2022-12-02

etc

What Did The FBI Know and When Did It Know It? Juvenile bomb-threat caller never posed credible danger to HBCUs, but FBI refused to say so until after midterms.

a senior FBI official said the “bulk of the threats leveled against historically Black colleges earlier this year are believed to be linked to a single juvenile who has been prosecuted as a minor by state authorities.”

Who Is Killing the Crypto Millionaires?
Sam Bankman Fried, Television Star: There Is Only One Reason He Is On TV.
SBF Is Crypto Personified

the blind spot and fundamental question that seems to be overlooked so frequently in the press is why FTX was incorporated in the Bahamas in the first place. If you’re a financial services company serving US persons, you incorporate in Delaware like every other major US company. Yet, crypto investors consistently say they lack “regulatory clarity” in the United States, which is a hilariously bald-faced lie, and whichever lobbyist invented that phrase should win an Emmy for their acting. Crypto investors don’t transact offshore because there’s not enough regulatory clarity; it’s that they don’t like the regulatory clarity that already exists! FTX was operating an illegal derivatives exchange serving US persons in bold defiance of the law. And this was not an accident; their corporate structure is a byzantine rats nest of shell companies and pass-through entities set up explicitly for regulatory evasion. This incident was not a bumbling accident of one misguided entrepreneur; this was the coordinated work of hundreds of lawyers, dozens of other crypto firms, and years of planning with the deliberate intent of breaking the law.
Matt Levine: SBF Missed FTX's Risks
SBF, Effective Altruism, and the Question of Complicity