- Highlights from the lates Crypto disaster:
- Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each. This dude bragged that he never reads a book – a clue
perhaps?
- FTX Bankruptcy, (third-largest, was valued at $32bn) - is worse than anyone imagined.
- Software was allegedly used to conceal the misuse of customer funds.
- A single, unsecured group email was used to access private keys and sensitive data around the world.
- Corporate funds of FTX Group were used to buy homes and other personal items for employees.
- Employees of the FTX Group
submitted payment requests through an on-line ‘chat’ platform. we do Big Business based onemojis in the chat.
- My Crypto definition = pure speculative rubbish, fundamentally worth ZERO.
(The Tulip mania 1634-1637 had more intrinsic value. Tulips are beautiful and some smell very nice)
Nassin Nicholas Taleb on Crypto / Bitcoin
No comments:
Post a Comment