Viewing profile — randal_handle

This is fine. Not great, but it is fine.

This is fine.

It's not her company. He owns most of the company and she was just the CEO. He was giving money to himself.

Speculation, but it appears from the books that the reason FTX was so fast is because they never actually bought or sold any user assets and would just report it as bought and sold…

If they hadn't touched user funds they had a profitable broker business and a potentially profitable trading business. There's no reason for their books to be this bad.

These numbers are in the thousands so the Assets - Liabilities should be in the billions and not millions. However, they did not do accounting for customer funds at all.

The converse of "the longer something has been around, the longer it will probably stay around still" is "the longer something will probably stay around (in the future), the longer…