SBF Arrested by Bahamian Authorities • Hacker News Board

Re: SBF Arrested by Bahamian Authorities

#361

Post by sheepscreek » Tue, Dec 13, 2022, 1:35 AM UTC

buitreVirtual wrote: post #333

dahdum wrote: post #320

Earlier quoted context omitted.

I haven’t seen any evidence Alameda itself committed any crime, only that they were terrible traders and lost many billions on margin through FTX, who gave them special treatment for collateral. SBF then tried to bail them out with FTX customer funds since he owned both. I think Ellison will get off scot free since she only controlled Alameda, and not entirely. Her crimes are probably minor and worth forgiving for he…

She must have known where the bailout money was coming from (FTX customer funds). Yet she accepted it. That makes her appear as complicit.

I should hope so. The timing of their intimate relationship will play a big part in the entire timeline. What a hot mess.

Re: SBF Arrested by Bahamian Authorities

#362

Post by cyral » Tue, Dec 13, 2022, 1:35 AM UTC

papichulo4 wrote: post #260

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...

How/why is this dated December 13, 2022?

It's the testimony they are going to read tomorrow. It's a good idea to have something prepared so you don't stumble over yourself like SBF is everytime he speaks.

Re: SBF Arrested by Bahamian Authorities

#363

Post by tempsy » Tue, Dec 13, 2022, 1:35 AM UTC

dibt wrote: post #284

tempsy wrote: post #263

Earlier quoted context omitted.

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

>...isn’t listed as owing money to FTX 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."

She is not personally named as owning money in the FTX bankruptcy documents. Other executives had taken out 8-9 figure loans.

I don’t think this is being reported correctly - it’s not her personal account most likely Alameda.

Re: SBF Arrested by Bahamian Authorities

#364

Post by dheera » Tue, Dec 13, 2022, 1:35 AM UTC

323 wrote: post #22

rjbwork wrote: post #4

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.

SBF literally stole billions from a bank account. Not a very subtle crime.

No post body was provided.

Re: SBF Arrested by Bahamian Authorities

#365

Post by xena » Tue, Dec 13, 2022, 1:35 AM UTC

papichulo4 wrote: post #260

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...

How/why is this dated December 13, 2022?

The document is from the future, obviously.

Re: SBF Arrested by Bahamian Authorities

#366

Post by samhuk » Tue, Dec 13, 2022, 1:35 AM UTC

axpy906 wrote: post #278

samhuk wrote: post #252

Honestly, 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.

Bernie Madoff was a bit before my time. Was he heavily involved with politics/political figures, to the degree of SBF?

Re: SBF Arrested by Bahamian Authorities

#367

Post by kelnos » Tue, Dec 13, 2022, 1:36 AM UTC

acdha wrote: post #310

zadler wrote: post #210

Earlier quoted context omitted.

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.

He’s the latest example of why many RPGs have separate stats for intelligence and wisdom. He’s clearly not stupid but his lawyers must be sitting at their desks sobbing “stop giving interviews!”

I was thinking something similar, that being intelligent doesn't mean you're smart, but I think "wisdom" says it better.

Re: SBF Arrested by Bahamian Authorities

#368

Post by polygamous_bat » Tue, Dec 13, 2022, 1:36 AM UTC

siftrics wrote: post #312

polygamous_bat wrote: post #304

Earlier quoted context omitted.

[flagged]

How does self-custody hand control to someone else?

Someone else is still controlling the network updates and the "tokenomics", or even hard forks! See Ethereum DAO hack hard fork, for example: https://www.gemini.com/cryptopedia/the-dao-hack-makerdao

Re: SBF Arrested by Bahamian Authorities

#369

Post by trynewideas » Tue, Dec 13, 2022, 1:36 AM UTC

What a time for Popehat to quit Twitter: https://popehat.substack.com/p/goodbye-twitter

Re: SBF Arrested by Bahamian Authorities

#370

Post by samhuk » Tue, Dec 13, 2022, 1:36 AM UTC

xxpor wrote: post #267

samhuk wrote: post #252

Honestly, 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…

As much as I think cryptocoins are stupid, to compare a literal child rapist and someone who ran a crypto exchange (even fraudulently) is completely beyond the pale.

See edit. TL;DR: Nowhere did I say that the alleged criminal acts of SBF of JE are "comparable". To say that is an extremely gross and unfathomable misunderstanding of what I was saying. I'm not sure why you would do that, to be very honest with you.