The funniest part is some of the crypto bros here saying they've been recently short the same stuff they've been pumping for years and now they allegedly made huge returns. At least we could respect someone being wrong and defending their position, but to suddenly become a visionary trader in the teeth of the reckoning that so many of us saw coming... prolly nuthin though.
https://www.cnbc.com/2022/11/09/bin...crypto-exchange-on-the-brink-of-collapse.html https://www.cnbc.com/2022/11/09/binance-ceo-says-he-didnt-master-plan-ftx-collapse.html Market cap should be less than $ 240 million now. So CEO Sam Bankman-Fried lost even more in the last hours.
Mmmm, that's bad. He's now worth less than some guy in California that spent 2 bux on a Powerball ticket.
Jesus, if he's worth, say, 200 million now, how much fucking debt did he incur that a bankruptcy court would grant him it? Did he gather loans of billions of dollars to buy crappy stuff to enjoy as lines of credit? I do not understand billionaires and their thinking.
Shares/coins/tokens that he didn't pay a single dime for in the first place. Founders of startups get their stock shares for free or a absurdly low purchase price of $0.00001 per share.