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Comment by ugh123 | Hacker News Reader

I consider SBF's crime way less serious given that the end result actually made money for "victims"* which was the intended goal from the start.

However Binance guy knowingly commits money laundering and gets the pardon?

* Those victims who did not wait through the full asset recovery process and sold their debt to "vulture investors" for pennies on the dollar.

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If your definition of “making money” is turning bitcoins into USD at bitcoins low point, and then paying that back to them in 2 years, alright.

You can have whatever opinion you want about the bankruptcy process, but FTX was most certainly insolvent, due to fraud, and at that point whatever happened after the recovery to make people as whole as possible (which for many was not even close) really shouldn’t get credited to SBF.

If he gets the blame for buying them, he gets the credit, too.

Call me crazy, but if my bank tells me that my deposits are in safe assets like treasuries, but then the CEO takes the money to Vegas and puts it all on red, even if the CEO wins that bet, I'm very ok with that CEO going to jail.

Of course, if the bank is upfront that they take customer deposits to Vegas, then its fine.

Or if they took my deposit and commingled it with company funds and bought some illiquid luxury real estate in the Bahamas for their staff to live in totalling $240m. If they’re upfront about that, probably nobody deposits with them.

So he intended to get caught and have his investments seized and go up in value while seized. Noble.

Not necessarily. I think the intention was to drive up the value of FTX assets by investing in companies and coins that increased said value of the FTX platform. The value of held FTT was dependent on the value of FTX.

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