Quote Originally Posted by sonatine View Post
Quote Originally Posted by Sanlmar View Post

Why do you think SBF will get a “really stiff sentence”?

This offshore entity in an unregulated industry.

Don’t confuse your outrage with penalty. You of all people. That is rarely how things work as your experience in poker should have informed you.

This might be why the guy with relationships to really well connected and highly educated lawyers might be chillin’ and not runnin.

He’ll do some time perhaps but he isn’t gonna be Ross Ulbricht


this is really a big part of the point i was making yesterday.

fraud is when you line your own pockets with a rug pull.

the overwhelming majority of missteps that brought down ftx _appear_ to simply be impulsive gestures based on shit that worked a hundred times before it didnt.

the recent 'hacks' are a different convo, we dont know what happened there. im more inclined to chalk it up to north korea than insiders but whatever.

there were so many incredibly high risk plays made that were obviously not designed to deceive, but simply to be flashy 'i can so i will' type maneuvers... i dont know what a court can do with that, and i dont know what court would even have jurisdiction.
I actually forgot about the recent hacks tbh. Really not sure anything comes of that. We will see.

What? US gonna prosecute an entire industry? There will be more CEX fails - hardly a bold call… there always are.

Candidly, not sure FTX showed any original moves out on the floor. They just had the misfortune to have been large in a QT/bear market.

The tsunami that hit the shore with this story has now become low tide. We move on.