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by Hilift 231 days ago
Most of the funds lost to SBF were recovered. And CPZ has a pardon. Crypto has evaporated about $2 trillion in assets since then.
2 comments
kyruzic 231 days ago
The funds in USD were recovered because bitcoins value is 5x higher than it was when he got arrested.
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7thpower 231 days ago
And a set of fundamentally sound investments, including Anthropic iirc.
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overfeed 231 days ago
This is painting a target around the arrow. AFAIK, they had so much money to throw around for a spray and pray, similar to VC firms
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7thpower 229 days ago
No it’s not. This is not a moral argument.

They made many investments that ended up having a positive ROI. Anthropic was one of them.

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hiddencost 231 days ago
I don't understand why you think it's OK to flagrantly violate financial laws for consumer protection, just because the bet got lucky?
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