Sam Bankman Fraud: Inside the Collapse of FTX’s Hollow Empire
The Breakdown
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What Do You Think About FTX Fraud?
I don't know how deep the fraud went, but I think that we're going to learn a lot more in the coming weeks and months. Why didn't they just let Alameda die when it had already died alongside Luna and 3-year-olds capital? This has been one of the most common questions on crypto Twitter. FTX was worth a combined $40 billion. It is quite reasonable then to ask why none of these investors uncovered signs of malfeasance. There were clearly some conflicts of interest. The truth will likely come out in future corporate proceedings as it's hard for me to imagine that this stays out of the legal realm for long.
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