FAST FIVE: FTX Post Mortem Part 2 Of 3: How Did We Get Here?

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When FTX blew up there was a balance sheet hole of somewhere between $6-10 billion.

If there's anyone that could access the advice to set up a complex piece of legal fiction entitling him to pilfer customer funds in a defensible way, it's SBF.

As spreads closed with more market makers flooding into the asset class it's much easier to take money from Sequoia and Softbank than it is to make money trading.

Was FTX a front for money flowing from Crypto traders and Tech VCs into Democrat coffers.

Why is the mainstream media reporting on this event as if SBF is just a failed entrepreneur who dreamed too big, rather than a fraud who appropriated customer funds.

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