The Crapto Thread

[zikzak]

@ViridianDreams

both his parents are were law professors at Stanfond

They both abruptly quit last week. Probably just coincidence.

[Riverman]

One thing that is impossible to ever get accustomed to is the pure stupidity of House members. Every hearing I watch results in the same level of astonishment at their idiocy.

[6ixFromTheRiverStyx]

bruh they’re talking like you if we multiplied your knowledge about this subject by an order of magnitude

[econophile]

The SEC is also asking for disgorgement [i.e., repayment] of ill-gotten gains as well as fines for laws that SBF allegedly violated. I’m probably going to get the legal stuff wrong, but my understanding is that the SEC is empowered to enforce certain laws.

I read that the DOJ indictment in the Southern District of New York is sealed, so we likely won’t see anything on that for a while.

[pvn]

Molly White (@molly0xfff@hachyderm.io)

[pvn]

Molly White (@molly0xfff@hachyderm.io)

[6ixFromTheRiverStyx]

If Riverman And Co were in The House they’d just paint their naked chests with letters that spell out P-O-N-Z-I like the football games and then just start screaming and throwing beer cans.

[pvn]

@Riverman

One thing that is impossible to ever get accustomed to is the pure stupidity of House members.

Molly White (@molly0xfff@hachyderm.io)

[6ixFromTheRiverStyx]

The more SBF gets charges filed against him, the more the bitcornz line goes up, so I’m really wondering who our heroes are gonna root for now in Sportsball Watchin’: Crypto Edition.

[6ixFromTheRiverStyx]

Srsly tho this reminds me of watching the Lehman Brothers fiasco unfold and how everybody decided that {checks notes} money is dumb.

[6ixFromTheRiverStyx]

I was on the edge of my seat in the The Maney Thread.

[anon59375068]

@6ixFromTheRiverStyx

If Riverman And Co were in The House they’d just paint their naked chests with letters that spell out P-O-N-Z-I like the football games and then just start screaming and throwing beer cans.

dude that sounds awesome, what’s the problem???

[anon59375068]

@econophile

The SEC is also asking for disgorgement [i.e., repayment] of ill-gotten gains as well as fines for laws that SBF allegedly violated. I’m probably going to get the legal stuff wrong, but my understanding is that the SEC is empowered to enforce certain laws.

I read that the DOJ indictment in the Southern District of New York is sealed, so we likely won’t see anything on that for a while.

WRONG

https://www.documentcloud.org/documents/23450642-sdny-crim-charges-sbf?responsive=1&title=1

[anon59375068]

Wonder what the sentencing guidelines are for 30 billion dollars in damages?

[anon59375068]

pffffffffft it stops at 30 levels for greater than $550,000,000. Bogus!

gonna snip all that seem to apply

six or seven, dunno which

30 points, hahhahaha suck it sam

six more

maybe a stretch, but I’m going to say Effective Altruism gets you another 2 points

another 2 points!

four more points!

Sam gets sixty sentencing points for wire fraud! Is that bad?

[econophile]

Wire fraud but technically not RICO (yet)

[spidercrab]

@econophile

I’m probably going to get the legal stuff wrong, but my understanding is that the SEC is empowered to enforce certain laws.

I think this is very much in the cross hairs of the current Supreme Court majority.

[spidercrab]

@pvn

Molly White: "Ray just said that FTX used QuickBooks for record…" - Hachyderm.io

Sick viral marketing for Intuit.

[anon59375068]

Can the bankruptcy trustees over at FTX try to claw back donations that S.B.F. gave charities and politicians?

[Riverman]

Looks like “the banks opening” didn’t solve the problem!

https://twitter.com/themaxburns/status/1602721258877100032?s=46&t=PBzLTGw15TOfYNR6wRPUEw