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>It is also a regulatory failure, there are reasons this kind of dipping into customer funds is quite illegal in the US. FTX should not have been reachable by U
by vanattab 4y ago
>It is also a regulatory failure, there are reasons this kind of dipping into customer funds is quite illegal in the US. FTX should not have been reachable by US citizens (funding should have been impossible) _or_ FTX should have been sanctioned _by_ the US
I wonder if Sam being the 2nd biggest funder of Democrats has anything to due with this...
- colechristensen 4y agoThe SEC has been pretty slow across the board at regulating crypto.
- tru3_power 4y agoSource?
- zoklet-enjoyer 4y agohttps://www.forbes.com/sites/mattdurot/2022/11/08/ahead-of-his-crypto-firms-cash-crunch-billionaire-sam-bankman-fried-spent-tens-of-millions-on-politics/ https://www.forbes.com/sites/mattdurot/2022/11/08/ahead-of-h... His mom is Barbara Fried https://stanforddaily.com/2020/01/16/stanford-connected-fundraising-group-wants-to-raise-140-million-for-democrats-in-2020/ https://stanforddaily.com/2020/01/16/stanford-connected-fund...
- foobiekr 4y agoI am in awe of this reality. So wait, his mom is a law professor?
- deleted 4y ago[deleted]