I mean, the total collateral actually put up is in the neighborhood of $2M.

He's a tremendous flight risk and it's a joke that he isn't incarcerated. He's stolen billions from customers, why would he care about forfeiting his parents' house? The entire family is gonna find a way to end up somewhere in the ME or somewhere equally comfortable for billionaires that won't extradite.

In another sub I made this comparison. Carlos Ghosn, accused of $100M fraud, was able to board public transit and flee Japan while under 24/7 surveillance. The FTX fraud is 100x the size. He's gonna find a way to skip town and access his stolen crypto.

Effective Altruism is just tech bros thinking biggest problem with the uncaring boot of capitalism is the tech bros aren't wearing the boot.

I mean, there are right and wrong ways to make sure everyone can get a chance at trying a product.

The actual Buffalo Trace distillery puts you in bourbon jail for 60 days when you purchase, so you can get one bottle of any product, the have to wait 60 days to get another. To me, this feels like a very reasonable way (though I've seen some crazy shit people have done to dodge this limit).

At this point, the bourbon retail race is dominated by flippers paying managers under the table and then immediately relisting in Facebook or Discord or any other app. So the "big accounts" are just the resellers.

Sure, flipping alcohol is super illegal, but the liquor industry is very large and is making a killing on the hype, so there is a tremendous incentive to not prosecute.

There's some sort of irony, however, in people flipping knockoff unlicensed merch complaining that they now need to follow the law.

As somebody with a few hobbies myself that are infested with flippers, I can't say I'm too mad at this change.

Not to be glib, but if you're running a property management business this should be really small potatoes compared to all the other tax related things property managers do.

They don't. Even money says he's skips town then mysteriously """dies""" building an Effective Altruism Orphanage (tm).

But he has access to hundreds of millions of not more in crypto.

I've said this in other threads, but let's consider the case of Carlos Ghosn. While already being guilty of a crime, he was able to hire an ex Navy Seal strike team to smuggle him out of Japan into a country without extradition. His crime was also 1/100th the size of SBF.

There's very much a non zero chance he skips bail with his parents to the UAE or Qatar or whatever. Multiple crypto people have pulled disappearing acts.