3 ms·
https://time.com/6330323/sbf-trial-biggest-bombshells/ https://time.com/6330323/sbf-trial-biggest-bombshells/ - interesting in this article showing what Alameda
by gizajob 3y ago
https://time.com/6330323/sbf-trial-biggest-bombshells/ https://time.com/6330323/sbf-trial-biggest-bombshells/ - interesting in this article showing what Alameda spent their stolen money on is that they made a $500million bet/investment on Anthropic, who Google just committed to investing $2billion into. Could have turned out great!
- pests 3y agoCould have? FTX still owns that investment into Anthropic and the bankruptcy proceedings are sorting it out.
- gizajob 3y agoOver a longer timeframe than they had
- gemstones 3y agoIsn’t rule 1 of trading that it doesn’t matter if you’re right if the timing is wrong?
- mikeryan 3y agoThe outstanding creditors probably think the timing was pretty good.
- tim333 3y agoI had money on FTX. There are headlines like "FTX Customers May Get Full Payout Thanks to Google & Amazon" which make me hopeful of getting some back. https://cryptobriefing.com/ftx-customers-full-payout-thanks-google-amazon/ https://cryptobriefing.com/ftx-customers-full-payout-thanks-... It would be kind of ironic if the investments went up so much they could cover everything.
- PunchTornado 3y agoThere was an article about how bankruptcy lawyers are charging 2000$ per hour + other expenses.
- k4rli 3y agoThat's just ridiculous pricing but so is the entire case.
- deleted 3y ago[deleted]
- coffeebeqn 3y agoIt’s still valuable equity right?
- AmericanOP 3y agoFounders/Owners should dilute and return the principal.
- forinti 3y agoIt seems to me that FTX was just doomed to fail because of the way they operated. This would only have given them the time to do more damage.