

It would help to have someone familiar with the finances of the rich and famous comment. I suspect that his side of the business is completely legal, while Lightcone and CFAR have messed up or misrepresented enough things that they could get in trouble.
Borrowing from a billionaire they are on first-name-basis with (“Jaan and SFC helped us fund the above-mentioned settlement with the FTX estate”), rather than an impersonal bureaucratic bank with rules, is very typical of our friends.

Back in 2023, someone called adamrat asked about this Slimrock company and why FTX owed it money.
Habryka was forthcoming about every detail except why they borrowed from Tallinn. It looks to me like FTX was supposed to provide the down payment for a mortgage and probably ongoing donations. They bought the property with the loan from Tallinn on 4 Nov 2022, two days after CoinDesk reported that FTX was entangled with Alameda Research, and one week before FTX filed for bankruptcy. Did Tallinn sit them down and say “if you complete the deal with FTX and they go bankrupt, you could lose Lighthaven, whereas I am solvent and offer easy terms?”