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ramesh31 3 days ago

>"Every round Anthropic raises twists the knife deeper in SBF. If only he could have survived the downturn his Antropic investment alone probably could have papered over the other loses."

Things working out in the end doesn't make what he did not a crime at the time. He was a common paper hanger, albeit with billions instead.

yunwal 3 days ago | parent [-]

> Things working out in the end doesn't make what he did not a crime at the time

Morally speaking, no. Practically speaking, it does. He would not have seen jail time.

ramesh31 3 days ago | parent | next [-]

>Morally speaking, no. Practically speaking, it does. He would not have seen jail time.

It's literally exactly what Shkreli got 7 years for, even after repaying investors. If you defraud money from someone and put it back before they find out, it's still a crime. Fraud is about intent more than anything else, and they proved it for SBF.

yunwal 3 days ago | parent [-]

Right, but that’s because Shkreli openly admitted to it on the internet

Nextgrid 2 days ago | parent | prev [-]

Practically speaking I think everyone involved would've had a good incentive to brush it off behind closed doors and not rock the boat. Crypto is entirely based on vibes (there are very few - if any - legitimate applications) and rocking the boat would cause losses across the entire industry.