caveat first, just to be a party pooper, w…
SBF talks about money like a prop trader who thinks that blowing your account is just a thing that happens to everyone in their lifetime, crossed with an extreme Rationalist (of the self-described "Rationalist" community) who thinks everything can be reduced to choosing between Column A and Column B based on which column has more utils .
A programmer who helped create Tornado Cash rots in a Dutch jail cell (not charged, might I add) while SBF, Do Kwan, Elizabeth Holmes, and Trevor Milton still remain free. SBF is actually in a $30 million penthouse playing League of Legends. Clown world
I am lucky enough to live in New York, so even when tempted, I couldn't partake in this charade without trying to find a bunch of shady loopholes.
But as for the others, I guess you just can't win.
It’s absurd as he is essentially a well connected criminal.
edit I do want to correct one thing - this is not a puff piece like the NYT one, actually it implicates him.
A programmer who helped create Tornado Cash rots in a Dutch jail cell (not charged, might I add) while SBF, Do Kwan, Elizabeth Holmes, and Trevor Milton still remain free. SBF is actually in a $30 million penthouse playing League of Legends. Clown world
SBF is monumentally stupid for sending these messages. Straight up admitting that any "ethics" was for reputation only. And not only that, but saying that the mistake was not doubling down again.
Given the money at stake, I'd be suspicious of trusting an interview only over Twitter chat. But he very well could be totally stupid too.
There are people blaming the CTFC and Congress and the Democrats that SBF donated to for not regulating this.
But was FTX (the Bahamian entity) even under their purview?
AFAIK, you weren't even allowed to access FTX from a USA IP address, you had to use a VPN. You could access FTX US which was a different thing and offered a much smaller subset of the products FTX did (and that business seems solvent?)
Like what jurisdiction does the USA have over a crypto exchange elsewhere? I know anything that touches a US dollar can be tried in a Manhattan court and maybe he gets convicted of a crime and extradited here. But like Japanese banks touch US dollars as well, but the USA doesn't get to regulate them, right?
A programmer who helped create Tornado Cash rots in a Dutch jail cell (not charged, might I add) while SBF, Do Kwan, Elizabeth Holmes, and Trevor Milton still remain free. SBF is actually in a $30 million penthouse playing League of Legends. Clown world
Holmes is getting sentenced this week. It took years to get there. This isn't going to happen overnight.