​The $8B 'accounting error'.

You know those $.01 transaction fees you see popping up in your bank statements? (They're easy to ignore).

How large would that number need to become for you to notice and query the charge? $1, $5, $10...$100?

How about $8 billion? Would you notice $8 billion?

Absolutely you would! Regardless of wealth, that kind of monetary loss is the equivalent of copping a two-by-four over the head.

That right there is the point that Brian Armstrong, CEO of Coinbase, is making about FTX's loss of $8B of customer funds, due to an 'accounting error.'

It seems the big question on everyones lips now, is: why the hell is Sam Bankman-Fried (SBF) doing all of these interviews, and further highlighting his negligence?

He's facing some Bernie Madoff style (life) sentencing - why give prosecutors more ammo?

Here's a theory pitched on the All-In Podcast over the weekend:

SBF is publicly admitting to criminal negligence, in an attempt to steer prosecutors away from a fraud charge (which carries a much heavier sentence).

...and it kind of adds up. But then again, much to our parents' disappointment: we're not lawyers.

Let's see how this one shakes out.