Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
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Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#2Go to 34 minutes in. Amazing how many red flags there were. This guy has a good track record of exposing fraud, going back to the Lernout & Hauspie days, which the old timers around here will remember.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#3Go to 34 minutes in. Amazing how many red flags there were. This guy has a good track record of exposing fraud, going back to the Lernout & Hauspie days, which the old timers around here will remember.
all crypto is rife with red flags.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#4Here is the Video starting at that moment around minute 35:
https://youtu.be/VbDiWXFxqr8?t=2140
Here is an interesting tweet on this worth reading after watching the video:
https://twitter.com/RudyHavenstein/status/159116117646521139...
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#5So is everyone assuming the remaining big players in crypto are straight, or crooked as question marks?
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#6Not trying to defend SBF or FTX but honestly wasn't that impressed with this critic either.
His criticism seems to break down to:
1) Look at him, he's ugly
2) He doesn't have the proper lineage of insider mentors to be allowed to be a billionaire
3) We don't have the full story on the original arbitrage mixed in with some political pandering
4) The compliance officer was sketchy
4 seems to be the only valid point. 3 is worth further research but not really anything in itself. The other 2 reflect more poorly on this guy than SBF. Overall, I don't think this guy really had anything, I think he just didn't like the smell and ended up getting lucky on the timing.
But he 100% did not call out any meaningful elements of what ended up happening in any detail.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#7It always struck me as odd that this guy came out of nowhere to become one of the wealthiest people in crypto in a few years.
I don’t know if his adherence to effective altruism had anything to do with this outcome, but taken to an extreme I could see someone rationalizing fraud to redistribute wealth in a way that maximizes benefit to others. Basically Robin Hood.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#8So is everyone assuming the remaining big players in crypto are straight, or crooked as question marks?
SBF had the reputation of being the most honest person in crypto.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#9This is fascinating analysis. Not just the specific details about SBF and FTX, but the insight into the short seller’s process of company analysis.
One thing became apparent to me. Our industry (tech) is rife with so many snake oil salesman. During the decade-long bull run, it was easy to look like a genius. But the water is going out and we’re going to see who is swimming naked.
It’s time for the tech business cycle to end. The waste needs to be purged. A Fed pivot is just a pipe dream.
Re: Well Known Short Seller Claims SBF Is a Fraud Weeks Ago
#10Go to 34 minutes in. Amazing how many red flags there were. This guy has a good track record of exposing fraud, going back to the Lernout & Hauspie days, which the old timers around here will remember.
all crypto is rife with red flags.
Crypto is nothing special in this respect.. These red flags you speak are not an issue with crypto, they are an issue with people.
Humans have been looking for ways to screw each other over since the dawn of time. If you mint some brass coins and say they are gold, that just makes you a loar. It doesn't mean there's anything wrong with gold.