SUPREMELY arrogant techbro that talked a big game about ‘effective altruism’ where the smartest people should be given the most amount of money to donate to charity (through tax breaks) because they would spend it the most wisely. He spent 10s to 100s of millions of dollars of dark money supporting the most conservative Ds in primaries and then Rs in generals but since it was 70/30 the Rs are are all ‘HA! Another corrupt D!’. Also, his entire fortune was a Ponzi scheme and he was just convicted of stealing $10 BILLION from his clients and from what I am reading will likely be sentenced to between 30-110 years in jail. However they were all crypto bros (his firm FTX was a crypto exchange/‘bank’) so no one really cares about them we’re all just laughing at him. Oh yeah! He also took the stand which was pretty much this: https://youtu.be/umvgwXINJBE
I think a wallet (in this context) is like a bank account, but on a private server instead of a bank. Like the cyber version of having your money under your bed.
No, having your own wallet is like keeping money under the bed. This transaction is basically moving money from bed to safe deposit box at something that is not quite a bank.
He actually bilked a lot of A-list Hollywood actors out of their money, as well as using a bunch of other celebrities and athletes to promote his Ponzi scheme. Which is probably why SAG-AFTRA was forced to go on strike.
SBF Is Headed to Prison But FTX Will Haunt the Crypto Community For Years As its top executive heads to prison, FTX is sharing its customers' data with the federal government.
