FTX seems to have been turned definitely fraudulent sometime this mid year, and to have been a legitimate business before then. I think it is likely that grants given before then are NOT the result of fraud. You don’t address this in your post, but I think it’s one of the strongest arguments
Sorry, had a typo, grants given before mid-year probably are NOT the result of fraud. I’m less certain about grants afterwards. One particularly deciding moment seems to have been the crash of Luna, around May 7th, but I don’t recall the fraud starting just then. I imagine the bankruptcy proceedings may surface more information.
Why do you think FTX was legit before then? Any sort of presumption of legitimate operations has been shattered by subsequent events + worse-than-Enron internal controls. I’m remaining open to possibilities of what FTX was like prior to mid-2022, but I see very little reliable evidence to support a no-fraud conclusion. Because the answer may impact both the legal and ethical obligations, I think it’s important not to make assumptions unsupported by independent evidence (i.e., evidence not controlled by SBF or pre bankruptcy FTX).
FTX seems to have been turned definitely fraudulent sometime this mid year, and to have been a legitimate business before then. I think it is likely that grants given before then are NOT the result of fraud. You don’t address this in your post, but I think it’s one of the strongest arguments
Hi NunoSempre, grants given before when are the result of fraud? And is this an argument for or against OP’s argument?
Sorry, had a typo, grants given before mid-year probably are NOT the result of fraud. I’m less certain about grants afterwards. One particularly deciding moment seems to have been the crash of Luna, around May 7th, but I don’t recall the fraud starting just then. I imagine the bankruptcy proceedings may surface more information.
I think you flipped something in here. Did you mean you think grants after this are likely the result of fraud?
Oof, yes
Why do you think FTX was legit before then? Any sort of presumption of legitimate operations has been shattered by subsequent events + worse-than-Enron internal controls. I’m remaining open to possibilities of what FTX was like prior to mid-2022, but I see very little reliable evidence to support a no-fraud conclusion. Because the answer may impact both the legal and ethical obligations, I think it’s important not to make assumptions unsupported by independent evidence (i.e., evidence not controlled by SBF or pre bankruptcy FTX).