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What does “poor internal labeling of bank-related accounts” mean? They didn’t know which of their accounts were fiat vs crypto? Asset vs liability? Something el
by schemescape 4y ago
What does “poor internal labeling of bank-related accounts” mean? They didn’t know which of their accounts were fiat vs crypto? Asset vs liability? Something else?
- skippyboxedhero 4y agoMy thoughts exactly. He managed to say precisely nothing in 27 (or whatever it was) tweets apart from the obvious...that he wasn't up to running the company. WSJ is reporting that money was lent to Alameda based on a conversation that SBF had with an investor (saying that the gap was $10bn) but this isn't what he saying publicly...maybe this is obvious because, if this is true, then it is hard to see how he avoids jail.