This mistake cost traders billions.
The FTX collapse left investors with empty accounts after they treated it like a bank. Missing those warning signs still costs people sleep.
Sam Bankman-Fried petitioned the Supreme Court to overturn his fraud conviction. Supporters say the trial moved too quickly and the math around FTX was messy enough to warrant review. I land on the other side. Customer funds were treated like a personal piggy bank, and letting that go unpunished would hurt $BTC adoption more than any headline. $FTT rose 1.16 percent while $BTC gained a mere 0.12 percent and $ETH stayed quiet.
Where do you think this goes from here?
#FTX #SBF #Crypto
The FTX collapse left investors with empty accounts after they treated it like a bank. Missing those warning signs still costs people sleep.
Sam Bankman-Fried petitioned the Supreme Court to overturn his fraud conviction. Supporters say the trial moved too quickly and the math around FTX was messy enough to warrant review. I land on the other side. Customer funds were treated like a personal piggy bank, and letting that go unpunished would hurt $BTC adoption more than any headline. $FTT rose 1.16 percent while $BTC gained a mere 0.12 percent and $ETH stayed quiet.
Where do you think this goes from here?
#FTX #SBF #Crypto
