2min chapter

Dwarkesh Podcast cover image

Brett Harrison - FTX US Former President & HFT Veteran Speaks Out

Dwarkesh Podcast

CHAPTER

What's the Red Flag? Is It a Liquidity Issue?

The most obvious thing only in hindsight was that Sam liked to do bonuses for the employees twice a year. He was extremely late in doing the mid-year 2021 or 2022 bonuses so much so that people in the company started to freak out. I think everything else is all just things that were red flags about the organization not red flags about potential liquidity issues are fraudThings like you know the complete inability to hire more people especially on the developer side and really wanting to keep that nexus of developer the developer group in the Bahamas next to Gary in the shod those seem like red flags now hmm.

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