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FTX was *throwing* money at everything moving in the crypto space. Where the heck did all the money go? Did they just spend VC money as long as they could and r
by dna_polymerase 4y ago
FTX was *throwing* money at everything moving in the crypto space. Where the heck did all the money go? Did they just spend VC money as long as they could and ran out now? Or did all the money disappear through the Alameda pipe? I really hope that there will be an investigation into the whole thing. Liquidity crunch my a**.
- questime 4y agoIt went to the Democratic National Committee and AI ethics organizations.
- skippyboxedhero 4y agoStop the count. Refund the man his money.
- rnk 4y agoCan you explain this comment, I don't see democrats as being bought in crypto? What would giving them money accomplish? Most politicians in both parties are very skeptical of all this crypto tulipmania. There are a very small number who seem to bought in. Republicans are in that group too.
- telotortium 4y agoSBF put $10 million this summer into an Oregon Democratic primary in an attempt to advance a candidate sympathetic to Effective Altruism, rationalism, and AI ethics to the US House (the candidate lost). SBF has in general been flashing a lot of cash over the past 2 years in order to become a major philanthropist in the EA space.
- rnk 4y agoThanks for explaining that, I hadn't hear that specific thing. So he was the one that made that bizarre donation. I'd heard about the candidate out of no-where, didn't know SBF was behind it or who he was before a few days ago - I thought it was another Peter Thiel candidate purchase.
- djbebs 4y agoYou're asking the wrong question. The right question is "where did all that money come from?" Hint: their clients somehow can't withdraw their money...
- 55555 4y agoAgreed. He offered Elon a billion dollars for Twitter stock just a few months ago.
- MrPatan 4y agoSBF was the biggest donor to Biden's campaing, and now we know why.