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SBF wealth probably would have vaporized if he tried to sell. In recent days there’s been evidence that a big portion of SBF’s net worth was tied up in coins S
by fshbbdssbbgdd 4y ago
SBF wealth probably would have vaporized if he tried to sell.
In recent days there’s been evidence that a big portion of SBF’s net worth was tied up in coins SBF issued. To the extent that his companies possessed other assets, many of them were purchased with loans collateralized by SBF coins.
We just saw what happened when confidence in FTX was threatened. The whole thing came tumbling down. Selling out would likely have had the same outcome.
- readthenotes1 4y agoWell, what we saw was the guy stealing $8B to keep the plates spinning. Hope he goes to jail.