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Contrary to popular belief, being an idiot is not a crime. Evidence seems to be pointing towards SBF being incompetent, not a criminal.
by legitster 4y ago
Contrary to popular belief, being an idiot is not a crime.
Evidence seems to be pointing towards SBF being incompetent, not a criminal.
- ohbtvz 4y agoUsing your clients' invested money to bail out your unrelated company is not a crime?
- kayamon 4y agoHumans like spending other folks money for them without their permission.
- ceejayoz 4y ago“Criminally negligent” can be a thing, and I strongly suspect SBF/FTX crossed well over the line into wire fraud at the very least.
- irusensei 4y agoEven if that’s the case (which is not) negligence is considered a crime in the brave new world of world finance.
- ctvo 4y agoWhere did you get your legal training?
- nberkman 4y ago> It is now clear that what happened at the FTX crypto exchange and the hedge fund Alameda Research involved a variety of conscious and intentional fraud intended to steal money from both users and investors [...] [T]he funds were sent to the intimately linked trading firm Alameda Research, where they were, it seems, simply gambled away. This is, in the simplest terms, theft at a nearly unprecedented scale https://www.coindesk.com/layer2/2022/11/30/ftxs-collapse-was-a-crime-not-an-accident/ https://www.coindesk.com/layer2/2022/11/30/ftxs-collapse-was...