3 ms·
It seems unwise to based your opinion of SBF on “Going Infinite” especially given that the court case established he stole customer funds, not that he’s a silly
by seanhunter 3y ago
It seems unwise to based your opinion of SBF on “Going Infinite” especially given that the court case established he stole customer funds, not that he’s a silly boy who doesn’t know how to keep the books straight.
Given required capital rules, your bank deposit analogy is so wide of the mark it’s hard to know where to start but one thing a bank doesn’t do with customer funds is give them to a hedge fund which is allowed to run an almost infinite negative balance. If you own and run that hedge fund that isn’t poor record keeping or poor risk management it’s stealing customer funds.
If you’re going to bring the “unlicenced broker bro” message in Binance up it seems remiss not to mention that SBF and Caroline Ellison and others coordinated the transfers between FTX and Alameda in a Telegram chat group called “Wire Fraud”.