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In a nutshell, he ran FTX like Mt. Gox. He did't know what he was doing but just on a bigger scale than ever.
by sushid 4y ago
In a nutshell, he ran FTX like Mt. Gox. He did't know what he was doing but just on a bigger scale than ever.
- mr90210 4y agoIf you truly believe that he didn’t know what he was doing then he managed to successfully paint the narrative of a naive young entrepreneur. He knew what he was doing.
- zeven7 4y agoMark Karpeles got in over his head, criminally. He lied some, he defrauded some, but most of it seemed to be to try to cover up for previous mistakes, and I think he legitimately just had some bad things happen to him, got in over his head, and made a bunch of mistakes in an early time for Bitcoin. He deserved prison time, and he's paid his debt to society. That's not what SBF did, not even close. All of the FTX executives are from top schools and have top credentials. They knew exactly what they were doing was fraudulent. They just thought they could get away with it.