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In fairness, FTX had a profitable bankruptcy [1]. So it's still better to be scammed by Jane Street alumni than to be scammed by the usual alumni of Goldman Sac
by sillystu04 1y ago
In fairness, FTX had a profitable bankruptcy [1]. So it's still better to be scammed by Jane Street alumni than to be scammed by the usual alumni of Goldman Sachs, JP Morgan etc
[1] https://www.bloomberg.com/news/articles/2024-05-15/ftx-bankruptcy-will-pay-customers-over-100-but-they-missed-crypto-rally https://www.bloomberg.com/news/articles/2024-05-15/ftx-bankr...
- coolcase 1y agoHow is that fair? It was luck from the AI investment. Pure luck.
- arresin 1y agoIt wasn’t the only smart investment
- fredoliveira 1y agoRegardless of how you feel about SBF and FTX, claiming an early investment into Anthropic is "luck" rather than being ahead of the curve feels off the mark.
- coolcase 1y agoThat is dodging the point. The guy ripped people off. By luck they got the fiat value of their investment at some past date back. Yes if a single investment pays off well enough to negate fraud losses on that scale over a short time scale. It's fucking luck.
- stackskipton 1y agoIt's not profitable. They are getting their money back from value of the assets in 2022 when they went bankrupt but most of crypto assets have gone up significantly in value so it's 2.5 years of lost profit.