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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#261
post #15

Alright, well, now that that's done - let's go find all those people in the past threads who were saying things like SBF will never be arrested.

I remember a lot of people strongly believed that SBF would never get in trouble because he was a Democratic donor, and that this was all part of some vast corruption scandal.

It turns out not everything is a conspiracy.

Re: SBF Arrested by Bahamian Authorities

#262
This is good for Crypto. Seriously. Because SBF is probably going to help the US make their case against Binance and that will flush out all the bad actors. Many coins will go to zero. The entire ecosystem will wither and die, but if Crypto survives it will be because there is some fundamental value to it besides digital beanie babies.

Re: SBF Arrested by Bahamian Authorities

#263
post #145
post #104

Earlier quoted context omitted.

It's clear Caroline Ellison has turned against him. Stephanie Avakian, former SEC enforcement chief, is representing her in NY. I'm guessing they wouldn't have been able to file charges this quickly without Caroline becoming a cooperating witness.

Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.

she isn’t listed as owing money to FTX like many of the other executives so she’s in a better position to cooperate than the others

Re: SBF Arrested by Bahamian Authorities

#264
post #16

Earlier quoted context omitted.

I think SBF made it too easy and the fact that he has been on a media frenzy trying to play innocent here must be a slap in the face to the AG.

He seemed to be throwing out the idea there maybe some way to make all the money back and provide restitution. More like a PR ploy IMO.

That didn't work for Shkreli.

Re: SBF Arrested by Bahamian Authorities

#265
post #56
post #38

Earlier quoted context omitted.

It is specified in the document that they will extradite him to the US

No, it says the US is likely to request extradition - but has not yet. SBF was scheduled to appear remotely (Zoom or similar) before congress tomorrow. It also says the US has filed criminal charges, which is the first I'm hearing of this. As an aside - anyone else think it makes congress appear weak to still be allowing people to remotely testify? They supposedly are the most powerful and important legislative body…

> anyone else think it makes congress appear weak to still be allowing people to remotely testify?

Not really. Not being compelled to testify against yourself is also one of the most important rights this country has enshrined.

Re: SBF Arrested by Bahamian Authorities

#266

Earlier quoted context omitted.

That’s equivalent to saying if a bank goes insolvent you should’ve had your money in a safe at home. For crypto yes you can have a hard wallet, but it can still be stolen from you without anyone physically touching your hard wallet. I don’t and won’t see the appeal for crypto until it has a killer app that people NEED to use for another reason than “I can get rich quick”

> that people NEED All the depositors have the extremely pressing NEED of not having all their deposits stolen from them. Blockchains mathematically prevent fraudulent misuse of deposits. People aren't mad about SBF taking a wrench to their head. They're mad about SBF defrauding them. Could not have happened on a blockchain.

> Blockchains mathematically prevent the misuse of deposits

Depending on the argument I hear that the ledger is anonymous or not anonymous.

Re: SBF Arrested by Bahamian Authorities

#267
post #252

Honestly, one of my concerns is that a figure like SBF has one similarity with Jeffrey Epstein - both was/are highly connected individuals. I fear waking up one day to the sudden reveal of SBF's "long hidden battle with depression", before a strange last-minute relocation, then another strange event, then... My gut feeling is that SBF won't rat-out any corruption that goes way up to the stratosphere of US politics, a…

As much as I think cryptocoins are stupid, to compare a literal child rapist and someone who ran a crypto exchange (even fraudulently) is completely beyond the pale.

Re: SBF Arrested by Bahamian Authorities

#268
post #56

Earlier quoted context omitted.

No, it says the US is likely to request extradition - but has not yet. SBF was scheduled to appear remotely (Zoom or similar) before congress tomorrow. It also says the US has filed criminal charges, which is the first I'm hearing of this. As an aside - anyone else think it makes congress appear weak to still be allowing people to remotely testify? They supposedly are the most powerful and important legislative body…

You just can't give the current administration anything can you? It's like a mental block

Please don't take HN threads into partisan flamewar. It's not what this site is for, and destroys what it is for.

https://news.ycombinator.com/newsguidelines.html

Re: SBF Arrested by Bahamian Authorities

#269
post #125

Having "Wirefraud" as the name of your group chat on Signal is something that the prosecutors are going to love when proving intent...

Couldn't find a reference for that specifically, but, damn, girl.

> me: how do I signal my genuinely sweet and feminine nature on my dating profile? should it go before or after the section on wire fraud

https://caroline.milkyeggs.com/worldoptimization/index.html

Re: SBF Arrested by Bahamian Authorities

#270

Why did he stay in the bahamas? Was he allowed to travel?

I can't imagine why he wouldn't flee. If i was committing ~9 figures worth of fraud, I would have huge stashes of 1oz gold bars buried in countries without extradition like Vietnam and venezuela. He seems like he had no exit plan thought up. Madoff got 150 years in prison, and i dont see any reason why SBF would get any less.

> If i was committing ~9 figures worth of fraud,

If you committed a billion in fraud, you probably wouldn't be shitposting on Twitter or giving interviews that made a prosecuter's case easier, either.

Guess what, you're smarter than this dude.

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