Having "Wirefraud" as the name of your group chat on Signal is something that the prosecutors are going to love when proving intent...
He didn't actually... did he?
SBF Arrested by Bahamian Authorities
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Re: SBF Arrested by Bahamian Authorities
#272I guess this means he wont be testifying tomorrow ? https://techcrunch.com/2022/12/12/sbf-scheduled-to-testify-t...
He refused to testify shortly before the arrest https://www.cnbc.com/2022/12/12/former-ftx-ceo-sam-bankman-f... Is there anyway the arrest is in response to the refusal to testify? Or just coincidental timing?
These are two separate hearings. He agreed to testify before the U.S. House (Tuesday) and refused to testify before the U.S. Senate (Wednesday).
Re: SBF Arrested by Bahamian Authorities
#273Earlier quoted context omitted.
Just a note, if it's The Block, he allegedly paid off the CEO, not the journalists who write there. It's a meaningful distinction. The CEO is a business officer, the EIC would be the one directing content.
I was actually thinking of ProPublica. That case is even murkier, but the intent seems clear.
What was murky about ProPublica? I thought SBF started a fund dedicated to pandemic preparedness, and ProPublica received a $5M investigative journalism grant from that fund (unrelated to crypto or financial regulation).
Did I miss something?
Re: SBF Arrested by Bahamian Authorities
#274Earlier quoted context omitted.
The NYT profiling him as a well-meaning genius who was so focused on fixing climate change and education that he just overlooked a few things at his company, gosh darn it.
Quoted post unavailable.
You might try reading Fox News sometime. It is fascinating to see what they choose to completely ignore, even big news, because it does not fit their agenda. Be very careful getting your news from a single partisan outlet however, if you care to be well informed.
Re: SBF Arrested by Bahamian Authorities
#275Honestly, 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…
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Re: SBF Arrested by Bahamian Authorities
#276This case will test whether the US is a country where bad deeds have bad consequences. Over the past decade I have become increasingly skeptical that our society is able to hold the wealthy and well-connected to account, but perhaps this case will prove me wrong.
You'll be happy to hear that the US holds wealthy people to account all the time. You'll be sad to hear that that's only true when their victims are other wealthy people.
Re: SBF Arrested by Bahamian Authorities
#277Earlier quoted context omitted.
Can you explain what makes this so clear?
As others have mentioned, there is circumstantial evidence in that she was photoographed recently at a Lower Manhattan Starbucks quite close to the Southern District of New York (who would handle any Federal prosectuion like this as it realtes to securities fraud). But you have to look at the larger picture: The Federal prosectuion conviction rate is 95%. The Federal government is very good at getting prosectuions in…
A necessary conceit of the prisoner's dilemma is that they can't communicate, and therefore can't strategize together so that doesn't exactly apply here. It's just self preservation.
Re: SBF Arrested by Bahamian Authorities
#278Honestly, 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…
He is more like a Bernie Madoff than an Epstein.
Re: SBF Arrested by Bahamian Authorities
#279Alright, 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.
Want to save the world?
Figure out a way to make be accountable for the stuff they type online.
Re: SBF Arrested by Bahamian Authorities
#280Earlier quoted context omitted.
Are you suggesting SBF would have physically stolen from millions of different human beings? How?
No but with these exchanges collapsing I keep seeing the argument that it people kept everything in a soft or hard wallet then everything would be OK. I disagree with that premise for the reasons prior. Also in the case of Luna and many others their coins are effectively worthless.
Totally valid criticism about the coins potentially being worthless.
I just want to stop the ignorant, misinformed takes.
It's so paradoxical that HN is paranoid about the government changing settings on your phone without your permission, and yet HN does not think we should prevent the government or an opaque set of third parties from arbitrarily seizing and freezing your money.