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A comment on FTX’s Collapse Was a Crime, Not an Accident. Parent comment

Re:FTX’s Collapse Was a Crime, Not an Accident by nroets on Thursday December 01, 2022 @01:05AM (#33812912)
The regulators didn't catch Madoff.

SBF's greatest punishment will not be jail. It will be that he can't show his face in public for fear of running into someone who lost money.

Noone will want to do business with him anymore because of reputational risk.

Ftx most likely had deposits from some really cleaver hackers with real anger management issues. Any parcel he opens could be a bomb.

Prediction: The next mega entrepreneur in the crypto space will be extremely transparent.

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Re:FTX’s Collapse Was a Crime, Not an Accident by cmeacham98 on Thursday December 01, 2022 @01:29AM (#33813042)
SBF's greatest punishment won't be jail because it looks like he won't go to jail.

I don't know about you, but I'd much rather have a garbage reputation than go to jail for a long time.

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Re:FTX’s Collapse Was a Crime, Not an Accident by AdamN on Thursday December 01, 2022 @04:18AM (#33814068)
Yeah, it will be just like Adam Neumann at WeWork ... he'll never raise money again ...
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Re:FTX’s Collapse Was a Crime, Not an Accident by OmegaPG on Thursday December 01, 2022 @04:32AM (#33814157)
Very apt username you have!
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Re:FTX’s Collapse Was a Crime, Not an Accident by raverbashing on Thursday December 01, 2022 @06:49AM (#33815070)
I wonder at what point will the investors in these funds start to complain

(I mean, except for the "Vision Fund" or other BS like that).

But Sequoia's reputation probably took a dump from the latest episode

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Re:FTX’s Collapse Was a Crime, Not an Accident by MrBuddyCasino on Thursday December 01, 2022 @06:25AM (#33814930)
Maybe its nothing, but a lot of those crypto billionaires recently died shortly after one another:

Vyacheslav Taran, 53: died in helicopter crash

Mircea Popescu, 41: drowned in the ocean

Tiantian Kullander, 30: died in his sleep

Nikolai Mushegian, 29: found dead on a Puerto Rico beach

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Re:FTX’s Collapse Was a Crime, Not an Accident by actionablefiber on Thursday December 01, 2022 @09:02AM (#33816295)
> The regulators didn't catch Madoff.

In some sense, sure they did. He went to jail. And his investors got back 80 cents on the dollar.

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