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.
They were just playing ! From the bankruptcy filing
https://twitter.com/GRDecter/status/1593272102047580161
Btw Sam BF, the most generous man ever, funded the ivermectin research which got published despite all its glaring flaws, just in time to keep it away from being a cheap effective safe treatment for Wuflu. I wonder who asked him to do that?
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).
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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