Quote from: Fivestar4everMVP on Today at 09:25:54 PM

Quote from: alastantiger on December 24, 2022, 05:24:25 AM

How in the world did SBF decide that gambling was the best course of action for recovering the funds?

I will not believe this to be true, except there are proofs and evidences attached, this is because the media is awashed with fake news, publisher take advantage of popular incidents as this to get more clicks to their website, and for this, they are ready to do anything, even if it means lying, which is what I clearly see here.

But on the other hand, if I should assume this to be true, then it's still not a new thing, I remember the CEO of FedEx ones gambled with the last money his company had, and luckily for him, what he won from that gambling saved his company and today, FedEx is one of the biggest courier company in the entire world.
Maybe SBF wanted to recreate that history again but unfortunately, luck wasn't on his side.

He's known to be a gambler.

There was an interview with him where the guy asked him if he would play a game of double or nothing (basically a dice with 50% probability) and he said that he would. This is what he was doing, playing with leverage using customer's funds, but Luna bankruptcy liquidated him. Technically it liquidated Alameda but SBF was Alameda, there's no doubt about it.

This guy thought to be one of the smartest people in the world, the youngest billionaire... I'm glad it ended the way it ended for him. One less idiot with power in this world.