[skippyboxedhero]

SBF tried to throw Ellison under the bus in his latest tweet storm saying that he was shutting the fund down and that her tweets (some of which appear to have been either straight lies or attempts to manipulate the market) weren't approved by him.

I would suspect that both of them get into legal trouble.

Btw, I would say generally: quant investing isn't a scam, Jane Street make most of their money from ETF AP...that isn't complex, most of the high capacity strategies are quite simple (index replication being one, stat arb being another). The more complex HFT strategies tend to be (at their root) about detecting when someone is moving the market: for example, XYZ fund gets new money from investors, they deploy that into stocks, and HFT is about detecting that and calculating whether that is going to move the market (and XYZ fund now deploys various execution algos to stop HFT funds detecting that they have a huge order that will move the market).

There is nothing wrong with this work and, contrary to what people think, it is valuable. If you look at what it cost to invest capital even ten years ago, it was expensive. As in: $10-20 for a single trade. That has gone down to pennies, and created trillions of value. Saying they are all scammers because one guy is a scammer is not really a valid criticism.