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FTX looks for $9.4B in rescue funds, Bahamas freezes some assets
- easytiger 4y ago> FTX is scrambling to raise about $9.4 billion from investors and rivals Surely there is no upside to this at all and only a totally deranged person would give them money. Financial systems are about trust. Who would trust this madman going forward? This isn't like WeWork were they had a B&M assets and operating businesses. These guys have nothing.
- senttoschool 4y agoYep. It's not even like they have proprietary exchange technology. Hundreds of exchanges exist with the same/similar technology. There's no point in rescuing their customer assets. I can't think of any upside.
- abudabi123 4y agoI guess the hard cash that went into the scheme got routed somewhere and is sitting pretty. The waste is electricity in work lost finding those tokens.