301–310 of 886 posts
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 co…
This article has some context, including this part about possible penalties if found guilty: > Legal experts told CNBC that if the federal government pursues wire or bank fraud charges, Bankman-Fried could face life in prison without the possibility of supervised release. Such a severe punishment would be unusual but not extraordinary. Ponzi scheme mastermind Bernie Madoff was sentenced to 150 years in prison, an eff…
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?
Why prevent people from using math to prove their assets cannot he stolen?
Also the enforcers are compromised including SEC chairman Gary Gensler https://www.foxbusiness.com/markets/sec-chairman-gary-gensle... https://www.dailymail.co.uk/news/article-11438875/Questions-... https://moguldom.com/427483/is-sec-chair-gary-gensler-compro...
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 co…
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.
Best bet for an ex-con is to bootstrap a crypto-native company anonymously, or a crypto trading firm. Given how Alameda went, more likely the former, but I suppose that's getting harder too.
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 co…
Hence the mention of international relations.
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…
It’s a little bit innocent to think that SBF isn’t intelligent; he’s extremely adept at lying and manipulating. And on top of that, intelligent enough to create a large crypto exchange. It’s his morals and impulses that got him into trouble.