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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#291

Post by siftrics »

pornel wrote: post #282
siftrics wrote: post #85

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.

Nobody can steal your FTT tokens either.

Correct.

It's also correct that FTT tokens are worthless.

An argument against the worth of an arbitrary token created on a permissionless blockchain is not an argument against the good, useful, valuable properties of blockchains, such as the fact that you mathematically cannot be stolen from without physical coercion or profound negligence.

Re: SBF Arrested by Bahamian Authorities

#292

Post by rogers18445 »

thelogicguy wrote: post #277
jmyeet wrote: post #212

Earlier quoted context omitted.

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.

Prisoner's dilemma has a Nash equilibrium where defection is the best move regardless of anything else that happens. If you change the game to be a repetitive 'prisoner's dilemma' with the same actors the best strategy would be tit for tat.

Re: SBF Arrested by Bahamian Authorities

#293

Post by ghostly_s »

moralestapia wrote: post #247
tomp wrote: post #145

Earlier quoted context omitted.

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.

Well typically turning State's Witness is rewarded with immunity.

Re: SBF Arrested by Bahamian Authorities

#294

Post by [deleted] »

tomp wrote: post #145
dereg wrote: 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.

[deleted]

Re: SBF Arrested by Bahamian Authorities

#295

Post by Animats »

He may never see the world outside of a jail again.

Most white-collar criminals are released on bail. But after extradition, it's different.[1]

"The Bail Reform Act ... and the attendant presumption in favor of bail for persons facing trial, apply only to criminal defendants and are inapplicable to fugitives facing extradition proceedings. Because of the potential harm to the country's international relations that could result from flight, there is a presumption against bail in international extradition cases"

This is a downside of operating offshore to try to evade regulation.

[1] https://www.justice.gov/archives/jm/criminal-resource-manual...

Re: SBF Arrested by Bahamian Authorities

#296

Post by polygamous_bat »

siftrics wrote: post #85

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.

You seem to be under the naive assumption that dexes are safe from what I can only call "Blockchain shenanigans". See:

Exhibit A: https://rekt.news/madmeerkat-finance-rekt/

Exhibit B: https://rekt.news/monox-rekt/

Exhibit C: https://www.coindesk.com/tech/2022/11/02/cross-chain-dex-rub...

Or do you want me to find a few more examples before you stop spreading misinformation?

Re: SBF Arrested by Bahamian Authorities

#297

Post by siftrics »

Sebguer wrote: post #281
woeirua wrote: post #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.

But, it doesn't, so it'll die! Which is the best possible outcome.

No post body was provided.

Re: SBF Arrested by Bahamian Authorities

#298

Post by jasonhansel »

JumpCrisscross wrote: post #91

SBF's public conduct over the past weeks, and alleged conduct over the past years, reinforces an image of unintelligence. Be it genuine stupidity, stimulants or both, he isn't top-of-the-doghouse material. (Granted, easy to say ex post facto .) The elephants in the room are Binance and Tether, together with certain high-profile investors. Taking some of these out could likely be worth a plea bargain. (For optics, he…

I think that this illustrates the problem with EA's consequentialist worldview. You can justify pretty much anything if you do the math right.

Re: SBF Arrested by Bahamian Authorities

#299

Post by kibwen »

TheAlchemist wrote: post #213
DabbyDabberson wrote: post #27

Earlier quoted context omitted.

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.

Nan, you probably would not. Do you have somebody in Vietnam or Venezuela, with a small army of mercenaries, and that you trust enough to hide those stashes of gold ?

With the amount of money that's missing, $10B, one could afford to pay a regiment of 1,000 men a salary of $100,000 for the next hundred years.
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