3 ms·
Not doing their own due diligence is clearly the main issue here. It's just ridiculous that the whole fraud seems like it could have been revealed by just sen
by BlueTemplar 4y ago
Not doing their own due diligence is clearly the main issue here.
It's just ridiculous that the whole fraud seems like it could have been revealed by just sending a (not even specialized in crypto !) accountant to either FTX or Alameda, and the """sophisticated""" investors (and worse : US banking """regulators""") failed to to so !
P.S.: And this is also where the defense of SBF comes in : he's pretty young, focused on "moving fast and breaking things", so of course he would have been emboldened by the above, and might not have realized just how criminal his doings were ??