News for hackers. Stuff that matters.
Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by akira2501 on Tuesday May 28, 2024 @06:48PM (#40506417)
> all his assets

If they were earned through fraud then they were never really his in the first place.

Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by kylebenzle on Tuesday May 28, 2024 @11:22PM (#40508106)
I would expect these people to be smart enough to have put a few $million into monero and memorized the seed.
Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by yieldcrv on Wednesday May 29, 2024 @01:32AM (#40508792)
Me too

But they also did some really dumb delusional things, at least SBF seemed to actually get high on his own supply

I’m sure there was a smartest man or person in the room like with Enron and we’ll find out in a movie half a decade later

Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by TheNewsIsHere on Wednesday May 29, 2024 @10:04AM (#40512155)
I do wonder about how he could have hidden assets in advance. Not that you should, but it’s a fun thought experiment.

Almost eight years is a long time to hold onto a phrase in memory. You would want to repeat it to yourself every day, and not aloud. You would probably want to make sure someone who really cared about you had a copy.

On the other side, that is also a long time for crypto. If your chosen currency crashes or evaporates in the meantime, what was the point over stashing it somewhere in cash or some other liquid or easily liquidated collateral?

Perhaps “buying your mom” a load of extremely valuable jewelry that for some reason is still in the box and lives in the basement would be another gamble without as much risk.

Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by brevhtff on Thursday May 30, 2024 @11:52PM (#40531313)
“Good things come to those who wait.”
Re:Former FTX Executive Ryan Salame Sentenced to 90 Months i... by 1vuio0pswjnm7 on Wednesday May 29, 2024 @08:23PM (#40518754)
s/earned/obtained/