WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2025 Poal.co

576

It would give him a self fulfilling name. The fried bankman.

It would give him a self fulfilling name. The fried bankman.

(post is archived)

[–] 0 pt

Sure. He has already stolen everything else. Where did the money go Sam?

[–] 0 pt

That's certainly a piece, and I don't want to diminish it. A lot of things happened and, I don't have the data in front of me, but to my recollection there were a lot of moving parts and we can certainly dive into that.

[–] 0 pt

The moving parts were that they created a bunch of separate companies and transferred FTX assets into these companies and then "lost" all the money they borrowed with currency that did not belong to them.

[–] 0 pt

There certainly was a process, and to facilitate transfers a lot of people had to involved including legal. I don't think it's correct to characterize the money as "lost", though some positions became undercollateralized and that's something we continue to look at.