Quote from: Hispo on December 24, 2022, 05:33:20 AM

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

How in the heavens did SBF arrive at the conclusion that gambling was the strategy to recover the funds? It seems to me that he had terrible friends around him.

If this is true, then it is incredible irresponsible and only highlights that "man" was never supposed to handle anyone's money.
I guess he thought that literal gambling was the solution to his problems after he failed to earn money from traditional investments, I would not be surprised if he made poor choices at the same time he leveraged his positions.

Anyways, just another detail to add to this scandal, those folks cant either trade nor play poker.

Well maybe, that was due to his frustrations. Problem is; you won't be able to be certain of your victory in gambling industry. Maybe he just tried his luck out of being frustrated with his losses from projects but bottomline here is creating a problem out of an existing problem won't result to a solution. This is the as with lending an amount and paying it with another lended money from another person; the idea simply emphasizes that it would be an unending loop. Losing is more certain in gambling unless you are lucky. It will always be luck. And as many people have said in this topic, if this is true then he just created a worse scenario.

Quote from: coolcoinz on Today at 01:29:59 PM

This is surely something people expected of him after all the details of his management came out. Dude was only interested in stealing money and laundering them through donations, paid spokespeople and such. He claims to be completely broke and if it's true the guy paid 15 million to one of his shills and without having a backup fund of a few mill just in case. It's like that guy from a joke who bought a wallet with his last money. This drama is going to follow us for years and I'm sure we'll get a few more interesting stories out of it.

He's more of an irresponsible project owner on my end but I guess not with stealing people's money. There is I think a difference.