thats so wtf to me-- from my perspective it was obviously squirrly from the start. The guy showed up out of nowhere... suddenly being promoted by throwaway red

thats so wtf to me-- from my perspective it was obviously squirrly from the start. The guy showed up out of nowhere... suddenly being promoted by throwaway reddit accounts, claiming to have made more than ten billion on trades where claiming a million dollar payoff would have been surprising and dubious. Their exchange specialized in offering almost anonymous retail traders access to leveraged trading on the most dubious of cryptocurrencies stuff popular exchanges won't carry and they carry a lot of bullshit. They even had varrious weirdo products 'index funds' including one called 'shitcoin index'. When FTX acquired a derivatives clearing house I used, I pulled 95% of my account value out right away. I also warned my friends to stay away from FTX or anything related when I had the chance-- which wasn't often because it wasn't something most bitcoiners I encountered were particularly aware of (as mentioned, their service was more of a casino than an exchange-- big leverage for the most volitile crap). So while I get how people that might have been in the right media bubbles might have thought it was reputable... but generally? Not a chance, at least not from my perspective. Was the media critical? No-- there are reports that negative stories about SBF and FTX were actively suppressed in some newsrooms and it's already the case that scamcoiners are actively suing people who criticize them, so that's a big incentive to say nothing when you see a fraud.