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A comment on FTX’s Collapse Was a Crime, Not an Accident. Parent comment

Re:FTX’s Collapse Was a Crime, Not an Accident by andirk on Wednesday November 30, 2022 @08:13PM (#33810862)
He gambled. Lost. Gambled more. Lost bad "even when times were good". My guess is he figured if he could borrow from Peter to pay Paul one more time... one more time that he would eventually be back in the black. I think he personally set up those "positions" over and over, but he's not good at gambling so now it's all gone.

https://www.nytimes.com/live/2022/11/30/business/sam-bankman...

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Re:FTX’s Collapse Was a Crime, Not an Accident by quickthrower2 on Thursday December 01, 2022 @04:12AM (#33814035)
You forgot stole. He stole, gambled, lost.

Let’s say Amazon bet your $100 order money on WSB stocks and lost, and said “excuse blah insolvent blah accounting blah”.

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Re:FTX’s Collapse Was a Crime, Not an Accident by achenet on Thursday December 01, 2022 @09:05AM (#33816333)
this sounds like a tragic version of the film Uncut Gems
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