Like most of you (presumably), I've been watching tons of videos about the FTX collapse.
Watching footage, listening to podcasts, reading articles about it.
It's a bit blurry but only a couple of things are certain. - In random order
Number 1, what happened to FTX must not happen again.
Number 2, SBF should the spend the rest of his life in jail.
Number 3, buy BTC, keep in wallets, and fcuk the rest.
However, earlier today, I happened upon a comment on YouTube that nailed the hammer right on the head.
Here it goes:
"At the end of the day SBF took 10 billion dollars from 1.2 million customers accounts in one business to shore up his failing second business. Does not matter if he knew the risk, he emptied millions of accounts without their owners knowledge or permission."
'nuff said.
