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Wow, that's some Adam Neumann level self-dealing.

Sam's Alameda moment

Assume someone had been working for a startup, as CEO, for free. For years. That someone had cut himself away from any way to compensate his work directly. Due to altruism or poor planning or a result of a negotiation.

At a later time other ventures that this person had been propping started failing and a money injection deemed necessary. It would not be surprising, if that person would try to risk his unpaid work position and monetize it.

Recent tweets from Sam “go for a full value of my stock” seem to indicate towards this direction.

He presumably at least got paid a salary as CEO, so it's not uncompensated work. In any case, being in some kind of suboptimal financial situation isn't an excuse for breaking the rules.

I don’t know. It can easily be the case of $1 comp, and insane amounts of work and pressure, including financial, from all sides. It is quite clear that crypto is failing and he is deeply engaged into crypto with the WorldCoin project. For all we know, personal moneys may have been spent on crypto.

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