174
submitted 1 year 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,

you are viewing a single comment's thread
view the rest of the comments
[-] MeekerThanBeaker@lemmy.world 66 points 1 year 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 1 year 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 1 year ago* (last edited 1 year ago)

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

load more comments (8 replies)
load more comments (8 replies)
this post was submitted on 19 Oct 2023
174 points (97.8% liked)

Technology

60261 readers
3343 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS