3min chapter

Clearer Thinking with Spencer Greenberg cover image

The FTX catastrophe (with Byrne Hobart, Vipul Naik, Maomao Hu, Marcus Abramovich, and Ozzie Gooen)

Clearer Thinking with Spencer Greenberg

CHAPTER

Crypto Scams

I think it would have made a whole lot of economic sense for many of those parties to have done more due diligence and try to collect the red flags. You would have had to suspect them and then investigate them rather than just like casually observe, I think. VCs are kind of okay with a group being kind of a scam in some ways. From their perspective, a group that's like very sketchy is not exactly a terrible thing. That said, from other community stakeholders, that is like a really freaking horrible thing.

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