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A comment on FTX CEO says company engaged in 'old fashioned embezzlement' under SBF.

Re:FTX CEO says company engaged in 'old fashioned embezzleme... by gwen-shapira on Wednesday December 14, 2022 @01:27PM (#33987629)
Whether FTX US is solvent: “We still have a hole in the U.S., so as we sit here today it is not solvent. That's just inaccurate. And I'm not sure how he would even know that, quite honestly.”

This is a good point. Hard to claim that you don't know anything and lost money accidentally through bad accounting, and also claim that the exchange is solvent.

[ Parent | on HN ]
Re:FTX CEO says company engaged in 'old fashioned embezzleme... by bioemerl on Wednesday December 14, 2022 @01:30PM (#33987691)
Read to me like an attempt to blame these bankruptcy handlers for "stealing your money" so they eat the blame when the cards come down and the average person realizes they aren't getting their money back.
[ Parent | on HN ]