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Woah woah woah. Don't buy into the bullshit. We know exactly what FTX was meant to be. FTX US was meant to be a US based crypto exchange regulated in the US, FT
by SilverBirch 4y ago
Woah woah woah. Don't buy into the bullshit. We know exactly what FTX was meant to be. FTX US was meant to be a US based crypto exchange regulated in the US, FTX International was meant to be a Bahamas based crypto exchange with less regulation. Alameda was meant to be a hedge fund.
FTX made very clear promises about what it was - and that all customer deposits were safe, which we know is a lie because at the point SBF said that we knew the liabilities of Alameda and FTX was denominated in an imaginary currency.