News for hackers. Stuff that matters.

A comment on SBF Written Testimony Notes 12/12/2022. Parent comment

Re:SBF Written Testimony Notes 12/12/2022 by SilasX on Wednesday December 14, 2022 @10:39AM (#33984977)
According to a NYT article, he was insisting that billions in funding came in 8 minutes after filing for Chapter 11, but of course, couldn't give any details, or any reason why someone would give such funding:

>>In a letter to former colleagues last week, he said he regretted filing for bankruptcy, claiming that “potential interest in billions of dollars of funding came in roughly eight minutes after I signed the Chapter 11 docs.”

>>He presented no evidence for that claim, and in any case, FTX was no longer his company to run.

https://www.nytimes.com/2022/11/29/technology/sam-bankman-fr...

[ Parent | on HN ]
Re:SBF Written Testimony Notes 12/12/2022 by mlsu on Wednesday December 14, 2022 @02:18PM (#33988614)
Well, I heard that there was a Nigerian royal with a long-lost inheritance -- all he needed was for SBF to have access to the FTX bank account and the funds could have been wired postehaste!
[ Parent | on HN ]
Re:SBF Written Testimony Notes 12/12/2022 by AnimalMuppet on Wednesday December 14, 2022 @02:30PM (#33988826)
"Potential interest". That's not actual money; that's not even "I'm interested in giving you money". That's "I could be interested in giving you money". That plus an actual $6 will get you a cappuccino.
[ Parent | on HN ]
Re:SBF Written Testimony Notes 12/12/2022 by ChainOfFools on Wednesday December 14, 2022 @03:41PM (#33990202)
It's "i claim to have billions to save you, but due dilly and all. shoot me a zip of all your books records and everything else inside the kimono so I can scoop all the juicy intel on my competitors before the window to exclusive access ro that data shuts."
[ Parent | on HN ]
Re:SBF Written Testimony Notes 12/12/2022 by SilasX on Wednesday December 14, 2022 @10:18PM (#33994715)
Good catch, I was overstating SBF's claim there. Still, knowing his penchant for lying, even that much ("potential" interest) is probably a self-deluded exaggeration.
[ Parent | on HN ]