Perhaps. But it sounds like many[1] have been treating the fact that FTX did in fact face a liquidity crisis as strong (conclusive?) evidence of SBF’s excessive risk-taking in a way that’s relevant for intent. And now they claim that the extent to which customers are made whole or FTX was insolvent is not relevant.
It feels like people in general are happy to attribute good luck to his decisions but not bad luck.
- ^
Including the prosecution: “its customers were left with billions of dollars in losses”, “the defendant talked with his inner circle about...how customers could never be repaid”, “Billions of dollars from thousands of people gone”, “there is no serious dispute that around $10 billion went missing”...
Thank you for keeping us updated, Rob, even before the final trustee has been finalized, and thank you to all of you for your service.
Please feel under no obligation to respond to this, but if you are able to share: From the outside, it looks as if the EVs have really struggled to find new board members and I’m curious what the bottleneck is. Did very few applications meet your criteria? Did you actively reach out to lots of people but they said no? Etc.
I suppose I am not surprised by an apparent lack of interest from suitable candidates—the opportunity costs for such people will be high and frankly it mostly looks like stressful and thankless work. But I’m curious if there’s anything the wider community could do to make the search easier next time.