From what I’ve read, it’s not exactly clear that Madoff had a plan, it seems more like he lied to a few people about being able to make them a lot of money, and that snowballed into him taking a lot of “investments” that he didn’t know what to do with.
From what I’ve seen about SBF, it does seem like he has a very high risk tolerance, was betting big to win big, and thinking the reward was worth the risk.
In the short term, sure, but SBF liked to make big risks and it seems inevitable that he would have been on the losing side of a bet that he'd made with money that was supposed to be safer than a treasury bond.
From what I’ve seen about SBF, it does seem like he has a very high risk tolerance, was betting big to win big, and thinking the reward was worth the risk.