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Any thoughts on why SBF lied to the Vox reporter about it being a hack? https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effect

• boogoob 4y ago
  A large portion of the transferred assets were quickly traded to ETH. I wouldn’t expect that from an “asset seizure”. Maybe the seizure didn’t happen until after the hack?
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• dathinab 4y ago
  > [..] accused Bankman-Fried of attempting to undermine their efforts [..] by pushing the second bankruptcy case if that is true they might have very well had reason to lie until the bankruptcy proceedings in the Bahamas have started successfully/maybe some under the table agreements where completed. I wouldn't be surprised if they have some deal with the Bahamian government giving them some benefit for allowing the government to size millions of crypto assets. But there might very well have other reasons. Like them not knowing that the transaction was a asset seizure in context of the bankruptcy proceeding is a possibility as crazy as it might sound.
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  • ninth_ant 4y ago
    > Like them not knowing that the transaction was a asset seizure in context of the bankruptcy proceeding is a possibility as crazy as it might sound. This would _also_ imply that whoever internal to FTX that authorized the asset transfer for siezure didn't tell anyone and covered their tracks well enough that SBF didn't know about it. I mean, it's possible? But seems more straightforward that SBF was simply lying in the vox interview, he still seemed deluded enough to think he could fundraise his way out of the abyss, and this lie was part of his attempt to raise funds.
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    • dathinab 4y ago
      an internal person being tricked into a bad transaction counts as being hacked an internal person doing a bad transaction and then bring unreachable counts as being hacked etc. and this didn't even account for absurd degrees of internal miscommunication and misunderstand I have seen in some companies so it doesn't imply what you are saying and like I said likely he lied, but something being likely doesn't mean there aren't other options
• bboygravity 4y ago
  Because he sent millions to Vox. That's why.
• nashashmi 4y ago
  He didn't want others copying the idea.
• trompetenaccoun 4y ago
  Any idea why a serial liar lied once again? In an interview where he basically admits to his public persona having been fake and almost everything he said in interviews over the past years being untrue. It's not the only thing that seems untrue in that interview, because it's been reported he had a special setup that let him transfer funds and cook the books without even regular employees noticing. It wasn't simply a series of unfortunate mistakes, everything points towards his companies having been setup for fraud. I find some of the takes on this sub really amazing. The real question you should ask yourself is why did Vox never disclose in previous hype pieces they did on this person that they received a grant from his "philanthropic" 'Building a Stronger Future' foundation. Only after the implosion of FTX and Alameda have they added a disclaimer to relevant articles. How naive is HN?
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• ratg13 4y ago
  This is the strangest part of me for all of this. SBF hands over the keys to the Bahamas govt. and tries to publicly claim it as a hack, and then the Bahamas government decides to become one of the largest holders in the world of Ethereum. There are still a lot of questions to this story that will be interesting to see filled in.