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CZ saw the immolation of SBF and probably decided it'd be a bad move to do anything other than whatever his lawyers told him to.
by jihadjihad 3y ago
CZ saw the immolation of SBF and probably decided it'd be a bad move to do anything other than whatever his lawyers told him to.
- rchaud 3y agoCZ is much smarter, he didn't have any number 2s that could testify against him, and had already moved to a non-extradition country years ago. SBF thought he was cleverer than everybody and testified himself straight into a 8x10 cell for the foreseeable future.
- Nevermark 3y agoEvery move SBF made after his fall seemed extremely poorly thought out. Not a hater, just processing the dichotomy of his genius image with his ingeniously ungenius self-immolation. Lesson: Looking like you make lots of money makes you look very smart.
- rchaud 3y agoPR rules the day, especially when you're VC-funded and have to maintain the charade of subject matter expertise. Although you'd think his Stanford Law professor father would have at least attempted to duct tape his son's mouth shut when it became clear he planned to testify.
- peanuty1 3y agoBoth his parents are Stanford law professors and according to Kevin O'Leary, they teach compliance law.
- cdchn 3y ago"Everyone is a genius in a bull market"
- cguess 3y agoNon-extradition doesn't mean the US can't request an extradition. It means each request is a one-off and there's not a process agreed on in a treaty.
- JeremyNT 3y agoYeah he played it very well. He's essentially getting off with a slap on the wrist, 50m is nothing given his wealth. The fines against the company are also a pittance compared to Binance's annual revenue. The moral for white collar criminals is: if you get caught, just cooperate and pay up, and live up crime another day. The cost of the fines is trivial.