News for hackers. Stuff that matters.

A comment on Alameda Lent Sam Bankman-Fried $546M for Robinhood Stake. Parent comment

Re:Alameda Lent Sam Bankman-Fried $546M for Robinhood Stake by YeBanKo on Wednesday December 28, 2022 @01:41PM (#34164194)
Were his parents actively involved in it?
[ Parent | on HN ]
Re:Alameda Lent Sam Bankman-Fried $546M for Robinhood Stake by LatteLazy on Thursday December 29, 2022 @03:13AM (#34170591)
How much they knew is an open question.

FTX funds were used to buy them a beachfront property as a vacation home. Apparently they were aware before the bankruptcy that this was not SBFs personal gift. And in fairness they are now offering to return it.

https://finance.yahoo.com/news/sbf-parents-ftx-executives-bo...

[ Parent | on HN ]