Maybe I misinterpreted it, but didn’t SBF himself say it was all built on hype and a ponzi, at least based on this interview with him back in April?
https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm...
Ask HN: Did anyone allege FTX/Alameda was fraudulent before the meltdown?
11–13 of 13 posts
Re: Ask HN: Did anyone allege FTX/Alameda was fraudulent before the meltdown?
#12In an interview with Forbes, SBF said that some crypto exchanges are "secretly insolvent". Was this a self report?
https://www.forbes.com/sites/stevenehrlich/2022/06/28/bankma...
Re: Ask HN: Did anyone allege FTX/Alameda was fraudulent before the meltdown?
#13_all_ crypto is scam.
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