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FTX to file for U.S. bankruptcy, CEO resigns

reuters.com

151–160 of 1001 posts

Re: FTX to file for U.S. bankruptcy, CEO resigns

#151

I think this tweet reply to the bankruptcy announcement is pretty brilliant, https://mobile.twitter.com/Abrahamweb3eth/status/15910726841... . I made the argument a couple days ago that CZ thought he was playing "4D chess" as the kids like to say these days by publicly and loudly dumping FTT, and he ended up burning the whole thing down.

[deleted]

Re: FTX to file for U.S. bankruptcy, CEO resigns

#154

Too bad Jonah Hill will be too old once the movie comes out about this whole saga. He would have aced it as SBF.

What about this story seems cinematic to you? This is a Ponzi scheme participant who didn't even deny being a Ponzi scheme participant in interviews.

Boiler Room is a movie, you can make an interesting movie about anything

Re: FTX to file for U.S. bankruptcy, CEO resigns

#156

you cannot make up this shit https://www.reddit.com/r/wallstreetbets/comments/ys4lmo/she_... gold

Wow... I thought this was satire. (when talking about trading) 'We don't tend to have stop losses, we don't see those as very good risk management tools' No wonder they're bankrupt...

SBF loaned her company 10 billion to trade without basic risk management for trading.

Re: FTX to file for U.S. bankruptcy, CEO resigns

#158

Too bad Jonah Hill will be too old once the movie comes out about this whole saga. He would have aced it as SBF.

What about this story seems cinematic to you? This is a Ponzi scheme participant who didn't even deny being a Ponzi scheme participant in interviews.

It's like that scene in The Big Short: "I don't get it, why are they confessing?" "They're not confessing - they're bragging".

Re: FTX to file for U.S. bankruptcy, CEO resigns

#159
post #154

Earlier quoted context omitted.

What about this story seems cinematic to you? This is a Ponzi scheme participant who didn't even deny being a Ponzi scheme participant in interviews.

Boiler Room is a movie, you can make an interesting movie about anything

Do you need to see it twice, and the second time without Vin Diesel? It wasn't that good of a movie to begin with.

Re: FTX to file for U.S. bankruptcy, CEO resigns

#160

Earlier quoted context omitted.

130 companies? What did they for a living? Collect companies each time a new month began?

Gaze on the beauty of this chart and despair: https://i.redd.it/078p4g7m6cz91.jpg

No wonder their accounting is so messed up.
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