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Well it seemed to have worked. The scam kept going until the math stopped working, it wasn't regulators or investigative journalists that brought it down. Advi
by missedthecue 4y ago
Well it seemed to have worked. The scam kept going until the math stopped working, it wasn't regulators or investigative journalists that brought it down.
Advising congress and buying formula 1 ads and sponsoring stadium names gave his scheme a certain unearned legitimacy.
- zarzavat 4y agoThe media is also culpable, because his face was always on it. I never used FTX, but I assumed that it was legit and regulated based upon his appearances on Bloomberg etc. This seems to have been a case of XKCD 978, i.e. lazy journalists. https://xkcd.com/978/ https://xkcd.com/978/