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I had most of my networth in FTX and it all went down with it. 20 yrs of work, savings, and TSLA + NVIDIA winnings gone just like that It didn’t make any sens

I had most of my networth in FTX and it all went down with it. 20 yrs of work, savings, and TSLA + NVIDIA winnings gone just like that It didn’t make any sense what ftx was doing at the time. It’s one thing to steal and embezzle, it’s another to rob the thing wholesale from top to bottom. Its almost like someone schemed all this out, just to funnel people’s money to politicians I’m afraid we won’t ever get to the truth of it, kind of like the Epstein case

nabogh 3y ago
I'm sorry this happened to you but why on earth did you take on so much risk?
jowea 3y ago
I'm guessing here, and the wanton corporate expenses for the benefit of corporate employees and officers were a big problem, but for the main problem I feel that from their point of view they convinced themselves they were not stealing and embezzling. They had Alameda "invest" with the consumer's money, but they could sincerely thought they were winners, and that the clients would get their money. It's not like with some other cryptocurrency scams where they grabbed the loot and ran. Like seriously, if SBF was thinking of robbing the thing wholesale why didn't he have an escape plan? Where is Ruja Ignatova?
SnorkelTan 3y ago
Sounds like you're looking at 7-8 figure sum. You'll probably get something back in bankruptcy.
ecshafer 3y ago
Why in the world would you keep your whole net worth in a shady crypto startup like FTX? What's wrong with Vanguard, Blackrock, Fidelity, etc.?
nocoiner 3y ago
I can’t believe you were of working age (or close to it) at the tail end of Enron and this pattern doesn’t seem familiar to you.
HWR_14 3y ago
Funnel money to politicians? SBF definitively put money into the political system (on both sides), but that total amount seems to be dwarfed by even one of his super-luxurious properties in the Bahamas.

nabogh 3y ago

I'm sorry this happened to you but why on earth did you take on so much risk?

jowea 3y ago

I'm guessing here, and the wanton corporate expenses for the benefit of corporate employees and officers were a big problem, but for the main problem I feel that from their point of view they convinced themselves they were not stealing and embezzling. They had Alameda "invest" with the consumer's money, but they could sincerely thought they were winners, and that the clients would get their money. It's not like with some other cryptocurrency scams where they grabbed the loot and ran. Like seriously, if SBF was thinking of robbing the thing wholesale why didn't he have an escape plan? Where is Ruja Ignatova?

SnorkelTan 3y ago

Sounds like you're looking at 7-8 figure sum. You'll probably get something back in bankruptcy.

ecshafer 3y ago

Why in the world would you keep your whole net worth in a shady crypto startup like FTX? What's wrong with Vanguard, Blackrock, Fidelity, etc.?

nocoiner 3y ago

I can’t believe you were of working age (or close to it) at the tail end of Enron and this pattern doesn’t seem familiar to you.

HWR_14 3y ago

Funnel money to politicians? SBF definitively put money into the political system (on both sides), but that total amount seems to be dwarfed by even one of his super-luxurious properties in the Bahamas.