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NelsonMinar
on Nov 10, 2022
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FTX tapped into customer accounts to fund risky be...
To summarize, the WSJ article says he took $10B of $16B in customer deposits to FTX and used that to finance his hedge fund.
reso
on Nov 10, 2022
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...and then the hedge fund lost the whole $10B. Corruption AND incompetence.
michael1999
on Nov 10, 2022
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Looks like much of it was spent filling in the bezzle left from the early blow-ups in terra, etc. He was trying to prop up the whole ecosystem.
strikelaserclaw
on Nov 10, 2022
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should definitely serve some jail time
MrMan
on Nov 10, 2022
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or just spent it?
moralestapia
on Nov 10, 2022
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Or stole it.
bagels
on Nov 10, 2022
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Seems like blaming the economy/stock market can make for a good cover if nobody looks too hard.
jbverschoor
on Nov 10, 2022
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Damn, that's nearly 2/3. Insane.
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