4 ms·
Im not defending him, but you can imagine a situation where a lot of conversations are happening in the background whilst wild speculation takes off online. Fr
by benjaminwootton 4y ago
Im not defending him, but you can imagine a situation where a lot of conversations are happening in the background whilst wild speculation takes off online.
From the balance sheets circulating, there are still a lot of assets there. Some of it is fantasy but some of it is real but various levels of liquidity.
Im sure FTX, Sam and everyone associated is looking at how they can turn an $8 billion hole into a $3 billion hole.
I don’t think he or FTX are coming back because the reputation is destroyed, but I don’t see this ending in an $8 billion total loss.
I am tempted to put my money where my mouth is and buy some FTT for a somewhat positive announcement soon, but maybe that’s just degenerate gambling!