
Rabbit Hole Recap #227: FTX was a Ponzi and held no bitcoin... who's next?
Rabbit Hole Recap
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The State Was Not Involved in This
There was zero due diligence. Everyone who has a little bit... That's why it stinks. It would be naive to think the state wasn't involved with this. Specific policy makers, specific regulators, like corrupt all the way to the core. We have a system in place where bribery of our politicians and our regulators is pretty much legal. Like there are loopholes and sometimes not even actual loopholes.
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