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Yeah, the point is this was much more than some accounting problems - looks like the intent (to defraud) was there as well. On a massive scale.
by H8crilA 4y ago
Yeah, the point is this was much more than some accounting problems - looks like the intent (to defraud) was there as well. On a massive scale.
- quesera 4y agoOf course. But the SBF story is "man, I dunno, maybe I forgot to reconcile those ledgers? It's complicated I think.". My guess: He knew exactly what was happening but believed he could outlast the crisis and everyone would be whole on the other side. That risk would probably have paid off about 50% of the time. And I think the Binance guy called SBF's bluff and killed FTX for fun.