Tag Archives: FTX

Took a little longer than I thought, and for a while it looked like nothing was going to happen to this creep because of his well placed donations to important politicians. However, he's in custody now and probably faces a long time behind bars.Look at this dude. A gross, disgusting physical specimen. Total slob. And Giselle?? Really??Sorry, but this kid was disgusting. Fat, out of shape slob who lurched around in drab, baggy T-shirts, shorts and sneakers. Meanwhile, living in a sick, frat...

The crypto ecosystem has grown massively in the last three years. Many of those participating in it have made life-changing amounts of money - on paper, or perhaps more accurately on computer. But  the problem with paper gains is that they tend to evaporate like the morning mist when the market turns. The crypto market turned towards the end of 2021 and is now firmly in bear territory. Bitcoin has fallen from above $60,000 in November 2021 to barely $16,000 now. For anyone who bought Bitcoin...

How did it all go so wrong, so quickly? Less than a month ago, Sam Bankman-Fried was the golden boy of crypto, with a net worth in the $billions, and his exchange FTX was valued at $32bn. Now, FTX has a gaping hole in its balance sheet, thousands of people have lost their money, and Sam is facing personal bankruptcy and, potentially, fraud charges. The short answer is - it didn't. The hole in FTX's balance sheet has existed for a long time. We don't know exactly how long, but the size of the...