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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 FT
by 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 agoOf 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.