Founder ran FTX as “personal fiefdom”; many assets stolen or missing (arstechnica.com) 17 points by PaulHoule 3y ago ↗ HN
[–] weare138 3y ago ↗ How is this guy not in prison? [–] PaulHoule 3y ago ↗ Got bailed out by Scott Alexander. [–] refulgentis 3y ago ↗ ? [–] _hypx 3y ago ↗ Probably will soon? See Elizabeth Holmes. [–] wilg 3y ago ↗ takes more than a week [–] autotune 3y ago ↗ That’s what everyone said about Trump. [–] fatjokes 3y ago ↗ A lot of political donations and a darling of the media. [–] thorncorona 3y ago ↗ Well NYT (along with multiple other outlets) are currently trying to paint it as a $10B oopsies, so you know how that's going.Shows how much you can trust the media nowadays.
[–] wilg 3y ago ↗ takes more than a week [–] autotune 3y ago ↗ That’s what everyone said about Trump.
[–] thorncorona 3y ago ↗ Well NYT (along with multiple other outlets) are currently trying to paint it as a $10B oopsies, so you know how that's going.Shows how much you can trust the media nowadays.
[–] zxcvbnm 3y ago ↗ Aren't all founders doing this on some level? [–] autotune 3y ago ↗ Most bank founders don’t directly dip into customer funds to the point of bankruptcy, and if they do, the FDIC has an insurance policy for each customer, at least up to $250k.
[–] autotune 3y ago ↗ Most bank founders don’t directly dip into customer funds to the point of bankruptcy, and if they do, the FDIC has an insurance policy for each customer, at least up to $250k.
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[ 0.25 ms ] story [ 58.3 ms ] threadShows how much you can trust the media nowadays.