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see how fast they give it back...before the court gets involved with no interest...after? with interest
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It appears that there is some funny math regarding the 250M bond. From what I have read, the other two co-signers are only on the hook for 500K and 200K, respectively. Probably SBF relatives. His parents will lose all their assets if SBF doesn't show so they will end-up paupers. Given these circumstances, the judge may have been very, very generous in valuing the parents assets. Also, you don't need to put up 250M, only 10% (25M in this case) and guarantee the rest.
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I find it amusing that not too long ago, these boards were awash with people saying how cool crypto was and how much they thought they were earning.
Tulip, meet bubble.
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Whatchutalkinboutwillis?
My coin is priceless
The market just doesn't know it............
Yet
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@remo_williams, crypto is not that much different from investing in the stock market.
You still are responsible for finding a reliable company to help you invest.
Plenty of investors have been burned in the past by shady stock brokers.
The crypto market has generally been down since 2022, from it's peak in 2021.
But the crypto market is not going away.
There is plenty of info and tools to help anyone make good investment decisions.
You just have to make the effort to learn how to play the game.
Most people are lazy, so half will lose their money.
I use Coinbase because it was known to be a reliable crypto platform.
Lost some money last year, but this year I'm currently starting to make
some significant gains, although the crypto market in general is still down.
The crypto market is expected to come back in 2024.
Hopefully I'll be smarter and wiser by then and make some mega bucks.
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^^^
Best of luck with that. Seriously - I don't wish anyone to loose money. If they invest wisely.
But it is a stupid investment.
It is most definitely NOT like the stock market.
No crypto that I know of (including bitcoin) is listed DIRECTLY on the market.
To be listed on an exchange, you must meet minimal criteria.
I'll stick to tangible assets & other things that have a minimal threshold to enter.
Any fool can (and do) make their own crypto - market is too crowded, no way to audit the books of any of them.
If you can't reliably audit the books using GAAP, you are setting yourself up for failure.
It is a stupid investment.
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yep...meant to say put up money for 250m bond...we know how it all works
hope they can claw most of the shit back from that time frame. charities and all
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yawn
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| There are 8 comments on this blog. |
