SBF/FTX
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If the company had its own boutique crypto currency which was valued at the most recent transaction price, which in turn was whatever SBF wanted it to be, then I suppose the bubble pop makes sense. But that would be the pop of a bubble that wasn’t inflated with real money to begin with. My question is where did all the real money go? I mean other to Democrats, as SBF tried to climb socially through the high status political ranks of the left.
Education is extremely important.
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@Horace The immediate answer is Alameda but it's still unclear what they were doing with it.
Also it's unclear when the shady stuff (using customer money) started. Did they do that from the get-go? Or was it an act of desperation over the summer when crypto started to go south that they hoped would be temporary?
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"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@George-K I was reading that Caroline Ellison's father is the dept head of economics at MIT and her mother is a eon comics professor there. When she (Caroline) was 8 years old, she wrote a economics paper on toy pricing at Toys are Us.
She is probably alot of fun at parties!!
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The new CEO is getting paid $1300/hr.
(But, it is quite a specialized skill set, so he is probably worth it if he can figure out the USD billions that are floating around).
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NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) - Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.
Separately, attorneys for FTX said on Tuesday that one of the company's units spent $300 million in the Bahamas buying homes and vacation properties for its senior staff, and that FTX was run as a "personal fiefdom" of Bankman-Fried.
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Ha. The NY Post buried it in p16 of a piece about his sex life.
I guess Murdoch inc wants to keep the SBF-Democrats narrative in play.
DON’T let them eat cake.
- RFK Jr -
Ha. The NY Post buried it in p16 of a piece about his sex life.
I guess Murdoch inc wants to keep the SBF-Democrats narrative in play.
The narrative, which is still in play, is that soulless opportunists can be counted on to publicly espouse leftism. Obviously.
Education is extremely important.
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DON’T let them eat cake.
- RFK Jr -
@Horace obviously not.
You think the guys pushing the Dems->Ukraine->FTX->Dems absurdity want to add the GOP to the lineup?
I am sure that theory about money flow does not hold up to scrutiny. It is prominent in your mind because it's an easy win for your tribe, while the more important and meaningful narrative remains intact. SBF sought social advantage, and he did so by publicly siding unequivocally with the Dems.
Education is extremely important.
