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387 points reaperducer | 5 comments | 31 Oct 25 13:03 UTC | HN request time: 0.875s | source

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gregoriol ◴[31 Oct 25 14:15 UTC] No.45772227[source]▶

Will Sam Altman's fall be as legendary as Sam Bankman-Fried's?

1. Hilift ◴[31 Oct 25 14:54 UTC] No.45772635[source]▶

Most of the funds lost to SBF were recovered. And CPZ has a pardon. Crypto has evaporated about $2 trillion in assets since then.

2. kyruzic ◴[31 Oct 25 15:05 UTC] No.45772795[source]▶

The funds in USD were recovered because bitcoins value is 5x higher than it was when he got arrested.

replies(1): >>45773336 #

3. hiddencost ◴[31 Oct 25 15:16 UTC] No.45772977[source]▶

I don't understand why you think it's OK to flagrantly violate financial laws for consumer protection, just because the bet got lucky?

4. 7thpower ◴[31 Oct 25 15:43 UTC] No.45773336[source]▶

And a set of fundamentally sound investments, including Anthropic iirc.

replies(1): >>45775411 #

5. overfeed ◴[31 Oct 25 18:55 UTC] No.45775411{3}[source]▶

This is painting a target around the arrow. AFAIK, they had so much money to throw around for a spray and pray, similar to VC firms

How OpenAI uses complex and circular deals to fuel its multibillion-dollar rise