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> Crazy theory - Big Bank is behind it. Maybe they employed SBF, maybe they actually infiltrated and exploited a badly run company. It's a sure way to force r
by Melting_Harps 4y ago
> Crazy theory - Big Bank is behind it. Maybe they employed SBF, maybe they actually infiltrated and exploited a badly run company.
It's a sure way to force regulation onto an Industry that so far has been in an ambiguous and nebulous realm, if the goal was to do it with a major yield farming operation that ran a ponzi then we might as well dismantle Social Security and the FDIC because both are insolvent and run on equally shaky model. Not to mention rational reserve banks that have violated all of the Basel requirements since 2008.
Personally speaking I have no sympathy for FTX users at all: this was a regulated and licensed operation and any argument that suggests more regulations are required defy the logic behind why these were in place to begin with.