Some more good news.
Karma is a bitch.......................
was he able to make good his mega donations to the libs before closing down in October????
Bankman-Fried’s net worth plummeted from $15.6 billion in the early hours of Tuesday morning to just $1 billion by Tuesday afternoon
Good for Him!!!
The leaches sucked him dry and not one of them could care less. Their lives will not change one bit.
crypto = Magic Internet Money = Easy Come, Easy Go = Stupid, Greedy People Hurt the Most ...
FTX crypto “exchange” bites the dust: phony “assets” shown to be phony; customer “account” withdrawals halted; crypto crash; AC3/Celsisus/Terra/Luna deja vu all over again ...
but no problemo: withdrawals from FTX by the punters was halted “temporarily”, but hey folks, all is well, it’s just a little Itsy Bitsy Teenie Weenie “liquidity” problem that will clear right up shortly ...
btw, what started this implosion was leaked documents published 11/2/2022 that showed the claimed equity value of the FTX exchange and sister Almaneda Research was pretty much nothing but holdings of their own proprietary “coin”, FTT ...
when that was exposed, the whales (binance among others) bailed on FTT and the priced collapsed, resulting in the collapse of the FTX & Almaneda ...
but hey, we just gotta work the kinks outta crypto and do it right ... right now, they’re doing it wrong, and if we can just do it right, then it will solve all the world’s problems ... you know, just like socialism ...