SBF has not been convicted of anything....yet.
lol I noticed that and decided not to correct it.
as connected as his parents are, he caused a lot of rich people to lose money, so he's screwed.
The Hassan Minaj Daily Show interview with Kevin O'Leary is pretty good, but he made one error. He got into it with O'Leary about "retail investors" vs big VC's like O'Leary. O'Leary says that 80% of startups fail, Minaj argues he shouldn't be selling the dream to retail investors.
But the people who got the most screwed in the FTX debacle weren't retail *investors* - they were retail *customers*. Even if you consider bitcoin an "investment", and whether bitcoin is a good investment or a bad investment, those people had bitcoin, which may fluctuate in value, but when FTX went kaput they lost their bitcoin. Their investment didn't go south, their brokerage did.
Pets.com was a bad deal for investors - caveat emptor - but the customers paid for dog food and got dog food. FTX screwed their customers - including people whose deposits were US Dollars. O'Leary keeps deflecting, but he was a paid spokesman for a fraud.
(That guy's backstory is pretty crazy too - he made his money by buying some small children's software company and basically destroying Hasbro by tricking Hasbro into overpaying to buy it from him).