…because he’s a Democrat darling.
His admission, as someone with billions of dollars under custody, that he didn’t think much about risk management is jaw dropping.
…because he’s a Democrat darling.
His admission, as someone with billions of dollars under custody, that he didn’t think much about risk management is jaw dropping.
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He’s a rich brat from an extremely wealthy and well-connected family. Why would he ever think about risk when he’s been completely insulated from it for his entire life? People like that treat everything as a game because their whole life experience teaches them that they are immune to consequences.
Just like Justin Turdeau in Canada, a trust fund baby that makes money off the vaxx, who thinks that budgets balance themselves.
He ran an exchange that didn’t actually conduct trades but took people’s money and displayed a fake ledger. Everyone involved needs to go to jail for a long long time, certainly longer than Martha Stewart.
It is interesting how crypto businesses have vastly accelerated dynamics (business lifespans and boom/busts, for example), Here, this guy made this huge mess in only three years. I think it shows the mercenary and vapid nature of US politics. Wave millions around and you can get a quality experience.
I think more that he might be getting treated gently, not as service for payment or because he pushed the right buttons, but because it would embarrass a lot of people who latched onto him.
That embarrassment include the possible use of his company to launder aid to the Ukraine and turn it into Democratic party contributions?