201–210 of 251 posts
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I read the whole thing, it's a damning account and he's never going to work in finance again.
I highly doubt Sam needs to worry about his career prospects sir. But if he is would love to see solve some LC hards
I'll just quote part of what I said a month ago :) > And given what's leaked from their balance sheet, I don't see how people avoid jail time. https://news.ycombinator.com/item?id=33608691 I'll also add that SBF going on tour was the stupidest thing he could have done. Every time he spoke, he was giving the government more evidence. Hubris has often been the downfall of the rich and powerful throughout history. What'…
>like Musk and SBF I‘m sorry, but what ? Just to give some perspective that I don’t think HN really gets: most of my friends have increased their twitter usage. If you aren’t aware, whatever the team did there a few days ago really has appeared to cut bots down to almost 0. SBF is an [alleged] criminal who has [allegedly] defrauded people of billions of dollars, and will likely be spending a substantial amount of tim…
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they are referring to this: https://www.coindesk.com/layer2/2022/11/15/lets-talk-about-t...
I sat down and read the NYT article. It's not that glamorous for SBF--at best, it paints him as someone in way over his head, but I'm not sure that's a fair characterization. It's somewhat humanizing, but largely in a "what is the CEO thinking as their business falls to ash around them?"--it intersperses the interview with notes about how the company was probably lying at times, and the most contentious questions are…
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Imagine reading a document like this with "United States of America v Your Name" at the top. It would be terrifying. These charges are serious and SBF is going to go down for a long time if convicted. There's also a forfeiture section in the federal indictment that demands forfeiture of all any and all property that is traceable to the commission of the offences.
On a lighter note, here's United States v. Approximately 64,695 Pounds of Shark Fins : https://en.m.wikipedia.org/wiki/United_States_v._Approximate... (the shark fins won)
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Unlikely. That sound you hear is the goalposts being moved yet again
Yeah, now the charges are "too soon" or something. I noticed the behavior living in oil country concerning gas prices. When gas prices go up, that's bad because it makes everything costs more. When gas prices go down, that's bad because it makes the oil and gas industry fire everyone and then no one has jobs. Apparently there's a Platonic ideal price for gas, just no one can tell me what that is. Also with various sh…
It's sort of curious that this SEC action is to protect the venture capital investors like Sequoia who invested in FTX shares directly. If I were a retail investor who lost my savings in FTX, I might be feeling upset that the government is rushing to action in defense of billion-dollar funds whose own due diligence failed massively, while seemingly nothing is being done to help those who invested in crypto based on F…
The "S" in SEC stands for "Securities" -> they are chartered to protect investors. There are other bodies who are chartered to protect consumers.
I’m not sure it’s fair that the big boys get investor treatment and the retail suckers who were led to believe they’re investing get… nothing so far.
I'll just quote part of what I said a month ago :) > And given what's leaked from their balance sheet, I don't see how people avoid jail time. https://news.ycombinator.com/item?id=33608691 I'll also add that SBF going on tour was the stupidest thing he could have done. Every time he spoke, he was giving the government more evidence. Hubris has often been the downfall of the rich and powerful throughout history. What'…
>like Musk and SBF I‘m sorry, but what ? Just to give some perspective that I don’t think HN really gets: most of my friends have increased their twitter usage. If you aren’t aware, whatever the team did there a few days ago really has appeared to cut bots down to almost 0. SBF is an [alleged] criminal who has [allegedly] defrauded people of billions of dollars, and will likely be spending a substantial amount of tim…
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On a lighter note, here's United States v. Approximately 64,695 Pounds of Shark Fins : https://en.m.wikipedia.org/wiki/United_States_v._Approximate... (the shark fins won)
in rem cases have the best captions
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He is the donor. And, no, recipients of legal donations don’t have to give them back because they came from a bad person. (The illegal donations he seems to have admitted to might have to be given up, but that’s a separate legal issue.)
"The illegal donations he seems to have admitted to..." Source?