5 ms·

This. It's astonishing to see how they are cushioning the fall.

koolba 4y ago
Given the scale of the fraud, public opinion or even legal consequences are probably not the greatest of worries for SBF et al.
- boppo1 4y ago
  He's still playing League. Seems like he feels he doesn't have worries, perhaps because he's so well connected.
  - xadhominemx 4y ago
    No, he’s worried. Come on.
    - MichaelCollins 4y ago
      Is there any evidence of him being worried, or are you extrapolating this belief from the knowledge that you would be worried? Remember that sociopaths don't think the same as the rest of us.
      - xadhominemx 4y ago
        Is there any reason to think he’s not worried other than the fact he’s blown of steam with a few hours of gaming?
        MichaelCollins 4y ago
        The fact that he's still talking to the media. The fact that he's a sociopath who's been running a scam for years. Normal people don't have the nerve to do things like this.
  - DebtDeflation 4y ago
    When you have a net worth of $26B as he did a month ago, even if it was mostly paper gains on shitcoins, you manage to get some of the money out of the system and hide it away. Even if FTX is bankrupt and his current paper net worth is $0 or negative, he almost certainly has $100M or so squirreled away in multiple accounts in multiple countries with lacking regulations, in the name of a shell companies that can't be tied to him.
  - amyamyamy2 4y ago
    He hasn't played in over a year it seems: https://www.op.gg/summoners/jp/TSMFTX%20SBF https://www.op.gg/summoners/jp/TSMFTX%20SBF is his account and https://twitter.com/SBF_FTX/status/1407924282865246215?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1407924282865246215%7Ctwgr%5E867e261494f1e69e15ac19181b7a18b4305f0067%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F23ab2258-ce03-4fbb-a9b2-7d9ec6e3d7f0 https://twitter.com/SBF_FTX/status/1407924282865246215?ref_s... has evidence
  - omgomgomgomg 4y ago
    He is probably preparing for prison time. All jokes aside, he used to game a lot, I think it was always to distract himself from stress. Business going bad and only you know it >> excessive gaming. Engaging in fraud and being nervous about it >> more gaming. Looking at a lot of prison time and death threats(there have been many on reddit) >> more gaming. It is a coping mechanism.
chockZ 4y ago
Considering the legal exposure SBF has and the (in my opinion high) likelihood of going to jail for a very long time, I was amazed that the NYT got SBF on the record at all. Every time he opens his mouth he is just giving the DOJ more rope. I'd agree that the Times was soft on him and FTX in general, considering the vast criminality of the organization, but the article is not going to change the inevitable criminal outcome here.
- MichaelCollins 4y ago
  Bankman-Fried must think the fix is already in.
- yeahwhatever10 4y ago
  - xadhominemx 4y ago
    The DOJ is already looking into SBF.
    - yeahwhatever10 4y ago
      Same DOJ that looked at Epstein? ‘Looking’ is carrying a lot of weight here.
      - xadhominemx 4y ago
        Yes. If you recall, Epstein died in a federal jailhouse awaiting trial and then his girlfriend/madame was tried and sentenced to 20 years in prison.
        yeahwhatever10 4y ago
        And after that they kept investigating right? Prosecuted his clients and backers, right? Right?

Given the scale of the fraud, public opinion or even legal consequences are probably not the greatest of worries for SBF et al.

boppo1 4y ago
He's still playing League. Seems like he feels he doesn't have worries, perhaps because he's so well connected.
- xadhominemx 4y ago
  No, he’s worried. Come on.
  - MichaelCollins 4y ago
    Is there any evidence of him being worried, or are you extrapolating this belief from the knowledge that you would be worried? Remember that sociopaths don't think the same as the rest of us.
    - xadhominemx 4y ago
      Is there any reason to think he’s not worried other than the fact he’s blown of steam with a few hours of gaming?
      - MichaelCollins 4y ago
        The fact that he's still talking to the media. The fact that he's a sociopath who's been running a scam for years. Normal people don't have the nerve to do things like this.
- DebtDeflation 4y ago
  When you have a net worth of $26B as he did a month ago, even if it was mostly paper gains on shitcoins, you manage to get some of the money out of the system and hide it away. Even if FTX is bankrupt and his current paper net worth is $0 or negative, he almost certainly has $100M or so squirreled away in multiple accounts in multiple countries with lacking regulations, in the name of a shell companies that can't be tied to him.
- amyamyamy2 4y ago
  He hasn't played in over a year it seems: https://www.op.gg/summoners/jp/TSMFTX%20SBF https://www.op.gg/summoners/jp/TSMFTX%20SBF is his account and https://twitter.com/SBF_FTX/status/1407924282865246215?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1407924282865246215%7Ctwgr%5E867e261494f1e69e15ac19181b7a18b4305f0067%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F23ab2258-ce03-4fbb-a9b2-7d9ec6e3d7f0 https://twitter.com/SBF_FTX/status/1407924282865246215?ref_s... has evidence
- omgomgomgomg 4y ago
  He is probably preparing for prison time. All jokes aside, he used to game a lot, I think it was always to distract himself from stress. Business going bad and only you know it >> excessive gaming. Engaging in fraud and being nervous about it >> more gaming. Looking at a lot of prison time and death threats(there have been many on reddit) >> more gaming. It is a coping mechanism.

chockZ 4y ago

Considering the legal exposure SBF has and the (in my opinion high) likelihood of going to jail for a very long time, I was amazed that the NYT got SBF on the record at all. Every time he opens his mouth he is just giving the DOJ more rope. I'd agree that the Times was soft on him and FTX in general, considering the vast criminality of the organization, but the article is not going to change the inevitable criminal outcome here.

MichaelCollins 4y ago
Bankman-Fried must think the fix is already in.
yeahwhatever10 4y ago
- xadhominemx 4y ago
  The DOJ is already looking into SBF.
  - yeahwhatever10 4y ago
    Same DOJ that looked at Epstein? ‘Looking’ is carrying a lot of weight here.
    - xadhominemx 4y ago
      Yes. If you recall, Epstein died in a federal jailhouse awaiting trial and then his girlfriend/madame was tried and sentenced to 20 years in prison.
      - yeahwhatever10 4y ago
        And after that they kept investigating right? Prosecuted his clients and backers, right? Right?