281–290 of 886 posts
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.
Friendly reminder that he could not have stolen the deposits in the manner he did if this was on-chain and the users self-custodied. Yes, DEXs exist. Yes, you can self-custody on DEXs.
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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
from: https://news.bitcoin.com/document-claims-alameda-ceo-carolin...
"...Alameda Research CEO Caroline Ellison’s personal account was in the hole by $1.31 billion in May 2022."
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> 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.
Anonymity has nothing to do with the property that you cannot steal on the blockchain.
How do you think blockchains even work? Read primary sources before vaguely disagreeing.
Much sooner than I expected. Figured it'd be a couple of years before the AG was secure enough in their case to bring charges. This is MUCH faster than Madoff or Holmes. Then again, he's been much more out in the open about everything. He pretty much laid the prosecution's case out to the public for them.
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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.
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That’s moving the goalposts
What? Wherever you put your goalpost, my goalpost was always wanting to see this guy convicted and imprisoned. That's the goalpost that actually matters when you're talking about the prosecution of criminals.
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Hm... does that mean she gets away scot-free? Not sure that's fair, she seems very complicit.
I'm sure SBF has plenty of dirt on her as well, and he'll start talking much sooner than anticipated. She will go to jail, definitely.
If they wanted her cooperation, but didn't absolutely need it, they may have struck a cooperation deal in which she still sees some prison time, but a lot less than she would have after a full prosecution.
My gut says that because he was so sloppy in implicating himself, that DOJ may not have strictly needed her, and so total immunity for her is unlikely.
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Per today's WSJ article, they're currently in the Bahamas with him. https://www.wsj.com/articles/sam-bankman-frieds-parents-were...
Wouldn't you be with your child when the world media is talking about him? They are not teaching at Stanford next year anyway.