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Anthropic won't give back the funding. The bankruptcy proceedings will likely claw back the Anthropic equity that SBF owns, which will then be sold & distribute
by otiose_tortoise 4y ago
Anthropic won't give back the funding. The bankruptcy proceedings will likely claw back the Anthropic equity that SBF owns, which will then be sold & distributed as part of the bankruptcy.
- iamleppert 4y agoFalse. If I deposited money into my bank account, or even any investment account, and that money was fraudulently invested on my behalf without my knowledge, I sure better be paid back with money, not non-liquid "equity" funny money in some private AI tech company (likely way overvalued) that can't even be traded on the public markets. Looking forward to the great unwinding of FTX investments that will give a whole new meaning to "claw back". Let this be a lesson to founders not to take money from just anyone -- you wouldn't let a drug cartel finance your tech company, would you?
- ivalm 4y agoIf there was no fraud then clearly there would be just in kind distribution but no claw-back. With fraud, the questions becomes if the money invested was fraudulently invested. It can be that there was fraud AND investments were not fraudulent.
- deleted 4y ago[deleted]
- autotune 4y agoAs long as you give $1 of that drug cartel’s money to a street beggar I don’t see the issue here. (/s)
- landemva 4y ago[flagged]
- 3327 4y ago[dead]
- Waterluvian 4y agoNot a lawyer so I won’t even try to give detail, but there’s a legal concept of “proceeds of a crime.” I think it may be handled very differently.