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> FTX was a money printing machine Turns out, they were a Monopoly money printing machine.
by oldgradstudent 4y ago
> FTX was a money printing machine
Turns out, they were a Monopoly money printing machine.
- colinmhayes 4y agoNo, FTX was making bank in fees. They just got greedy and loaned customer funds the SBF’s hedge fund to gamble with. Hedge fund went bust and now the loans default and the collateral which was just funny money to begin with is worthless.
- grey-area 4y agoIf you believe FTX at all. These companies are riddled with fraud. Nothing they say or have said can be trusted (including reported earnings), and Tether and Binance will be next to collapse, at which point the ecosystem around Bitcoin will implode.