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It's hard for me to fathom being so privileged and then essentially throwing away your life. I have no idea what they were thinking.
Earlier quoted context omitted.
Many things. But for one, he lobbied for a future where individuals would no longer legally be able to use blockchains directly or build businesses on them (aside from pure direct person-to-person payments). Doesn't get much less "cryptobro" than lobbying against people being able to use blockchains.
I think he said a lot of things; and did the complete opposite. Why would any one statement carry any weight at all?
It's hard for me to fathom being so privileged and then essentially throwing away your life. I have no idea what they were thinking.
It would be a slap in the face if they got some absurd plea deal where they didn't have to go to jail if they testified against Sam.
Too bad HBO's Silicon Valley isn't still going. The writers would have had a field day.
Seasons 1 and 2 were absolutely hysterical and amazing, but by the end the writing got really terrible.
Caroline only took over recently, I haven't heard anything about his legal standing at this point.
Nothing here happened on a blockchain. If it had there wouldn't have been problems. This is a typical finance market scam.
> In its complaint, the S.E.C. said Ms. Ellison, under direction from Mr. Bankman-Fried, had manipulated the price of a digital currency that FTX created, called FTT, by buying large quantities to prop up its price. Alameda was one of the major firms that was trading FTT and had used the crypto token as collateral for loans it got from other big crypto firms to fund its trading. FTT is on the Ethereum Blockchain.
Anyone can put scam token on Ethereum, just like anyone can publish a website. It has no relevance to Ethereum whatsoever. What the poster meant was that the FTX, the organization, was not an Ethereum protocol, it was just a centralized financial institution that published some random token.
It's hard for me to fathom being so privileged and then essentially throwing away your life. I have no idea what they were thinking.
They almost certainly did not think anything they were doing was wrong. Effective altruism and utilitarianism is one helluva drug
Earlier quoted context omitted.
> In previous discussions, I said there was a 0% chance she got some sort of deal. Well that prediction didn't age well. Looks like she got herself a deal.
She got one thing… they won’t pursue tax fraud charges. Wow. Everything else she gets is from the courts.
Her deal is that they won't prosecute her for anything else related to these crimes except that they can't promise she won't be prosecuted for tax fraud.
Her deal is also a sentencing recommendation that a judge is very likely to accept.