In case you are aware of the outdated comedy trio, the Three Stooges, I guess you possibly can spot a resemblance between Larry Effective and Sam Bankman-Fried. Are they associated?
One large distinction — Larry Effective was humorous; Bankman-Fried is just not.
What has many individuals scratching their heads is how this child may wind up on the high of a multi-billion greenback enterprise and persuade so many supposedly shrewd Wall Avenue financiers to throw cash at him?
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Which brings me to the next tweet. That is your likelihood to drill down and assist attempt to unravel how this complete rip-off received began. I requested the query earlier at present, who bankrolled this start-up. A sensible and good buddy despatched me this.
I hope that the suitable governing authorities are conducting a full-scale investigation. Within the meantime, what are you aware about any of those corporations/organizations and the individuals who helped get FTX up and working? I’m flattered to have such an urbane, sensible group of individuals from all over the world who take the time to learn and touch upon my articles. I’m betting that a few of you may have some insights on a few of these corporations and might help make clear whether or not there have been some nefarious intents initially or if individuals who ought to have identified higher did not do their due diligence.
What do you assume?