Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Bankman-Fried used $100M in stolen FTX funds for political donations, US says

reuters.com

Post reply on HN
Print view View original

61–70 of 179 posts

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#61

Post by BoxFour »

newaccount74 wrote: post #58
lacrimacida wrote: post #24

Earlier quoted context omitted.

> Because even if the politician wants to repay it, new donors want their money going to re-election activities, not going to repay FTX. After a period of time, you might as well be asking the television stations to return the money they received for running the campaign ads, which... isn't gonna happen. Politicians should be made to pay out of their own pockets or have an insurance for this type of situation.

> Politicians should be made to pay out of their own pockets or have an insurance for this type of situation. Why stop at politicians, though? Shouldn't everyone who accepts large sums of money be held accountable if it turns out the money was stolen? At least to some degree?

Does that not hold true at present?

As a straightforward instance that arises periodically, if a bank were to erroneously deposit funds into your account you’re under obligation to return the funds.

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#62

Post by reaperducer »

preommr wrote: post #34
crazygringo wrote: post #13

Earlier quoted context omitted.

It's quite common for politicians to return money that is stolen/foreign/otherwise when they find out. Sometimes because the law requires it, but also if they don't, the attack ad for their opponent writes itself. Although obviously it depends on how much time has passed and whether the money should already be considered "spent". Because even if the politician wants to repay it, new donors want their money going to r…

> but also if they don't, the attack ad for their opponent writes itself. Does this even matter anymore? Seems like people are so tribal that they'll vote for their party no matter what, combined with lots of voter apathy makes it seem like it doesn't matter.

Does this even matter anymore? Seems like people are so tribal that they'll vote for their party no matter what, combined with lots of voter apathy makes it seem like it doesn't matter.

If that was true, there would be no such thing as swing states.

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#66

Post by ImPostingOnHN »

ceejayoz wrote: post #41
ImPostingOnHN wrote: post #31

Earlier quoted context omitted.

> Y'all need to make up your minds it's unclear what you're even talking about here. Who is y'all? What does y'all need to make their minds up about?

The parent poster referenced David Weiss, the newly appointed special counsel in the Hunter Biden case, implying that SBF needs him to give a sweetheart deal of some kind ("pre trial diversion", "immunize... from other charges").

that doesn't answer either of the questions asked

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#67

Post by threeseed »

lacrimacida wrote: post #40
wongarsu wrote: post #36

Earlier quoted context omitted.

> Politicians should be made to pay out of their own pockets We don't want to create a system where only the rich can afford to be politicians ... or at least we don't want to make that any worse than it already is

Well, they should know their sources and assume some responsibility, which they mostly lack these days.

Easy to say it now but there was a period there when FTX was a reputable company.

But I would be all for labelling the entire crypto industry as illegal and ensuring any donations are immediately returned. Maybe just to be safe we should add anything AI related to the list as well.

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#68

Post by ceejayoz »

ImPostingOnHN wrote: post #66
ceejayoz wrote: post #41

Earlier quoted context omitted.

The parent poster referenced David Weiss, the newly appointed special counsel in the Hunter Biden case, implying that SBF needs him to give a sweetheart deal of some kind ("pre trial diversion", "immunize... from other charges").

that doesn't answer either of the questions asked

To spell it out: "Y'all" would be "the Republicans", who after begging Garland to appoint Weiss, are now complaining that Garland appointed Weiss.

Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says

#70

Post by BoxFour »

game_the0ry wrote: post #65

The funds should be easy to audit and claw back from the political recipients and distribute back to the victims, right? ...right? /S

It’s not uncommon for a bankruptcy court to initiate a clawback of payments like this.
Post reply on HN