4 ms·

If no government has arrested them, and they are abiding by the laws, then they are guilty of making a bunch of levered bets that collapsed. I guess it's annoyi

If no government has arrested them, and they are abiding by the laws, then they are guilty of making a bunch of levered bets that collapsed. I guess it's annoying that they aren't in financial pain but the same story has been told endlessly in the traditional financial system. They had some good years then the hedge fund collapsed.

latchkey 3y ago
This is probably one of your worst takes I've seen. They colluded with someone who's currently sitting in jail, Do Kwon. The whole Luna/UST collapse was a train wreck and it isn't like these two just got caught up in the collapse, poor them. This wasn't a hedge fund, this was a bunch of crypto scammers dumping on retail (in this case, it was even tradfi) and they have absolutely no remorse for what they did. They should be held just as accountable as DK, not having NYT puff pieces being written about how they've somehow magically avoided jail time by being uncooperative in investigations.
- esotericimpl 3y ago
  [dead]
- 2OEH8eoCRo0 3y ago
  Puff piece? The article is a laundry list of their sins and a recap of the crypto collapse juxtaposed with their hedonism.
  - ourmandave 3y ago
    ^^^ THIS is how you write a tl;dr.
  - latchkey 3y ago
    How about juxtaposing it with a lot more interviews of their victims? I'm not one of them, luckily, but I think that would have been a lot less puffy than their hedonism.
    - 2OEH8eoCRo0 3y ago
      Because I've already heard all of that, the victim they mentioned stuck in my mind though: > “Losing this money with no end in sight has been unbearable for my family,” wrote one investor who had $30,000 stored on Voyager. “I wake up most nights and just walk up and down the stairs contemplating on my own mistakes.” That's a powerful image. Pacing the stairs restlessly.
      - latchkey 3y ago
        This one is a bit more powerful for me. https://www.taiwannews.com.tw/en/news/4551502 https://www.taiwannews.com.tw/en/news/4551502
  - scrubs 3y ago
    How many times N will crypto scam before we say crypto is a scam? Hint: that N was exceeded a long time ago.
- monero-xmr 3y ago
  Do you have any theories why the government(s) of the world have gone after basically everyone in crypto with any public persona whatsoever, but these guys are fine despite having front page NYT articles?
  - latchkey 3y ago
    My hope is that they just haven't gotten around to them yet. As for the NYT... see my other comment: https://news.ycombinator.com/item?id=36261024 https://news.ycombinator.com/item?id=36261024
  - latchkey 3y ago
    Update: just found this one on twitter about DK, but it could a theory applied to 3ac as well... https://twitter.com/FatManTerra/status/1667078961501700098 https://twitter.com/FatManTerra/status/1667078961501700098
- toomuchtodo 3y ago
  https://www.sec.gov/tcr https://www.sec.gov/tcr I would strongly encourage you to spend the 5 to 15 minutes filing a complaint with the SEC.
  - deleted 3y ago
    [deleted]
- hodgesrm 3y ago
  > not having NYT puff pieces being written about how they've somehow magically avoided jail time by being uncooperative in investigations. Hardly. The "puff piece" is a textbook example of the "just let them talk" genre. The result is damning.

latchkey 3y ago

This is probably one of your worst takes I've seen. They colluded with someone who's currently sitting in jail, Do Kwon. The whole Luna/UST collapse was a train wreck and it isn't like these two just got caught up in the collapse, poor them. This wasn't a hedge fund, this was a bunch of crypto scammers dumping on retail (in this case, it was even tradfi) and they have absolutely no remorse for what they did. They should be held just as accountable as DK, not having NYT puff pieces being written about how they've somehow magically avoided jail time by being uncooperative in investigations.

esotericimpl 3y ago
[dead]
2OEH8eoCRo0 3y ago
Puff piece? The article is a laundry list of their sins and a recap of the crypto collapse juxtaposed with their hedonism.
- ourmandave 3y ago
  ^^^ THIS is how you write a tl;dr.
- latchkey 3y ago
  How about juxtaposing it with a lot more interviews of their victims? I'm not one of them, luckily, but I think that would have been a lot less puffy than their hedonism.
  - 2OEH8eoCRo0 3y ago
    Because I've already heard all of that, the victim they mentioned stuck in my mind though: > “Losing this money with no end in sight has been unbearable for my family,” wrote one investor who had $30,000 stored on Voyager. “I wake up most nights and just walk up and down the stairs contemplating on my own mistakes.” That's a powerful image. Pacing the stairs restlessly.
    - latchkey 3y ago
      This one is a bit more powerful for me. https://www.taiwannews.com.tw/en/news/4551502 https://www.taiwannews.com.tw/en/news/4551502
- scrubs 3y ago
  How many times N will crypto scam before we say crypto is a scam? Hint: that N was exceeded a long time ago.
monero-xmr 3y ago
Do you have any theories why the government(s) of the world have gone after basically everyone in crypto with any public persona whatsoever, but these guys are fine despite having front page NYT articles?
- latchkey 3y ago
  My hope is that they just haven't gotten around to them yet. As for the NYT... see my other comment: https://news.ycombinator.com/item?id=36261024 https://news.ycombinator.com/item?id=36261024
- latchkey 3y ago
  Update: just found this one on twitter about DK, but it could a theory applied to 3ac as well... https://twitter.com/FatManTerra/status/1667078961501700098 https://twitter.com/FatManTerra/status/1667078961501700098
toomuchtodo 3y ago
https://www.sec.gov/tcr https://www.sec.gov/tcr I would strongly encourage you to spend the 5 to 15 minutes filing a complaint with the SEC.
- deleted 3y ago
  [deleted]
hodgesrm 3y ago
> not having NYT puff pieces being written about how they've somehow magically avoided jail time by being uncooperative in investigations. Hardly. The "puff piece" is a textbook example of the "just let them talk" genre. The result is damning.