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Coming or actual. Chamath Palihapitiya just said that the current SBF/FTX/Alameda fiasco goes much further than just one man and FTX. He says that several SV
by TacticalCoder 4y ago
Coming or actual. Chamath Palihapitiya just said that the current SBF/FTX/Alameda fiasco goes much further than just one man and FTX.
He says that several SV firms and VCs have been working on several of the shitcoins in which SBF was a cofounder and pumped and dumped or which SBF just pumped and dumped (already before FTX even existed) without being involved in their creation.
SBF had its hands into a lot of things, including Solana and Serum (SRM), which represented $2.2 bn in USD when FTX went down (but which since crashed by 75% or something).
SBF owns 9% of RobinHood.
I'm not saying it, Chamath Palihapitiya is. Here's a recent talk between him and Coinbase's CEO. Jump at 20 minutes when it starts on crypto:
https://youtu.be/Id7cNqwqt1I https://youtu.be/Id7cNqwqt1I
I do personally think Chamath Palihapitiya is right and we connect the dot with the article from TFA, this does indeed go much further than just SBF.
Another one just for the gigs I recently read (facts needs to be checked): SBF's mom (lawyer and teacher at Stanford) ran a fundraising political campaign rooting for Biden. A few days after Biden announced he was running, SBF was apparently the biggest donor. Will they hand that money back to people who were scammed?
Speaking of parents who raised ethical kids... Elizabeth Holmes, who defrauded investors, had as a parental example a father working at... Enron apparently. Just a coincidence of course. Daddy wasn't aware of anything. And he can be very proud of the way he raised his daughter.
In french we say it's "un panier de crabes" (a pack of crabs).
Thanks to these guys' examples I know how to not raise my kid.
- deleted 4y ago[deleted]
- theGnuMe 4y agoI mean... something about glass houses: https://www.institutionalinvestor.com/article/b1qf5t2ymwfcl5/Hindenburg-Research-Goes-After-Wall-Street-Celebrity-Promoter-Chamath-Palihapitiya https://www.institutionalinvestor.com/article/b1qf5t2ymwfcl5...
- boringg 4y agoAre you referring to Chamath the king of pump and dump SPACs? A bit rich to be using him as a source.