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In fairness, FTX had a profitable bankruptcy [1]. So it's still better to be scammed by Jane Street alumni than to be scammed by the usual alumni of Goldman Sachs, JP Morgan etc

[1] https://www.bloomberg.com/news/articles/2024-05-15/ftx-bankr...

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It's not profitable. They are getting their money back from value of the assets in 2022 when they went bankrupt but most of crypto assets have gone up significantly in value so it's 2.5 years of lost profit.

How is that fair? It was luck from the AI investment. Pure luck.

It wasn’t the only smart investment

Regardless of how you feel about SBF and FTX, claiming an early investment into Anthropic is "luck" rather than being ahead of the curve feels off the mark.

That is dodging the point. The guy ripped people off. By luck they got the fiat value of their investment at some past date back. Yes if a single investment pays off well enough to negate fraud losses on that scale over a short time scale. It's fucking luck.

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