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SBF Arrested by Bahamian Authorities

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Re: SBF Arrested by Bahamian Authorities

#351

Post by alfalfasprout »

DabbyDabberson wrote: post #27
mardifoufs wrote: post #7

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.

This is the guy that's bragging about committing fraud on live interviews... even after the screwup he didn't have the wherewithal to have an escape plan.

Then again, realistically a disappearing act of this magnitude would likely require access to a lot of trusted people to pull it off. Plastic surgery, boat captains, someone to plant false leads, security, etc.

Re: SBF Arrested by Bahamian Authorities

#352

Post by polygamous_bat »

siftrics wrote: post #305
polygamous_bat wrote: post #296

Earlier quoted context omitted.

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?

Those all occurred because users could not or did not read the source code and prove to themselves that their funds cannot be stolen. Why prevent people from using math to prove their assets cannot he stolen?

So am I to assume you have read the entire source code of any cryptocurrency you put money in to prove to yourself there is no "backdoor"? And you argue every user of cryptocurrency should do the same? i.e. "don't put money in X if you have not read and verified the source code of X and committed to reading every code for every future update of X, and also verified that the nodes you are talking to are running the same code X, and in the future will keep verifying that the network is not pulling a sneaky on ya?" In which case, I strongly agree with you. Moreover, with such a great user interface cryptocurrency will surely replace traditional finance any day :)

Re: SBF Arrested by Bahamian Authorities

#353

Post by [deleted] »

ravel-bar-foo wrote: post #51
object-a wrote: post #8

Inevitable, but a lot of talking heads used the delay after FTX's collapse to sow doubt about corruption, media failure, etc. Feds were probably gathering evidence from Day 1, and the restructuring CEO seems to have found it: https://docs.house.gov/meetings/BA/BA00/20221213/115246/HHRG...

FWIW, most of the presige media (NYTimes, WaPo, WSJ) have been running puff pieces which parrot SBF's claims of ignorance without much if any fact checking or investigation.

[deleted]

Re: SBF Arrested by Bahamian Authorities

#354

Post by jasonhansel »

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.

Cooperating with investigators is a good thing, and we should (to an extent) reward it.

Re: SBF Arrested by Bahamian Authorities

#355

Post by dibt »

mardifoufs wrote: post #7

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

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

He answered this question at the beginning of this interview:

https://www.youtube.com/watch?v=zGNiYt1GN_4

"from my perspective, it's not about looking to go home.... this is were I've been running FTX from.... there are still things that need to get done."

Re: SBF Arrested by Bahamian Authorities

#356

Post by ROTMetro »

spookthesunset wrote: post #162
listenallyall wrote: post #148

Earlier 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.

As a libertarian the last two years has caused to be actively stop reading 'right leaning' papers. I remember when the Right made fun of the Left for being the whiny, constantly claiming they're oppressed, do nothing but complain group. Take all that and ad a ton of hate and anger and you get 'news' from the Right today. I had to drop cable to do it though. I could not stop going back to Fox and getting worked up about BS. Then I had to add all my old Right wing websites to NextDNS because I kept getting drawn back. Just like if I was in a cult. I'm so much happier now.

Re: SBF Arrested by Bahamian Authorities

#357

Post by jack_pp »

torbTurret wrote: post #191
spookthesunset wrote: post #162

Earlier quoted context omitted.

Quoted post unavailable.

But not the right-leaning newspapers? News flash (no pun intended): they’re all the same.

The right has been villainized for a very long time and for good reason. Left-leaning people discovering that their side is just as bad and untrustworthy when given enough power is, I believe, the reason people are pointing it out. The left were supposed to be the good guys. You don't begrudge the scorpion for stinging as much as the frog that promised would lead you to a more fair and just land, only to carry you to scorpion island.

Re: SBF Arrested by Bahamian Authorities

#359

Post by toss1 »

nightski wrote: post #330
jasonhansel wrote: post #261

Earlier quoted context omitted.

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.

I do find it odd he was arrested the eve before his congressional testimony, something Maxine Waters tried to avoid in the first place.

Saw that in the last few days he said something about not wanting to come to the US because he was 'scared of the paparazzi'.

"Prosecutors" also begins with the letter "P, but...

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