The Sam Bankman-Fried empire crumbled. What happened?
newsletter.mollywhite.net
The Sam Bankman-Fried empire crumbled. What happened?
1–10 of 211 posts
Re: The Sam Bankman-Fried empire crumbled. What happened?
#2There is a part two available here with more opinion/analysis: https://newsletter.mollywhite.net/p/ftx-analysis
Re: The Sam Bankman-Fried empire crumbled. What happened?
#3[deleted]
Re: The Sam Bankman-Fried empire crumbled. What happened?
#4No post body was provided.
Re: The Sam Bankman-Fried empire crumbled. What happened?
#5I presume this individual cashed out at least some of his net worth in hard assets. Just curious how one could structure a vehicle for those assets that would be resilient to asset forfeiture? Also, what portion of the fortune would be most likely to have been squirreled away?
Re: The Sam Bankman-Fried empire crumbled. What happened?
#6Michael Lewis, author of The Big Short, was in the process of writing a book about the success of FTX and SBF. He personally went to the Super Bowl with them and visited them in the Bahamas multiple times.
Someone on Twitter said, "he just got his perfect ending."
It's gonna be a fantastic book.
Re: The Sam Bankman-Fried empire crumbled. What happened?
#7Michael Lewis, author of The Big Short, was in the process of writing a book about the success of FTX and SBF. He personally went to the Super Bowl with them and visited them in the Bahamas multiple times. Someone on Twitter said, "he just got his perfect ending." It's gonna be a fantastic book.
He should call it The Big Short 2: Get Shorted.
Re: The Sam Bankman-Fried empire crumbled. What happened?
#8I presume this individual cashed out at least some of his net worth in hard assets. Just curious how one could structure a vehicle for those assets that would be resilient to asset forfeiture? Also, what portion of the fortune would be most likely to have been squirreled away?
IF his goal was personal fraud and enrichment (and to be clear, I think this is VERY unproven) it would be far easier to stash some away in a mixed/clean bitcoin or monero account and memorize the mnemonic phrase. No paper evidence, no financial trail.
Re: The Sam Bankman-Fried empire crumbled. What happened?
#9I presume this individual cashed out at least some of his net worth in hard assets. Just curious how one could structure a vehicle for those assets that would be resilient to asset forfeiture? Also, what portion of the fortune would be most likely to have been squirreled away?
I would of expected the vast majority of his net worth would of been the same FTT tokens which are now heading to 0.
How much he cashed out (And the timing of this) will be interesting to learn.
Re: The Sam Bankman-Fried empire crumbled. What happened?
#10is this nominative determinism kicking in?