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The only mistake these foundations made was committing to spend money they hadn’t yet received. And relying on a single source of funding. Something about eggs
by alistairSH 4y ago
The only mistake these foundations made was committing to spend money they hadn’t yet received. And relying on a single source of funding. Something about eggs and baskets.
Should they have known FTX was about to fail? Maybe, but so should a lot of other people who should have definitely known better. So, it’s hard to fault them for that.
- jefftk 4y ago> committing to spend money they hadn’t yet received In several cases they have received the money, but now feel like it is not ok (morally, legally, or both) to spend it.