Once Bitten! A Bitcoin Podcast. cover image

@Saylor - The Year In Review 2022 In #bitcoin. #309

Once Bitten! A Bitcoin Podcast.

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Cryptocurrency and the Corruption of the Industry

FTX invested $5.6 billion in FTX ventures and must have spent another $2 billion in marketing or more, says John Defterios. They counterfeited tokens like FTT and SRM and boosted Solana and they boosted maps," he said. "They borrowed as much as they could posting that collateral from counter-parties" It'll be probably three to five years before we know the extent of that corrupt money but I don't think there are many people that weren't tainted."

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