Re:FTX’s Collapse Was a Crime, Not an Accident
by DebtDeflation on Thursday December 01, 2022 @08:25AM
(#33815892)
> Is it because journalists do not understand crypto, like, at all?
No, I think it's because they understand it well enough to know that if they call what FTX was doing a scam (which it was) then the entire house of cards will collapse because all of the other big crypto exchanges/lenders/yield farms/funds are doing the exact same thing. SBF laid it all out to Matt Levine on Odd Lots back in April.
No, I think it's because they understand it well enough to know that if they call what FTX was doing a scam (which it was) then the entire house of cards will collapse because all of the other big crypto exchanges/lenders/yield farms/funds are doing the exact same thing. SBF laid it all out to Matt Levine on Odd Lots back in April.
https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm...