why a professional would lend their reputation and credibility to speculate in a blatant hit piece on the reasons for a particular commercial structuring arrangement that they had nothing to do with / are likely missing important information or context on is beyond me
and then to double down with comments like "indicate to me that there isn't a good [reason]" - "we need to clean up this space"
this must be a burger thing - there's a reason lawyers in most countries avoid the media like the plague
because you don't know what you don't know and you risk making yourself look like a fool
I'm quoted in this story and had to keep this close to the vest for a month+.
If the docs I was shown (and are now actually published) are accurate and complete this is one of the craziest things I've seen in crypto dealmaking.
I tried to choose my words carefully and I have nothing against berachain, in fact I always thought it was cool. I kept asking Jack if he'd gotten comment from the berachain team because I was really hoping I was missing something that would explain it all innocently, but as you will see from the article it appears no alternative explanation has been forthcoming, and the fact that there is no comment from Brevan Howard and nothing but a blanket denial from the Berachain team would indicate to me there isn't a good one.
We need to clean up this space, and tbh I think it's already happening with more public token sales, better legal structures, etc. But it's on all of us to do better.
to be clear - EVEN IF IT WERE (is? idkf) TRUE - and it's some all nefarious hustle - there is no upside here as a lawyer to allowing yourself to be quoted in a piece like this
1.824
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