2 ms·
The crime isn't that FTX lost its gambles. The crime is that FTX was gambling with money it legally couldn't use for the gambles.
by jcranmer 3y ago
The crime isn't that FTX lost its gambles. The crime is that FTX was gambling with money it legally couldn't use for the gambles.
- mandevil 3y agoRight. I was responding to the comment that "it must be driving Sam insane though to think he could have made it all fine if he had hung on a few more months." But the problem is, even if he had made this gamble pay off, by his very nature the man was determined to bet his freedom and net worth again and again on, at best, 51-49 bets. Because he wasn't actually a very good gambler.
- webmaven 3y agoIn effect, it was an unsecured high-stakes side-bet on whether he would get caught.