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FTX files for bankruptcy, and the fallout begins. Who's next?
- throwoutway 4y ago> We haven’t slept since Tuesday, and we’re writing on the Sam and Caroline plan. Send us money! First thing on the page. Wow, is this satire? The greed flows prominently from those mocking the greed of others.
- skinnymuch 4y agoThey are being tongue in cheek. They realize everything you’re saying. That is why they wrote how they did. You don’t know how much they make or how hard they’ve worked. They aren’t tricking any one into subscribing. I’m confused what the problem is. Should people not get paid for their work output?
- jnwatson 4y agoWhy is it greedy to ask for money in exchange for content? They are being transparent.
- davidgerard 4y agothis is a very weird objection. Yes, we do finance newsletters and that's how we get paid for them.
- rkagerer 4y ago"The Department of Justice declined to prosecute Corzine." How come? How were the transactions done that made it so difficult to connect the dots between customer deposits and improperly traded funds?
- jnwatson 4y agoHe was penalized for sure: https://www.cftc.gov/PressRoom/PressReleases/7508-17#:~:text=Orders%20Jon%20S.-,Corzine%20to%20Pay%20%245%20Million%20Penalty%20for%20his%20Role%20in,or%20Associating%20with%20an%20FCM https://www.cftc.gov/PressRoom/PressReleases/7508-17#:~:text... It does help to be a former US Senator and governor.
- jnwatson 4y agoOne new item I learned: "The largest asset on FTX’s balance sheet was $2.2 billion in Serum (SRM) tokens — another project where SBF is a cofounder. The free float on SRM is currently $120 million..." The hubris is stunning.