FTX files for bankruptcy, and the fallout begins. Who's next?

davidgerard.co.uk

14 points·davidgerard··7 comments

One new item I learned: "The largest asset on FTX’s balance sheet was $2.2 billion in Serum (SRM) tokens — another project where SBF is a cofounder. The free float on SRM is currently $120 million..."

The hubris is stunning.

> We haven’t slept since Tuesday, and we’re writing on the Sam and Caroline plan. Send us money!

First thing on the page. Wow, is this satire? The greed flows prominently from those mocking the greed of others.

They are being tongue in cheek. They realize everything you’re saying. That is why they wrote how they did.

You don’t know how much they make or how hard they’ve worked. They aren’t tricking any one into subscribing. I’m confused what the problem is. Should people not get paid for their work output?

Why is it greedy to ask for money in exchange for content? They are being transparent.

this is a very weird objection. Yes, we do finance newsletters and that's how we get paid for them.

"The Department of Justice declined to prosecute Corzine."

How come? How were the transactions done that made it so difficult to connect the dots between customer deposits and improperly traded funds?

He was penalized for sure: https://www.cftc.gov/PressRoom/PressReleases/7508-17#:~:text...

It does help to be a former US Senator and governor.

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