FTX disaster

huh? I just said it has value

I think the biggest difference between speculation and scam is whose money your doing it with. I don’t really care what kind of risks someone takes with their own money. Taking big risks with someone else’s money when you have led that person to believe you are taking little risks with their money is a scam.

2 Likes

not you calling out hedge funds

The head of the Chicago Mercantile Exchange got asked why regulators hadn’t stepped in and done something about FTX. His response is a WTF moment, as he apparently admits bribing regulators himself:

https://twitter.com/ryangrim/status/1595432125922217984?t=FTFdCXGJCPjV-7LLvQ675w&s=19

2 Likes