191–200 of 1001 posts
In under five hours! The jury was home in time for dinner. One question for legal people—why is there such a long gap between conviction and sentencing? In this case, the sentence won't be set until March of next year.
Imagine sitting in a prison cell, for 5 months, having no idea how long you will be there. That sounds almost worse than knowing your sentence. At the end of the day he deserves everything he's getting
Earlier quoted context omitted.
Give him a chance to wrap things up. He’s not going anywhere in the interim.
Why is this guy even in the country? He could have chartered a boat to Venezuela and taken a few hundred million with him. Of course, all the people he defrauded might follow him.
Like many of his strategies at FTX, his high risk approach to this trial for a high value payout (taking no plea deal and getting out with no charges) hasn’t worked out. I wonder if he himself is accepting of the outcome and isn’t already scheming or relying on another all-in gamble.
Earlier quoted context omitted.
Give him a chance to wrap things up. He’s not going anywhere in the interim.
Why is this guy even in the country? He could have chartered a boat to Venezuela and taken a few hundred million with him. Of course, all the people he defrauded might follow him.
Earlier quoted context omitted.
It's being debated in the bankruptcy court. Some creditors want to sell it off and others want to let it ride. Because this is crypto, some people want to issue a crypto token that represents claims on the estate.
>some people want to issue a crypto token that represents claims on the estate What could possibly go wrong? :D
Interestingly, FTX made a $500 million USD investment in Anthropic; supposedly, this was made while Anthropic was valued at $4.6 billion (unconfirmed). Now, Anthropic is nearing $30 billion. Anyone know the latest on this? Is FTX going to sell that stake off to pay back the debts? [1] https://www.businessinsider.com/sam-bankman-frieds-anthropic...
It's being debated in the bankruptcy court. Some creditors want to sell it off and others want to let it ride. Because this is crypto, some people want to issue a crypto token that represents claims on the estate.
Interestingly, FTX made a $500 million USD investment in Anthropic; supposedly, this was made while Anthropic was valued at $4.6 billion (unconfirmed). Now, Anthropic is nearing $30 billion. Anyone know the latest on this? Is FTX going to sell that stake off to pay back the debts? [1] https://www.businessinsider.com/sam-bankman-frieds-anthropic...
Looking online I see reports that FTX owes its creditors $3B. If Anthropic has 6.5x then the initial $500 million is now worth $3.25B. Is it actually possible that all creditors will get their money back? Pretty crazy if so.
Then again, GenAI perhaps undermines the notion of NFTs and "digital art/assets as valuable fungible commodities." It was really wierd seeing Stable Diffusion take off as NFTs were collapsing... so maybe there is no universe where FTX fakes it until they make it.
Will he be held in custody before sentencing?