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Cake day: July 1st, 2023

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  • Oliver Habryka, the CEO of Lightcone Infrastructure, told SFGATE that he thinks the escrow company used to buy the property “has been trying to get in contact with FTX and return the $1M funds. My guess is the funds are still with the Escrow company, but I don’t know, we never had any of it.” He also posted a screenshot of a 2022 escrow document for the property on X, which said $1 million would be returned to an FTX-linked company called North Dimension. An escrow company holds funds for the sale of a property while the sale is finalized. Escrow in California typically takes four to eight weeks. It’s not clear why the escrow company in this case might still have the funds.

    I’m beginning to wonder if ole Habby didn’t make a tactical mistake on insisting on this particular point with El Grauniad. OTOH dodgy RE deals are like what made SF.





  • Well, they got their wish, the Guardian piece is now updated:

    https://www.theguardian.com/technology/article/2024/jun/16/sam-bankman-fried-ftx-eugenics-scientific-racism

    This article was amended on 17 June 2024 to include a comment from Oliver Habryka about the purchase of Lighthaven that was received after publication; in responding, Habryka disclosed an escrow document for the property’s purchase showing a $1m deposit from, and refunded to, North Dimension Inc, a subsidiary of FTX’s sister company Alameda, which he said meant “the relevant funds never entered our bank account”. An earlier version mistakenly said Lightcone, rather than CFAR, was the sole member of Lightcone Rose Garden, and that Habryka was the latter’s registered agent, when another individual is listed in that role. A reference to Manifund as a “prediction market” has also been corrected.

    I think the Gruaniad had a lot of fun with this. By hyperfocusing on the nitpicks, the rats gave them an open goal in correcting tiny details (who now cares whether any money from SBF actually entered the account of Lightcone?) but left the bigger details in place: namely that Lightcone is tight with racists.

    Edit a few libertarians(?) in the comments are urging Habryka to sue for libel in the UK, totally fine with using the power of the state to enforce speech! He modestly declines, likely he knows it’s not a slam-dunk win (especially if the newspaper actually amends the piece) and that news orgs live for being sued for defamation. It’s the classic sign of a bully to sue, and it generates a ton of press.