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FTX Bankman-Fried: Top Biden donor defrauds billions from investors; media praises him as a hero
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<blockquote data-quote="DriveInDriѵeOut" data-source="post: 5453628" data-attributes="member: 44954"><p>The CEO/owner of their competitor Binance tweeted some stuff about FTX not being solvent. That basically caused a bank run on FTX. </p><p></p><p>When the massive outflows got to be too much, it became clear they didn't actually have the reserves they said they did. They were essentially gambling with user funds.</p><p></p><p>Now if you want to go conspiracy theories, the Binance owner is Chinese, and insists the commies have no control over him....</p></blockquote><p></p>
[QUOTE="DriveInDriѵeOut, post: 5453628, member: 44954"] The CEO/owner of their competitor Binance tweeted some stuff about FTX not being solvent. That basically caused a bank run on FTX. When the massive outflows got to be too much, it became clear they didn't actually have the reserves they said they did. They were essentially gambling with user funds. Now if you want to go conspiracy theories, the Binance owner is Chinese, and insists the commies have no control over him.... [/QUOTE]
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FTX Bankman-Fried: Top Biden donor defrauds billions from investors; media praises him as a hero
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