381–390 of 886 posts
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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.
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How does self-custody hand control to someone else?
Crypto-obsessed will forever live in this fantasy world.
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Wouldn't you be with your child when the world media is talking about him? They are not teaching at Stanford next year anyway.
They live in a mansion he bought for them with the stolen money.
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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.
-- should be interesting - watched all of his interviews - if ftx usa is fully solvent and no mingling was done on the US accounts - and those trading on the other exchanges had a different TOS with clauses related to margin accounts - very curious to see what happens - very small chance he wiggles off the hook - maybe? --
These were all lies, per Ray's house testimony [1]. FTX US had no sound financial controls keeping it isolated from the rest of FTX. [1] https://docs.house.gov/meetings/BA/BA00/20221213/115246/HHRG...
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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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He commingled bank accounts for two separate companies. It didn’t all go to him buying Lamborghinis
He didn't commingle accounts. He stole from customers to keep Alameda afloat. This is why the money never got converted into actual crypto, and why there are no assets: the money got used, by Alameda, in what must have been some truly cataclysmic trading. It also sounds like alameda's job was to market make the FTX coin, which they presumably did with that money in part. And likely kept doing until they blew up. He's…
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Yes, you're mistaken. If you're the only person with the private key, you're the only person who can move the funds. It's math. Unless you have a mathematical argument as to how to move funds without the private key, you're ignorant and uninformed.
If you’re depositing into a bank or exchange it’s not like 1 person is controlling that entire entities wallet(s). Deposits have the same risk of being misused in crypto as in fiat.
Again, read primary sources and learn fundamental concepts before vaguely disagreeing.
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SBF literally stole billions from a bank account. Not a very subtle crime.
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Alright, well, now that that's done - let's go find all those people in the past threads who were saying things like SBF will never be arrested.
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.
https://fortune.com/crypto/2022/11/29/sam-bankman-fried-poli...