4 ms·
So there's no other conclusion than this website was run by drugged up children. However bad you think FTX was run, it's worse. They basically didn't keep trac
by VHRanger 4y ago
So there's no other conclusion than this website was run by drugged up children.
However bad you think FTX was run, it's worse. They basically didn't keep track of anything, disbursed money to buy themselves houses in the Bahamas, etc.
It also seems, reading between the lines, that customers wired money to Alameda and this money never hit FTX and was just gambled away.
- AlexandrB 4y agoContrast this to SBF's recent tweets and statements to the Vox reporter and you get a strong sense that SBF is somewhat delusional about his own competence and culpability in FTX's collapse. From the Vox DMs his biggest regret was filing for chapter 11, which suggests that he somehow wanted to continue running this shitshow with a huge hole in the balance sheet.
- VHRanger 4y agoGo to any casino at 4am and you'll find the same mentality. He's just angry he got kicked off the blackjack table because now he can't make it back up by gambling more
- oldgradstudent 4y ago> Go to any casino at 4am and you'll find the same mentality. At least the casino can tell you how much you've lost.
- eqmvii 4y agoAlso seems likely they staged a "hack" to suck out a few hundred million on the last day. Nice!