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Wasn’t the issue that the “money” that was left was actually in the form of largely worthless cryptocurrency investments, some of which were issued by FTX thems
by smcl 3y ago
Wasn’t the issue that the “money” that was left was actually in the form of largely worthless cryptocurrency investments, some of which were issued by FTX themselves.
- 8note 3y agoWhich seems kinda silly. People willingly traded their USD for garbage that wasn't worth anything, and put their money into accounts any reasonable person would think is worthless. He was really just serving a market for people trying to put their money into valueless garbage
- smcl 3y agoI dunno, all kinds of fraudsters and scammers are "serving a market" if you think about it like that. I guess it remains to be seen whether what they did was considered legal or not. Very very probably not.