[lurker616]

I get a feeling that the twitter mob/vigilante journalism unleashed upon the FTX meltdown story may not entirely be accurate. Obviously something bad has happened financially, and people and emotional and angry. But we have to give our courts and the law system a chance. I don't want vigilante mobs condemning people to jail and death. We are literally hearing only one side of the story - maybe there is a 1% chance that the books were not cooked, that the rapid crypto crash combined with bad accounting practices (not fraud) did actually lead to losing billions of dollars. The very fact that SBF/caroline haven't been arrested leads me to think that the legal authorities see facts which we cannot see. There is an echo chamber forming that is

- republican (people linking this meltdown to deep state conspiracy theories)

- sexist (comments about caroline)

- anti-semitic (comments about religion)

and in the past, these mobs have been wrong in many cases. People are repeating theories as if they are facts, and that makes me uneasy.

[richbell]

> We are literally hearing only one side of the story

Which side of the story do you think is missing? SBF has been on a huge media tour.

> maybe there is a 1% chance that the books were not cooked, that the rapid crypto crash combined with bad accounting practices (not fraud) did actually lead to losing billions of dollars.

How do you factor in the alleged backdoor coded into FTX or the fact they hired someone who had previously helped cover up criminal activity as a regulatory/compliance officer?

https://www.nbcnews.com/news/ftxs-regulatory-chief-4-job-tit...

https://www.pokernews.com/news/2013/05/audio-tapes-expose-ul...

[emilsedgh]

I don't understand what you mean.

The guy ~destroyed~ stole billions of dollars worth of other people's money. Yet, he is freely hanging out on twitter and podcasts. When people interview him they ask questions about him politely and give him complete benefit of the doubt.

He has his complete freedom and everyone is just speculating that he'll be arrested and judged.

What else do you want? People not to even be angry?

[sigstoat]

> The very fact that SBF/caroline haven't been arrested leads me to think that the legal authorities see facts which we cannot see.

> I don't want vigilante mobs condemning people to jail...

you're making the mistake that the mobs are making when they scream and howl about how he hasn't already been arrested.

maybe the feds aren't going to do a damn thing, but the fact that they haven't done anything within a few weeks means _nothing_.

their standard procedure, if they wanted this guy (and his co-conspirators), would be to keep watching and waiting while they keep digging themselves a deeper hole. the folks brought in to run the bankruptcy are digging stuff up, and SBF and his co-conspirators are probably chatting away with each other over lines that could be tapped.

they've got a big complicated mess to untangle, and they don't want to bring somebody in just to have the defendant invoke speedy when they know they've got months of work ahead of them to build their case.

[wmf]

maybe there is a 1% chance that the books were not cooked, that the rapid crypto crash combined with bad accounting practices (not fraud) did actually lead to losing billions of dollars

Even that scenario is probably criminal negligence.

[StanislavPetrov]

>I get a feeling that the twitter mob/vigilante journalism unleashed upon the FTX meltdown story may not entirely be accurate.

SBF himself has openly admitted to multiple crimes, including fraud. Everyone should be against lynch mobs and jumping to conclusions but that is not the case here. SBF has done multiple public interviews and admitted to many of these crimes openly, even if he hasn't characterized them as crimes.