4 ms·

He's supposedly fled to Argentina. Probably just a stop on the way to his final destination

baq 4y ago
The aircraft was registered in Argentina, so maybe it was just pulled back as sbf can’t pay for it. But yeah, I’d assume he’s on the run.
- biztos 4y ago
  I always wonder about escape plans when people are doing really dodgy things with large amounts of money. Do you come up with an escape plan when you start doing the thing you know is probably illegal and will definitely get you in serious trouble if it doesn't work? Or do you just convince yourself it's gonna work, because it worked for long enough to convince you that you're too smart to fail? I think I'd get me an extradition-proof mountaintop lair if I had even tens of millions and they were squeaky clean. Because you never know, right? (Or, maybe I watch too many movies.)
  - threeseed 4y ago
    From all accounts this situation has moved far quicker than anyone expected. There's tweets that say that CZ wasn't trying to tank FTX with his "I'm selling FTT" announcement but rather just wanted to fire a shot across the bow. And we should believe him when he says that this isn't good for him or the industry - because it really isn't. And so in this case you have a few days to make a simple binary decision. Do you steal a few hundred million, bail to some country and hope you can live the next 50+ years without being extradited or risk staying in the US, being poor and spending the next 20+ years in jail. Many people would happily roll the dice and pick the former option.
    - imron 4y ago
      Of course you’d pick the former. You can’t save the world from a jail cell, and just think about all the people you’ll be able to help sitting on a cool billion, by the beach in a country with a no extradition policy. It’s the altruistic choice.
  - csomar 4y ago
    We don’t know whether he was negligent or malicious. We don’t know also whether he was internationally competent (bahamas) or just imprudent. Getting away is easy if he walks of the usa. If you keep a low profile in south america, pretty much no one will recognize him.
  - fmajid 4y ago
    There's the case of Ashraf Ghani, the Afghan president who fled to the airport in a SUV loaded with dollar bills embezzled from US aid, then realized they didn't all fit in the helicopter and had to leave half behind.

baq 4y ago

The aircraft was registered in Argentina, so maybe it was just pulled back as sbf can’t pay for it. But yeah, I’d assume he’s on the run.

biztos 4y ago
I always wonder about escape plans when people are doing really dodgy things with large amounts of money. Do you come up with an escape plan when you start doing the thing you know is probably illegal and will definitely get you in serious trouble if it doesn't work? Or do you just convince yourself it's gonna work, because it worked for long enough to convince you that you're too smart to fail? I think I'd get me an extradition-proof mountaintop lair if I had even tens of millions and they were squeaky clean. Because you never know, right? (Or, maybe I watch too many movies.)
- threeseed 4y ago
  From all accounts this situation has moved far quicker than anyone expected. There's tweets that say that CZ wasn't trying to tank FTX with his "I'm selling FTT" announcement but rather just wanted to fire a shot across the bow. And we should believe him when he says that this isn't good for him or the industry - because it really isn't. And so in this case you have a few days to make a simple binary decision. Do you steal a few hundred million, bail to some country and hope you can live the next 50+ years without being extradited or risk staying in the US, being poor and spending the next 20+ years in jail. Many people would happily roll the dice and pick the former option.
  - imron 4y ago
    Of course you’d pick the former. You can’t save the world from a jail cell, and just think about all the people you’ll be able to help sitting on a cool billion, by the beach in a country with a no extradition policy. It’s the altruistic choice.
- csomar 4y ago
  We don’t know whether he was negligent or malicious. We don’t know also whether he was internationally competent (bahamas) or just imprudent. Getting away is easy if he walks of the usa. If you keep a low profile in south america, pretty much no one will recognize him.
- fmajid 4y ago
  There's the case of Ashraf Ghani, the Afghan president who fled to the airport in a SUV loaded with dollar bills embezzled from US aid, then realized they didn't all fit in the helicopter and had to leave half behind.