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No, that’s not quite what he said

FTX collapse worse than Enron, claims cryptocurrency firm’s liquidator
Filing calls company executives ‘inexperienced, unsophisticated, and potentially compromised’

He said the management leading to the collapse was worse. Which isn’t quite the same thing.

3 thoughts on “No, that’s not quite what he said”

  1. It may not be larger than Enron, but it’s in the same ballpark.

    Enron apparently was “worth” 60 billion before the bottom fell out. SBF was somewhere in the 15-20 billion area (crypto being quite volatile…)

    I suppose it may come down to what is recoverable in dollars in the end. Enron at least had some real estate etc. I’m not sure what SBF has, besides play money (employee’s residences? They would have to prove that corporate money was used and then get them back from the police).

  2. Woops – I was confusing SBF with FTX – although how much the two are different is likely something we still don’t know.

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