SBF Is Headed to Prison but FTX Will Haunt the Crypto Community for Years

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by snickerbockers on Saturday November 04, 2023 @10:57PM (#38147629)

This is the biggest crypto exchange scandal since the last crypto exchange scandal.

[ Parent | on HN ]

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by jjoonathan on Saturday November 04, 2023 @11:00PM (#38147650)

Still waiting for my Mt Gox payout, lol.

[ Parent | on HN ]

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by SV_BubbleTime on Sunday November 05, 2023 @12:33AM (#38148251)

It is still amazing that Tether didn’t collapse yet.

[ Parent | on HN ]

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by kodapoda on Sunday November 05, 2023 @01:54AM (#38148677)

Especially considering the revelations from the SBF trial about FTXs relationship with Tether. I remember someone saying that Tether has incredibly strong ties to the underworld (criminal and political), and that's what keep it afloat. They also said if Tether collapses this might lead to a recession (aka "too big to fail").

[ Parent | on HN ]

Re:SBF Is Headed to Prison but FTX Will Haunt the Crypto Com... by jjoonathan on Monday November 06, 2023 @02:25PM (#38167499)

5% interest on $100B can fill one hell of a balance sheet hole, hella fast.

[ Parent | on HN ]