Seems reasonably likely that the congressional hearing triggered the extradition through different means then, such as negotiations falling through and/or petty revenge, especially if he had big plans for it e.g. accusing Binance of wrongdoing and leverage was worth getting (even if the detainment was offshore instead of inside the US). Cancelling the hearing has the risk of looking bad for Congress.
One way or another, it’s clearly worth noting that the extradition happened the day before the date of his congressional hearing.
I read the statement and all it says is that the hearing seems to be cancelled, which is explained both by my hearing-driven model and Jason’s fraud driven model? I was arguing that the timing of the arrest has a causal relationship with the hearing, and therefore it isn’t a good indicator for flight risk. He was arrested literally the day before the hearing.
Congressional hearings are costly to cancel if they are scheduled in advance with this much public attention. I stand by my hypothesis that the arrest happened when it did due to the date of the hearing and the fact that SBF would have had a large public platform, and that made him a liability to a wide variety of influential people.
Seems reasonably likely that the congressional hearing triggered the extradition through different means then, such as negotiations falling through and/or petty revenge, especially if he had big plans for it e.g. accusing Binance of wrongdoing and leverage was worth getting (even if the detainment was offshore instead of inside the US). Cancelling the hearing has the risk of looking bad for Congress.
One way or another, it’s clearly worth noting that the extradition happened the day before the date of his congressional hearing.
Rep. Waters’s statement on the arrest strikes me as compelling evidence against explanations in this vicinity.
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=410026
I’m also inclined to trust the judgment of the attorneys on this thread about matters like this.
I read the statement and all it says is that the hearing seems to be cancelled, which is explained both by my hearing-driven model and Jason’s fraud driven model? I was arguing that the timing of the arrest has a causal relationship with the hearing, and therefore it isn’t a good indicator for flight risk. He was arrested literally the day before the hearing.
Congressional hearings are costly to cancel if they are scheduled in advance with this much public attention. I stand by my hypothesis that the arrest happened when it did due to the date of the hearing and the fact that SBF would have had a large public platform, and that made him a liability to a wide variety of influential people.