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4 years ago, it was SBF blaming Changpeng Zhao for shorting FTT and triggering a run on FTX.
Now another EA has followed the path of making a lot of money relatively quickly and losing it just as fast, using the exact same arguments for why it happened.
Earlier on HN: Martin Shkreli breaks down the collapse of Situational Awareness - https://news.ycombinator.com/item?id=49119380 Edit: added context
Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?
This is everywhere. For reference, former FTXer and OpenAIer raised $225m into a hedge fund structure, went long and short, and reportedly peaked at $40bn of value; leverage bit hard this week and they sold their entire-ish portfolio to Citadel at $10bn. (Which, I imagine was very likely aiming at this outcome in their trading in the last few weeks). Not reported anywhere -- was additional money raised in to the fund…
Say more about how citadel made this happen with their trading?
Earlier quoted context omitted.
Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?
I really don't like this guy, seriously he's a shark (he's probably right, but what a jerk): "If you know somebody has to liquidate, the best thing you have to do, unfortunately, sadly, Darwinian is to go sell all the positions you have in common, then start shorting everything they have. It accelerates the downfall as quickly as you can." of course then he says 'It's nothing I would ever do...'
Earlier quoted context omitted.
Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?
He has done more for wallstreet-to-mainstreet transparency than you believe. His investor literacy youtube backlog is unusually deep and as of yet has only shilled his own trading product. But your point is valid, he will never live down the fraud conviction and his face is so punchable.
Earlier quoted context omitted.
what law are you insinuating Aschenbrenner broke?
I say this with absolutely no evidence and only stating it as a hypothetical. But as an example it would be plausible that insider trading was involved.