Re:FTX’s balance sheet was bad
by DebtDeflation on Monday November 14, 2022 @05:46PM
(#33602460)
>This worked while everything was going up
"Never confuse being long in a bull market with genius."
--John Bogle
> It's incredible these people managed to create a company size of FTX.
Didn't they got hundreds of millions in play money from their network (school friends). This worked while everything was going up and new cash was coming in.