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The doctor who helped take down FTX in his spare time

theatlantic.com

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Re: The doctor who helped take down FTX in his spare time

#2
I think Warzel's initial premise, that "nobody expected" this, was wrong. Everyone expected this.

I was starting to get concerned about how mainstream "crypto" was becoming. When I logged into my brokerage account at Fidelity for the past few months, I was bombarded with giant banners on their homepage about their new "crypto" funds and about how I could put my 401k in crypto. They stopped running these banners when FTX collapsed. For my part, I had sent Fidelity a note saying their hyping of crypto made the company look irresponsible and risky.

Good for James Block! More people should be speaking up.