What's going on with 3AC and where is Kyle Davies?
WXLCKNO•5mo ago
Also baffled to see Zhu Su not in prison and tweeting.
paulpauper•5mo ago
Making bad leveraged bets and sticking your lenders with the bill has surprisingly lenient sentences, compared to defrauding retail customers, like in the case of FTX.
WXLCKNO•5mo ago
It's all so exhausting to see.
onlyrealcuzzo•5mo ago
Is there a prediction market bet on whether or not he gets pardoned?
wigster•5mo ago
years/per trump meme coin, what is the rate I wonder?
bluedevil2k•5mo ago
Can Do Kwon bet enough money on “yes” to over his own roughly $30M bribe.
cyanydeez•5mo ago
Im still waiting for the "will Fascist X die by 20Xx" market.
at-fates-hands•5mo ago
The max he can get is 20. More likely he will get half of that which would be around 10. If he goes to federal prison that means he would have to at least 8.5 years. The other issue is he's not a US citizen so they could also just deport him, confiscate his passport and put him on a no-fly list to keep him out of the country.
There's no reason to pardon him.
esseph•5mo ago
Money, clout, and leverage.
ceejayoz•5mo ago
> There's no reason to pardon him.
That doesn't really seem to be stopping pardons from going ahead.
paulpauper•5mo ago
The Jan 6th protestors were sentenced for far fewer months and were all pardoned even after completing their time.
at-fates-hands•5mo ago
Not apples to apples.
Kwon is a foreign national. All the J6ers were US citizens.
Looks like he's going to do about 12 years which is insanely low for the financial damage caused and after he will be deported to South Korea where he will be immediately put on trial and sentenced to prison again.
"might". It seems like that's the way business is operating these days with this kind of activity.
paulpauper•5mo ago
probably 1000s of ppl have been sentenced to fed prison over the past decade for white collar crimes. 4 pardons is hardly an outlier .
rafale•5mo ago
How much money he had when he was caught? How much you profited usually makes a difference in sentencing.
decimalenough•5mo ago
The plea deal includes forfeiting US$19 million.
paulpauper•5mo ago
the key here is intent. the Luna protocol was flawed but this is not the same as him intentionally scamming people
mandeepj•5mo ago
> The South Korean crypto entrepreneur
Stop calling him an "entrepreneur" now!!
dashdashu•5mo ago
On an unrelated note, I just clicked the paywalled link and holy crap - do they seriously expect people to pay 70$ per month for access to their articles?
Maybe I am not the right target group for that..
mikestew•5mo ago