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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by zxcvbnm on Wednesday November 23, 2022 @07:42PM (#33726469)
Aren't all founders doing this on some level?
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by autotune on Wednesday November 23, 2022 @10:49PM (#33727612)
Most bank founders don’t directly dip into customer funds to the point of bankruptcy, and if they do, the FDIC has an insurance policy for each customer, at least up to $250k.
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by weare138 on Wednesday November 23, 2022 @07:13PM (#33726233)
How is this guy not in prison?
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by _hypx on Wednesday November 23, 2022 @07:35PM (#33726412)
Probably will soon? See Elizabeth Holmes.
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by PaulHoule on Wednesday November 23, 2022 @07:18PM (#33726264)
Got bailed out by Scott Alexander.
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by refulgentis on Wednesday November 23, 2022 @07:58PM (#33726591)
?
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by wilg on Wednesday November 23, 2022 @09:18PM (#33727154)
takes more than a week
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by autotune on Wednesday November 23, 2022 @10:34PM (#33727546)
That’s what everyone said about Trump.
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by fatjokes on Wednesday November 23, 2022 @09:48PM (#33727323)
A lot of political donations and a darling of the media.
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Re:Founder ran FTX as “personal fiefdom”; many assets stolen... by thorncorona on Thursday November 24, 2022 @03:29AM (#33728971)
Well NYT (along with multiple other outlets) are currently trying to paint it as a $10B oopsies, so you know how that's going.

Shows how much you can trust the media nowadays.

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