Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Yeah, the point is this was much more than some accounting problems - looks like the intent (to defraud) was there as well. On a massive scale.


Of course.

But the SBF story is "man, I dunno, maybe I forgot to reconcile those ledgers? It's complicated I think.".

My guess: He knew exactly what was happening but believed he could outlast the crisis and everyone would be whole on the other side. That risk would probably have paid off about 50% of the time. And I think the Binance guy called SBF's bluff and killed FTX for fun.




Consider applying for YC's Summer 2026 batch! Applications are open till May 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: