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One blogger's estimate of their losses: >Voyager/BlockFi acquisition: 1.5b >LUNA exposure: 1b >KCG-style algo crash: 1b >FTT/SRM collateral maintenance: 2b
by ShredKazoo 4y ago
One blogger's estimate of their losses:
>Voyager/BlockFi acquisition: 1.5b
>LUNA exposure: 1b
>KCG-style algo crash: 1b
>FTT/SRM collateral maintenance: 2b
>Venture capital: 2b
>Real estate, branding, other frivolous spending: 2b
>FTT drop from $22 to $4: 4b
>Discretionary longs going bad: 2b
>Total: 15.5 billion
https://milkyeggs.com/?p=175 https://milkyeggs.com/?p=175
- seanhunter 4y agoReminds me of the famous quote by the footballer George Best “I spent a lot of money on booze, birds and fast cars. The rest I just squandered.”