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“In a video meeting with Alameda employees late Wednesday Hong Kong time, Alameda CEO Caroline Ellison said that she, Mr. Bankman-Fried, and two other FTX execu

by nnx 4y ago

“In a video meeting with Alameda employees late Wednesday Hong Kong time, Alameda CEO Caroline Ellison said that she, Mr. Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were aware of the decision to send customer funds to Alameda”

lgl 4y ago
Gambler mentality: 1. "Invest" (borrow/steal) large amount of money 2. Bet as a madman and obviously win big cause I'm such a hot shot 3. Repay every debt and take profit! 4. How could that have gone wrong?!?!!1 What's the difference?
- hospadar 4y ago
  Lol yup - I think the differences are "start off rich" and "use capitalism instead of casino"
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bookofjoe 4y ago
FunFact: >Alameda CEO @carolinecapital's Dad, Glenn Ellison, is the Department Head of Economics at @MIT Source: https://twitter.com/jagoecapital/status/1590751676105125888 https://twitter.com/jagoecapital/status/1590751676105125888
- deleted 4y ago
  [deleted]
- yeahwhatever10 4y ago
  Her Dad and the Chair of the SEC were department colleagues? It's always who you'd expect.
  - bogomipz 4y ago
    Yes and before becoming Chair at the SEC, Professor Gary Gensler taught a course at MIT called "Blockchain And Money."[1][2] Given that both SBF's parents are Professors at Stanford, this couple were very much ivory tower children. It would really be something if Gary Gensler was part of the SEC probe looking into the FTX collapse.[3] It's practically a Hollywood screenplay that almost writes itself. 1. https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/ https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall... 2. https://www.youtube.com/watch?v=EH6vE97qIP4 https://www.youtube.com/watch?v=EH6vE97qIP4 3. https://thenewscrypto.com/sec-chairman-gensler-discusses-crypto-regulation-following-ftx-drops/ https://thenewscrypto.com/sec-chairman-gensler-discusses-cry...
    - apollyon95 4y ago
      Both of her parents are professors at MIT. If they had a kid regression to the mean in IQ would be like 140+.

by nnx 4y ago

lgl 4y ago

Gambler mentality: 1. "Invest" (borrow/steal) large amount of money 2. Bet as a madman and obviously win big cause I'm such a hot shot 3. Repay every debt and take profit! 4. How could that have gone wrong?!?!!1 What's the difference?

hospadar 4y ago
Lol yup - I think the differences are "start off rich" and "use capitalism instead of casino"

deleted 4y ago

[deleted]

bookofjoe 4y ago

FunFact: >Alameda CEO @carolinecapital's Dad, Glenn Ellison, is the Department Head of Economics at @MIT Source: https://twitter.com/jagoecapital/status/1590751676105125888 https://twitter.com/jagoecapital/status/1590751676105125888

deleted 4y ago
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yeahwhatever10 4y ago
Her Dad and the Chair of the SEC were department colleagues? It's always who you'd expect.
- bogomipz 4y ago
  Yes and before becoming Chair at the SEC, Professor Gary Gensler taught a course at MIT called "Blockchain And Money."[1][2] Given that both SBF's parents are Professors at Stanford, this couple were very much ivory tower children. It would really be something if Gary Gensler was part of the SEC probe looking into the FTX collapse.[3] It's practically a Hollywood screenplay that almost writes itself. 1. https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/ https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall... 2. https://www.youtube.com/watch?v=EH6vE97qIP4 https://www.youtube.com/watch?v=EH6vE97qIP4 3. https://thenewscrypto.com/sec-chairman-gensler-discusses-crypto-regulation-following-ftx-drops/ https://thenewscrypto.com/sec-chairman-gensler-discusses-cry...
  - apollyon95 4y ago
    Both of her parents are professors at MIT. If they had a kid regression to the mean in IQ would be like 140+.