Quote:
Originally Posted by ninjacookies
Bankman-Fried was just another dunce in a line of defunct crypto CEO millennials with absolutely zero business acumen thrust into a landscape filled with low barriers-to-entry and no questions asked investors. He's gone on record numerous times stating FTX has and will continue to dip into high risk business acquisition deals with not even the slightest bit of concern, while also stating none of those 8 figure deals will ever dip into the investor bank. And not a single balance sheet was seen that day. Fk'n lol.
The magical internet funny munny originally designed to be decentralized and completely sovereign now spearheaded by investerbois clamoring for gubment regulations and MuH PeAce Of MiNd protections.
I mean, I'm a trader/believer but...
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It's crazy to be a multi billion dollar exchange didn't even have a CFO... like wtf?
Turns out SBF had no clue how to actually run a sustainable business lol