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6min chapter
Reaction To The Collapse of FTX and Sam Bankman-Fried
My First Million
The Legend of the Origin Story for FTX
The legend of the origin story for FTX is that Sam saw this arbitrage opportunity. He basically hustled, went to Korea and set up this like logistics chain where they could buy a million dollars of Bitcoin here, sell it for a slight premium there,. wire the money back and do it again the next day. But now it appears the answer might have been that that just never even happened. That might have been a complete fabrication or they might have done it at a much smaller scale.
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