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What’s been the general reaction to this thread in terms of belief? Do people buy this account? Separately from how mad they are about it and the chances of any plans working.
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1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.
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From past interviews Sam has seemed articulate and intelligent. This level of fraud wasn’t from incompetence, it was deliberate deception and/or greed. The DOJ will prevent any attempts of making this work (as evidenced by what they asked tether to do today).
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in a word no, But the leaked spreadsheet was poorly put together like it was phoned in by a grad hire. Given the Sams degen origins I doubt he wanted thorough financial reporting. it probably did contribute but no way causal. His decision to lend client funds caused this.