I will take the hate; He did not do something fallacious. I see all this bitching about nothing.
Unregulated means precisely that. You need no guidelines and arms off your stuff. That is precisely what you bought. The one shocking factor is that this occurs so not often. This ought to be occurring each day.
What did you anticipate to occur. Do you actually suppose it will not occur once more. And once more. And once more. In barely other ways however the identical actual shit time and again. Critically?
What number of instances are we going to see the identical god rattling story with a barely totally different twist and also you’re all shocked and appalled that somebody performed the sport the best way it is meant to be performed.
That’s what SBF would say and already said: “I did absolutely nothing wrong.”
Come on you can’t be serious
How dumb are you?
This is SBF’s alt account posting this.
Found SBF’s other alt
Shut up
He broke his own terms. The shit he said he would abide by, but didn’t.
Excuse you?
– fraud is not ‘part of the game’, nor is how it’s “intended to be played”
– commingling funds when investors/users are told it doesn’t happen isn’t legitimate, it never was
– as much as anyone says there are no regulations, after 9/11 any business operating in the US has daily strict financial rules to follow (FTX US, and why SBF has said often that the US arm is okay); this isn’t the same as FYX International
Can some one make me some popcorn? *pleeeeeaaaaassseeee*
Let’s play “Find the sociopath.”
so you are just here to troll the sub?
obviously not a regular r/cc participant since you used the OC tag that nobody here uses
Fundamentally, being a c°nt = being a c°nt. Regardless of rules or lack thereof.
Same sort of principle applies.
The billionaires aren’t going to fuck you.
I see you!
He broke his business contract with thousands/millions of people implying use of funds.. That’s an offense for which he should be in jail, & he would be someday.
You must be deranged or just trying to get a reaction out of people to think this man should walk …. jesus
He stole billions of dollars. Therefore he did something wrong
I really hope somebody helps this dude find that porn video he’s been searching for the past couple of years!
SBF raised capital from US investors. If he misrepresented the financial position of his exchange during that process, he committed fraud.
That will be very easy to prove. The $MOB event alone, where supposedly FTX took a $1b hit and subsequently moved the loss to Alamedas book (thereby hiding it from investors) is a prime example.
It’s clearly a loss from operating FTX. And that one loss alone would have swung their 300m profit in 2021 to a loss of 600m+. Clearly that would have a major impact on their valuation.
Alright let’s not feed the troll too much guys
OP is clueless…
Look buddy, I’m one of the most “play stupid games, win stupid prizes” crusty old curmudgeons out here, and even I think you’re completely off the mark.
Yes, there are scammers. And yes, the space is unregulated. And yes, that means that it will attract scammers. Yes, folks in the space have to stay alert or they will become victims of scammers. And yes, there will be victims. And yes, I’ll say “well, what did you expect???” Have said so.
But that doesn’t make scamming OK, or right. People can make mistakes and still be victims. People can trust when they shouldn’t, but that doesn’t mean a breach of trust is “OK”. That just normalizes fraud, which is morally wrong. It’s ironic that the technology developed to obliterate fraud is the target of massive fraud… but a good fraud is nothing if not ironic.
SBF did wrong, and will be brought to justice. Unfortunately, by virtue of extra-regulatory operation of crypto, the amount of justice that can be doled out upon his hide may not satisfy a lot of people.
You couldn’t be more wrong. He destroyed many peoples lives. Honestly, he’s just like Hitler.