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Wait, so SBF was right? Wasn't this a big part of the stuff he wouldn't shut up about? That he could pay it all back?
by branon 2y ago
Wait, so SBF was right? Wasn't this a big part of the stuff he wouldn't shut up about? That he could pay it all back?
- zozbot234 2y agoIt's very different. Pre-bankruptcy FTX would have owed crypto, so increases in crypto prices (other than FTX's own bespoke "token") would not have helped. Post-bankruptcy, FTX owes cash based on historical (lower) crypto prices. So no, SBF is not quite right.
- deleted 2y ago[deleted]
- anonuser1234 2y agoWhether SBF was right or not does not exempt him from the fraud that was commited
- matthewdgreen 2y agoThey lost a ton of their customers' crypto. They're paying people back in cash at prices that are now 1/3 or less of the value of the crypto that customers deposited with them.