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by sidewndr46 1287 days ago
Hasn't SBF given long detailed interviews about the activity of FTX & his roles there?
1 comments

Yes but it’s fairly complex and he keeps presenting it as a mistake and a lack of controls.

He hasn’t admitted to it as fraud, which is (I’ve heard) hard to prove.

Spending your customer deposit that are legally off-limits, and that he said were off-limit, on things like houses, properties, etc for your own self and family is not a straight-up admission of wrong doing?

Since when breaking and entering a looting a house can be defended with "well, I thought all was fine"?

He admitted numerous times doing things that are straight up illegal.

Spending your customer deposit that are legally off-limits, and that he said were off-limit, on things like houses, properties, etc for your own self and family

This isn't proven. He could have bought those houses with VC money not customer deposits.

> customer deposit that are legally off-limits

Where did you get this impression? Even that part is potentially up for debate. FTX isn't a bank or anything like that and they say that FTX USA is actually still solvent and will payout. I have my doubts about the last one but if he actually pays all US customers back he might get away with this.