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It did? The whole collapse was kicked off by someone looking at the books and raising an alarm. If you’re instead asking why financial audits paid for by FTX d
by giaour 4y ago
It did? The whole collapse was kicked off by someone looking at the books and raising an alarm.
If you’re instead asking why financial audits paid for by FTX didn’t publicize the company’s solvency issues, well, we’ll all find out during the upcoming bankruptcy proceedings.
- dmak 4y agoIt was kicked off be someone leaking the balance sheet, but no prior audits and due diligence from ventures were able to discover it.
- toomuchtodo 4y agoThen due diligence wasn’t done. This was not a complicated fraud. Someone competent simply needed to ask the right questions.