randal_handle

4 ms·

1. 1.▲
   by randal_handle 3y ago

   This is fine. Not great, but it is fine.
2. 2.▲
   by randal_handle 3y ago

   This is fine.
3. 3.▲
   by randal_handle 4y ago

   It's not her company. He owns most of the company and she was just the CEO. He was giving money to himself.
4. 4.▲
   by randal_handle 4y ago

   Speculation, but it appears from the books that the reason FTX was so fast is because they never actually bought or sold any user assets and would just report it as bought and sold on their website.
5. 5.▲
   by randal_handle 4y ago

   If they hadn't touched user funds they had a profitable broker business and a potentially profitable trading business. There's no reason for their books to be this bad.
6. 6.▲
   by randal_handle 4y ago

   These numbers are in the thousands so the Assets - Liabilities should be in the billions and not millions. However, they did not do accounting for customer funds at all.
7. 7.▲
   by randal_handle 4y ago

   The converse of "the longer something has been around, the longer it will probably stay around still" is "the longer something will probably stay around (in the future), the longer it will have already been around (from the p