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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...
Well... this is justice. Sadly, we don't get to see justice very often. This is life in prison, correct? I know he hasn't been sentenced but all counts is easily several life sentences at the federal level. When do the parents go on trial? I can't see how they make it out of this without at least having all their ill-begotten assets stripped.
Have all of the people scammed been brought whole? That would be justice. Someone sitting in jail isn't justice. It is punishment for his actions. I've never understood how someone being incarcerated has become considered justice.
I think the historical use of justice has nothing to do with the victim being made whole - and not sure that word usage is a useful concept here.
Well... this is justice. Sadly, we don't get to see justice very often. This is life in prison, correct? I know he hasn't been sentenced but all counts is easily several life sentences at the federal level. When do the parents go on trial? I can't see how they make it out of this without at least having all their ill-begotten assets stripped.
Have all of the people scammed been brought whole? That would be justice. Someone sitting in jail isn't justice. It is punishment for his actions. I've never understood how someone being incarcerated has become considered justice.
https://time.com/6330323/sbf-trial-biggest-bombshells/ - interesting in this article showing what Alameda spent their stolen money on is that they made a $500million bet/investment on Anthropic, who Google just committed to investing $2billion into. Could have turned out great!
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> He made the biggest mistake you can make in America, he stole money from the rich No, he stole from millions of ordinary Americans. The reason we keep running into this is people take jokes like yours as serious tropes, and then filch from ordinary voters.
Most ordinary Americans couldn't tell you who SBF is or what FTX was let alone figure out how to give him money.
Well... this is justice. Sadly, we don't get to see justice very often. This is life in prison, correct? I know he hasn't been sentenced but all counts is easily several life sentences at the federal level. When do the parents go on trial? I can't see how they make it out of this without at least having all their ill-begotten assets stripped.
How did the other FTX kids get away with it so easy? It feels like prosecutors gave them deals too generous just to get SBF convicted more easily.
Personally, I feel like someone like Allison Mack did way worse crimes than the uggos in the FTX polycule, but I don’t know enough about the sentencing statutes here to know if they’ll get more time or not. I feel like they will, but we’ll see I guess.
I'm certain he will out soon with a slap on the wrist (don't do this again, mmmok? sorry, i didn't know, won't happen again). Then a16z will give him a few billions to start the next chapter in life. Wework is close to filing bankruptcy, a16z is funding Adam Neumann's next startup. SBF is similarly talented.
Did you expect he'd never be charged? Did you expect he'd never be found guilty? I don't know where this kind of cynicism is coming from.
I'd be absolutely shocked if he's sentenced to less than 5 years. I expect him to actually get north of 15 years.
Anyone know where to get good details? Specifically: do they know where the money went? If not, how did they prove intent (I assume they proved intent)? Edit: another thing I'm wondering is about jurisdiction, since most of this occurred offshore and didn't involve US customers.
There have been tons of articles, podcasts, videos, and tweets about the trial. Evidence was mostly chat logs of SBF ordering crimes and testimony from Caroline, Gary, and Nishad that he ordered them to do crimes.