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Drappi quit within 24 hours of the meeting, he testified Thursday. Binance ultimately did not buy FTX, which declared bankruptcy when Bankman-Fried relinquished
by frozenport 3y ago
Drappi quit within 24 hours of the meeting, he testified Thursday. Binance ultimately did not buy FTX, which declared bankruptcy when Bankman-Fried relinquished control two days after the Alameda all-hands meeting.
They did and recorded the whole thing. In a few more days the game was up.
- letmeinhere 3y agoI think _fat_santa was referring to the earlier period when the fraud began, but of course this call shows that most of them did not know. Some did and knowingly participated in the fraud. Some knew about this or other shady practices and left the firm, as far back as 2019 IIRC. Lots of different responses, but unfortunately no leakers.
- zoklet-enjoyer 3y agoThere eventually was one leak. That's what ended the whole thing. There was a coindesk article with a leaked image of their balance sheet. CZ commented on it and things went downhill from there.
- letmeinhere 3y agoTrue, but probably not from inside. They were circulating that to raise funds.