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submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

FTX execs blew through $8B โ€” testimony reveals how::Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations,

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[-] MeekerThanBeaker@lemmy.world 66 points 11 months ago

They could've been massively rich running the exchange the legit way, but no... it's always more, more, more... now, now, now.

[-] Sludgehammer@lemmy.world 34 points 11 months ago

It was a crypto exchange, I don't think there is a "legit way" to run one of those.

[-] cricket97@lemmy.world 44 points 11 months ago* (last edited 11 months ago)

there absolutely is. just do your job facilitating trades between consenting parties, thats it.

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this post was submitted on 19 Oct 2023
175 points (98.3% liked)

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