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Going through all their shenanigans, any legal activity on the exchange was rare. Extremely criminal behavior. SBF would buy tokens from his personal account, A
by spaceman_2020 4y ago
Going through all their shenanigans, any legal activity on the exchange was rare. Extremely criminal behavior. SBF would buy tokens from his personal account, Alameda would then buy the same tokens, and then FTX would list those tokens after Alameda bought them.
Criminal beyond measure and it's absurd that all of these big name funds did not do even ten minutes of due diligence.
The Ontario Teacher's Pension Fund was "investing" in trash like this without even looking at their corporate governance. How do you treat a pension fund like that?
- jojobas 4y agoFraud upon fraud upon embezzlement upon fraud fraud.
- AustinDev 4y agoWhen do we find out the fund’s partners bought the tokens before FTX listed them? That’s what I’m waiting for it’s the only way the lack of DD makes any sense.
- mckirk 4y agoI'm not actually sure that particular move is criminal. Morally reprehensible, most certainly, but my understanding was that, since crypto isn't regulated like a security by the SEC or anyone else, you are free to pump&dump all you want without having to fear legal consequences.