Crypto & the collapse of FTX

[selmaborntidefan]

GUILTY!!!

Sam Bankman-Fried found guilty on all seven criminal fraud counts (cnbc.com)

 

[4Q Basket Case]

This was a slam dunk in yo’ face verdict. Seven charges, seven convictions, in only a few (four?) hours’ deliberation. It wasn’t just, “Yeah, he did it.” It was, “Yeah he did it and he tried to play all of us for fools. He’s guilty as sin.”

I expect further prosecutions — the beneficiaries of SBF’s largesse. Specifically thinking about his parents who knew or should have known about the source of the godamighty money that “just happened“ to fall into their laps.

Or maybe they just forfeit the house they bought with the money that rightfully belonged to the FTX depositors.